Security Trustees definition

Security Trustees means, collectively, the First Lien Security Trustee, the Second Lien Security Trustee, the Third Lien Security Trustee and the Fourth Lien Security Trustee, and “Security Trustee” means any one of them.

Security Trustees means the Canadian Security Trustee and the U.S. Security Trustee.

Security Trustees means the Australian Security Trustee and the UK Security Trustee, or either of them as the context requires.

Examples of Security Trustees in a sentence

• An extract from the Security Trustee's records signed by any duly authorised officer of the Security Trustee shall, in the absence of any manifest error, be conclusive for the purpose of this Agreement and shall constitute prima facie evidence in any legal action or proceedings arising out of or in connection with this Agreement.

• The pledge is shared between the CBC, the Previous Transaction Security Trustees, the Security Trustee and the Previous Transaction SPVs, which are set up as bankruptcy remote securitisation special purpose vehicles.

• Any payments in respect of the Parallel Debt and any proceeds received by the Security Trustee are, in the case of an insolvency of the Security Trustee, not separated from the Security Trustee's other assets and as such will form part of the Security Trustee's estate.

• In case of foreclosure of the co-owned right of pledge on the Collection Foundation Accounts (i.e. if the Collection Foundation defaults in forwarding or transferring the amounts received by it, as agreed), the proceeds will be divided according to each Previous Transaction Security Trustee's and the Security Trustee's share.

• Notwithstanding the preceding paragraphs, any Extraordinary Resolution to direct the Security Trustee (i) to accelerate the Covered Bonds pursuant to Condition 10 (Events of Default and Enforcement); (ii) to take any enforcement action, or (iii) to remove or replace the Security Trustee's Director shall only be capable of being passed by a Programme Resolution.

More Definitions of Security Trustees

Security Trustees means the Bank Group Security Trustee and the Target Group Security Trustee.

Security Trustees means Wellx Xxxgo Bank, N.A. and R. T. Xxxxxxxx, xx Trustees, under the Indenture of Mortgage, and their respective successors in trust thereunder, and whenever any action shall be required to be taken herein by the Security Trustees or notice be given to the Security Trustees, action by or notice to either Trustee shall constitute compliance therewith.

Security Trustees shall have the meaning set out at Clause 1.1 (Definitions) of the Intercreditor and Common Terms Agreement.

Security Trustees mean the entities listed in Schedule 2 hereto and any Additional Security Trustees, as the context may require;

Security Trustees means the First Lien Collateral Agent, the Second Lien Collateral Agent and the International Security Agent.

Security Trustees means the Spire Security Trustee and the Longhurst Security Trustee;

Security Trustees means the Funding 1 Security Trustee, the Funding 2 Security Trustee or the Bank of New York Mellon (or any successor thereto) as security trustee pursuant to the First Issuer Deed of Charge, Second Issuer Deed of Charge, Third Issuer Deed of Charge, Fourth Issuer Deed of Charge, Fifth Issuer Deed of Charge, Sixth Issuer Deed of Charge, Seventh Issuer Deed of Charge, Eighth Issuer Deed of Charge and Ninth Issuer Deed of Charge;