Common use of Security Trustee’s Actions Clause in Contracts

Security Trustee’s Actions. Subject to the provisions of Clause 14.4 (Security Trustee’s instructions): (a) the Security Trustee may, 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 which in its absolute discretion it considers to be for the protection and benefit of all the Secured Parties; and (b) at any time after receipt by the Security Trustee of notice from the Instructing Group directing the Security Trustee to exercise all or any of its rights, remedies, powers or discretions under any of the Finance Documents, the Security Trustee may, and shall if so directed by the Instructing Group, take any action as in its sole discretion it thinks fit to enforce the Transaction Security.

Security Trustee’s Actions. Subject to the provisions of Clause 14.4 30.4 (Security Trustee’s instructionsInstructions): (a) 30.5.1 the Security Trustee may, 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 which in its absolute discretion it considers to be for the protection and benefit of all the Secured Parties; and (b) 30.5.2 at any time after receipt by the Security Trustee of notice from the Instructing Group Agent directing the Security Trustee to exercise all or any of its rights, remedies, powers or discretions under any of the Finance Documents, the Security Trustee may, and shall if so directed by the Instructing GroupAgent, take any action as in its sole discretion it thinks fit to enforce the Transaction Security.

Security Trustee’s Actions. Subject to the provisions of Clause 14.4 8.3 (Security Trustee’s instructions): (a) 8.4.1 the Security Trustee may, 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 Issue Documents which in its absolute discretion it considers to be for the protection and benefit of all the Secured Parties; and (b) 8.4.2 at any time after receipt by the Security Trustee of notice from the Instructing Group Note Trustee and/or the Warrant Trustee directing the Security Trustee to exercise all or any of its rights, remedies, powers or discretions under any of the Finance Issue Documents, the Security Trustee may, and shall if so directed by the Instructing GroupNote Trustee and/or the Warrant Trustee, take any action as in its sole discretion it thinks fit to enforce the Transaction SecuritySecured Obligations.

Security Trustee’s Actions. Subject to the provisions of Clause 14.4 (Security Trustee’s 's instructions): (a) the Security Trustee may, 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 which in its absolute discretion it considers to be for the protection and benefit of all the Secured Parties; and (b) at any time after receipt by the Security Trustee of notice from the Instructing Group directing the Security Trustee to exercise all or any of its rights, remedies, powers or discretions under any of the Finance Documents, the Security Trustee may, and shall if so directed by the Instructing Group, take any action as in its sole discretion it thinks fit to enforce the Transaction Security.

Security Trustee’s Actions. Subject to the provisions of Clause 14.4 8.3 (Security Trustee’s 's instructions): (a) 8.4.1 the Security Trustee may, in the absence of any instructions to the contrary, take such action in the exercise of any of its powers and duties under the Transaction Finance Documents which in its absolute discretion it considers to be for the protection and benefit of all the Secured Parties; and (b) 8.4.2 at any time after receipt by the Security Trustee of notice from the Instructing Group Bond Trustee and/or the Note Trustee directing the Security Trustee to exercise all or any of its rights, remedies, powers or discretions under any of the Transaction Finance Documents, the Security Trustee may, and shall if so directed by the Instructing GroupBond Trustee and/or the Note Trustee, take any action as in its sole discretion it thinks fit to enforce the Transaction SecuritySecured Obligations.