Other Security Arrangements. The Company at its discretion may deem appropriate, from time to time, other forms of security other than a Performance Bond with an Approved Credit Rating. Alternative arrangements will be considered where:
Other Security Arrangements. Custody Deed The Custody Deed is a deed poll entered into before the Commencement Date in favour of the Issuer and each Investor. Under the Custody Deed, the Custodian holds each Unit (and any Final Coupon, Delivery Parcel or Sale Monies in relation to each Unit) on a separate trust (an “Investor Trust”) for that Investor. Where the Agency Sale Option is used, the Investor Trust is the trust under which the Custodian (or its nominee) will hold the Delivery Parcel delivered to the Custodian (or its nominee) by the Issuer and the Sale Monies on trust for each Investor. Each Investor Trust is a separate trust for each Unit and is separate from the trust on which the Custodian holds each other Unit (and the Custodian (or its nominee) holds any Delivery Parcel, or Sale Monies in relation to each Unit). Each Investor Trust is subject to the Investor Security Deed and is for the personal benefit of the relevant Investor. The Custodian is only required to act, or not act, on proper instructions received from the Issuer and, in certain circumstances an Investor (“Proper Instructions”). The Custodian has no responsibility or liability for acting, or not acting, in accordance with Proper Instructions. If the Custodian receives a Proper Instruction from the Issuer to deal with any Unit (or Delivery Parcel or Sale Monies in relation to that Unit) held under the Investor Trust, the Custodian must act in accordance with Proper Instructions unless, amongst other things, the Custodian considers that they conflict with the Transaction Documents, any applicable law or regulation or local market practice. The Custodian has no liability under the Custody Deed to any person (including Investors) for any loss suffered as a result of any act or omission of the Custodian or any other person or any loss in connection with any Transaction Document or an Investor Trust, other than to the extent to which it is entitled to and does actually obtain an indemnity from the assets of the relevant Investor Trust. The Custody Deed may be amended, however, that amendment will not affect the terms of any subsisting Investor Trust unless the Investor first consents to it or if, in the opinion of the Custodian, the amendment is to correct a manifest error or the amendment will not materially prejudice the Investor of the relevant Investor Trust or is made to comply with applicable law. An Investor Trust terminates upon the Custodian ceasing to hold any property on the terms of that Investor Trust...
Other Security Arrangements. The Parties agree that other than the Lessee Credit Support and the Owner Credit Support no further security, guarantees or credit covenants (including, in the case of Lessee, any security over the LNG or the LNG proceeds) shall be offered by any Party to the others, unless as may subsequently be agreed by the Parties.
