Common use of Additional Security Agents Clause in Contracts

Additional Security Agents. (a) The Security Agent may at any time appoint (and subsequently remove) any person to act as a separate trustee or as a co-trustee jointly with it (i) if it considers that appointment to be in the interests of the Secured Parties or (ii) for the purposes of conforming to any legal requirements, restrictions or conditions which the Security Agent deems to be relevant or (iii) for obtaining or enforcing any judgment in any jurisdiction, and the Security Agent shall give prior notice to the Secured Parties and the Chargors of that appointment. (b) Any person so appointed shall have the rights, powers and discretions (not exceeding those conferred on the Security Agent by the Finance Documents) and the duties and obligations that are conferred or imposed by the instrument of appointment. (c) The remuneration that the Security Agent may pay to that person, and any costs and expenses (together with any applicable VAT) incurred by that person in performing its functions pursuant to that appointment shall, for the purposes of the Finance Documents, be treated as costs and expenses incurred by the Security Agent.

Additional Security Agents. (a) 7.24.1 The Security Agent may at any time appoint (and subsequently remove) any person to act as a separate trustee or as a co-trustee jointly with it it: (ia) if it considers that appointment to be in the interests of the Secured Parties or Parties; or (iib) for the purposes of conforming to any legal requirementsrequirement, restrictions restriction or conditions condition which the Security Agent deems to be relevant or relevant; or (iiic) for obtaining or enforcing any judgment in any jurisdiction, and the Security Agent shall give prior notice to the Secured Parties Company and the Chargors Participants of that appointment. (b) 7.24.2 Any person so appointed shall have the rights, powers powers, authorities and discretions (not exceeding those conferred on given to the Security Agent by under or in connection with the Finance Transaction Documents) and the duties duties, obligations and obligations responsibilities that are conferred given or imposed by the instrument of appointment. (c) 7.24.3 The remuneration that the Security Agent may pay to that person, and any costs actual and expenses (together with any applicable VAT) incurred by that person in performing its functions pursuant to that appointment shall, for the purposes of the Finance Documentsthis Agreement, be treated as actual costs and expenses incurred by the Security Agent.

Additional Security Agents. (a) The 25.13.1 A Security Agent may at any time appoint (and subsequently remove) any person to act as a separate trustee or as a co-trustee jointly with it it: (ia) if it considers that appointment to be in the interests of the Secured Parties or Finance Parties; (iib) for the purposes of conforming to any legal requirementsrequirement, restrictions restriction or conditions condition which the Security Agent deems to be relevant or relevant; or (iiic) for obtaining or enforcing any judgment in any jurisdiction, and the Security Agent shall give prior notice to the Secured Parties Borrower and the Chargors other Finance Parties of that appointment. (b) 25.13.2 Any person so appointed shall have the rights, powers powers, authorities and discretions (not exceeding those conferred on given to the Security Agent by under or in connection with the Finance Documents) and the duties duties, obligations and obligations responsibilities that are conferred given or imposed by the instrument of appointment. (c) 25.13.3 The remuneration that the Security Agent may pay to that person, and any costs and expenses (together with any applicable VAT) incurred by that person in performing its functions pursuant to that appointment shall, for the purposes of the Finance Documentsthis Agreement, be treated as costs and expenses incurred by the Security Agent.

Additional Security Agents. (a) The Security Agent may at any time appoint (and subsequently remove) any person to act as a separate trustee or as a co-trustee jointly with it it: (i) if it considers in its discretion that appointment to be in the interests of the Secured Parties or appropriate; or (ii) for the purposes of conforming to any legal requirementsrequirement, restrictions restriction or conditions condition which the Security Agent deems to be relevant or relevant; or (iii) for obtaining or enforcing any judgment in any jurisdiction, and the Security Agent shall give prior notice to the Company and the Secured Parties and the Chargors of that appointment. (b) Any person so appointed shall have the rights, powers powers, authorities and discretions (not exceeding those conferred on given to the Security Agent by under or in connection with the Finance Documents) and the duties duties, obligations and obligations responsibilities that are conferred given or imposed by the instrument of appointment. (c) The remuneration that the Security Agent may pay to that person, and any costs and expenses (together with any applicable VAT) incurred by that person in performing its functions pursuant to that appointment shall, for the purposes of the Finance Documentsthis Agreement, be treated as costs and expenses incurred by the Security Agent.