Common use of Role of the Security Trustee Clause in Contracts

Role of the Security Trustee. (a) The Security Trustee has agreed to become a party to this Agreement only for the purpose of taking the benefit of contractual provisions expressed to be given in its favour, enabling better preservation and enforcement of its rights under this Agreement and the Deed of Charge and for administrative ease associated with matters where its consent is required. The Security Trustee shall not assume any liabilities or obligations under this Agreement.

Appears in 9 contracts

Samples: Management Agreement, Management Agreement, Management Agreement

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Role of the Security Trustee. (a) The Security Trustee has agreed to become a party to this Agreement only for the purpose of taking the benefit of contractual provisions expressed to be given in its favour, enabling better preservation and enforcement of its rights under this Agreement and Agreement, the Deed of Charge and the Issuer Accounts Pledge Agreement and for administrative ease associated with matters where its consent is required. The Security Trustee shall not assume any liabilities or obligations under this Agreement unless such obligation or liability is expressly assumed by the Security Trustee in this Agreement.

Appears in 2 contracts

Samples: Cash Management Agreement, Version Liquidity Facility Agreement

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Role of the Security Trustee. (a) The Security Trustee has agreed to become a party to this Agreement only for the purpose of taking the benefit of contractual provisions expressed to be given in its favour, enabling better preservation and enforcement of its rights under this Agreement Agreement, the Conditions and the Principal Trust Deed of Charge and for administrative ease associated with matters where its consent is required. The Security Trustee shall not assume any liabilities liabilities, duties or obligations under this Agreement unless such obligation, duty or liability is expressly assumed by the Security Trustee in this Agreement.

Appears in 1 contract

Samples: Custody Agreement

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