Common use of Security Agent as trustee Clause in Contracts

Security Agent as trustee. (a) The Security Agent declares that it holds the Transaction Security on trust or the Secured Parties on the terms contained in this Agreement. (b) Each of the Secured Parties authorises the Security Agent to perform the duties, obligations and responsibilities and to exercise the rights, powers, authorities and discretions specifically given to the Security Agent under or in connection with the Finance Documents together with any other incidental rights, powers, authorities and discretions.

Appears in 5 contracts

Samples: Facility Agreement (Bristow Group Inc.), Facility Agreement (Bristow Group Inc.), Facility Agreement (Bristow Group Inc.)

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Security Agent as trustee. (a) The Security Agent declares that it holds the Transaction Security Property on trust or for the Secured Parties and the Export Credit Agency on the terms contained in this Agreement. Agreement and shall deal with the Security Property in accordance with this Clause 31 (bThe Security Agent) Each and the other provisions of the Secured Parties authorises the Security Agent to perform the duties, obligations and responsibilities and to exercise the rights, powers, authorities and discretions specifically given to the Security Agent under or in connection with the Finance Documents together with any other incidental rights, powers, authorities and discretionsDocuments.

Appears in 4 contracts

Samples: Loan Agreement (Norwegian Cruise Line Holdings Ltd.), Loan Agreement (Norwegian Cruise Line Holdings Ltd.), Loan Agreement (Norwegian Cruise Line Holdings Ltd.)

Security Agent as trustee. (a) The Security Agent declares that it holds the Transaction Security Property (as defined in in the Intercreditor Agreement) on trust or for the Secured Parties on the terms contained in this Agreement. (b) Each of the Secured Parties authorises the Security Agent to perform the duties, obligations and responsibilities and to exercise the rights, powers, authorities and discretions specifically given to the Security Agent under or in connection with the Finance Documents together with any other incidental rights, powers, authorities and discretions."

Appears in 2 contracts

Samples: Wgo Facility Agreement, Wgo Facility Agreement

Security Agent as trustee. (a) The Security Agent declares that it holds the Transaction Security Property on trust or for itself and the Secured other Finance Parties on the terms contained in this Agreement. (b) Each of the Secured Parties authorises the Security Agent to perform the duties, obligations and responsibilities and to exercise the rights, powers, authorities and discretions specifically given to the Security Agent under or in connection with the Finance Documents together with any other incidental rights, powers, authorities and discretions.

Appears in 2 contracts

Samples: Facility Agreement (Danaos Corp), Facility Agreement (Hoegh LNG Partners LP)

Security Agent as trustee. (a) The Security Agent declares that it holds the Transaction Security Property on trust or for the Secured Parties on the terms contained in this Agreement. (b) Each of the Secured Parties authorises the Security Agent to perform the duties, obligations and responsibilities and to exercise the rights, powers, authorities and discretions specifically given to the Security Agent under or in connection with the Finance Documents together with any other incidental rights, powers, authorities and discretions.

Appears in 2 contracts

Samples: Syndication and Amendment Agreement (Igate Corp), Facilities Agreement (Igate Corp)

Security Agent as trustee. (a) The Security Agent declares that it holds the Transaction Security on trust or for the Secured Parties Funders on the terms contained in this Agreement. (b) . Each of the Secured Parties Facility Agent, the Arranger and each Funder authorises the Security Agent to perform the duties, obligations and responsibilities and to exercise the rights, powers, authorities and discretions specifically given to the Security Agent under or in connection with the Finance Documents together with any other incidental rights, powers, authorities and discretions.

Appears in 1 contract

Samples: Facility Agreement

Security Agent as trustee. (a) The Security Agent declares that it holds the Transaction Security Property on trust or for the Secured Parties on the terms contained in this AgreementAgreement (subject to paragraph (c)). (b) Each of the Secured Parties Senior Creditors authorises the Security Agent to perform the duties, obligations and responsibilities and to exercise the rights, powers, authorities and discretions specifically given to the Security Agent under or in connection with the Finance Debt Documents together with any other incidental rights, powers, authorities and discretions.

Appears in 1 contract

Samples: Deed of Amendment Agreement (RISE Education Cayman LTD)

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Security Agent as trustee. (a) The Security Agent declares that it holds the Transaction Security on trust or for the Secured Parties on the terms contained in this Agreementagreement. (b) Each of the Secured other Finance Parties authorises the Security Agent to perform the duties, obligations and responsibilities and to exercise the rights, powers, authorities and discretions specifically given to the Security Agent under or in connection with the Finance Documents together with any other incidental rights, powers, authorities and discretions.

Appears in 1 contract

Samples: Term Facility Agreement (Enstar Group LTD)

Security Agent as trustee. (a) The Security Agent declares that it holds the Transaction Security Property on trust or for the Secured Parties Creditors on the terms contained in this Agreement. (b) Each of the Secured Parties Creditors authorises the Security Agent to perform the duties, obligations and responsibilities and to exercise the rights, powers, authorities and discretions specifically given to the Security Agent under or in connection with the Finance Debt Documents together with any other incidental rights, powers, authorities and discretions. (c) Subject to Clause 19.3 (

Appears in 1 contract

Samples: Intercreditor Agreement

Security Agent as trustee. (a) The Security Agent declares that it holds the Transaction Security on trust or for the Secured Parties on the terms contained in this Agreement. (b) Each of the Secured Parties Agent, the Arranger and each Lender authorises the Security Agent to perform the duties, obligations and responsibilities and to exercise the rights, powers, authorities and discretions specifically given to the Security Agent under or in connection with the Finance Documents together with any other incidental rights, powers, authorities and discretions.

Appears in 1 contract

Samples: Facility Agreement (Ozon Holdings PLC)

Security Agent as trustee. (a) 27.1.1 The Security Agent declares that it holds the Transaction Security on trust or for the Secured Parties on the terms contained in this Agreement. (b) 27.1.2 Each of the Secured Parties Facility Agent, the Arranger and each Lender authorises the Security Agent to perform the duties, obligations and responsibilities and to exercise the rights, powers, authorities and discretions specifically given to the Security Agent under or in connection with the Finance Documents together with any other incidental rights, powers, authorities and discretions.

Appears in 1 contract

Samples: Facility Agreement (Powerfleet, Inc.)

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