Security Trustee Deed definition
Examples of Security Trustee Deed in a sentence
Upon the acceptance of any appointment by a Security Trustee under this Agreement of a successor Security Trustee, and upon due execution of a Security Trustee Deed of Accession in the form set out in Schedule 2, such successor Security Trustee shall thereupon succeed to and become vested with all rights, powers, privileges and duties of the retiring Security Trustee which shall be discharged from its duties and obligations hereunder.
On giving the notification and the execution of the Security Trustee Deed of Accession, the successor Security Trustee will succeed to the position of the Security Trustee under the Debenture Documents.
Words and expressions defined in the Security Trustee Agreement have the same meaning when used in this Security Trustee Deed of Accession.