Authorised Third Party definition
Examples of Authorised Third Party in a sentence
We are not responsible for monitoring the activities of the Authorised Third Party.
The fees, costs and expenses payable to such Authorised Third Party shall be considered as part of the additional remuneration and expenses of the Security Trustee and therefore shall be payable in the manner contemplated by and in accordance with Clause 18 of the Funding Deed of Charge from funds that the Security Trustee receives in accordance with the Funding Priority of Payments as set forth in the Funding Deed of Charge.
The terms of appointment of the Authorised Third Party shall oblige the Authorised Third Party to provide information concerning its activities on a regular basis and on request to the Seller, Administrator, Funding and the Security Trustee.
The appointment of the Authorised Third Party shall be on the terms and conditions as negotiated between the Security Trustee, the Seller and/or the Administrator (as the case may be) and such Authorised Third Party.
Any such appointment of an Authorised Third Party may be revoked by the Security Trustee at any time.