Appointment of the Security Agent. Each Finance Party appoints the Security Agent to act as its security agent under and in connection with the Finance Documents on the terms and conditions set out in Schedule 28 (Security Agent).
Appointment of the Security Agent. (a) Each Secured Party irrevocably appoints the Security Agent to act as its agent under and in connection with the security created under the Transaction Security Documents.
(b) Each Secured Party irrevocably authorises the Security Agent to:
(i) perform the duties and to exercise the rights, powers, authorities and discretions that are specifically given to it under or in connection with the Transaction Security Documents, together with any other incidental rights, powers, authorities and discretions; and
(ii) enter into and deliver each Transaction Security Document expressed to be entered into by the Security Agent.
Appointment of the Security Agent. (a) Each Finance Party (other than the Security Agent) appoints the Security Agent to act as its security agent and trustee under and in connection with the Finance Documents.
(b) The Security Agent declares that it shall hold the Transaction Security on trust for the Finance Parties on the terms contained in this Agreement.
(c) Each Finance Party (other than the Security Agent) authorises the Security Agent to exercise the rights, powers, authorities and discretions specifically given to the Security Agent under or in connection with the Finance Documents together with any other incidental rights, powers, authorities and discretions.
Appointment of the Security Agent. (a) Each Finance Party irrevocably appoints the Security Agent (individually) in accordance with the following provisions of this Clause to act as its agent, in accordance with article 5 of the Belgian Financial Collateral Law and article 3 of the Belgian MAS Law and as beneficiary of a parallel debt (as the case may be) under this Agreement and with respect to the Transaction Security Documents, and irrevocably authorises the Security Agent (acting jointly or severally) on its behalf to:
(i) execute each Transaction Security Document expressed to be executed by the Security Agent (as the case may be) on its behalf; and
(ii) perform such duties and exercise such rights and powers under this Agreement and the Transaction Security Documents as are specifically delegated to the Security Agent by the terms thereof, together with such rights, powers and discretions as are reasonably incidental thereto, including the release of the Transaction Security in accordance with the terms of the Transaction Security Documents.
(b) The Security Agent has only those duties which are expressly specified in the Finance Documents.
Appointment of the Security Agent. Each of the Banks, the Issuing Banks, the Standby Lender, the Co-Arrangers and the Agent hereby appoints the Security Agent to act for and on its behalf as its trustee in connection with this Agreement and the other Security Documents and authorises the Security Agent to enter into each of the Security Documents and exercise such rights, powers and discretions as are specifically delegated to it by the terms thereof together with such rights, powers and discretions as are reasonably incidental thereto.
Appointment of the Security Agent. Each Secured Party hereby irrevocably:
(a) appoints the Security Agent to act as security agent under and in connection with the relevant Secured Finance Documents and this Agreement;
(b) authorises the Security Agent on its behalf to sign, execute and enforce the Transaction Security Documents and the Guarantee Agreement;
(c) authorises the Security Agent to enter into agreements with the Issuer or a third party or take such other actions, as is, in the Security Agent’s opinion, necessary for the purpose of maintaining, releasing or enforcing the Transaction Security or the Guarantees or for the purpose of settling the Secured Parties' or the Issuer's rights to the Transaction Security or the Guarantees, in each case in accordance with the terms of the Secured Finance Documents and provided that such agreements or actions are not in the sole opinion of the Security Agent detrimental to the interests of the Secured Parties; and
Appointment of the Security Agent. Each Secured Party hereby irrevocably:
(a) appoints the Security Agent to act as security agent under and in connection with the relevant Secured Finance Documents and this Agreement;
(b) authorises the Security Agent on its behalf to sign, execute and enforce the Security Documents;
(c) authorises the Security Agent to enter into agreements with the Company or a third party or take such other actions, as is, in the Security Agent’s opinion, necessary for the purpose of maintaining, releasing or enforcing the Transaction Security or for the purpose of settling the Secured Parties’ or the Company’s rights to the Transaction Security, in each case in accordance with the terms of the Secured Finance Documents and provided that such agreements or actions are not in the sole opinion of the Security Agent detrimental to the interests of the Secured Parties (for the avoidance of doubt, a release in accordance with Clause 12.2 (Intra-group restructurings) shall for the purpose of this Clause 13.1 not be deemed detrimental to the Secured Parties); and
(d) authorises the Security Agent on its behalf to perform the duties and to exercise the rights, powers, authorities and discretions specifically given to it under or in connection with the relevant Secured Finance Documents and this Agreement, together with any other incidental rights, powers, authorities and discretions.
Appointment of the Security Agent as agent under the French security documents
(a) Each Finance Party (other than the Security Agent) (as mandant) appoints the Security Agent (which appointment is hereby accepted) to act as its agent (mandataire) (with full power to appoint and to substitute and to delegate) under or in connection with any security governed by French law to the extent that securities governed by French law could not be granted to the Security Agent under a parallel debt mechanism (a "
Appointment of the Security Agent. (a) Each Finance Party (other than the Security Agent) hereby and pursuant to the Security Agent Power appoints the Security Agent and authorises the Security Agent to act as its agent to execute, hold, administer and enforce the Finance Parties’ rights under the Security Documents on its behalf and on behalf of the other Finance Parties in accordance with the terms hereof.
(b) Each Finance Party (other than the Security Agent) hereby and pursuant to the Security Agent Power irrevocably authorises, empowers and directs the Security Agent to take such action on its behalf under the provisions of this Agreement and any other Finance Documents and to exercise such rights, powers and discretions hereunder and thereunder as are specifically delegated to the Security Agent hereunder and thereunder and such rights, powers and discretions as are reasonably incidental thereto.
(c) The Security Agent hereby accepts its appointment pursuant to this Clause 29.2 (Appointment of the Security Agent) and the Security Agent Power.
Appointment of the Security Agent. (a) Each Finance Party (other than the Security Agent) irrevocably:
(i) appoints the Security Agent to act as its trustee and/or agent (as applicable) under, in connection with and on the terms and conditions contained in the Finance Documents;
(ii) authorises the Security Agent (whether or not by or through its employees or agents) to:
(A) enter into and deliver on its behalf each Finance Document expressed to be entered into by the Security Agent;
(B) give any authorisation, confirmation or consent expressed to be given by the Security Agent under the Finance Documents; and
(C) to perform such duties and take such action on its behalf and to exercise such rights, remedies, powers and discretions as are specifically delegated to the Security Agent by the Finance Documents, together with such rights, remedies, powers and discretions as are reasonably incidental thereto (but subject to any restrictions or limitations specified in this Agreement).
(b) The Security Agent shall not have any duties, obligations or liabilities (whether fiduciary or otherwise) to any Finance Party beyond those expressly stated in the Finance Documents. Those duties are solely of a mechanical and administrative nature as more particularly set out in this Agreement.
(c) The Security Agent declares that it holds the Security Property on trust for the Finance Parties on the terms contained in this Agreement.
(d) In relation to any jurisdiction the courts of which would not recognise or give effect to the trust expressed to be created under paragraph (c), the relationship of the Finance Parties to the Security Agent shall be construed as one of principal and agent but, to the extent permissible under the laws of that jurisdiction, all the other provisions of this Agreement shall have full force and effect between the Parties.
(e) For the purposes of paragraph (d) only, the Borrower hereby undertakes to pay to the Security Agent amounts equal to any amounts owing by it to any Lender or the Facility Agent in respect of the Secured Obligations as and when the same fall due for payment by it under the Finance Documents (the Parallel Debt) so that the Security Agent shall be an obligee of such covenant to pay and the Security Agent shall be entitled to claim performance thereof in its own name and not only as Security Agent acting on behalf of the Lenders. The Parallel Debt owed by the Borrower (i) shall be decreased to the extent that the Secured Obligations to which such Parallel Debt co...
