Examples of Security Agent in a sentence
Please sign and forward to the Interim Security Agent at the above address the enclosed form of acknowledgement (for the attention of [●]).
Any certification or determination by the Interim Security Agent of a rate or amount under this agreement is, in the absence of manifest error, conclusive evidence of the matter to which it relates.
All monies received or held by the Interim Security Agent subject to this agreement may at any time, before as well as after the occurrence of an Event of Default, be converted into such other currency as the Interim Security Agent considers necessary or desirable to satisfy the Interim Liabilities in that other currency at the prevailing rate of exchange on the date and in the market determined by the Interim Security Agent, acting reasonably, as being most appropriate for the conversion.
Monies received, recovered or realised by the Interim Security Agent under this agreement may, at the discretion of the Interim Security Agent, be credited to a separate or suspense account for so long as the Interim Security Agent may think fit without any intermediate obligation on the part of the Interim Security Agent to apply the same in or towards payment and discharge of the Interim Liabilities.
The rights and benefits of the Interim Security Agent under this agreement shall remain valid and binding for all purposes notwithstanding any change, amalgamation, consolidation or otherwise which may be made in the constitution of the Interim Security Agent and shall be available to such entity as shall carry on the business of the Interim Security Agent for the time being.