Common use of Additional Collateral Agents Clause in Contracts

Additional Collateral Agents. (a) The Collateral Agent may at any time appoint (and subsequently remove) any person to act as a separate trustee or as a co-trustee jointly with it: (i) if it considers that appointment to be in the interests of the Secured Parties; (ii) for the purposes of conforming to any legal requirement, restriction or condition which the Collateral Agent deems to be relevant; or (iii) for obtaining or enforcing any judgment in any jurisdiction, and the Collateral Agent shall give prior notice to the Parent and the Pari Passu Creditors of that appointment. (b) Any person so appointed shall have the rights, powers, authorities and discretions (not exceeding those given to the Collateral Agent under or in connection with the Debt Documents) and the duties, obligations and responsibilities that are given or imposed by the instrument of appointment. (c) The remuneration that the Collateral Agent may pay to that person, and any costs and expenses (together with any applicable VAT) incurred by that person in performing its functions pursuant to that appointment shall, for the purposes of this Deed, be treated as costs and expenses incurred by the Collateral Agent.

Additional Collateral Agents. (a) The Collateral Agent may at any time appoint (and subsequently remove) any person Person to act as a separate trustee or as a co-trustee jointly with it: (i) if it considers that appointment to be in the interests of the Secured Finance Parties;; or (ii) for the purposes of conforming to any legal requirement, restriction or condition which the Collateral Agent deems to be relevant; or (iii) for obtaining or enforcing any judgment in any jurisdiction, and the Collateral Agent shall give prior notice to the Parent Borrower and the Pari Passu Creditors Finance Parties of that appointment. (b) Any person Person so appointed shall have the rights, powers, authorities and discretions (not exceeding those given to the Collateral Agent under or in connection with the Debt Note Documents) and the duties, obligations and responsibilities that are given or imposed by the instrument of appointment. (c) The remuneration that the Collateral Agent may pay to that person, and any costs and expenses (together with any applicable VAT) incurred by that person Person in performing its functions pursuant to that appointment shall, for the purposes of this DeedNote, be treated as costs and expenses incurred by the Collateral Agent.

Additional Collateral Agents. (a) The Collateral Agent may at any time appoint (and subsequently remove) any person to act as a separate trustee or as a co-trustee jointly with it: it (i) if it considers that appointment to be in the interests of the Secured Parties; appropriate or (ii) for the purposes of conforming to any legal requirementrequirements, restriction restrictions or condition conditions which the Collateral Agent deems to be relevant; or relevant or (iii) for obtaining or enforcing any judgment in any jurisdiction, and the Collateral Agent shall give prior notice to the Parent Borrower and each of the Pari Passu Creditors Agents of that appointment. (b) Any person so appointed shall have the rights, powers, authorities powers and discretions (not exceeding those given to conferred on the Collateral Agent under or in connection with by the Debt Documents) and the duties, duties and obligations and responsibilities that are given conferred or imposed by the instrument of appointment. (c) The remuneration that the Collateral Agent may pay to that person, and any costs and expenses (together with any applicable VAT) incurred by that person in performing its functions pursuant to that appointment shall, for the purposes of this Deed, be treated as costs and expenses incurred by the Collateral Agent.