Delegation by the Security Trustee. (a) The Security Trustee may, at any time, delegate by power of attorney or otherwise to any person for any period, all or any right, power, authority or discretion vested in it in its capacity as such.
(b) That delegation may be made upon any terms and conditions (including the power to sub delegate) and subject to any restrictions that the Security Trustee may, in its discretion, think fit in the interests of the Finance Parties.
(c) No Security Trustee shall be bound to supervise, or be in any way responsible for any damages, costs or losses incurred by reason of any misconduct, omission or default on the part of any such delegate or sub delegate.
Delegation by the Security Trustee. 8.1.1 The Security Trustee may, at any time, delegate by power of attorney or otherwise to any person for any period, all or any of the rights, powers and discretions vested in it by this Agreement.
8.1.2 The delegation may be made upon any terms and conditions (including the power to sub-delegate) and subject to any restrictions that the Security Trustee may think fit in the interests of the Secured Parties.
8.1.3 The Security Trustee will not be liable for any losses to Junior Party or any liability arising as a result of taking or refraining from taking any action in relation to this Agreement, whether in accordance with an instruction from the Agent or otherwise unless directly caused by its gross negligence or wilful misconduct and references in this Agreement to the Security Trustee will where the context so admits include references to any delegates so appointed.
Delegation by the Security Trustee. Without it being an agreement to release the Security Trustee from any of its obligations hereunder, the Security Trustee may at any time and from time to time, to the extent: (a) permitted by law, and (b) considered desirable or necessary by it, delegate by power of attorney or in any other manner to any person or persons all or any of the rights, powers and discretions which are for the time being exercisable by the Security Trustee under this Agreement or any of the other Finance Documents. Any such delegation may be made upon such terms and conditions as the Security Trustee may think fit, provided that nothing in this clause 22.2.5 shall confer upon the Security Trustee the power to allow any delegate to sub-delegate any such rights, powers and discretions.
Delegation by the Security Trustee. (a) Each of the Security Trustee and any Receiver may, at any time, delegate by power of attorney or otherwise to any person for any period, all or any right, power, authority or discretion vested in it in its capacity as such.
