Common use of Appointment of Collateral Agent as Security Trustee Clause in Contracts

Appointment of Collateral Agent as Security Trustee. Each of the Lenders hereby irrevocably appoints (and the Principal Companies, the Irish Loan Parties, the Israeli Loan Party and the Brazilian Loan Party) hereby acknowledge the appointment of) the Agent to act as its trustee under and in relation to the Debenture and the Share Charge and to hold the benefit of the Debenture and the Share Charge as trustee for the Lenders on the terms contained in this Agreement and the other Loan Documents to which the Agent is expressed to be a party and each of the Lenders hereby irrevocably authorizes the Agent in its capacity as security trustee to exercise such rights, powers and discretions as are specifically delegated to the Agent by the terms of this Agreement (including, without limitation, the rights, powers and discretions conferred on the Agent in this Section 23.13) and the Loan Documents to which the Agent is expressed to be a party together with all such rights, powers and discretions as are reasonably incidental thereto. The rights, powers and discretions conferred on the Agent by this Agreement shall be supplemental to the Trustee Xxx 0000 of Ireland and in addition to any which may be vested in the Agent by this Agreement, the other Loan Documents, general law or otherwise. Without prejudice to the provisions of Section 24.6, the provisions of this Section 23.13 shall be governed by and construed in accordance with, the laws of Ireland.