Security Agents definition
Examples of Security Agents in a sentence
The Security Agents may appoint and pay any person to act as nominee on any terms in relation to any asset of the trust as such Security Agent may determine and the Security Agents shall not be responsible for any loss, liability, expense, demand, cost, claim or proceedings incurred by reason of the misconduct, omission or default on the part of any person appointed by it under this Agreement or be bound to supervise the proceedings or acts of any person.
In consideration for the covenants given to the Security Agent by the Obligors in Clause 29.2 (Parallel Debt (Covenant to Pay the Security Agents)), each Security Agent agrees with the Obligors to apply all moneys from time to time paid by the Obligors to the Security Agent in accordance with the provisions of Clause 15.1 (Order of Application) of the Priority Agreement.
The rights, powers, authorities and discretions given to the Security Agents under or in connection with the Finance Documents shall be supplemental to the Trustee Act 1925 and the Trustee Act 2000 and in addition to any which may be vested in the Security Agents by law or regulation or otherwise.
Each Lender shall supply the Security Agents with any information that each Security Agent may reasonably specify as being necessary or desirable to enable such Security Agent to perform its functions as Security Agent.
A legal opinion of the legal advisers to the Agent in England, as to English law addressed to the Agent, the Security Agents and the Lenders in the form distributed to the Lenders prior to signing the Accession Deed.