Examples of Security Trust Deed in a sentence
In the event that the Security Trustee enforces the Security it shall use the proceeds to first settle any amounts outstanding in its favour pursuant to the Security Trust Deed by way of costs and expenses.
The Bank Facility shall be kept in place for the duration of the Bonds, and shall be further regulated by a Security Trust Deed.
The Issuer and the Security Provider have entered into a Security Trust Deed with the Security Trustee which inter alia sets out the terms and conditions of (a) the Security and the rights and interests thereon, and (b) the rights and benefits enjoyed by the Security Trustee for the benefit of the Bondholders under the Security Trust Deed.
The Bond Issuance Programme, a Security Trust Deed (if any), Security (if any) and any non-contractual obligations arising out of or in connection therewith shall be governed by, and shall be construed in accordance with Maltese Law.
It will then settle expenses incurred by it in enforcing the Security pursuant to the Security Trust Deed.