Security Trust Deeds definition
Examples of Security Trust Deeds in a sentence
The Company hereby assigns with full title guarantee the Assigned Rights to the Delegate to hold the same on behalf of the Secured Creditors on the terms set out in the Security Trust Deeds as security for the payment and discharge of the Secured Obligations.
Trust Deeds, the Collateral Agent hereby appoints the Delegate to act as trustee with respect to this Assignment and to have such rights, powers and duties as the Collateral Agent has or may have pursuant to the terms of the Security Trust Deeds including without limitation, the right to be indemnified under Clause 5.1 (Credit Parties’ Indemnity to Collateral Agent) of the Security Trust Deeds.
The Company hereby assigns with full title guarantee the Assigned Rights to the Collateral Agent to hold the same on behalf of the Secured Creditors on the terms set out in the Security Trust Deeds as security for the payment and discharge of the Secured Obligations.
If an Event of Default has occurred and is continuing, the Security Agent may, and shall if so directed by the requisite Secured Party or Secured Parties in accordance with the Security Trust Deeds, give notice to AM that no further amount may be withdrawn or transferred from the Onshore Controlled Account except upon the instructions of the Security Agent as so directed by the requisite Secured Party or Secured Parties in accordance with the Security Trust Deed.