Common use of Notes lodged with Austraclear Clause in Contracts

Notes lodged with Austraclear. If Notes are lodged into the Austraclear System, the Trustee shall enter Austraclear in the relevant Register as the holder of those Notes. While those Notes remain in the Austraclear System: (a) all payments and notices required of the Trustee and the Trust Manager in relation to those Notes will be directed to Austraclear; and (b) all dealings (including transfers) and payments in relation to those Notes within the Austraclear System will be governed by the Austraclear Regulations and need not comply with this clause 14 to the extent of any inconsistency.

Appears in 3 contracts

Sources: Master Trust Deed (Westpac Securitisation Management Pty LTD), Master Trust Deed (Westpac Securitisation Management Pty LTD), Master Trust Deed (Westpac Securitisation Management Pty LTD)

Notes lodged with Austraclear. If A$ Notes are lodged into the Austraclear System, the Trustee shall enter Austraclear in the relevant Register as the holder of those A$ Notes. While those A$ Notes remain in the Austraclear System: (a) all payments and notices required of the Trustee and the Trust Manager in relation to those A$ Notes will be directed to Austraclear▇▇▇▇▇▇▇▇▇▇▇; and (b) all dealings (including transfers) and payments in relation to those A$ Notes within the Austraclear System will be governed by the Austraclear Regulations and need not comply with this clause 14 7 to the extent of any inconsistency.

Appears in 1 contract

Sources: Supplementary Terms Notice (Crusade Management LTD)