Common use of Seller Note Clause in Contracts

Seller Note. Where a Series Notice so provides, the Trustee may issue a debt instrument (the Seller Note) to the relevant Approved Seller with respect to any ongoing obligations of the Approved Seller with respect to Purchased Receivables acquired from the Approved Seller by the Trustee.

Appears in 3 contracts

Sources: Master Trust Deed (Westpac Securitisation Management Pty LTD), Master Trust Deed (Westpac Securitisation Management Pty LTD), Master Trust Deed (Westpac Securitisation Management Pty LTD)