Common use of SECURITY FOR THE DEBENTURES Clause in Contracts

SECURITY FOR THE DEBENTURES. 11.1 The Debenture Trustee (acting for the benefit of the Debenture Holders) shall hold the Security created by the Company under or in terms of the Transaction Documents, in its favour, upon trust, subject to the powers and provisions contained herein, for securing the Secured Obligations.

SECURITY FOR THE DEBENTURES. 11.1 (a) The Debenture Trustee (acting for the benefit of the Debenture Holders) shall hold the Security security created by the Company under or in terms of the Transaction Documents, in its favour, upon trust, subject to the powers and provisions contained herein, for securing the Secured Obligations.