Role of the Security Agent. The Security Agent shall hold the benefit of the Security Documents on trust for itself and the other Finance Parties and will apply all payments and other benefits received by it under the Security Documents in accordance with the provisions of the Intercreditor Deed.
Appears in 2 contracts
Samples: Senior Credit Agreement (Ocallaghan Barry), Senior Credit Agreement (Delta I Acquisition Inc)
Role of the Security Agent. The Security Agent shall hold or as the benefit of case may be administer the Security Interests created under the Security Documents on trust to which it is party as agent and security trustee for itself its own and the other Finance Parties and will Parties’ benefit, shall apply all payments and other benefits received by it under reason thereof, or otherwise realised thereunder and shall have the rights, duties, remedies and exonerations, in each case as provided in the Security Documents in accordance with the provisions of the Intercreditor DeedTrust Agreement.
Appears in 2 contracts
Samples: Credit Facility Agreement (Merck Kgaa /Fi), Credit Facility Agreement (E. Merck oHG)
Role of the Security Agent. The Security Agent shall hold the benefit of the Security Documents on trust for itself and the other Mezzanine Finance Parties and will apply all payments and other benefits received by it under the Security Documents in accordance with the provisions of the Intercreditor Deed.
Appears in 1 contract
Role of the Security Agent. The Security Agent shall manage the Security Documents (and where appropriate hold the benefit of the Security Documents on trust trust) for itself and the other Finance Parties and will apply all payments and other benefits received by it under the Security Documents in accordance with the provisions of the Intercreditor Deed.
Appears in 1 contract
Samples: Credit Agreement (Fimep Sa)
Role of the Security Agent. The Security Agent shall hold the benefit of the Security Documents on trust to which it is party as agent and security trustee for itself and the other Senior Finance Parties and will to apply all payments and other benefits received by it under the Security Documents by reason thereof, or otherwise realised thereunder, in accordance with the provisions of the Intercreditor Deedthis Agreement.
Appears in 1 contract
Role of the Security Agent. The Security Agent shall hold the benefit of the Security Documents on trust for itself and the other Finance Parties and will apply all payments and other benefits received by it under the Security Documents in accordance with the provisions of the Intercreditor DeedFinance Documents.
Appears in 1 contract
