Common use of Possession of Documents Clause in Contracts

Possession of Documents. The Security Trustee is not obliged to hold in its own possession any Security Document, title deed or other document in connection with any asset over which security is intended to be created by a Security Document. Without prejudice to the above, the Security Trustee may allow any bank providing safe custody services or any professional adviser to the Security Trustee to retain any of those documents in its possession.

Possession of Documents. The Security Trustee is not obliged to hold in its own possession any Security Document, title deed or other document in connection with any asset over which security is intended to be created by a Security Document. Without prejudice to the above, the Security Trustee may allow any bank providing safe custody services or any professional adviser to the Security Trustee to retain any of those documents in its possession.

Possession of Documents. The Unless the Security Trustee agrees otherwise, the Security Trustee is not obliged to hold in its own possession any share certificate or title deed, any Security Document, title deed Document or other document in connection with any asset over which security is intended to be created by a any Security DocumentDocument in its own possession. Without prejudice to the above, the The Security Trustee may allow any bank providing safe custody services or any professional adviser to the Security Trustee an Obligor to retain any of those such documents in its possessionpossession if it considers it is appropriate to do so.

Possession of Documents. The Security Trustee is not obliged to hold in its own possession any Senior Security Document, title deed or other document in connection with any asset over which security is intended to be created by a Senior Security Document. Without prejudice to the above, the Security Trustee may allow any bank providing safe custody services or any professional adviser to the Security Trustee Administrative Parties to retain any of those documents in its possession.