Common use of Change of Security Agent Clause in Contracts

Change of Security Agent. The Security Agent may assign and transfer all ------------------------ of its rights to the Security Assets and all of its rights and obligations under this Deed to a replacement Security Agent appointed in accordance with this Deed and, when such assignment and transfer takes effect, the replacement Security Agent shall be for all purposes acting as agent and trustee in accordance with the trusts in this Deed.

Appears in 2 contracts

Samples: Facility Agreement (Hawker Pacific Aerospace), Credit Agreement (Hawker Pacific Aerospace)

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Change of Security Agent. The Security Agent may assign and transfer all ------------------------ of its rights to the Security Charged Assets and all of its rights and obligations under this Deed to a replacement Security Agent appointed in accordance with this Deed and, when such assignment and transfer takes effect, the replacement Security Agent shall be for all purposes acting as agent and trustee in accordance with the trusts in this Deed.

Appears in 1 contract

Samples: Credit Agreement (Hawker Pacific Aerospace)

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Change of Security Agent. The Security Agent may assign and transfer ------------------------ all ------------------------ of its rights to the Security Charged Assets and all of its rights and obligations under this Deed to a replacement Security Agent appointed in accordance with this Deed and, when such assignment and transfer takes effect, the replacement Security Agent shall be for all purposes acting as agent and trustee in accordance with the trusts in this Deed.

Appears in 1 contract

Samples: Facility Agreement (Hawker Pacific Aerospace)

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