Common use of Co-Trustees Clause in Contracts

Co-Trustees. Each of the Trustee and the Security Trustee may, despite Clause 15.1, by written notice to the Issuer appoint anyone to act as an additional Trustee or Security Trustee jointly with the Trustee or the Security Trustee, as applicable: 15.3.1 if the Trustee or the Security Trustee considers the appointment to be in the interests of the Bondholders; 15.3.2 to conform with a legal requirement, restriction or condition in a jurisdiction in which a particular act is to be performed; 15.3.3 to obtain a judgment or to enforce a judgment or any provision of this Trust Deed or any other Transaction Document in any jurisdiction; or 15.3.4 to hold Security in any Owned Asset;

Appears in 5 contracts

Samples: Security Assignment, Security Assignment, Security Assignment

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Co-Trustees. Each of the Trustee and the The Security Trustee may, despite Clause 15.124.1 (Appointment), by written notice to the Issuer (but without the consent of the Issuer or the Bondholders) appoint anyone to act as an additional Trustee or Security Trustee jointly with the Trustee or the Security Trustee, as applicable: 15.3.1 24.3.1 if the Trustee or the Security Trustee considers the appointment to be in the interests of the BondholdersSecured Creditors; 15.3.2 24.3.2 to conform with a legal requirement, restriction or condition in a jurisdiction in which a particular act is to be performed;; or 15.3.3 24.3.3 to obtain a judgment or to enforce a judgment or any provision of this Trust Deed or any other Transaction Document in any jurisdiction; or 15.3.4 to hold Security in any Owned Asset;.

Appears in 1 contract

Samples: Deed of Charge

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