Settlement and discharge. The Trustee shall settle with the outgoing Trust Manager the amount of any sums payable by the outgoing Trust Manager to the Trustee or by the Trustee to the outgoing Trust Manager and shall give to or accept from the outgoing Trust Manager a discharge in respect of those sums which shall be conclusive and binding as between the Trustee, the outgoing Trust Manager, the new Trust Manager, the Beneficiaries and the Noteholders.
Appears in 3 contracts
Samples: Memorandum of Agreement (Westpac Securitisation Management Pty LTD), Memorandum of Agreement (Westpac Securitisation Management Pty LTD), Memorandum of Agreement (Westpac Securitisation Management Pty LTD)
Settlement and discharge. The Trustee shall settle with the outgoing Trust Manager Servicer the amount of any sums payable by the outgoing Trust Manager Servicer to the Trustee or by the Trustee to the outgoing Trust Manager Servicer and shall give to or accept from the outgoing Trust Manager Servicer a discharge in respect of those sums which shall be conclusive and binding as between the Trustee, the outgoing Trust ManagerServicer, the new Servicer, the Trust Manager, the Beneficiaries and the Noteholders.
Appears in 2 contracts
Samples: Conformed (Westpac Securitisation Management Pty LTD), Westpac Securitisation Management Pty LTD
