Common use of Preferential Collection of Claims Against Trustee Clause in Contracts

Preferential Collection of Claims Against Trustee. The Trustee shall comply with TIA Section 311(a), excluding any creditor relationship listed in TIA Section 311(b). A Trustee who has resigned or been removed shall be subject to TIA Section 311(a) to the extent required by TIA Section 311(a).

Appears in 7 contracts

Samples: Series Trust Agreement (Corporate Asset Backed Corp), Series Trust Agreement (Corporate Asset Backed Corp), Series Trust Agreement (Corporate Asset Backed Corp)

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Preferential Collection of Claims Against Trustee. The Trustee shall comply with TIA Section 311(a)) of the TIA, excluding any creditor relationship listed in TIA Section 311(b)) of the TIA. A Trustee who has resigned or been removed shall be subject to TIA Section 311(a) of the TIA to the extent required by TIA Section 311(a)that Section.

Appears in 3 contracts

Samples: Trust Agreement (Corporate Asset Backed Corp Cabco Series 2004 1 Trust), Call Option Agreement (Corporate Asset Backed Corp), Trust Agreement (Corporate Asset Backed Corp)

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Preferential Collection of Claims Against Trustee. The Note Trustee shall comply with TIA Section section 311(a)) of the TIA, excluding any creditor relationship listed in TIA Section section 311(b)) of the TIA. A Note Trustee who has resigned or been removed shall be subject to TIA Section section 311(a) of TIA to the extent required by TIA Section 311(a)the TIA.

Appears in 2 contracts

Samples: Westpac Securitisation Management Pty LTD, Westpac Securitisation Management Pty LTD

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