Common use of Security Trustee a party Clause in Contracts

Security Trustee a party. (A) The Security Trustee has agreed to become a party to this Agreement for the better preservation and enforcement of its rights under this Agreement and the Security Trust Deed, but shall not have any responsibility for any of the obligations of any of the other parties thereto, and the Transaction Parties party to this Agreement acknowledge the Security Trustee has no such responsibilities.

Security Trustee a party. (A) The It is hereby acknowledged and agreed that by its execution of this Agreement the Security Trustee shall not assume or have any obligations or liabilities to any Party or any third party under this Agreement notwithstanding any provision herein and that the Security Trustee has agreed to become a party to this Agreement Party for the better preservation and enforcement purpose only of its rights under taking the benefit of this Agreement and the Security Trust Deed, but shall not have any responsibility for any of the obligations of any of the other parties thereto, and the Transaction Parties party to this Agreement acknowledge the Security Trustee has no such responsibilitiesAgreement.