Common use of SECURITY TRUST AND INTERCREDITOR DEED Clause in Contracts

SECURITY TRUST AND INTERCREDITOR DEED. The parties hereto each acknowledge that the Security Trustee, when acting hereunder, shall be acting in accordance with and subject to the terms of the Security Trust and Intercreditor Deed.

Appears in 5 contracts

Samples: Marconi Corp PLC, Marconi Corp PLC, Marconi Corp PLC

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SECURITY TRUST AND INTERCREDITOR DEED. The parties hereto each acknowledge that the Security Trustee, Trustee when acting hereunder, hereunder shall be acting in accordance with and subject to the terms of the Security Trust and Intercreditor Deed. In the event of a conflict between the terms of this Deed and the Security Trust and Intercreditor Deed, the terms of the Security Trust and Intercreditor Deed shall prevail.

Appears in 1 contract

Samples: Escrow Agreement (Marconi Corp PLC)

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