Borrower Security Trustee definition

Borrower Security Trustee means Deutsche Trustee Company Limited or any successor appointed pursuant to the STID.

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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 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).

Examples of Borrower Security Trustee in a sentence

The Borrower Secured Creditors hereby authorise the Borrower Security Trustee to execute each Accession Memorandum (without liability therefor) and agree to be bound by the terms of each such Accession Memorandum.
Following receipt of a notice in writing of the occurrence of a Trigger Event from an Obligor (or the Security Group Agent on its behalf), the Borrower Security Trustee shall notify the Secured Creditor Representatives of the Borrower Secured Creditors of the occurrence of such Trigger Event.
If the circumstances in sub-paragraphs (b)(i) or (ii) above occur, each relevant Obligor must supply all information required to be delivered under this Agreement to the Borrower Security Trustee and the Bond Trustee in paper form with such copies as may be requested by any Finance Party or Issuer Secured Creditor.
The Borrower Security Trustee will have the right (on the instructions of Qualifying Borrower Secured Creditors holding at least 10 per cent.
Notwithstanding anything in (a) or (b) above, no Loan Event of Default shall arise in respect of any proceedings referred to in (a) and/or (b) above, which are taken for the purpose of a solvent reorganisation or merger (which has received the prior written approval of the Borrower Security Trustee) or in respect of any proceedings which are frivolous or vexatious or which are discharged within 30 days of being commenced.
If no agreement is reached between the Security Group Agent and the Borrower Security Trustee (acting as directed pursuant to clause 24 (QBS Creditor Instructions) of the STID) then the Security Group Agent will appoint an international firm of auditors in the manner and for the purpose described above.
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.
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.
Subject to Paragraph 5(b) below, the Charges shall be adjusted without retroactive effect in accordance with, and promptly following, the delivery of such independent professional advisor's findings and recommendations to the Borrower Security Trustee and BAA.
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.

More Definitions of Borrower Security Trustee

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;

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, ▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇ ▇▇▇ 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 Citibank, N.A., London Branch or any successor security trustee appointed pursuant to the Borrower STID;