Examples of German Security Agreement in a sentence
Notwithstanding Sections 9.1 through 9.12, the Administrative Agent shall hold, administer and enforce any security interest which is assigned or transferred to it pursuant to the German Security Agreement as trustee or agent for the benefit of the Secured Parties and each Lender appoints the Administrative Agent to act on its behalf as trustee (Treuhänder) under German law with regard to any security interest created by the German Security Agreement.
Favorable written opinions (addressed to Administrative Agent and the Lenders and dated the Effective Date) of (i) external New York counsel to the Borrower, regarding the Transactions and such other matters as Administrative Agent shall reasonably request, (ii) external Canadian counsel to the Administrative Agent, regarding the Liens granted under the Canadian Security Agreement and (iii) external German counsel to the Administrative Agent, regarding the Liens granted under the German Security Agreement.
See "Description of Note Trust Deed and Issuer Security Documents – Note Trust Deed"for further information.PartyNameAddressDocument under which appointed/further informationIssuer Security TrusteeU.S. Bank Trustees Limited125 Old Broad StreetLondon EC2N 1ARThe Issuer Security Trustee will act as security trustee and will hold on trust for itself and the other Issuer Secured Creditors the security granted to it by the Issuer pursuant to the Issuer Deed of Charge and the German Security Agreement.
Issuer Security As security for its obligations under, among other things, the Notes, the Issuer will grant fixed and floating security interests over all its assets and undertakings (other than the Issuer Proceeds Account and the Class X Account) (which assets and undertakings comprise, primarily, its rights in respect of the Securitised Loan and the associated Loan Security) in favour of the Issuer Security Trustee under the Issuer Deed of Charge and the German Security Agreement.
The Collateral granted under any German Security Agreement to the Collateral Agent to secure the Parallel Debt is granted to the Collateral Agent in its capacity as creditor of the Parallel Debt.