Examples of Secured Lender in a sentence
EXHIBIT E FORM OF ACKNOWLEDGEMENT OF SECURED XXXXXX’S RIGHTS THIS AGREEMENT made as of this day of , 20 , BETWEEN: [insert Supplier name], [insert legal form of the Supplier and jurisdiction of organization] (the “Supplier”), [insert Security Agent name], in its capacity as [{Secured Lender under the Contracts} or {insert form of Secured Lender representation, e.g., security trustee, collateral agent and trustee, etc.
For greater certainty, in the case of a deed of trust or similar instrument securing bonds or debentures where the trustee holds security on behalf of, or for the benefit of, other lenders, only the trustee shall be entitled to exercise the rights and remedies under the Secured Lender’s Security Agreement as the Secured Lender on behalf of the lenders.