Common use of POWERS AND DISCRETIONS OF THE SECURITY AGENT Clause in Contracts

POWERS AND DISCRETIONS OF THE SECURITY AGENT. The Security Agent shall have all the powers and discretions conferred upon a trustee by the Trustee Xxx 0000 and/or any other relevant legislation from time to time in force (to the extent not inconsistent herewith) and upon a receiver appointed under the Security Documents or any of them (as though the Security Agent were a receiver thereunder).