Change of Security Agent. The Security Agent may assign and transfer all ------------------------ of its rights to the Security Assets and all of its rights and obligations under this Deed to a replacement Security Agent appointed in accordance with this Deed and, when such assignment and transfer takes effect, the replacement Security Agent shall be for all purposes acting as agent and trustee in accordance with the trusts in this Deed.
Appears in 2 contracts
Samples: Facility Agreement (Hawker Pacific Aerospace), Security Agreement (Hawker Pacific Aerospace)
Change of Security Agent. The Security Agent may assign and transfer all ------------------------ of its rights to the Security Charged Assets and all of its rights and obligations under this Deed to a replacement Security Agent appointed in accordance with this Deed and, when such assignment and transfer takes effect, the replacement Security Agent shall be for all purposes acting as agent and trustee in accordance with the trusts in this Deed.
Appears in 1 contract
Change of Security Agent. The Security Agent may assign and transfer ------------------------ all ------------------------ of its rights to the Security Charged Assets and all of its rights and obligations under this Deed to a replacement Security Agent appointed in accordance with this Deed and, when such assignment and transfer takes effect, the replacement Security Agent shall be for all purposes acting as agent and trustee in accordance with the trusts in this Deed.
Appears in 1 contract
