Common use of Appointment of Security Trustee Clause in Contracts

Appointment of Security Trustee. Each of the Lenders irrevocably appoints the Security Trustee as security trustee on their respective behalf with regard to the (i) security, powers, rights, titles, benefits and interests (both present and future) constituted by and conferred on the Lenders or any of them or for the benefit thereof under or pursuant to this Agreement, the Note or any Security Documents (including, without limitation, the benefit of all covenants, undertakings, representations, warranties and obligations given, made or undertaken to any Lender in this Agreement, the Notes or any Security Document), (ii) all moneys, property and other assets paid or transferred to or vested in any Lender or any agent of any Lender or received or recovered by any Lender or any agent of any Lender pursuant to, or in connection with, this Agreement, the Notes or the Security Documents whether from the Borrower or any other Person and (iii) all money, investments, property and other assets at any time representing or deriving from any of the foregoing, including all interest, income and other sums at any time received or receivable by any Lender or any agent of any Lender in respect of the same (or any part thereof). The Security Trustee hereby accepts such appointment.

Appears in 1 contract

Samples: Term Loan and Credit Facility Agreement (Noble Corp / Switzerland)

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Appointment of Security Trustee. Each of the Lenders irrevocably appoints the Security Trustee as security trustee on their respective its behalf with regard to the (i) the security, powers, rights, titles, benefits and interests (both present and future) constituted by and conferred on the Lenders or any of them or for the benefit thereof under or pursuant to this Agreement, the Note or any of the Security Documents (including, without limitation, the benefit of all covenants, undertakings, representations, warranties and obligations given, made or undertaken to any Lender in this the Agreement, the Notes Note or any Security Document), (ii) all moneys, property and other assets paid or transferred to or vested in any Lender or any agent of any Lender or received or recovered by any Lender or any agent of any Lender pursuant to, or in connection with, this Agreement, the Notes Note or the Security Documents whether from the Borrower any Security Party or any other Person person and (iii) all money, investments, property and other assets at any time representing or deriving from any of the foregoing, including all interest, income and other sums at any time received or receivable by any Lender or any agent of any Lender in respect of the same (or any part thereof). The Security Trustee hereby accepts such appointment.

Appears in 1 contract

Samples: Credit Agreement (NRG Generating U S Inc)

Appointment of Security Trustee. Each of the Lenders Banks irrevocably appoints the Security Trustee as security trustee on their respective behalf with regard to the (i) security, powers, rights, titles, benefits and interests (both present and future) constituted by and conferred on the Lenders Banks or any of them or for the benefit thereof under or pursuant to this Agreement, the Note Amended Letter of Credit or any Security Documents (including, without limitation, the benefit of all covenants, undertakings, representations, warranties and obligations given, made or undertaken to any Lender Bank in this Agreement, the Notes Agreement or any Security Document), (ii) all moneys, property and other assets paid or transferred to or vested in any Lender Bank or any agent of any Lender Bank or received or recovered by any Lender Bank or any agent of any Lender Bank pursuant to, or in connection with, this Agreement, the Notes Agreement or the Security Documents whether from any Obligor or the Borrower Guarantor or any other Person and (iii) all money, investments, property and other assets at any time representing or deriving from any of the foregoing, including all interest, income and other sums at any time received or receivable by any Lender Bank or any agent of any Lender Bank in respect of the same (or any part thereof). The Security Trustee hereby accepts such appointment.

Appears in 1 contract

Samples: Reimbursement Agreement (Teekay Shipping Corp)

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Appointment of Security Trustee. Each of the Lenders Banks irrevocably appoints the Security Trustee as security trustee on their respective behalf with regard to the (i) security, powers, rights, titles, benefits and interests (both present and future) constituted by and conferred on the Lenders Banks or any of them or for the benefit thereof under or pursuant to this Agreement, the Note Agreement or any Security Documents (including, without limitation, the benefit of all covenants, undertakings, representations, warranties and obligations given, made or undertaken to any Lender Bank in this Agreement, the Notes Agreement or any Security Document), (ii) all moneys, property and other assets paid or transferred to or vested in any Lender Bank or any agent of any Lender Bank or received or recovered by any Lender Bank or any agent of any Lender Bank pursuant to, or in connection with, this Agreement, the Notes Agreement or the Security Documents whether from any Obligor or the Borrower Guarantor or any other Person and (iii) all money, investments, property and other assets at any time representing or deriving from any of the foregoing, including all interest, income and other sums at any time received or receivable by any Lender Bank or any agent of any Lender Bank in respect of the same (or any part thereof). The Security Trustee hereby accepts such appointment.

Appears in 1 contract

Samples: Deposit Agreement (Teekay Shipping Corp)

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