Common use of POSITION OF THE SECURITY TRUSTEE IN RELATION TO THE TRANSACTION CREDITORS Clause in Contracts

POSITION OF THE SECURITY TRUSTEE IN RELATION TO THE TRANSACTION CREDITORS. 3.1 The Security Trustee carries out the duties specified in this Agreement as a trustee for the benefit of the Transaction Creditors. The Security Trustee shall exercise its duties hereunder with particular regard to the interests of the Transaction Creditors, giving priority to the interests of each Transaction Creditor in accordance with the Order of Priority, especially to the interests of the Noteholders.