DEBENTURE TRUST DEED PURPOSE OF REPORT ...

Debenture Trust Deed 26
distinguishing between Security
Stock and other Stock;
(cc) whether or not from normal audit
tests they have conducted they are
satisfied that all Principal Money
due and payable on the Stock has
been paid or otherwise satisfied and
that all interest due and payable on
the Stock has been paid; and
where the Securities Act applies in respect of any Stock:
provide the Trustee with a copy of any report, financial
statement or certificate which the Auditors
have issued in respect of the Council;
procure that, if the Auditors become aware of any
matter that is relevant to the exercise or
performance of the rights or duties of the
Trustee, the Auditors shall, within seven
business days of becoming aware of the
matter, report the matter to the Trustee; and
on request of the Trustee provide to the Trustee all
information relating to the Council relevant to
the exercise of the Council's rights and
duties in respect of this Deed;
Furnish Copy of Register: provided the Register is not closed at
the relevant time, furnish upon request to the Trustee a
copy of the Register; and
Name Change: notify the Trustee as soon as is reasonably
practicable, and in any event within five business days, of
any change in the Council's name.
POWERS OF AND OTHER PROVISIONS RELATING TO TRUSTEE
Trustee's Remuneration:
General: The Council shall pay to the Trustee by way of
remuneration for its services as trustee such remuneration
as shall from time to time be agreed between the Council
and the Trustee.
Expenses: Without limiting the generality of the other provisions of
this Deed, the Council shall also, to the extent permitted by
law, pay on demand all expenses (including travelling
expenses and expenses incurred in the taking of any
expert advice deemed necessary or expedient by the
Trustee) reasonably incurred by or on behalf of the Trustee
in connection with:
the exercise by the Trustee of any right or duty conferred by this
Deed on the Trustee;
KCDC_n367613_v1_Fin-13-825_Appendix_1_Copy_of_Report_Fin-12-593_from_28_June_Council © Simpson Grierson