SECURITY TRUSTEE. The Security Trustee shall have no responsibility for any of the obligations of the Master Issuer or any other party to this Agreement (other than itself). For the avoidance of doubt, the parties to this Agreement acknowledge that the rights, protections and obligations of the Security Trustee under this Agreement are governed by the Funding Deed of Charge.
SECURITY TRUSTEE. 30.1 If there is any change in the identity of the Security Trustee or any additional Security Trustee is appointed in accordance with the Deed of Charge, the parties to this Agreement shall execute such documents and take such action as such successor or additional Security Trustee and the outgoing Security Trustee may reasonably require for the purpose of vesting in such successor or additional Security Trustee the rights and obligations of the outgoing Security Trustee under this Agreement and releasing the outgoing Security Trustee from any future obligations under this Agreement.
SECURITY TRUSTEE. The Pledgor acknowledges that The Law Debenture Trust Corporation p.l.c., as Security Trustee, is appointed as "mandatario con rappresentanza" under Clause 6.5 (Declaration of Trust and Appointment as Administrator (Italy)) of the Security Trust and Intercreditor Deed.
SECURITY TRUSTEE. The Security Trustee shall be afforded all of the rights, protections, immunities and indemnities set forth in the Security Trust Agreement as if such rights, protections, immunities and indemnities were specifically set forth herein.
SECURITY TRUSTEE. SIGNED by)/s/ Xxxxxxx Xxxxxxxx duly authorised )Xxxxxxx Xxxxxxxx for and on behalf of) HSBC CORPORATE TRUSTEE) COMPANY (UK) LIMITED)
SECURITY TRUSTEE. 22.1 Upon receipt of a notice from the Security Trustee, the Servicer shall be required to act thereafter as the Servicer of the Security Trustee in relation to payments to be made by or on behalf of the Security Trustee under the provisions of the Trust Deed, mutatis mutandis, on the terms provided in this Agreement (save that the Security Trustee's liability under any provision hereof for the indemnification of the Servicer shall be limited to the amount for the time being received or recovered by the Security Trustee under the Pledge Agreements subject to the priorities of payments set forth in Clauses 13 and 14 of the Trust Deed) and acting as such the Servicer shall have due regard to the interests of the Secured Parties.
SECURITY TRUSTEE. The Lenders in their capacities as Lenders and the counterparties (other than any Borrower or any Guarantor) to any agreement the obligations under which constitute Secured Cash Management Obligations or Secured Hedging Obligations in their capacities as such (the “Secured Counterparties”) hereby irrevocably designate and appoint Deutsche Bank AG New York Branch, as security trustee (in such capacity, the “Security Trustee”) to act as specified herein and in the Ship Mortgages and other Loan Documents. Each Lender hereby irrevocably authorizes, each holder of any Note by the acceptance of such Note shall be deemed irrevocably to authorize or to have authorized, as the case may be, and each Secured Counterparty by the entrance into the applicable hedging agreement or agreement to provide cash management services shall be deemed irrevocably to authorize or to have authorized, the Security Trustee to take such action on its behalf under the provisions of this Agreement, the Ship Mortgages, the other Loan Documents and any other instruments and agreements referred to herein or therein and to exercise such powers and to perform such duties hereunder and thereunder as are specifically delegated to or required of the Security Trustee, as the case may be, by the terms hereof and thereof and such other powers as are reasonably incidental thereto. The Security Trustee may perform any of its respective duties hereunder by or through its officers, directors, agents, employees or affiliates. For purposes of the reliance, indemnification and resignation provisions in this Section 9, the term “Administrative Agent” shall be deemed to also refer to the Security Trustee. Each Secured Counterpary, whether or not a party hereto, will be deemed, by its acceptance of the benefits of the Collateral Agreements, the Guarantee Agreement and the other Loan Documents, to have agreed to the provisions of this Section 9.12 and the other provisions of the Loan Documents applicable thereto.
SECURITY TRUSTEE. EXECUTED as a DEED by an authorised ) signatory for and on behalf of ) THE BANK OF NEW YORK ) Authorised signatory
SECURITY TRUSTEE. 1.5.1 The Security Agent hereby accepts its appointment as security trustee by the Secured Parties under the Credit Agreement and declares (and the Chargor hereby acknowledges) that the Trust Property is held by the Security Agent as a security trustee for and on behalf of the Secured Parties on the basis of the duties, obligations and responsibilities set out in the Credit Agreement.
