Common use of Role of the Interim Security Agent Clause in Contracts

Role of the Interim Security Agent. (a) The Interim Security Agent declares that it shall hold the Interim Security on trust for itself and the other Interim Finance Parties on the terms contained in this Agreement and shall administer the Interim Security Documents for itself and the other Interim Finance Parties and will apply all payments and other benefits received by it under the Interim Security Documents in accordance with the Interim Finance Documents.

Role of the Interim Security Agent. (aA) The Without prejudice to paragraph (i) of Clause 15.1 (Interim Security Agent declares that it shall hold as holder of security), the Interim Security on trust for itself and the other Interim Finance Parties on the terms contained in this Agreement and Agent shall administer the Interim Security Documents (and where appropriate hold the benefit of the Interim Security Documents on trust) for itself and the other Interim Finance Parties and will apply all payments and other benefits received by it under the Interim Security Documents in accordance with the Interim Finance Documents.

Role of the Interim Security Agent. (a) The Interim Security Agent declares that it shall hold the Interim Security on trust for itself and the other Interim Finance Parties on the terms contained in this Agreement and shall administer the Interim Security Documents (and where appropriate hold the benefit of the Interim Security Documents on trust) for itself and the other Interim Finance Parties and will apply all payments and other benefits received by it under the Interim Security Documents in accordance with the Interim Finance Documents.

Role of the Interim Security Agent. (a) The Interim Security Agent declares that it shall hold the Interim Security on trust trust, as joint and several creditor or as beneficiary of Parallel Debt (as the case may be) for itself and the other Interim Finance Parties on the terms contained in this Agreement and shall administer the Interim Security Documents for itself and the other Interim Finance Parties and will apply all payments and other benefits received by it under the Interim Security Documents in accordance with the Interim Finance Documents.

Role of the Interim Security Agent. (a) The Interim Security Agent declares that it shall hold the Interim Security on trust for itself and as agent of the other Interim Finance Parties on the terms contained in this Agreement and shall administer the Interim Security Documents for itself and the other Interim Finance Parties and will apply all payments and other benefits received by it under the Interim Security Documents in accordance with the Interim Finance Documents.