Agent and Security Trustee definition

Agent and Security Trustee the "ARRANGER", any "FINANCE PARTY", any "LENDER", the "BORROWER" or any "PARTY" shall be construed so as to include its successors in title, permitted assigns and permitted transferees;
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Agent and Security Trustee s resignation notice shall only take effect upon the appointment of a successor. (f) Upon the appointment of a successor, the retiring Agent and Security Trustee shall be discharged from any further obligation in respect of the Finance Documents but shall remain entitled to the benefit of this Clause 11.
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Examples of Agent and Security Trustee in a sentence

  • The rights and remedies conferred upon Agent and Security Trustee under the Loan Documents may be exercised without the necessity of joinder of any other party, unless required by Applicable Law.

  • Agent and Security Trustee may consult with and employ Agent Professionals, and shall be entitled to act upon, and shall be fully protected in any action taken in good faith reliance upon, any advice given by an Agent Professional.

  • Agent and Security Trustee may conduct sales on any Obligor’s premises, without charge, and any sale may be adjourned from time to time in accordance with Applicable Law.

  • Each Cash Collateral Account and all Cash Collateral shall be under the sole dominion and control of Agent and Security Trustee.

  • Agent and Security Trustee shall not be responsible for the negligence or misconduct of any agents, employees or Agent Professionals selected by it with reasonable care.

  • Until Full Payment of the Obligations, all undertakings of Obligors contained in the Loan Documents shall continue, and Agent and Security Trustee shall retain its Liens in the Collateral and all of its rights and remedies under the Loan Documents.

  • Agent and Security Trustee may perform its duties through agents and employees.

  • The insurance policies in this regard shall be either assigned to the Agent and Security Trustee in trust for and for the benefit of the Finance Parties or the Agent and Security Trustee and the Finance Parties may be notified therein as loss payees with a suitable mortgage and hypothecation clause as may be required by the Agent and Security Trustee.

  • Resignation of Administrative Agent and Security Trustee 124 Section 9.07.

  • Where one bank is both Agent and Security Trustee there shall be no double charging of such compensation.

Related to Agent and Security Trustee

  • Security Trustee shall have the meaning ascribed thereto in the preamble;

  • Security Trust Deed means the Security Trust Deed executed by, inter alia, the Borrower, the Guarantor, the Collateral Agent, the Facility Agent, the Original Secured Creditors (as defined therein) and the Delegate Collateral Agent and shall be substantially in the form of Exhibit P or otherwise reasonably acceptable to the Facility Agent.

  • Security Trust Agreement means that certain security trust agreement dated on or about the Merger Closing Date made between the Security Trustee and the Lenders and relating to the appointment of the Security Trustee as trustee of the Security.

  • U.S. Secured Parties the “Secured Parties” as defined in the U.S. Guarantee and Collateral Agreement.

  • charity trustee means a charity trustee of the CIO.