Common use of Acceleration of Payment Clause in Contracts

Acceleration of Payment. Notwithstanding any other provision of this Agreement, in the event of any enforcement of the security over the Collateral Assets pursuant to the Trust Deed all fees and expenses payable to the Portfolio Administrator and the Trustee shall become immediately due and payable.

Appears in 3 contracts

Sources: Portfolio Administration Agreement, Portfolio Administration Agreement, Portfolio Administration Agreement

Acceleration of Payment. Notwithstanding any other provision of this Agreement, in the event of any enforcement of the security over the Collateral Assets pursuant to the Trust Deed all fees and expenses payable to the Portfolio Administrator Agents and the Trustee shall become immediately due and payable.

Appears in 1 contract

Sources: Portfolio Administration Agreement