Appointment of the Security Trustee. The Security Trustee agrees to act as trustee for the Secured Parties upon the terms hereinafter contained.
Appointment of the Security Trustee. (a) The Security Trustee shall:
(i) hold and administer any Transaction Security governed by German law which is security assigned (Sicherungseigentum/Sicherungsabtretung) or otherwise transferred under a non-accessory security right (nicht-akzessorische Sicherheit) to it as trustee (treuhänderisch) for the benefit of the Secured Parties; and
(ii) administer any Transaction Security governed by German law which is pledged (Verpfändung) or otherwise transferred to any Secured Party under an accessory security right (akzessorische Sicherheit) as agent.
(b) Each Secured Party hereby appoints the Security Trustee to act as its trustee and its agent in connection herewith (with power to sub-delegate and under exemption from any restrictions regarding acting on behalf of several parties and acting both on its own behalf as well as on behalf of other parties, as may be contained in applicable local law).
(c) Each Secured Party hereby authorises the Security Trustee (whether or not by or through employees or agents):
(i) to exercise such rights, remedies, powers and discretions as are specifically delegated to or conferred upon the Security Trustee by the terms hereof and/or under the Security Documents together with such rights, remedies, powers and discretions as are reasonably incidental thereto or necessary to give effect to the rights, remedies, powers and discretions of the Security Trustee hereby created;
(ii) to enter into each Security Document for and on their behalf as trustee and as agent;
(iii) to hold the Transaction Security on trust and as security agent for and on their behalf in connection herewith unless otherwise provided under any Transaction Security;
(iv) to acknowledge the provisions of each Security Document, including without limitation any "parallel debt" provision contained therein;
(v) to take such action on its behalf as may from time to time be authorised under or in accordance with the Security Documents and this Agreement; and
(vi) to accept as its representative (Stellvertreter) any pledge or other creation of any accessory security right granted in favour of such Secured Party in connection with the Finance Documents under German law and to agree to and execute on its behalf as its representative (Stellvertreter) any amendments and/or alterations to any Security Document governed by German law which creates a pledge or any other accessory security right (akzessorische Sicherheit) including the release or confirmation of re-lease ...
Appointment of the Security Trustee. 27.17.1 Each Finance Party (except the Security Trustee) appoints the Security Trustee (which accepts such appointment) as its trustee to hold the Security Documents and all rights, powers and benefits, and the proceeds of realisation thereunder in trust for the benefit of the Finance Parties according to their respective entitlements under this Agreement and the other Finance Documents, with the right and power to exercise the rights, powers, authorities and discretions conferred on the Security Trustee under the Security Documents and the other Finance Documents, together with any other incidental rights, powers, authorities and discretions, as if it were beneficially entitled thereto in its own right.
27.17.2 The provisions of Clause 15.3, Clause 17 and Clauses 27.5 to 27.12 (inclusive) and Clause 27.11 shall apply mutatis mutandis to the Security Trustee as if reference to the "Agent" were references also to the Security Trustee, except that the Security Trustee's resignation or removal shall not take effect until all necessary documents have been entered into to substitute its successor as holder of the Security Documents under the trust hereby constituted.
Appointment of the Security Trustee. Each other Finance Party irrevocably appoints and authorizes the Security Trustee to act as security trustee hereunder and under the other Finance Documents (other than the Notes) with such powers as are specifically delegated to the Security Trustee by the terms of this Agreement and such other Finance Documents, together with such other powers as are reasonably incidental thereto.
Appointment of the Security Trustee. 2.1 The Security Trustee agrees to act as trustee for the Secured Creditors upon the terms hereinafter contained.
2.2 The CBC and the Security Trustee undertake to enter into the Parallel Debt Agreement for the benefit of the Secured Creditors.
2.3 When exercising its duties as trustee the Security Trustee shall act in the best interests of each of the Secured Creditors taking into account the provisions of this Trust Deed.
2.4 The Security Trustee hereby declares that it has taken cognisance of the provisions of the Agency Agreement and of the Terms and Conditions and that it will be bound by such provisions and the Terms and Conditions. The Security Trustee agrees to act for the benefit of the Covered Bondholders and the other Secured Creditors, in accordance with and subject to the terms of this Trust Deed. The Security Trustee will have the rights granted to and accepted by it in this Trust Deed, the Agency Agreement, the Terms and Conditions and any of the other Transaction Documents to which it is a party.
2.5 By no later than three o'clock in the afternoon (3.00 p.m.) (Central European Time) on the second (2nd) Business Day preceding each proposed Issue Date, the Issuer shall:
(a) deliver or cause to be delivered to the Security Trustee a copy of the applicable (draft) Final Terms; and
(b) notify the Security Trustee in writing without delay of the Issue Date and the principal amount of the Covered Bonds of the relevant Tranche.
Appointment of the Security Trustee. The terms and basis on which the Security Trustee has been appointed by the Lenders as security trustee are set out in each Proceeds Deed including, amongst other things the manner in which any decision to exercise any right, power, discretion or authority to carry out any duty are to be made between the Lenders and the Security Trustee.
Appointment of the Security Trustee. The Secured Parties appoint the Agent to hold the Security Interests constituted by the UK Loan Documents and the Singapore Loan Documents on trust for the Secured Parties on the terms of the Loan Documents and the Agent accepts that appointment.
Appointment of the Security Trustee. 1.4.1 The Finance Parties irrevocably appoint the Security Trustee as their security trustee of the Collateral for the purpose of this Agreement and the other Transaction Documents.
1.4.2 The Security Trustee accepts such appointment and declares that it shall hold the Collateral on trust for the Finance Parties on the terms contained in this Agreement. #4858-0589-9649v12
1.4.3 Each of the parties to this Agreement agree that the Security Trustee shall have only those duties, obligations and responsibilities expressly specified in this Agreement or in the other Transaction Documents that it is a party to (and no others shall be implied).
Appointment of the Security Trustee. (i) The UK Secured Parties appoint the Administrative Agent to hold the security interests constituted by the UK Security Agreement on trust for the UK Secured Parties on the terms of the Loan Documents and the Administrative Agent accepts that appointment.
(ii) The Administrative Agent, its subsidiaries and associated companies may each retain for its own account and benefit any fee, remuneration and profits paid to it in connection with (1) its activities under the Loan Documents; and (2) its engagement in any kind of banking or other business with any Loan Party.
Appointment of the Security Trustee. Each of the other Banks hereby appoints the Security Trustee to act for and on its behalf as its trustee in connection with this Agreement and the other Security Documents and authorises the Security Trustee to execute each Security and exercise such rights, powers and discretion as are specifically delegated to it by the terms thereof together with such rights, powers and discretions as are reasonably incidental thereto.
