Examples of Security Trustee Agreement in a sentence
Provided that if in the opinion of IIFCL, the Security Trustee is in breach of its obligations in Clause 6.4.2(b), Clause 6.4.2(c) or Clause 6.5.1 of the Security Trustee Agreement, IIFCL shall have the sole right to remove/ replace the Security Trustee and pursuant to such removal/ replacement, the Secured Parties (other than the Security Trustee) shall the right to appoint a new security trustee at the cost of the Issuer.
Words and expressions defined in the Security Trustee Agreement have the same meaning when used in this Security Trustee Deed of Accession.
SCHEDULE IV SECURITY TRUSTEE DEED OF ACCESSION To: Security Trustee [Insert Address] Cc: Issuer [Insert Addresses] THIS DEED OF ACCESSION (the “Deed”) dated is supplemental to the Security Trustee Agreement (the “Security Trustee Agreement”) dated between the Issuer, the Security Trustee, the Debenture Trustee and IIFCL.
The Secured Parties (other than the Security Trustee) shall have the right to (i) approve the appointment (ii) removal and (iii) replacement, of the Security Trustee in accordance with the Security Trustee Agreement.
Pursuant to a security trustee agreement dated on or about the date of this Agreement, the Issuer has appointed the Security Trustee to act as the security trustee for the benefit of the Secured Parties (the "Security Trustee Agreement").