BENEFIT OF SECURITY. The benefit of the provisions of the Credit Documents directly relating to the Security shall extend to and be available to any Lender Hedge Provider and the Agent or the Collateral Agent, as applicable, will hold such Security as trustee on behalf of each Lender Hedge Provider in accordance with the provisions of the Credit Documents for any Lender Hedge Provider and will hold and enforce such benefits in accordance with the Credit Documents on behalf of the Lender Hedge Providers as long as, by accepting such benefits, such Lender Hedge Provider agrees, as among the Collateral Agent, the Agent and all the Lenders that such Lender Hedge Provider is bound by (and, if requested by the Collateral Agent or the Agent, as applicable, shall confirm such agreement in a writing in form and substance acceptable to the Collateral Agent or the Agent, as applicable) the Credit Documents and subject to Section 16.16(2), the decisions and actions of the Collateral Agent, the Agent and the Majority Lenders (or, where expressly required by the terms of this Agreement, a greater proportion of the Lenders as required herein) to the same extent a Lender is bound; provided, however, that, notwithstanding the foregoing (a) each of the Collateral Agent, the Agent and the Lenders shall be entitled to act at its sole discretion, without regard to the interest of any Lender Hedge Provider, regardless of whether any Obligation owing to any Lender Hedge Provider remains outstanding, or any Lender Hedge Provider is deprived of the benefit of the collateral subject to the Security, becomes unsecured or is otherwise affected or put in jeopardy thereby, and without any duty or liability to such Lender Hedge Provider or any such Obligation owing to a Lender Hedge Provider (and, in particular, the Collateral Agent or the Agent, as applicable, will not be a fiduciary of any Lender Hedge Provider) and (b) subject to Section 16.16(2), no Lender Hedge Provider shall have any right to be notified of, consent to, direct, require or be heard with respect to, any action taken or omitted in respect of the Security or under any Credit Document.
BENEFIT OF SECURITY. This Charge shall be binding upon and enure to the benefit of each party hereto and its successors and permitted assigns. The Borrower may not assign or transfer all or any part of its rights, benefits and obligations hereunder.
BENEFIT OF SECURITY to take the benefit (in whole or in part) of any security enjoyed in connection with the Notes or the Deed of Covenant by any Beneficiary; and/or
BENEFIT OF SECURITY. The Guarantor has not taken or received the benefit of any lien from the Borrower, any RRL Group Company or any other person in respect of its liabilities under this Deed. SCHEDULE 2 COVENANTS
BENEFIT OF SECURITY. Set-Off; Sharing of Payments.... 10.04
BENEFIT OF SECURITY. The Agent will hold the benefit of the Charge as trustee for the Lenders in respect of amounts payable under the Finance Documents.
BENEFIT OF SECURITY. The Debenture Trustee shall hold the Security Interest created by the relevant Security Providers under the Security Documents in its favour, upon trust for the benefit of the NCD Holders, subject to the powers and provisions contained therein, for securing the Obligations under the Transaction Documents.
BENEFIT OF SECURITY the creation by the Issuer of any security over its undertaking and assets in accordance with the terms of the Deed of Charge will not render the Issuer liable to offer or extend the benefit of such security to any persons other than the Trustee (as trustee on behalf of the creditors secured pursuant to the Deed of Charge);
BENEFIT OF SECURITY. The Mortgagor acknowledges and agrees that the Collateral Agent enters into this Share Mortgage Agreement and holds the benefit of this security and the rights conferred under this Share Mortgage Agreement as agent and trustee for each of the Beneficiaries, subject to such terms and conditions as may from time to time be set out in this Share Mortgage Agreement or in the Indenture or in any other agreement entered into between the Collateral Agent and the other Beneficiaries.
BENEFIT OF SECURITY. The Security shall enure to the benefit of the Administration Agent and each of the Lenders until this Agreement is terminated and all indebtedness and liability of each Obligor to all the Lenders and any of them, whether under this Agreement or otherwise, shall have been paid. The provisions of this Section shall have effect notwithstanding that any obligations may at any time or from time to time be fully discharged while this Agreement is still in full force and effect. None of the Security Documents shall be amended, released or discharged, in whole or in part, without the prior written consent of all of the Lenders, acting reasonably. The Security shall continue to be effective or be reinstated, as the case may be, if at any time any amount received by a Security Agent, the Administration Agent or the Lenders in respect of the Credit Facilities or any Document is rescinded or must otherwise be restored or returned upon the occurrence of a Bankruptcy Event with respect to any Obligor or any substantial part of any Obligor's properties, or otherwise, all as though that amount had not been received.
