Common use of Additional Security Agents Clause in Contracts

Additional Security Agents. 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: (a) if it considers that appointment to be in the interests of the Secured Parties; or (b) for the purposes of conforming to any legal requirement, restriction or condition which the Security Agent deems to be relevant; or (c) for obtaining or enforcing any judgment in any jurisdiction, and the Security Agent shall give prior notice to the Company and the Participants of that appointment. 7.24.2 Any person so appointed shall have the rights, powers, authorities and discretions (not exceeding those given to the Security Agent under or in connection with the Transaction Documents) and the duties, obligations and responsibilities that are given or imposed by the instrument of appointment. 7.24.3 The remuneration that the Security Agent may pay to that person, and any 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 this Agreement, be treated as actual costs and expenses incurred by the Security Agent.

Additional Security Agents. 7.24.1 (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 (ai) if it considers that appointment to be in the interests of the Secured Parties; or Parties or (bii) for the purposes of conforming to any legal requirementrequirements, restriction restrictions or condition conditions which the Security Agent deems to be relevant; or relevant or (ciii) for obtaining or enforcing any judgment in any jurisdiction, and the Security Agent shall give prior notice to the Company Secured Parties and the Participants Chargors of that appointment. 7.24.2 (b) Any person so appointed shall have the rights, powers, authorities powers and discretions (not exceeding those given to conferred on the Security Agent under or in connection with by the Transaction Finance Documents) and the duties, duties and obligations and responsibilities that are given conferred or imposed by the instrument of appointment. 7.24.3 (c) The remuneration that the Security Agent may pay to that person, and any actual 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 this Agreementthe Finance Documents, be treated as actual costs and expenses incurred by the Security Agent.

Additional Security Agents. 7.24.1 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: (a) if it considers that appointment to be in the interests of the Secured Finance Parties; or; (b) for the purposes of conforming to any legal requirement, restriction or condition which the Security Agent deems to be relevant; or (c) for obtaining or enforcing any judgment in any jurisdiction, and the Security Agent shall give prior notice to the Company Borrower and the Participants other Finance Parties of that appointment. 7.24.2 25.13.2 Any person so appointed shall have the rights, powers, authorities and discretions (not exceeding those given to the Security Agent under or in connection with the Transaction Finance Documents) and the duties, obligations and responsibilities that are given or imposed by the instrument of appointment. 7.24.3 25.13.3 The remuneration that the Security Agent may pay to that person, and any actual 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 this Agreement, be treated as actual costs and expenses incurred by the Security Agent.