Common use of Notice to Class Clause in Contracts

Notice to Class. A-1 Noteholders The Manager on behalf of the Issuer will, within 5 days of: (a) (Termination): the termination of the appointment of any Agent; (b) (Resignation): the resignation of any Agent; or (c) (Appointment): the appointment of a new Agent, give to the Class A-1 Noteholders notice of the termination, appointment or resignation in accordance with Condition 11.1 of the US Dollar Note Conditions (in the case of a termination under clause 10.1(b)(i) or 10.2 at the cost of the outgoing Agent). Notwithstanding clauses 10.1 and 10.2, neither the termination of the appointment of an Agent, nor the resignation of an Agent, will take effect until notice thereof is given to the Class A-1

Appears in 1 contract

Sources: Agency Agreement (Securitisation Advisory Services Pty LTD)

Notice to Class. A-1 Noteholders [ ] NOTEHOLDERS The Manager on behalf of the Issuer Trustee will, within 5 [5] days of: (a) (TerminationTERMINATION): the termination of the appointment of any Agent; (b) (ResignationRESIGNATION): the resignation of any Agent; or (c) (AppointmentAPPOINTMENT): the appointment of a new Agent, give to the Class A-1 [ ] Noteholders notice of the termination, appointment or resignation in accordance with Condition 11.1 condition [11.1] of the US Dollar Note Conditions (in the case of a termination under clause [10.1(b)(i) )] or 10.2 [10.2] at the cost of the outgoing Agent). Notwithstanding clauses 10.1 [10.1] and [10.2], neither the termination of the appointment of an Agent, nor the resignation of an Agent, will take effect until notice thereof is given to the Class A-1[ ] Noteholders in accordance with this clause [10.7].

Appears in 1 contract

Sources: Agency Agreement (Macquarie Securitisation LTD)