Security Trustee definition

Security Trustee shall have the meaning ascribed thereto in the preamble;

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Security Trustee means Computershare Trust Company of Canada;

Security Trustee means HSH Nordbank AG, acting in such capacity through its office at ▇▇▇▇▇▇▇-▇▇▇▇▇▇▇▇▇-▇▇▇▇▇ ▇▇, ▇-▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇, or any successor of it appointed under clause 5 of the Agency and Trust Agreement;

Examples of Security Trustee in a sentence

• Each Lender hereby irrevocably designates and appoints the Security Trustee as security trustee of such Lender under this Agreement and the other Loan Documents solely for the purpose of holding the Collateral Vessel Mortgages of the Collateral Vessels and certain other Collateral, and the Security Trustee hereby accepts such appointment.

• The Security Trustee agrees and declares, and each of the other Secured Parties acknowledges, that, subject to the terms and conditions of this Section 10.14, the Security Trustee holds the Trust Property in trust for the Secured Parties absolutely.

• Should any Lender (other than, to the extent a Lender, the Collateral Agent or the Security Trustee) obtain possession or control of any such Collateral, such Lender shall notify the Collateral Agent thereof, and, promptly following the Collateral Agent’s request therefor, shall deliver such Collateral to the Collateral Agent or otherwise deal with such Collateral in accordance with the Collateral Agent’s instructions.

• Each of the other Secured Parties agrees that the obligations, rights and benefits vested in the Security Trustee shall be performed and exercised in accordance with this Section 10.14.

• The Security Trustee shall, at all times, be the same institution as the Person acting as the Administrative Agent and the Collateral Agent under this Agreement.

More Definitions of Security Trustee

Security Trustee means The Bank of New York in its capacity as security trustee in respect of the Programme;

Security Trustee means a security trustee under a Security Trust Deed and any successor trustee appointed under that Security Trust Deed.

Security Trustee means the Person appointed, at the time of determination, as the trustee for the benefit of the Secured Parties pursuant to Section 5.01 of the Security Trust Agreement. The initial Security Trustee is Deutsche Bank Trust Company Americas.

Security Trustee means Bank of Utah in its capacity as Security Trustee hereunder, and any successor thereto in such capacity.

Security Trustee has the meaning specified in the recital of parties to this Agreement.

Security Trustee has the meaning it has in the Details. Terminate includes terminate, end, close out, determine, rescind, cancel, revoke, repudiate, avoid, release, surrender, forfeit, discharge (other than by performance) or accept the termination, rescission or repudiation of the LTESA or the PDA (as applicable). It includes claiming that an obligation under the LTESA or the PDA (as applicable) is void, voidable or unenforceable.

Security Trustee means Deutsche Trustee Company Limited, in its capacity as security trustee under the Trust Deed and the Deed of Charge together with any successor security trustee appointed from time to time;