Common use of Manager's Undertaking Clause in Contracts

Manager's Undertaking. The Manager undertakes to the Trustee and the Security Trustee that: (a) (No direction in breach of clause 6): it will not give any direction to the Trustee under the Master Trust Deed or the Series Supplement which would, if complied with, result in the Trustee breaching the terms of this clause 6; and

Appears in 2 contracts

Sources: Security Trust Deed (Securitisation Advisory Services Pty LTD), Security Trust Deed (Securitisation Advisory Services Pty LTD)