Trust. (a) The Security Agent declares that it holds the Security Property on trust for the Secured Parties on the terms contained in this Agreement and shall deal with the Security Property in accordance with this Clause 30 (The Security Agent) and the other provisions of the Finance Documents. (b) Each other Finance Party authorises the Security Agent to perform the duties, obligations and responsibilities and to exercise the rights, powers, authorities and discretions specifically given to the Security Agent under, or in connection with, the Finance Documents together with any other incidental rights, powers, authorities and discretions.
Appears in 8 contracts
Sources: Facility Agreement (Euroseas Ltd.), Term Loan Facility (Okeanis Eco Tankers Corp.), Facility Agreement (Euroseas Ltd.)
Trust. (a) The Security Agent declares that it holds the Security Property on trust for the Secured Parties on the terms contained in this Agreement and shall deal with the Security Property in accordance with this Clause 30 29 (The Security Agent) and the other provisions of the Finance Documents.
(b) Each other Finance Party authorises the Security Agent to perform the duties, obligations and responsibilities and to exercise the rights, powers, authorities and discretions specifically given to the Security Agent under, or in connection with, the Finance Documents together with any other incidental rights, powers, authorities and discretions.
Appears in 7 contracts
Sources: Term Loan Facility (Navios Maritime Partners L.P.), Term Loan Facility (Navios Maritime Partners L.P.), Facility Agreement (Navios Maritime Partners L.P.)
Trust. (a) The Security Agent declares that it holds shall hold the Security Property on trust for the Secured Parties on the terms contained in this Agreement and shall deal with the Security Property in accordance with this Clause 30 (The Security Agent) and the other provisions of the Finance DocumentsAgreement.
(b) Each other Finance Party authorises agrees that the Security Agent to perform the shall have only those duties, obligations and responsibilities and to exercise the rights, powers, authorities and discretions specifically given to expressly specified in this Agreement or in the Security Agent under, or in connection with, the Finance Documents together with any other incidental rights, powers, authorities to which it is expressed to be a party (and discretionsno others shall be implied).
Appears in 6 contracts
Sources: Senior Facilities Agreement (Liberty Global PLC), Additional Facility S Accession Deed (Liberty Global PLC), Additional Facility T Accession Deed (Liberty Global PLC)
Trust. (a) The Security Agent declares that it holds the Security Property on trust for the Secured Parties on the terms contained in this Agreement and shall deal with the Security Property in accordance with this Clause 30 31 (The Security Agent) and the other provisions of the Finance Documents.
(b) Each other Finance Party authorises the Security Agent to perform the duties, obligations and responsibilities and to exercise the rights, powers, authorities and discretions specifically given to the Security Agent under, or in connection with, the Finance Documents together with any other incidental rights, powers, authorities and discretions.
Appears in 4 contracts
Sources: Loan Agreement (International Seaways, Inc.), Term Loan Facility (United Maritime Corp), Facility Agreement (Navios Maritime Partners L.P.)
Trust. (a) The Security Agent declares that it holds the Security Property on trust for the Secured Parties on the terms contained in this Agreement and shall deal with the Security Property in accordance with this Clause 30 (The Security Agent) and the other provisions of the Finance Documents.
(b) Each other Finance Party authorises the Security Agent to perform the duties, obligations and responsibilities and to exercise the rights, powers, authorities and discretions specifically given to the Security Agent under, or in connection with, the Finance Documents together with any other incidental rights, powers, authorities and discretions.
Appears in 3 contracts
Sources: Term Loan Facility Agreement (Icon Energy Corp), Term Loan Facility (Navios Maritime Partners L.P.), Term Loan Facility (Navios Maritime Partners L.P.)
Trust. (a) The Security Agent declares that it holds the Security Property on trust for the Secured Parties on the terms contained in this Agreement and shall deal with the Security Property in accordance with this Clause 30 32 (The Security Agent) and the other provisions of the Finance Documents.
(b) Each other Finance Party authorises the Security Agent to perform the duties, obligations and responsibilities and to exercise the rights, powers, authorities and discretions specifically given to the Security Agent under, or in connection with, the Finance Documents together with any other incidental rights, powers, authorities and discretions.
Appears in 3 contracts
Sources: Term Loan Facility (Global Ship Lease, Inc.), Facility Agreement (Okeanis Eco Tankers Corp.), Facility Agreement (Okeanis Eco Tankers Corp.)
Trust. (a) The Security Agent declares that it holds the Security Property on trust for the Secured Creditor Parties on the terms contained in this Agreement and shall deal with the Security Property in accordance with this Clause 30 31 (The Security Agent) and the other provisions of the Finance Documents.
(b) Each other Finance Party authorises the Security Agent to perform the duties, obligations and responsibilities and to exercise the rights, powers, authorities and discretions specifically given to the Security Agent under, or in connection with, the Finance Documents together with any other incidental rights, powers, authorities and discretions.
Appears in 2 contracts
Sources: Term Loan Facility (Grindrod Shipping Holdings Ltd.), Facility Agreement (Grindrod Shipping Holdings Pte. Ltd.)
Trust. (a) The Security Agent declares that it holds shall hold the Transaction Security Property on trust for the Secured Parties on the terms contained in this Agreement and shall deal with the Security Property in accordance with this Clause 30 (The Security Agent) and the other provisions Agreement. Each of the Finance Documents.
(b) Each other Finance Party authorises parties to this Agreement agrees that the Security Agent to perform the shall have only those duties, obligations and responsibilities and to exercise the rights, powers, authorities and discretions specifically given to expressly specified in this Agreement or in the Security Agent under, or in connection with, the Finance Documents together with any other incidental rights, powers, authorities (and discretionsno others shall be implied).
Appears in 2 contracts
Sources: Term Facility Agreement (CGG Veritas), Single Currency Term Facility Agreement (General Geophysics Co)
Trust. (a) The Security Agent declares that it holds the Security Property on trust for the Secured Parties on the terms contained in this Agreement and shall deal with the Security Property in accordance with this Clause 30 30 (The Security Agent) and the other provisions of the Finance Documents.
(b) Each other Finance Party authorises the Security Agent to perform the duties, obligations and responsibilities and to exercise the rights, powers, authorities and discretions specifically given to the Security Agent under, or in connection with, the Finance Documents together with any other incidental rights, powers, authorities and discretions.
Appears in 2 contracts
Sources: Facility Agreement (United Maritime Corp), Term Loan Facility (Seanergy Maritime Holdings Corp.)
Trust. (a) The Security Agent declares that it holds shall hold the Security Property on trust for the Secured Parties on the terms contained set out in this Agreement and shall deal with the Security Property in accordance with this Clause 30 (The Security Agent) and the other provisions of the Finance DocumentsAgreement.
(b) Each other Finance Secured Party authorises agrees that the Security Agent to perform the shall have only those duties, obligations and responsibilities and expressly specified in this Agreement or in the Senior Security Documents to exercise the rights, powers, authorities and discretions specifically given to which the Security Agent under, or is expressed to be a party (and no others shall be implied). The duties of the Security Agent under the Debt Documents are solely mechanical and administrative in connection with, the Finance Documents together with any other incidental rights, powers, authorities and discretionsnature.
Appears in 2 contracts
Sources: Intercreditor Agreement (Nord Anglia Education, Inc.), Intercreditor Agreement (Nord Anglia Education, Inc.)
Trust. (a) The Security Agent declares that it holds the Security Property on trust for the Secured Parties on the terms contained in this Agreement and shall deal with the Security Property in accordance with this Clause 30 33 (The Security Agent) and the other provisions of the Finance Documents.
(b) Each other Finance Party authorises the Security Agent to perform the duties, obligations and responsibilities and to exercise the rights, powers, authorities and discretions specifically given to the Security Agent under, or in connection with, the Finance Documents together with any other incidental rights, powers, authorities and discretions.
Appears in 1 contract
Sources: Term Loan Facility Agreement (Global Ship Lease, Inc.)
Trust. (a) The Security Agent declares that it holds shall hold the Security Property on trust for the Secured Parties on the terms contained in this Agreement and shall deal with the Security Property in accordance with this Clause 30 34 (The Security Agent) and the other provisions of the Finance Documents.
(b) Each other Finance Party authorises of the parties to this Agreement agrees that the Security Agent to perform the shall have only those duties, obligations and responsibilities and to exercise the rights, powers, authorities and discretions specifically given to the Security Agent under, expressly specified in this Agreement or in connection with, the Finance Documents together with any other incidental rights, powers, authorities (and discretionsno others shall be implied).
Appears in 1 contract
Trust. (a) The Security Agent declares that it holds the Security Property on trust for the Secured Creditor Parties on the terms contained in this Agreement and shall deal with the Security Property in accordance with this Clause 30 32 (The Security Agent) and the other provisions of the Finance Documents.
(b) Each other Finance Party authorises the Security Agent to perform the duties, obligations and responsibilities and to exercise the rights, powers, authorities and discretions specifically given to the Security Agent under, or in connection with, the Finance Documents together with any other incidental rights, powers, authorities and discretions.
Appears in 1 contract
Trust. (a) The Security Agent declares that it holds the Security Property on trust for the Secured Parties on the terms contained in this Agreement and shall deal with the Security Property in accordance with this Clause 30 (The Security Agent) and the other provisions of the Finance Documents.
(b) Each other Finance Party authorises the Security Agent to perform the duties, obligations and responsibilities and to exercise the rights, powers, authorities and discretions specifically given to the Security Agent under, or in connection with, the Finance Documents together with any other incidental rights, powers, authorities and discretions.
Appears in 1 contract
Sources: Term Loan Facility Agreement (Okeanis Eco Tankers Corp.)
Trust. (a) The Security Agent declares that it holds the Security Property on trust for the Secured Parties Parties, other than any Security Property it holds pursuant to the parallel debt structure, on the terms contained in this Agreement and shall deal with the Security Property in accordance with this Clause 30 31 (The Security Agent) and the other provisions of the Finance Documents.
(b) Each other Finance Party authorises the Security Agent to perform the duties, obligations and responsibilities and to exercise the rights, powers, authorities and discretions specifically given to the Security Agent under, or in connection with, the Finance Documents together with any other incidental rights, powers, authorities and discretions.
Appears in 1 contract
Trust. (a) The Security Agent declares that it holds the Security Property on trust for the Secured Parties on the terms contained in this Agreement and shall deal with the Security Property in accordance with this Clause 30 28 (The Security Agent) and the other provisions of the Finance Documents.
(b) Each other Finance Party authorises the Security Agent to perform the duties, obligations and responsibilities and to exercise the rights, powers, authorities and discretions specifically given to the Security Agent under, or in connection with, the Finance Documents together with any other incidental rights, powers, authorities and discretions.
Appears in 1 contract
Trust. (a) The Security Agent declares that it holds shall hold the Security Property on trust for the Secured Parties on the terms contained in this Agreement and shall deal with the Security Property in accordance with this Clause 30 (The Security Agent) and the other provisions of the Finance DocumentsDeed.
(b) Each other Finance Party authorises of the parties to this Deed agrees that the Security Agent to perform the shall have only those duties, obligations and responsibilities and expressly specified in this Deed or in the Transaction Security Documents to exercise the rights, powers, authorities and discretions specifically given to which the Security Agent under, or in connection with, the Finance Documents together with any other incidental rights, powers, authorities is expressed to be a party (and discretionsno others shall be implied).
Appears in 1 contract
Sources: Loan Note Agreement (Weather Investments II S.a.r.l.)
Trust. (a) The Security Agent declares that it holds the Security Property on trust for the Secured Parties on the terms contained in this Agreement and shall deal with the Security Property in accordance with this Clause 30 30.20 (The Security Agent) and the other provisions of the Finance Documents.
(b) Each other Finance Party authorises the Security Agent to perform the duties, obligations and responsibilities and to exercise the rights, powers, authorities and discretions specifically given to the Security Agent under, or in connection with, the Finance Documents together with any other incidental rights, powers, authorities and discretions.
Appears in 1 contract