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 security trustee for the benefit of the Transaction Creditors. The Security Trustee shall exercise its respective 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. If there is a conflict between the interest of the Class A Noteholders and any other Transaction Creditor, the interests of the Class A Noteholders shall prevail.