Common use of Security Trustee's Powers Clause in Contracts

Security Trustee's Powers. Without prejudice to the generality of the foregoing, at any time after the occurrence of an Event of Default or the security hereby constituted shall have become enforceable, the Security Trustee and any manager, employee, director or officer of the Security Trustee wheresoever situated, may, if the Security Trustee desires (but without being obliged to do so), without further notice and without first appointing a Receiver hereunder, exercise all the powers, rights and discretions conferred by this Deed, either expressly or by implication or reference, on a Receiver.