The trustee of the or Trust Trust has entered into the Implementation Agreement with the State and will use the proceeds of the Notes to fund the delivery of the Arc Program (through the Services Agreement and Housing Agreements) and transaction-related expenses (including the costs and expenses of the Trust and its administration). [...] Services An agreement between the Issuer and Vacro dated 11 September 2023 as amended by the Agreement amending deed dated 25 March 2024 for the delivery of the Arc Program, under which the Issuer will use the proceeds of the issuance of the Notes and payments received under the Implementation Agreement to make payments to Vacro for the delivery of support services. [...] The SIB Deed Poll sets out the terms and conditions of the Notes and the obligations of the Issuer in relation to them, and includes the form of the Note Issue Supplements to be made by the Issuer at or around the time of the issue of the Tranche 1 Notes and Tranche 2 Notes. [...] The review will include (among other things): ● the number and nature of Referrals and Enrolments, and the size of the Measurement Group relative to plan; ● the engagement of Measurement Group members with the Program, including their housing status; ● housing supply and projected requirements; ● the performance of the Program; ● the cumulative expenses incurred by Vacro and Housing Providers rela. [...] 6.3 SIB Deed Poll and the Notes The Notes represent unsecured debt obligations of the Issuer, with recourse of the Noteholders limited to the extent of the Issuer’s recourse to the assets of the Trust.
Related Organizations
- Pages
- 81
- Published in
- Australia
