Common use of APPOINTMENT AND DUTIES OF THE SPANISH SECURITY AGENT Clause in Contracts

APPOINTMENT AND DUTIES OF THE SPANISH SECURITY AGENT. (a) Each Finance Party (other than the Agent and the Spanish Security Agent) irrevocably appoints the Spanish Security Agent to act as its agent and attorney under and in connection with the Mortgage and the Pledge of Quota Shares for the purposes specified in this Clause 20.2.

Appears in 2 contracts

Samples: Credit Agreement, Agreement (Teekay LNG Partners L.P.)

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APPOINTMENT AND DUTIES OF THE SPANISH SECURITY AGENT. (a) Each Finance Party (other than the Agent and the Spanish Security Agent) irrevocably appoints the Spanish Security Agent to act as its agent and attorney under and in connection with the Mortgage, the Swap Bank Mortgage and the Pledge of Quota Shares for the purposes specified in this Clause 20.221.2.

Appears in 1 contract

Samples: Agreement (Teekay LNG Partners L.P.)

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APPOINTMENT AND DUTIES OF THE SPANISH SECURITY AGENT. (a) Each Finance Party (other than the Agent and the Spanish Security Agent) irrevocably appoints the Spanish Security Agent to act as its agent and attorney under and in connection with the Mortgage, the Swap Bank Mortgage and the Pledge of Quota Shares for the purposes specified in this Clause 20.2.

Appears in 1 contract

Samples: Agreement (Teekay LNG Partners L.P.)

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