Borrower Security Trustee definition

Borrower Security Trustee means Deutsche Trustee Company Limited or any successor appointed pursuant to the STID.
Borrower Security Trustee means the entity to be appointed as Borrower Security Trustee hereunder after the date of this Agreement but prior to the Closing Date pursuant to the Fee Letter between the Parent and the Lenders referred to in Clause 15.4 (Borrower Security Trustee Fee).
Borrower Security Trustee means Citibank, N.A., London Branch or any successor security trustee appointed pursuant to the Borrower STID;

Examples of Borrower Security Trustee in a sentence

  • The Borrower Security Trustee will have the right (on the instructions of Qualifying Borrower Secured Creditors holding at least 10 per cent.

  • Nothing in the Finance Documents makes an Administrative Party (other than the Borrower Security Trustee) a trustee or fiduciary for any other Party or any other person.

  • Under the Security Agreement, each Obligor guarantees the obligations of each other Obligor under the Finance Documents, in each case to the Borrower Security Trustee for itself and as security trustee for the Borrower Secured Creditors.

  • In providing its consent or making a determination hereunder the Borrower Security Trustee shall take instructions from the Borrower Secured Creditors to the extent required or permitted and in each case in the manner set out in the STID.

  • No Obligor may compromise or settle any claim, litigation or arbitration without prior notification to the Borrower Security Trustee if any such compromise or settlement would be reasonably likely to have a Material Adverse Effect.

  • In respect of each Loan Event of Default requiring any action or discretion on the part of the relevant creditor, the Borrower Security Trustee will act in accordance with the relevant provisions of the STID.

  • The occurrence of a Trigger Event referred to in Paragraph 8 (Loan Event of Default) of Part 1 (Trigger Events) of this Schedule 3 will be remedied if the Loan Event of Default is waived in accordance with the STID or is remedied to the reasonable satisfaction of the Borrower Security Trustee.

  • Any proceeds of enforcement of the OFCA Floating Security will be paid to the Issuer and will be taken into account by the Borrower Security Trustee in ensuring that the Issuer recovers no more than its pro rata proportion of the aggregate proceeds of enforcement of all Borrower Security.

  • No Obligor may, without the prior written consent of the Borrower Security Trustee, consent to any material amendment to, waive any material provision of, or terminate the Cross-Licensing Agreement (other than pursuant to clause 4.2 thereof) or a Hardware Lease (other than pursuant to clause 7.1 thereof) to which it is a party.

  • No Administrative Party (other than the Borrower Security Trustee and the Borrower Account Bank) need hold in trust any moneys paid to it for a Party or be liable to account for interest on those moneys.


More Definitions of Borrower Security Trustee

Borrower Security Trustee means Citicorp Trustee Company Limited a limited liability company incorporated with registered number 00235914 in England and Wales and having its registered office at Citigroup Centre, Canada Square, Xxxxxx Xxxxx, Xxxxxx X00 0XX as security trustee for the Borrower Secured Creditors, or such other entity or entities appointed as security trustee for the Borrower Secured Creditors from time to time, subject to and in accordance with the terms of the Security Trust Deed;
Borrower Security Trustee means Situs Asset Management Limited in its capacity as borrower security trustee and its successors and assigns pursuant to the Loan Security Agreements;
Borrower Security Trustee means Citigroup Trustee Company Limited a limited liability company incorporated in England and Wales and having its registered office at Citigroup Centre, Canada Square, Canary Wharf, London E14 5LB as security trustee for the Borrower Secured Creditors, or such other entity or entities appointed as security trustee for the Borrower Secured Creditors from time to time, subject to and in accordance with the terms of the Security Trust Deed;

Related to Borrower 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.

  • Issuer Secured Parties means the Trustee in respect of the Trustee Issuer Secured Obligations.

  • US Agent means a person (as de- fined in section 201(e) of the act (21U.S.C. 321(e))) residing or maintaining a place of business in the United States whom a foreign facility designates as its agent for purposes of this subpart. AU.S. agent cannot be in the form of a mailbox, answering machine or service, or other place where an individual act- ing as the foreign facility’s agent is not physically present.

  • charity trustee means a charity trustee of the CIO.

  • 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.

  • Security Agent means the Bond Trustee or any successor Security Agent, acting for and on behalf of the Secured Parties in accordance with any Security Agent Agreement or any other Finance Document.

  • Advance Facility Trustee As defined in Section 3.22.

  • Trustee Issuer Secured Obligations means all amounts and obligations which the Issuer may at any time owe to or on behalf of the Trustee or the Trust Collateral Agent for the benefit of the Noteholders under this Indenture, the Notes or any Basic Document.

  • Collateral Trustee has the meaning set forth in the preamble.

  • Collateral Agent as defined in the preamble hereto.

  • the Agent means the estate agency described at paragraph 5 of the Schedule;

  • Administrative Agent means Bank of America in its capacity as administrative agent under any of the Loan Documents, or any successor administrative agent.

  • Borrower Security Agreement means the Security Agreement, dated as of the date hereof, between Borrower and the Agent.

  • Majority Trustee Vote means the vote of a majority of the Trustees;

  • Intercreditor Agent has the meaning given to such term in the Intercreditor Agreement.

  • Issuer Secured Obligations means the Insurer Issuer Secured Obligations and the Trustee Issuer Secured Obligations.

  • Specified Credit Party means any Credit Party that is not an “eligible contract participant” under the Commodity Exchange Act (determined prior to giving effect to Section 14.11).

  • Note Agent means any Registrar, Paying Agent or Conversion Agent.

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

  • Canadian Agent as defined in the preamble hereto.

  • Notes Secured Parties means the Trustee, the Notes Collateral Agent and the Holders of the Notes.

  • Borrower Agent as defined in Section 4.4.

  • Global Agent has the meaning specified in the preamble, and any duly qualified and appointed successor or successors of U.S. Bank thereto.

  • U.S. Credit Party means the U.S. Borrower and each U.S. Subsidiary Guarantor.

  • Secured Creditor means the Trustee, the Margin Loan Provider and the holders of the ETP Securities.