Common use of Duties of the Security Trustee Clause in Contracts

Duties of the Security Trustee. The Security Trustee shall: (a) hold the Trust Property on trust for the Finance Parties in accordance with their respective entitlements under the Finance Documents; and (b) deal with the Trust Property, in accordance with this Clause 26 and the other provisions of the Finance Documents.

Appears in 3 contracts

Samples: Facility Agreement (Diana Containerships Inc.), Subordinated Facility Agreement (Diana Containerships Inc.), Subordinated Facility Agreement (Diana Shipping Inc.)

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Duties of the Security Trustee. The Security Trustee shall: (a) hold the Trust Property on trust for the Finance Parties in accordance with their respective entitlements under the Finance Documents; and (b) deal with the Trust Property, in accordance with this Clause 26 29 and the other provisions of the Finance Documents.

Appears in 1 contract

Samples: Facility Agreement (Diana Containerships Inc.)

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