Assignment by Security Trustee Clause Samples
The 'Assignment by Security Trustee' clause authorizes the security trustee to transfer its rights, interests, or obligations under the agreement to another party. In practice, this means that if the security trustee is replaced or needs to delegate its responsibilities, it can assign its role and the associated security interests to a successor or another entity, often without requiring the consent of other parties. This clause ensures continuity in the administration and enforcement of security interests, addressing potential disruptions that could arise if the original trustee is unable or unwilling to continue in its role.
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Assignment by Security Trustee. (a) The Security Trustee may disclose to any actual or proposed assignee or transferee any information in its possession that relates to the Assignor, the Assigned Rights and this deed that the Security Trustee considers appropriate, provided the Security Trustee obliges such proposed assignee or transferee to keep such information confidential.
(b) Clause 15.5 of the Trust Deed shall apply mutatis mutandis to this deed.
Assignment by Security Trustee. 54 29.4 Assignment by Class A-1 Note Trustee..........................54 29.5
Assignment by Security Trustee. The Security Trustee may assign all or any of its rights or benefits under this Deed to any person in favour of whom an assignment has been made in accordance with clause 15.3 of the Facility Agreement and the Shareholder undertakes, immediately on being requested to do so by the Security Trustee and at the cost of the Security Trustee, to enter into such documents as may be necessary or desirable to effect such transfer.
Assignment by Security Trustee. The Security Trustee may assign its rights under and in connection with this Guarantee to the same extent as it may assign its rights under the Loan Agreement.
Assignment by Security Trustee. The Security Trustee will not assign or otherwise transfer all or any part of the benefit of this Deed or any of its rights, duties and obligations under this Deed except to a Substitute Security Trustee which is appointed as a successor security trustee under and in accordance with this Deed.
Assignment by Security Trustee. The Security Trustee may at any time, without the consent of the Chargor, assign or transfer the whole or, as the case may be, any part of the Security Trustee's Rights under this deed to any person to whom the whole or any part of any of the Security Trustee's rights under the Indenture shall be assigned or transferred.
Assignment by Security Trustee. (a) Each party to this deed (other than the Security Trustee) acknowledges and agrees that the Security Trustee may assign its rights and novate or otherwise transfer its obligations under this deed to any replacement security trustee that is appointed under the Security Trust Deed.
(b) Each party to this deed (other than the Security Trustee) agrees that it will enter into a novation deed with any replacement security trustee that is appointed under the Security Trust Deed (in a form acceptable to the Security Trustee and the replacement security trustee).
Assignment by Security Trustee. (a) The Security Trustee may not transfer its rights and obligations under this document to a transferee unless that transferee executes a deed agreeing to be bound by this document in form and substance satisfactory to the Government Parties. The Government Parties, the Treasurer and the Purchasing Parties will also execute that document if necessary for the purposes of giving effect to the transfer.
(b) The Government Parties acknowledge that any change to the composition or entitlements of persons sharing in the Security through the Security Trustee will not require the execution of a deed under clause 7.2(a).