Common use of Co-security Agent Clause in Contracts

Co-security Agent. (a) The Security Agent may appoint a separate security agent or a co-security agent in any jurisdiction: (i) if the Security Agent reasonably considers that without the appointment the interests of the Lenders under the Finance Documents might be materially and adversely affected; (ii) for the purpose of complying with any law, regulation or other condition in any jurisdiction; or (iii) for the purpose of obtaining or enforcing a judgment or enforcing any Finance Document in any jurisdiction. (b) Any appointment under this Clause will only be effective if the security agent or co-security agent confirms to the Security Agent and the Borrower in form and substance satisfactory to the Security Agent that it is bound by the terms of this Agreement as if it were the Security Agent. (c) The Security Agent may remove any security agent or co-security agent appointed by it and may appoint a new security agent or co-security agent in its place. (d) The Borrower must pay to the Security Agent any reasonable remuneration paid by the Security Agent to any security agent or co-security agent appointed by it, together with any related costs and expenses properly incurred by the security agent or co-security agent.

Co-security Agent. (a) The Security Agent may appoint a separate security agent or a co-security agent in any jurisdictionjurisdiction outside England and Wales: (i) if the Security Agent reasonably considers that without the appointment the interests of the Lenders under the Finance Documents might be materially and adversely affected; (ii) for the purpose of complying with any law, regulation or other condition in any jurisdiction; or (iii) for the purpose of obtaining or enforcing a judgment or enforcing any Finance Document in any jurisdiction. (b) Any appointment under this Clause Subclause will only be effective if the security agent or co-security agent confirms to the Security Agent and the Borrower Company in form and substance satisfactory to the Security Agent that it is bound by the terms of this Agreement as if it were the Security Agent. (c) The Security Agent may remove any security agent or co-security agent appointed by it and may appoint a new security agent or co-security agent in its place. (d) The Borrower Company must pay to the Security Agent any reasonable remuneration paid by the Security Agent to any security agent or co-security agent appointed by it, together with any related costs and expenses properly incurred by the security agent or co-security agent.

Co-security Agent. (a) The Security Facility Agent may appoint a separate security agent or a co-security agent in any jurisdiction: (i) if the Security Facility Agent reasonably considers that without the appointment the interests of the Lenders under the Finance Documents might be materially and adversely affected; (ii) for the purpose of complying with any law, regulation or other condition in any jurisdiction; or (iii) for the purpose of obtaining or enforcing a judgment or enforcing any Finance Document in any jurisdiction. (b) Any appointment under this Clause Subclause will only be effective if the security agent or co-security agent confirms to the Security Facility Agent and the Borrower Company in form and substance satisfactory to the Security Facility Agent that it is bound by the terms of this Agreement as if it were the Security Facility Agent. (c) The Security Facility Agent may remove any security agent or co-security agent appointed by it and may appoint a new security agent or co-security agent in its place. (d) The Borrower Company must pay to the Security Facility Agent any reasonable remuneration paid by the Security Facility Agent to any security agent or co-security agent appointed by it, together with any related costs and expenses properly incurred by the security agent or co-security agent.

Co-security Agent. (a) The Security Facility Agent may appoint a separate security agent or a co-security agent in any jurisdictionagent: (i) if the Security Facility Agent reasonably considers that without the appointment the interests of the Lenders under the Finance Documents might be materially and adversely affected; (ii) for the purpose of complying with any law, regulation or other condition in any jurisdiction; or (iii) for the purpose of obtaining or enforcing a judgment or enforcing any Finance Document in any jurisdiction. (b) Any appointment under this Clause Subclause will only be effective if the security agent or co-security agent confirms to the Security Facility Agent and the Borrower Company in form and substance satisfactory to the Security Facility Agent that it is bound by the terms of this Agreement as if it were the Security Facility Agent. (c) The Security Facility Agent may remove any security agent or co-security agent appointed by it and may appoint a new security agent or co-security agent in its place. (d) The Borrower Company must pay to the Security Facility Agent any reasonable remuneration paid by the Security Facility Agent to any security agent or co-security agent appointed by it, together with any related costs and expenses properly incurred by the security agent or co-security agent.

Co-security Agent. (a) The Security Agent may appoint a separate security agent or a co-security agent in any jurisdictionjurisdiction outside Hong Kong: (i) if the Security Agent reasonably considers that without the appointment the interests of the Lenders Finance Parties under the Finance Documents might be materially and adversely affected; (ii) for the purpose of complying with any law, regulation or other condition in any jurisdiction; or (iii) for the purpose of obtaining or enforcing a judgment or enforcing any Finance Document in any jurisdiction. (b) Any appointment under this Clause Subclause will only be effective if the separate security agent or co-security agent confirms to the Security Agent and the Borrower Company in form and substance satisfactory to the Security Agent that it is bound by the terms of this Agreement as if it were the Security Agent. (c) The Security Agent may remove any separate security agent or co-security agent appointed by it and may appoint a new security agent or co-security agent in its place. (d) The Borrower Company must pay to the Security Agent any reasonable remuneration paid by the Security Agent to any separate security agent or co-security agent appointed by it, together with any related reasonable costs and expenses properly incurred by the separate security agent or co-security agent.