Common use of Requirements for Termination Clause in Contracts

Requirements for Termination. On or before the declaration of a Quarterly Distribution Date by the Trustee in accordance with clause 14.1, the Trustee must obtain written confirmation from the Rating Agencies that the termination of the Facility and the appointment of the proposed substitute Liquidity Facility Provider on that Quarterly Distribution Date will not result in a downgrade, qualification or withdrawal of the credit ratings then assigned by them to the Securities.

Appears in 2 contracts

Sources: Liquidity Facility Agreement (Medallion Trust Series 2007-1g), Liquidity Facility Agreement (Securitisation Advisory Services Pty LTD)

Requirements for Termination. On or before the declaration of a Quarterly Distribution Date by the Trustee in accordance with clause 14.1, the Trustee must obtain written confirmation from the Rating Agencies that the termination of the Facility and the appointment of the proposed substitute Liquidity Facility Provider on that Quarterly Distribution Date will not result in a downgrade, qualification or withdrawal of the credit ratings then assigned by them to the Securities.. -------------------------------------------------------------------------------- 15. TRUSTEE PROVISIONS

Appears in 2 contracts

Sources: Liquidity Facility Agreement (Securitisation Advisory Services Pty LTD), Liquidity Facility Agreement (Securitisation Advisory Services Pty LTD)

Requirements for Termination. On or before the declaration of a Quarterly the Distribution Date by the Trustee in accordance with clause 14.1, the Trustee must obtain written confirmation from the Rating Agencies that the termination of the Facility and the appointment of the proposed substitute Liquidity Facility Provider on that Quarterly Distribution Date will not result in a downgrade, qualification or withdrawal of the credit ratings then assigned by them to the Securities.

Appears in 2 contracts

Sources: Liquidity Facility Agreement (Securitisation Advisory Services Pty LTD), Liquidity Facility Agreement (Securitisation Advisory Services Pty LTD 2000 Med Trust)

Requirements for Termination. On or before the declaration of a Quarterly Distribution Date by the Trustee in accordance with clause 14.1, the Trustee must obtain written confirmation from the Rating Agencies that the termination of the Facility and the appointment of the proposed substitute Liquidity Facility Provider on that Quarterly Distribution Date will not result in a downgrade, qualification or withdrawal of the credit ratings then assigned by them to the Securities.. --------------------------------------------------------------------------------

Appears in 1 contract

Sources: Liquidity Facility Agreement (Securitisation Advisory Services Pty LTD)

Requirements for Termination. On or before the declaration of a Quarterly Distribution Date by the Trustee in accordance with clause 14.1, the Trustee must obtain written confirmation from the Rating Agencies that the termination of the Facility and the appointment of the proposed substitute Liquidity Facility Provider on that Quarterly Distribution Date will not result in a downgrade, qualification or withdrawal of the credit ratings then assigned by them to the Securities.. -------------------------------------------------------------------------------- 15. TRUSTEE PROVISIONS

Appears in 1 contract

Sources: Liquidity Facility Agreement (Securitisation Advisory Services Pty LTD)

Requirements for Termination. On or before the declaration of a Quarterly Distribution Date by the Trustee in accordance with clause 14.1, the Trustee must obtain written confirmation from the Rating Agencies that the termination of the Facility and the appointment of the proposed substitute Liquidity Facility Provider on that Quarterly Distribution Date will not result in a downgrade, qualification or withdrawal of the credit ratings then assigned by them to the Securities.. -------------------------------------------------------------------------------- 15. Trustee provisions

Appears in 1 contract

Sources: Liquidity Facility Agreement (Securitisation Adv Serv Medallion Trust Series 2004-1g)

Requirements for Termination. On or before the declaration of a Quarterly Monthly Distribution Date by the Trustee in accordance with clause 14.1, the Trustee must obtain written confirmation from the Rating Agencies that the termination of the Facility and the appointment of the proposed substitute Liquidity Facility Provider on that Quarterly Monthly Distribution Date will not result in a downgrade, qualification or withdrawal of the credit ratings then assigned by them to the Securities.. -------------------------------------------------------------------------------- 15. TRUSTEE PROVISIONS

Appears in 1 contract

Sources: Liquidity Facility Agreement (Securitisation Advisory Services Pty LTD)