Duties of the Security Trustee. This Agreement establishes the rights and obligations of the Security Trustee to carry out the tasks assigned to it in this Agreement. Unless otherwise set forth in this Agreement, the Security Trustee is not obliged to supervise the discharge of the payment and other obligations of the Issuer arising from the Funding and the Transaction Documents or to carry out duties which are the responsibility of the management of the Issuer.
Duties of the Security Trustee. 2.1 This Agreement establishes the rights and obligations of the Security Trustee to carry out the tasks assigned to it in this Agreement. Unless otherwise explicitly set forth in this Agreement or in the Deed of Charge and Assignment, the Security Trustee shall not be obliged to supervise the discharge of the payment and other obligations of the Issuer arising from the Funding and the Transaction Documents or to carry out duties which are the responsibility of the management of Driver UK Master S.A.
Duties of the Security Trustee. The Security Trustee shall:
Duties of the Security Trustee. 11.1.1 The Security Trustee agrees to perform such duties and only such duties as are specifically set forth in this Deed, as supplemented by the relevant Loan Note Supplements, in each case to the extent required or permitted under and in compliance with applicable law and regulations. In relation to each Series of Loan Notes, the Security Trustee shall undertake such duties pursuant to Term Series Directions and VFN Series Directions, as applicable, unless otherwise specified or the context otherwise requires.
Duties of the Security Trustee. (a) The duties of the Security Trustee under the Finance Documents are solely mechanical and administrative in nature.
Duties of the Security Trustee. Notwithstanding any additional duties imposed on the Security Trustee under the Trustee Act 1925 or otherwise, if a Loan Note Event of Default hxx xxxxxred and is continuing, the Security Trustee shall exercise the rights and powers and use the same degree of care and skill in their exercise as a prudent man would exercise or use under the circumstances in the conduct of his own affairs.
Duties of the Security Trustee. 6.1 NOTICE OF LOAN EVENT OF DEFAULT; ACTION UPON LOAN
Duties of the Security Trustee. Section 6.1
Duties of the Security Trustee. (a) The Security Trustee is not:
Duties of the Security Trustee. (a) The Security Trustee shall have only those duties, obligations and responsibilities expressly specified in the Loan Note Documents and shall not have any implied duties, obligations or responsibilities, other than to act at all times in the best interests of the Secured Parties.
