Common use of Additional European Collateral Agent Clause in Contracts

Additional European Collateral Agent. The European Collateral Agent may at any time appoint (and subsequently remove) any person to act as a separate security trustee or as a co-trustee jointly with it (any such person, an “Additional European Collateral Agent”): (a) if it is necessary in performing its duties and if the European Collateral Agent considers that appointment to be in the interest of the Finance Parties; or (b) for the purposes of complying with or confirming to any legal requirements, restrictions or conditions which the European Collateral Agent deems to be relevant; or (c) for the purposes of obtaining or enforcing any judgment or decree in any jurisdiction, and the European Collateral Agent will give notice to the other Parties of any such appointment.

Additional European Collateral Agent. The European Collateral Agent may at any time appoint (and subsequently remove) any person to act as a separate security trustee or as a co-trustee jointly with it (any such person, an “Additional European Collateral Agent”): (a) if it is necessary in performing its duties and if the European Collateral Agent considers that appointment to be in the interest of the Finance Lender Parties; or (b) for the purposes of complying with or confirming to any legal requirements, restrictions or conditions which the European Collateral Agent deems to be relevant; or (c) for the purposes of obtaining or enforcing any judgment or decree in any jurisdiction, and the European Collateral Agent will give notice to the other Parties parties to the Loan Documents of any such appointment.