Common use of Consequences of Event of Default Clause in Contracts

Consequences of Event of Default. At any time after the occurrence of an Event of Default the Standby Redraw Facility Provider may, without being obliged to do so and notwithstanding any waiver of any previous default, by written notice to the Trustee: (a) (DECLARE ADVANCES DUE): declare the Advances, accrued interest and all other sums which have accrued due under this Agreement (whether or not presently payable) to be due, whereupon they will become immediately due and payable; and/or (b) (DECLARE FACILITY TERMINATED): declare the Facility terminated in which case the obligations of the Standby Redraw Facility Provider under this Agreement will immediately terminate from the date of receipt by the Trustee of such written notice. -------------------------------------------------------------------------------- 13. TRUSTEE PROVISIONS

Consequences of Event of Default. At any time after the occurrence of an Event of Default the Standby Redraw Facility Provider may, without being obliged to do so and notwithstanding any waiver of any previous default, by written notice to the TrusteeBorrower: (a) (DECLARE ADVANCES DUE): declare the AdvancesRedraw Facility Principal, accrued interest and all other sums which have accrued due under this Agreement (whether or not presently payable) to be due, whereupon they will become become, immediately due and payable; and/or (b) (DECLARE REDRAW FACILITY TERMINATED): declare the Redraw Facility terminated in which case the obligations of the Standby Redraw Facility Provider under this Agreement will immediately terminate from the date of receipt by the Trustee Borrower of such written notice. -------------------------------------------------------------------------------- 1314. TRUSTEE PROVISIONS

Consequences of Event of Default. At any time after the occurrence of an Event of Default the Standby Redraw Facility Provider may, without being obliged to do so and notwithstanding any waiver of any previous default, by written notice to the TrusteeBorrower: (a) (DECLARE ADVANCES DUE): declare the AdvancesRedraw Facility Principal, accrued interest and all other sums which have accrued due under this Agreement (whether or not presently payable) to be due, whereupon they will become become, immediately due and payable; and/or (b) (DECLARE REDRAW FACILITY TERMINATED): declare the Redraw Facility terminated in which case the obligations of the Standby Redraw Facility Provider under this Agreement will immediately terminate from the date of receipt by the Trustee Borrower of such written notice. -------------------------------------------------------------------------------- 1314. [TRUSTEE PROVISIONS

Consequences of Event of Default. At any time after the occurrence of an Event of Default the Standby Redraw Facility Provider may, without being obliged to do so and notwithstanding any waiver of any previous default, by written notice to the Trustee: (a) (DECLARE ADVANCES DUE): declare the Advances, accrued interest and all other sums which have accrued due under this Agreement (whether or not presently payable) to be due, whereupon they will become immediately due and payable; and/or (b) (DECLARE FACILITY TERMINATED): declare the Facility terminated in which case the obligations of the Standby Redraw Facility Provider under this Agreement will immediately terminate from the date of receipt by the Trustee of such written notice. -------------------------------------------------------------------------------- 13. TRUSTEE PROVISIONS.