Original Security Trustee definition

Original Security Trustee means Commerzbank, acting in the capacity as “Security Trustee” under the Original Participation Agreement.
Original Security Trustee means ANZ Fiduciary Services Pty Limited ABN 91 100 709 493.
Original Security Trustee means the Security Trustee as such term is defined in the Original Loan Agreement;

Examples of Original Security Trustee in a sentence

  • Should the said general hypothec be cancelled by the Original Security Trustee, the Bondholders will benefit from a first ranking general hypothec over all the assets of the Issuer, both present and future, as security for the Issuer’s obligations under the Bond Issue.

  • In the event that sufficient Original Bondholders surrender their Original Bonds in favour of the Issuer in exchange for First Tranche Bonds, the first ranking general hypothec will be cancelled by the Original Security Trustee.

  • Depending on the rate of conversion of Original Bonds into First Tranche Bonds and the extent of Second Tranche Bonds that may be issued, holders of Original Bonds or Secured Bonds shall at all times remain secured for the nominal value of Bonds held by either cash collateral held in the reserve account by the Original Security Trustee or hypothecary rights over immovable property or a combination of the two.

  • The fixed amounts to be received by the security trustee are set out in a trust deed between the Issuer and the Original Security Trustee dated 9th September 2016, which fixed amounts represent approximately 75% of sales proceeds after deducting commissions payable by the Issuer (and VAT on commissions)and provisional tax on the full sales price.

  • Depending on the amount of conversions of Eligible Applicants to convert their Original Bonds to First Tranche Bonds, the Original Security Trustee may be required to retain sufficient security over immovables consisting of some of the blocks forming part of Block A to Block E of the Mellieħa Development.

  • The Original Security Trustee holds funds received on the sale of a unit and,or garage in the Original Reserve Account for the benefit or the Original Bondholders of the Original Bonds.

  • With respect to the special hypothec over Block A to Block E of the Mellieħa Development, depending on the amount of conversions of Eligible Applicant to convert their Original Bonds to First Tranche Bonds, the Original Security Trustee may be required to retain sufficient security over immovables, consisting of some of the Block A to Block E of the Mellieħa Development.

  • As part of the issue of the Original Bonds, GDL constituted the following security interests in favour of the Original Security Trustee: (i) a general hypothec over its property, both present and future; and (ii) a special hypothec over Blocks A, B and C of the Qawra Development.

  • The Original Security Trustee has already undertaken to release from the general hypothec registered against GML, Block A to Block E of the Mellieħa Development, which property will be subject to the special hypothec in favour of the Security Trustee.

  • The fixed amounts to be received by the Original Security Trustee are set out the Original Trust Deed, which fixed amounts represent approximately 75% of sales proceeds after deducting commissions payable by the Issuer (and VAT on commissions)and provisional tax on the full sales price.

Related to Original 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.

  • 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.

  • charity trustee means a charity trustee of the CIO.

  • Additional Secured Parties means any Additional Agents and any Additional Creditors.

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

  • Advance Facility Trustee As defined in Section 3.22.

  • Original Securities has the meaning set forth in Section 2.02.

  • Note Trustee means the Person identified as the “Trustee” in the Indenture, solely in its capacity as Trustee pursuant to the Indenture and not in its individual capacity, or its successor in interest in such capacity, or any successor Trustee appointed as provided in the Indenture.

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

  • Supplemental Interest Trust Trustee Xxxxx Fargo Bank, N.A., a national banking association, not in its individual capacity but solely in its capacity as supplemental interest trust trustee, and any successor thereto.

  • L/C Issuer means Bank of America in its capacity as issuer of Letters of Credit hereunder, or any successor issuer of Letters of Credit hereunder.

  • Loan Trustee Means, with respect to any Indenture, the bank, trust company or other financial institution designated as loan trustee thereunder, and any successor to such loan trustee.

  • NIM Trustee The trustee for the NIM Securities.

  • Property Trustee means the Person identified as the “Property Trustee” in the Trust Agreement, solely in its capacity as Property Trustee of the Trust under the Trust Agreement and not in its individual capacity, or its successor in interest in such capacity, or any successor Property Trustee appointed as therein provided.

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

  • Successor Property Trustee has the meaning specified in Section 6.6(b).

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

  • Fiscal Agent Agreement As defined in Section 8.13.

  • Collateral Agency and Intercreditor Agreement means that certain Collateral Agency and Intercreditor Agreement, dated as of January 31, 2008 (as amended, amended and restated, supplemented or otherwise modified from time to time in compliance with the terms of this Indenture), by and among the Company, the other guarantors from time to time party thereto, the secured debt representatives and the Collateral Agent.

  • Collateral Agent as defined in the preamble hereto.

  • 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.

  • ABL Secured Parties means “Secured Parties” as defined in the ABL Credit Agreement.

  • Pass Through Trustee means the trustee under each Pass Through Trust Agreement, together with any successor in interest and any successor or other trustee appointed as provided in such Pass Through Trust Agreement.

  • Collateral Trust Joinder means (i) with respect to the provisions of this Agreement relating to any Additional Parity Lien Debt, an agreement substantially in the form of Exhibit B, and (ii) with respect to the provisions of this Agreement relating to the addition of additional Grantors, an agreement substantially in the form of Exhibit C.

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