Common use of Additional Powers Clause in Contracts

Additional Powers. The Security Trustee shall have the power to insure against any liabilities or obligations arising: (a) as a result of the Security Trustee acting or failing to act in a certain way (other than which may arise from its negligence or wilful default or that of its officers or employees); (b) as a result of any act or failure to act by any person or persons to whom the Security Trustee has delegated any of its trusts, rights, powers, duties, authorities or discretions, or appointed as its agent (other than which may arise from such person's negligence or wilful default); (c) in connection with the Funding Charged Property; or (d) in connection with or arising from the enforcement of the security created by this Deed. The Security Trustee shall not be under any obligation to insure in respect of such liabilities and/or obligations or require any other persons to maintain insurance, but to the extent that it does so, Funding shall quarterly and on written request pay all insurance premiums and expenses which the Security Trustee may properly incur in relation to such insurance. If Funding fails to reimburse the Security Trustee, the Security Trustee shall be entitled to be indemnified out of the Funding Charged Property in respect thereof, and in the case of an Intercompany Loan Enforcement Notice having been served, the indemnification of all such insurance premiums and expenses shall be payable in priority to payments to the Funding Secured Creditors and otherwise in accordance with this Deed.

Additional Powers. The Security Trustee shall have the power to insure against any liabilities or obligations arising: (a) as a result of the Security Trustee acting or failing to act in a certain way (other than which may arise from its negligence or wilful default or that of its officers or employees); (b) as a result of any act or failure to act by any person or persons to whom the Security Trustee has delegated any of its trusts, rights, powers, duties, authorities or discretions, or appointed as its agent (other than which may arise from such person's negligence or wilful default); (c) in connection with the Funding Fourth Issuer Charged Property; or (d) in connection with or arising from the enforcement of the security created by this Deed. The Security Trustee shall not be under any obligation to insure in respect of such liabilities and/or obligations or to require any other persons person to maintain insurance, but to the extent that it does so, Funding the Fourth Issuer shall quarterly and on written request pay all insurance premiums and expenses which the Security Trustee may properly incur in relation to such insurance. If Funding the Fourth Issuer fails to pay such premiums or expenses or to reimburse the Security TrusteeTrustee therefor, the Security Trustee shall be entitled to be indemnified out of the Funding Fourth Issuer Charged Property in respect thereofthereof and, and in the case of an Intercompany Loan Enforcement a Fourth Issuer Note Acceleration Notice having been served, the indemnification of the Security Trustee in respect of all such insurance premiums and expenses shall be payable in priority to payments to the Funding Fourth Issuer Noteholders and all other Fourth Issuer Secured Creditors and otherwise in accordance with this Deed.

Additional Powers. The Security Trustee shall have the power to insure against any liabilities or obligations arising: (a) as a result of the Security Trustee acting or failing to act in a certain way (other than which may arise from its negligence or wilful default or that as provided in Clause 17 of its officers or employeesthe Bond Trust Deed); (b) as a result of any act or failure to act by the Receiver or any person or persons to whom the Security Trustee has delegated any of its trusts, rights, powers, duties, authorities or discretions, or appointed as its agent (other than which may arise from such person's negligence or wilful default)agent; (c) in connection with the Funding Charged Property; or (d) in connection with or arising from the enforcement of the security created by this DeedSecurity. The Security Trustee shall not be under any obligation to insure in respect of such liabilities and/or obligations or require any other persons to maintain insuranceobligations, but to the extent that it does so, Funding the Issuer shall quarterly and on written request pay all insurance premiums and expenses which the Security Trustee may properly incur in relation to such insurance. If Funding the Issuer fails to reimburse the Security Trustee, the Security Trustee shall be entitled to be indemnified out of the Funding Charged Property in respect thereof, and in the case of an Intercompany Loan a Bond Enforcement Notice having been served, the indemnification of all such insurance premiums and expenses shall be payable in priority to payments to the Funding Bondholders and all other Secured Creditors and otherwise in accordance with this Deed.

Additional Powers. The Security Trustee shall have the power to insure against any liabilities or obligations arising: (a) as a result of the Security Trustee acting or failing to act in a certain way (other than which may arise from its negligence or wilful default or that of its officers or employees); (b) as a result of any act or failure to act by any person or persons to whom the Security Trustee has delegated any of its trusts, rights, powers, duties, authorities or discretions, or appointed as its agent (other than which may arise from such person's negligence or wilful default); (c) in connection with the Funding Seventh Issuer Charged Property; or (d) in connection with or arising from the enforcement of the security created by this Deed. The Security Trustee shall not be under any obligation to insure in respect of such liabilities and/or obligations or to require any other persons person to maintain insurance, but to the extent that it does so, Funding the Seventh Issuer shall quarterly and on written request pay all insurance premiums and expenses which the Security Trustee may properly incur in relation to such insurance. If Funding the Seventh Issuer fails to pay such premiums or expenses or to reimburse the Security TrusteeTrustee therefor, the Security Trustee shall be entitled to be indemnified out of the Funding Seventh Issuer Charged Property in respect thereofthereof and, and in the case of an Intercompany Loan Enforcement a Seventh Issuer Note Acceleration Notice having been served, the indemnification of the Security Trustee in respect of all such insurance premiums and expenses shall be payable in priority to payments to the Funding Seventh Issuer Noteholders and all other Seventh Issuer Secured Creditors and otherwise in accordance with this Deed.

Additional Powers. The Security Trustee shall have the power to insure against any liabilities or obligations arising: (a) as a result of the Security Trustee acting or failing to act in a certain way (other than which may arise from its negligence or wilful default or that of its officers or employees); (b) as a result of any act or failure to act by any person or persons to whom the Security Trustee has delegated any of its trusts, rights, powers, duties, authorities or discretions, or appointed as its agent (other than which may arise from such person's negligence or wilful default); (c) in connection with the Funding 2 Charged Property; or (d) in connection with or arising from the enforcement of the security created by this Deed. The Security Trustee shall not be under any obligation to insure in respect of such liabilities and/or obligations or require any other persons to maintain insurance, but to the extent that it does so, Funding 2 shall quarterly and on written request pay all insurance premiums and expenses which the Security Trustee may properly incur in relation to such insurance. If Funding 2 fails to pay such premiums or expenses or to reimburse the Security TrusteeTrustee therefor, the Security Trustee shall be entitled to be indemnified out of the Funding 2 Charged Property in respect thereof, and in the case of an a Master Intercompany Loan Enforcement Acceleration Notice having been served, the indemnification of the Security Trustee in respect of all such insurance premiums and expenses shall be payable in priority to payments to the Funding 2 Secured Creditors and otherwise in accordance with this Deed.