Security Trustee's Power to Borrow Sample Clauses

Security Trustee's Power to Borrow. For each Series of Loan Notes, the Security Trustee on behalf of the relevant Loan Note Holder(s) may raise and borrow money on the security of all or any of the Secured Property relating to such Series of Loan Notes for the purpose of defraying any Liabilities paid or incurred by it in relation to this Deed (including the costs of realising security and the remuneration of the Security Trustee) and any relevant Loan Note Supplement relating to such Series of Loan Notes or in the exercise of any of the powers contained in this Deed and any relevant Loan Note Supplement relating to such Series of Loan Notes. The Security Trustee, on behalf of the relevant Loan Note Holder(s), may raise and borrow such money at such rate of interest and generally on such terms and conditions as it shall think fit and may secure the repayment of the money so raised or borrowed with interest on the same by mortgaging or otherwise charging or securing all or any of the Secured Property relating to such Series of Loan Notes in such manner and form as the Security Trustee on behalf of the relevant Loan Note Holder(s) may think fit (which mortgage or other charge may rank in priority to, pari passu with or after the Security) and for such purposes may execute and do all such assurances and things as it may think fit and no person lending any such money shall be concerned to enquire as to the propriety or purpose of the exercise of any power of the Security Trustee or to see to the application of any money so raised or borrowed. Notwithstanding the foregoing, in relation to any Series of Loan Notes, if a Term Series Direction or a VFN Series Direction (as appropriate) is given in relation to any of the above matters, the Security Trustee shall act in accordance with such direction, save that the Security Trustee shall not be obliged to act contrary to its own interests.