Common use of The Security Trustee Clause in Contracts

The Security Trustee. 14.1 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 Security Trustee or additional Security Trustee and the outgoing Security Trustee may reasonably require for the purpose of vesting in such successor Security Trustee or additional Security Trustee the rights and powers of the outgoing Security Trustee under this Agreement and releasing the outgoing Security Trustee from any future obligations under this Agreement.

The Security Trustee. 14.1 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 exec ute suc h documents and take such action as such successor Security Trustee or additional Security Sec urity Trustee and the outgoing Security Trustee may reasonably require for the purpose of vesting in such successor Security Trustee or additional Security Trustee the rights and powers of the outgoing Security Trustee under this Agreement and releasing the outgoing Security Trustee from any future obligations under this Agreement.