Common use of Security Trustee Provisions Clause in Contracts

Security Trustee Provisions. The Security Trustee executes this Agreement as security trustee in the exercise of the powers and authority conferred and vested in it under the STID and any other Finance Document for and on behalf of the Secured Creditors for whom it acts. It will exercise its powers and authorities under this Agreement in the manner provided for in the STID and, in so acting, the Security Trustee shall have the protections, immunities, rights, powers, authorisations, indemnities and benefits conferred on it under and by the STID and the other Finance Documents.