Common use of Realisation of Assets Clause in Contracts

Realisation of Assets. From and after the Date of Termination and subject to clauses 7.3 and 7.4, the Trustee must realise the Assets of the Trust as soon as practicable, provided however that the Trustee may postpone realisation of all of the Assets of the Trust if it reasonably considers it is in the interests of Beneficiaries to do so. In this circumstance, until such realisation of the Assets of the Trust, the terms of the Trust will continue to apply with such changes as the context may require.

Appears in 2 contracts

Sources: Trust Deed and Shareholders’ Agreement, Trust Deed and Shareholders' Agreement