Common use of Liabilities of a Trust Clause in Contracts

Liabilities of a Trust. Any liabilities to the extent that they relate to a Trust and principal amounts outstanding to Noteholders and providers of Support Facilities or other Creditors to the extent that they relate to a Trust, shall not be aggregated with any liabilities, and principal amounts outstanding to Noteholders and providers of Support Facilities or other Creditors, to the extent that they relate to any other Trust or any liabilities of the Trustee in any capacity other than as Trustee of the Trust or offset against the Assets of any Trust other than the Trust of which those liabilities and principal amounts form a part or to which they relate or any liability of the Trustee in any capacity other than as trustee of the Trust.

Appears in 6 contracts

Samples: Master Trust (Crusade Management LTD), Master Trust (Crusade Management LTD), Master Trust (Crusade Management LTD)

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