DEBENTURE TRUST DEED PURPOSE OF REPORT ...

Debenture Trust Deed 22
except that the Council may permit a Transitional Charge to subsist
until the date 30 days after the date of this Deed.
Further Assurance:
Assurances: The Council shall, to the extent permitted by law,
execute and do all registrations, assurances and things
which the Trustee may reasonably require for perfecting
the security intended to be created by this Deed. Without
limiting the foregoing, the Council shall, to the extent
permitted by law, do all things and provide all information
which the Trustee reasonably considers is desirable, in
order:
(a) to perfect, preserve or otherwise protect the Charged
Assets or the security intended to be created under
and by this Deed, and the priority of that security as
contemplated by this Deed;
(b) for the Trustee to register and maintain (including to
renew before expiry) one or more financing statements
in relation to the security interest in the Charged
Assets created or provided for by this Deed;
(c) to remove any financing statement which is registered
against the Council in relation to any security which is
not permitted by this Deed or otherwise consented to
by the Trustee in writing.
Realisation: The Council shall, to the extent permitted by law, from
time to time and at all times after the Date of Enforcement
execute and do all registrations, assurances and do such
things (including, without limitation, in respect of the
assessing of rates once set) which the Trustee may
reasonably require for taking possession of the Charged
Assets and facilitating the realisation of the Charged
Assets and for exercising all the trusts and rights
conferred on the Trustee or any Receiver by this Deed.
Execution: Without limiting the generality of clause 0, the Council
shall, to the extent permitted by law following the Date of
Enforcement, execute all mortgages, transfers,
conveyances, assignments and assurances of the Charged
Assets whether to the Trustee or its nominees and shall, to
the extent permitted by law, perform or cause to be
performed all acts and things requisite or reasonably
desirable according to law for the purpose of giving effect
to the carrying out or exercise of any of the said trusts and
rights and shall, to the extent permitted by law, give all
notices, orders and directions which the Trustee may
reasonably consider expedient.
Attachment not Delayed: Any security interest created by this Deed to which the
PPSA applies shall attach, in the case of:
Present: any present Charged Assets, from when the Council first
signs or assents to this Deed in one of the ways specified
in section 36(1)(b) of the PPSA; or
KCDC_n367613_v1_Fin-13-825_Appendix_1_Copy_of_Report_Fin-12-593_from_28_June_Council © Simpson Grierson