Common use of Effectiveness of this Deed Clause in Contracts

Effectiveness of this Deed. This Deed shall be effective on and from the date of this Deed and shall be in force until the Obligations have been fully paid-off to the satisfaction of the Debentureholders, provided that if the conditions precedent set out in Schedule VI (Conditions Precedent) have not been satisfied or waived by the Cut-off Date, the Trustee (acting in accordance with Relevant Instructions) shall have a right, by notice to the Issuer, to terminate this Deed and the other Debenture Documents at any time after the Cut-off Date has elapsed provided that, for the avoidance of doubt, any such termination shall not affect any obligation of the Issuer to pay any amounts that are then due and payable by it under the Debenture Documents.

Appears in 1 contract

Sources: Debenture Trust Deed

Effectiveness of this Deed. This Deed shall be effective on and from the date of this Deed and shall be in force until the Obligations have been fully paid-off to the satisfaction of the Debentureholders, provided that if the conditions precedent set out in Schedule VI (Conditions Precedent) have not been satisfied or waived by the relevant Cut-off Date, the Trustee (acting in accordance with Relevant Instructions) shall have a right, by notice to the Issuer, to terminate this Deed and the other Debenture Documents at any time after the relevant Cut-off Date has elapsed provided that, for the avoidance of doubt, any such termination shall not affect any obligation of the Issuer to pay any amounts that are then due and payable by it under the Debenture Documents.

Appears in 1 contract

Sources: Debenture Trust Deed

Effectiveness of this Deed. This Deed shall be effective on and from the date of this Deed and shall be in force until the Obligations have been fully paid-off to the satisfaction of the Debentureholders, provided that if the conditions precedent set out in Schedule VI II (Conditions Precedent) have not been satisfied or waived by the Cut-off Date, the Trustee (acting in accordance with Relevant Instructions) shall have a right, by notice to the Issuer, to terminate this Deed and the other Debenture Documents at any time after the Cut-off Date has elapsed provided that, for the avoidance of doubt, any such termination shall not affect any obligation of the Issuer to pay any amounts that are then due and payable by it under the Debenture Documents.

Appears in 1 contract

Sources: Debenture Trust Deed