Role of the Security Agent. The Security Agent shall not be an agent of (except as expressly provided in any Finance Document) any Finance Party under or in connection with any Finance Document.
Role of the Security Agent. The Security Agent shall hold or as the case may be administer the Security Interests created under the Security Documents to which it is party as agent and security trustee for its own and the Finance Parties’ benefit, shall apply all payments and other benefits received by reason thereof, or otherwise realised thereunder and shall have the rights, duties, remedies and exonerations, in each case as provided in the Security Trust Agreement.
Role of the Security Agent. The Security Agent shall hold the benefit of the Security Documents on trust for itself and the other Finance Parties and will apply all payments and other benefits received by it under the Security Documents in accordance with the provisions of the Intercreditor Deed.
Role of the Security Agent. The Security Agent shall not be an agent or trustee of any Secured Party (save in each case as expressly provided in any Finance Document) or any Obligor or any other person under or in connection with any Finance Document, the Transaction Security or this Agreement.
Role of the Security Agent. The Security Agent shall hold the benefit of the Security Documents as agent and trustee for itself and the Secured Parties, or to the extent required by applicable local law shall hold the benefit of such Security Documents for itself and on behalf of the Secured Parties, to apply all payments and other benefits received by it by reason thereof, or otherwise realised thereunder, in accordance with this Deed.
Role of the Security Agent. Subject to Clause 24.22 (Appointment as Security Agent (Sicherheitentreuhänder)), the Security Agent shall not be an agent of any Finance Party or any Obligor under or in connection with any Senior Finance Document.
Role of the Security Agent. The Security Agent shall, save as otherwise specifically provided in the Canadian Law Security Documents, hold the benefit of the Security as agent and trustee for itself and for and on behalf of the Beneficiaries, or to the extent required by applicable local law shall hold the benefit of such Security Documents for itself and on behalf of the Beneficiaries, in each case, to apply all payments and other benefits received by it by reason thereof, or otherwise realised thereunder, in accordance with this Deed.
Role of the Security Agent. The Security Agent has no obligations of any kind to any other Party in connection with any Finance Document.
Role of the Security Agent. (a) In acting or otherwise exercising its rights or performing its duties under any of the Finance Documents, the Security Agent shall act in accordance with the provisions of this Agreement and the Intercreditor Agreement and shall seek any necessary instruction or direction from the Facility Agent. In so acting, the Security Agent shall have the rights, duties, benefits, obligations, protections, indemnities and immunities set out in this Agreement and the Intercreditor Agreement (the “Security Agent Provisions”) and shall not incur any liability to any Party. For the avoidance of doubt, the Security Agent shall have no duty to monitor the amount of any Loans due to any of the Lenders under this Agreement.
Role of the Security Agent. The provisions set out in clause 28 (Role of the Agent, the Security Agent, the Arranger and the Reference Banks) of the Facility Agreement shall govern the rights, duties and obligations of the Security Agent under this Deed.
