Security Trustee division separate. (a) In acting as security trustee for the Secured Parties, the Security Trustee shall be regarded as acting through its trustee division which shall be treated as a separate entity from any of its other divisions or departments.
Appears in 3 contracts
Samples: Agreement (Fx Energy Inc), Agreement (Fx Energy Inc), Agreement (Fx Energy Inc)
Security Trustee division separate. (a) 8.17.1 In acting as security trustee for the Secured Parties, the Security Trustee shall be regarded as acting through its trustee division which shall be treated as a separate entity from any of its other divisions or departments.
Appears in 2 contracts
Security Trustee division separate. (a) In the case where the Security Trustee is acting as security trustee for the Secured Creditor Parties, the Security Trustee shall be regarded as acting through its trustee division which shall be treated as a separate entity from any of its other divisions or departments.
Appears in 2 contracts
Samples: Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Paragon Shipping Inc.)
