Common Security Agent definition

Common Security Agent has the meaning given to it in the Intercreditor Agreement.

Common Security Agent means GLAS Trust Company LLC, in its capacity as Collateral Trustee under and as defined in the Intercreditor Agreement.

Common Security Agent means Citicorp International Limited.

Examples of Common Security Agent in a sentence

• The Common Security Agent may accept deposits from, lend money to and generally engage in any kind of banking or other business with any member of the Group.

• Each Creditor shall supply the Common Security Agent with any information that the Common Security Agent may reasonably specify as being necessary or desirable to enable the Common Security Agent to perform its functions as Common Security Agent.

• The Common Security Agent shall not be bound to account to any other Secured Party for any sum or the profit element of any sum received by it for its own account.

• Section 1 of the Trustee Act 2000 shall not apply to the duties of the Common Security Agent in relation to the trusts constituted by this Agreement.

• In this event, the Common Security Agent shall resign in accordance with paragraph (b) above but the cost referred to in paragraph (d) above shall be for the account of the Parent.

More Definitions of Common Security Agent

Common Security Agent has the meaning given to that term in the Intercreditor Agreement.

Common Security Agent means OP Corporate Bank plc or any successor, transferee, replacement or assignee thereof, which has become the Common Security Agent in accordance with the Intercreditor Agreement.

Common Security Agent means ING Bank N.V. as Security Agent for the SDLP Finance Parties.

Common Security Agent s Spot Rate of Exchange” means, in respect of the conversion of one currency (the “First Currency”) into another currency (the “Second Currency”) the Common Security Agent’s spot rate of exchange for the purchase of the Second Currency with the First Currency in the Hong Kong or Macau foreign exchange market at or about 11:00 a.m. (Hong Kong time) on a particular day, which shall be notified by the Common Security Agent in accordance with paragraph (e) of Clause 21.4 (Duties of the Common Security Agent).

Common Security Agent means Citibank N.A., London Branch, and its successors and assigns, as the Common Security Agent under the Intercreditor Agreement.

Common Security Agent means the Law Debenture Trust Corporation plc, as appointed under the Common Security Agreement.

Common Security Agent means Wilmington Trust (London) Limited or an Affiliate thereof or any successor or replacement security agent, acting in such capacity, under the Intercreditor Agreement.