Appointment of the Facility Agent and Security Trustee. The terms and basis on which the Facility Agent and the Security Trustee have been appointed by the Lenders and the other Creditors as facility agent and by the Lenders and the other Combined Creditors as security agent and trustee respectively are set out in the Agency Agreement including, among other things, the manner in which any decision to exercise any right, powers, discretion or authority or to carry out any duty are to be made between the Creditors or the Combined Creditors (as the case may be). Accordingly, in exercising its respective rights or carrying out any duties under this Agreement, the Facility Agent and the Security Trustee shall respectively be entitled to the benefit of all protections and provisions expressed to be created in its favour pursuant to the Agency Agreement.
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Samples: Restructuring Agreement (Danaos Corp), Agreement (Danaos Corp), Agreement (Danaos Corp)
Appointment of the Facility Agent and Security Trustee. The terms and basis on which the Facility Agent and the Security Trustee have been appointed by the Lenders and the other Creditors as facility agent and by the Lenders and the other Combined Creditors as security agent and trustee respectively are set out in the Agency Agreement including, among other things, the manner in which any decision to exercise any right, powers, discretion or authority or to carry out any duty are to be made between the Creditors or the Combined Creditors (as the case may be). Accordingly, in exercising its their respective rights or carrying out any their respective duties under this Agreement, the Facility Agent and the Security Trustee shall respectively be entitled to the benefit of all protections and provisions expressed to be created in its favour pursuant to the this Agency Agreement.. 18 Notices and other matters Communications in writing
Appears in 1 contract
Appointment of the Facility Agent and Security Trustee. The terms and basis on which the Facility Agent and the Security Trustee have been appointed by the Lenders and the other Creditors as facility agent and by the Lenders and the other Combined Creditors as security agent and trustee respectively are set out in the Agency Agreement including, among other things, the manner in which any decision to exercise any right, powers, discretion or authority or to carry out any duty are to be made between the Creditors or the Combined Creditors (as the case may be). Accordingly, in exercising its their respective rights or carrying out any their respective duties under this Agreement, the Facility Agent and the Security Trustee shall respectively be entitled to the benefit of all protections and provisions expressed to be created in its their favour pursuant to the Agency Agreement.
Appears in 1 contract
Samples: Danaos Corp