Common use of Duties of Security Trustee Clause in Contracts

Duties of Security Trustee. The Security Trustee shall: 21.2.1 hold the Trust Property on trust for the Banks in accordance with provisions of this Agreement and the other Finance Documents; and 21.2.2 perform and exercise the rights and benefits vested in it and deal with the Trust Property in accordance with the provisions of this Agreement and the other Finance Documents.

Appears in 5 contracts

Samples: Credit Facility Agreement, Loan Agreement (Euronav NV), Credit Facility Agreement (ALTERRA CAPITAL HOLDINGS LTD)

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Duties of Security Trustee. The Security Trustee shall: 21.2.1 17.2.1 hold the Trust Property on trust for the Banks in accordance with provisions of this Agreement and the other Finance Security Documents; and 21.2.2 17.2.2 perform and exercise the rights and benefits vested in it and deal with the Trust Property in accordance with the provisions of this Agreement and the other Finance Security Documents.

Appears in 2 contracts

Samples: Loan Agreement (KNOT Offshore Partners LP), Loan Agreement (KNOT Offshore Partners LP)

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