Common use of Additional trustees Clause in Contracts

Additional trustees. 61.4.1 The Security Trustee may, upon giving prior notice to the other Secured Creditors, appoint any person established or resident in any jurisdiction (whether a trust corporation or not) to act either as a separate trustee or as a co-trustee jointly with the Security Trustee if the Security Trustee considers such appointment to be in the interests of the Secured Creditors. 61.4.2 Any such additional trustee shall have such trusts, powers, obligations, authorities and discretions (not exceeding those conferred on the Security Trustee by the Finance Documents) and remuneration as shall be conferred or imposed by the instrument of appointment. The Security Trustee shall have power in like manner to remove any such person. The Company shall indemnify such additional trustee as though it were the Security Trustee in accordance with Clause 61.5 (Remuneration and indemnity). The Security Trustee shall not be under any obligation to supervise the proceedings or acts of any such delegate or sub-delegate or be in any way responsible for any liability incurred by reason of any misconduct or default on the part of any such delegate or sub-delegate.

Additional trustees. 61.4.1 (a) The Security Trustee Agent may, upon giving prior notice to the other Secured CreditorsParties, appoint any person established or resident in any jurisdiction (whether a trust corporation or not) to act either as a separate trustee or as a co-trustee jointly with the Security Trustee Agent if the Security Trustee Agent considers such appointment to be in the interests of the Secured CreditorsParties. 61.4.2 (b) Any such additional trustee shall have such trusts, powers, obligations, authorities and discretions (not exceeding those conferred on the Security Trustee Agent by the Finance Documents) and remuneration as shall be conferred or imposed by the instrument of appointment. The Security Trustee Agent shall have power in like manner to remove any such person. The Company Obligors shall indemnify such additional trustee as though it were the Security Trustee Agent in accordance with Clause 61.5 30.10 (Remuneration and indemnityIndemnity). The Security Trustee Agent shall not be under any obligation to supervise the proceedings or acts of any such delegate or sub-delegate or be in any way responsible for any liability incurred by reason of any misconduct or default on the part of any such delegate or sub-delegate.

Additional trustees. 61.4.1 32.16.1 The Security Trustee Agent may, upon giving prior notice to the other Secured CreditorsParties, appoint any person established or resident in any jurisdiction (whether a trust corporation or not) to act either as a separate trustee or as a co-trustee jointly with the Security Trustee Agent if the Security Trustee Agent considers such appointment to be in the interests of the Secured CreditorsParties. 61.4.2 32.16.2 Any such additional trustee shall have such trusts, powers, obligations, authorities and discretions (not exceeding those conferred on the Security Trustee Agent by the Finance Documents) and remuneration as shall be conferred or imposed by the instrument of appointment. The Security Trustee Agent shall have power in like manner to remove any such person. The Company Obligors shall indemnify such additional trustee as though it were the Security Trustee Agent in accordance with Clause 61.5 32.10 (Remuneration and indemnityIndemnity). The Security Trustee Agent shall not be under any obligation to supervise the proceedings or acts of any such delegate or sub-delegate or be in any way responsible for any liability incurred by reason of any misconduct or default on the part of any such delegate or sub-delegate.