Security Trust Deed. On the Initial Borrowing Date and to the extent that the Initial Syndication Date has occurred, the Security Trust Deed shall have been executed by the parties thereto and shall be in full force and effect.
Security Trust Deed. Each Lender acknowledges the terms of the Security Trust Deed and, in particular, the terms, basis and limitation on which the Collateral Agent holds the Transaction Security (as defined therein) and specifically agrees and accepts (i) such terms, basis and limitation; (ii) that the Collateral Agent shall, as trustee, have only those duties, obligations and responsibilities expressly specified in the Security Trust Deed; (iii) the limitation and exclusion of the Collateral Agent’s liability as set out therein; and (iv) all other provisions of the Security Trust Deed as if it were a party thereto.
Security Trust Deed. The obligations of the Trustee under the Securities (amongst other things) will be secured to the Securityholders (among others) by the Security Trust Deed which is a Security Trust Deed relating to the Series Trust for the purposes of the Master Trust Deed.
Security Trust Deed. (a) Despite any other provision of this Agreement or another Finance Document to the contrary, each Party agrees that this Agreement and the other Finance Documents are subject in all respects to the Security Trust Deed.
Security Trust Deed. The Trust Deed dated March 27, 1997 by and among the Borrower, FIL, the FIL Agent and the Agent.
Security Trust Deed. Investors agree and acknowledge that pursuant to the Security Trust Deed and an Hedge Security Deed for the relevant Series, the Security Trustee holds a security interest in respect of the Secured Property in relation to each Series of the Units on trust for and on behalf of Investors in the relevant Series and the Security Trustee on the terms of the Security Trust Deed and the relevant Hedge Security Deed.
Security Trust Deed. In order for the Lenders to become beneficiaries under the Australian Security Trust Deed, the Administrative Agent is hereby authorized and instructed to execute as agent on behalf each Lender an Australian Accession Deed. Each Lender authorizes the Administrative Agent to act as its representative for the purposes of the Australian Security Trust Deed in connection with any communication or other dealings with the Australian Security Trustee, and the Australian Security Trustee shall not be required to accept any communication from any other party other than the Administrative Agent with respect to any request, instruction, direction, approval, consent, agreement or other instruction of the Lenders (as beneficiaries) under the Australian Security Trust Deed.
Security Trust Deed. The Security Trust Deed is entered into by Sequoia Specialist Investments Pty Ltd (Sequoia) and the Security Trustee. Under the Security Trust Deed, the Security Trustee is appointed as trustee of each Separate Trust and enters into the Security (including the Hedge Security Deed of a Series) in that capacity. The Security Trust Deed is a Master Security Trust Deed and a number of Separate Trusts are created under the Security Trust Deed. A Separate Trust is created in relation to each Series of Units. Sequoia grants a Security Interest over the relevant Secured Property for that Series in favour of the Security Trustee under the Hedge Security Deed (explained above). The Security Trustee will then hold a security interest in respect of the relevant Secured Property of that Series on trust for itself and each Investor (in proportion to the number of Units an Investor holds) on the terms of the Security Trust Deed until termination of the Separate Trust. The primary function of the Security Trustee is to exercise any right, power or remedy under the Security and enforce the Security of a Series on behalf of the Investors of that Series. Investors of a Series are not allowed to exercise these rights or have any direct recourse to the security constituted by the Security except through the Security Trustee. In exercising these powers, the Security Trustee may request the instructions of the Majority Investors (by way of convening a meeting of Investors) and act in accordance with them or may act as it considers is in the best interests of the Investors and itself as a whole or as it determines in its reasonable discretion. However, where the Majority Investors of a Series have instructed the Security Trustee to exercise a right, power, authority, discretion, or remedy of, or conferred on, the Security Trustee and the Security Trustee fails to do so within 5 Business Days, the Majority Investors of that Series may act on behalf of the Security Trustee to exercise the right, power, authority, discretion, or remedy. Each Separate Trust created under Security Trust Deed will terminate in certain circumstances including when the Security Trustee is satisfied that Sequoia has irrevocably and unconditionally satisfied in full its Secured Obligations in respect of that Separate Trust and the Trust Fund for that Separate Trust is distributed in full. The Security Trustee can resign as trustee of a Separate Trust at any time by giving at least 30 days’ written notice. ...
Security Trust Deed. 1.3.1 Words and expressions defined in the Security Trust Deed will have the same meanings when used in this deed, unless the context otherwise requires. In the case of inconsistency definitions set out in the Security Trust Deed will prevail.
Security Trust Deed. 25.1 Upon the full and irrevocable payment or repayment to the Bank of the Xxxx Indebtedness the Bank agrees that it will, at the cost of Xxxx and in accordance with the reasonable directions of Xxxx:
