Common use of Pursuant to the Security Clause in Contracts

Pursuant to the Security. Trust Deeds, the Collateral Agent hereby appoints the Delegate to act as trustee with respect to this Assignment and to have such rights, powers and duties as the Collateral Agent has or may have pursuant to the terms of the Security Trust Deeds including without limitation, the right to be indemnified under Clause 5.1 (Credit Parties’ Indemnity to Collateral Agent) of the Security Trust Deeds. The Delegate hereby accepts such appointment and agrees that it shall exercise all such rights, powers and duties in accordance with the instructions of the Collateral Agent, or in the absence of such instructions, in such manner as it shall reasonably determine acting in good faith and if the Collateral Agent so requires, shall appoint the Collateral Agent to exercise all and any of such rights, powers and duties in its name and on its behalf.