The Security Agent may Sample Clauses
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The Security Agent may. (a) assign all or any of its rights under this Agreement; and
(b) transfer all or any of its obligations (if any) under this Agreement, to any successor Security Agent in accordance with the provisions of the Deed of Appointment and Priority, provided that it is acknowledged that such assignment or transfer shall not in any way prejudice the priority of the security constituted by this Agreement (which shall be assigned to such successor Security Agent pursuant to the terms of the Deed of Appointment and Priority). Upon such assignment and transfer taking effect, the successor Security Agent shall be and be deemed to be acting as agent for the Secured Parties for the purposes of this Agreement and in place of the former Security Agent.
The Security Agent may agree to modifications without the Noteholders’ prior consent
The Security Agent may. (a) carry on any business with any Obligor or its related entities (including acting as an agent or a trustee for any other financing); and
(b) retain any profits or remuneration it receives under the Senior Finance Documents, the Bridge Finance Documents or the Notes Finance Documents or in relation to any other business it carries on with any Obligor or its related entities.
The Security Agent may. (a) employ and pay an agent selected by it to transact or conduct any business and to do all acts required to be done by it (including the receipt and payment of money);
(b) delegate to any person on any terms (including power to sub-delegate) all or any of its functions; and
(c) with the prior consent of the Instructing Creditor, appoint, on such terms as it may determine, or remove, any person to act either as separate or joint security agent with those rights and obligations vested in the Security Agent by this Agreement or any Transaction Security Document.
The Security Agent may. (a) employ and pay an agent selected by it to transact or conduct any business and to do all acts required to be done by it (including the receipt and payment of money);
(b) delegate to any person on any terms (including power to sub-delegate) all or any of its functions; and
(c) with the prior consent of the Senior Agent under the Senior Facility Agreement (if before the Senior Discharge Date) and the Instructing Second Lien Agent (if before the Interim Facility Discharge Date) and the High Yield Notes Trustee (if before the High Yield Notes Discharge Date), appoint, on such terms as it may determine, or remove, any person to act either as separate or joint security trustee or agent with those rights and obligations vested in the Security Agent by this Agreement or any Security Document.
The Security Agent may. (a) deposit all or any part of the monies received by it or any Receiver in one or more non-interest bearing suspense accounts in its name, to be held in such account or accounts for so long as the Security Agent determines to be appropriate; and
(b) set aside by way of reserve in any such account or accounts such amounts as the Security Agent determines to be appropriate to discharge assessments to Tax and to pay amounts which it considers will or may become payable in connection with the performance of its obligations.