Security Agent definition

Security Agent means the Bond Trustee or any successor Security Agent, acting for and on behalf of the Secured Parties in accordance with any Security Agent Agreement or any other Finance Document.

Security Agent means the security agent, appointed by the Secured Parties pursuant to the Intercreditor Agreement, holding the Transaction Security on behalf of the Secured Parties, being Nordic Trustee & Agency AB (publ) on the First Issue Date.

Security Agent means the security agent holding the Transaction Security on behalf of the Secured Parties, being the Agent on the First Issue Date.

Examples of Security Agent in a sentence

• To the extent that any member of the Group's Liabilities are discharged by way of set-off (compensación) (mandatory or otherwise) after the occurrence of an Insolvency Event in relation to that member of the Group, any Creditor which benefited from that set-off shall pay an amount equal to the amount of the Liabilities owed to it which are discharged by that set-off to the Security Agent for application in accordance with clause 11 (Application of Proceeds).

• The Security Agent may accept deposits from, lend money to and generally engage in any kind of banking or other business with any member of the Group.

• The Company shall, within three Business Days of demand, pay to the Security Agent the amount of all costs and expenses (including legal fees and together with any applicable VAT) incurred by it in connection with the enforcement of or the preservation of any rights under any Debt Document and the Transaction Security and any proceedings instituted by or against the Security Agent as a consequence of taking or holding the Transaction Security or enforcing these rights.

• Existing 2025 Notes Security The Secured Parties shall not have any independent power to enforce, or have recourse to, any of the Existing 2025 Notes Security or to exercise any right, power, authority or discretion arising under the Existing 2025 Notes Security Documents except through the Security Agent.

• The Security Agent may obtain and rely on any certificate or report from any Debtor's auditor and may enter into any reliance letter or engagement letter relating to that certificate or report on such terms as it may consider appropriate (including, without limitation, restrictions on the auditor's liability and the extent to which that certificate or report may be relied on or disclosed).

More Definitions of Security Agent

Security Agent means the security agent holding the Transaction Security on behalf of the Secured Parties, being Nordic Trustee & Agency AB (publ) on the First Issue Date.

Security Agent means Wilmington Trust (London) Limited, as security agent under the Intercreditor Agreement.

Security Agent means (i) the Original Security Agent or (ii) any new agent replacing the Original Security Agent as security agent in accordance with the relevant clause in the Intercreditor Agreement.

Security Agent means Wilmington Trust (London) Limited as security agent of the Secured Parties.

Security Agent means (i) unless the Intercreditor Agreement has been entered into, the Agent as security agent or another party replacing it as Security Agent, in accordance with these Terms and Conditions, and (ii) if the Intercreditor Agreement has been entered into, the security agent appointed by the Secured Parties pursuant to the Intercreditor Agreement, holding the Transaction Security on behalf of the Secured Parties.

Security Agent means Nordic Trustee & Agency AB (publ), Swedish Reg. No. 556882- 1879, or another party replacing it, as Security Agent, in accordance with the Intercreditor Agreement.

Security Agent means, initially, Intertrust (Sweden) AB, appointed by the Secured Parties pursuant to the Intercreditor Agreement, holding the Transaction Security on behalf of the Secured Parties.