Common use of Security Trustee’s Actions Clause in Contracts

Security Trustee’s Actions. Without prejudice to the provisions of Clause 26.4 (Application of receipts), the Security Trustee may (but shall not be obliged to), in the absence of any instructions to the contrary, take such action in the exercise of any of its powers and duties under the Finance Documents as it considers in its discretion to be appropriate.

Appears in 2 contracts

Samples: Loan Agreement (Prestige Cruises International, Inc.), Loan Agreement (Seven Seas Cruises S. DE R.L.)

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Security Trustee’s Actions. Without prejudice to the provisions of Clause 26.4 29.3 (Application of receipts), the Security Trustee may (but shall not be obliged to), in the absence of any instructions to the contrary, take such action in the exercise of any of its powers and duties under the Finance Documents as it considers in its discretion to be appropriate.

Appears in 2 contracts

Samples: Credit Agreement (DHT Holdings, Inc.), Credit Agreement (DHT Holdings, Inc.)

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Security Trustee’s Actions. (a) Without prejudice to the provisions of Clause 26.4 clause 10 (Application Enforcement of receipts)Transaction Security) and clause 13.3, the Security Trustee may (but shall not be obliged to), in the absence of any instructions to the contrary, take such action in the exercise of any of its powers and duties under the Finance Debt Documents as it considers in its discretion to be appropriate.

Appears in 1 contract

Samples: Note Purchase Agreement (Luxfer Holdings PLC)

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