Common use of Special Appointment of Collateral Agent in Relation to Belgium Clause in Contracts

Special Appointment of Collateral Agent in Relation to Belgium. For the purpose of any Belgian Security Agreements and all security interests created thereunder, each Secured Party: (a) appoints the Collateral Agent as its representative in accordance with (i) Article 5 of the Belgian Act of 15 December 2004 on financial collateral arrangements and several tax dispositions in relation to security collateral arrangements and loans of financial instruments; and (ii) Article 3 of Book III, Title XVII of the Belgian Civil Code, which appointment is hereby accepted; and (b) agrees that the Collateral Agent shall not be severally and jointly liable with the Secured Parties.

Appears in 3 contracts

Samples: Credit Agreement (Novelis Inc.), Credit Agreement (Novelis Inc.), Credit Agreement (Novelis Inc.)

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Special Appointment of Collateral Agent in Relation to Belgium. For the purpose of any Belgian Security Agreements and all security interests created thereunder, each Secured Party: (a) appoints the Collateral Agent as its representative in accordance with (ia) Article 5 of the Belgian Act of 15 December 2004 on financial collateral arrangements and several tax dispositions in relation to security collateral arrangements and loans of financial instruments; and (iib) Article 3 of Book III, Title XVII of the Belgian Civil Code, which appointment is hereby accepted; and (b) agrees that the Collateral Agent shall not be severally and jointly liable with the Secured Parties.

Appears in 3 contracts

Samples: Credit Agreement (Novelis Inc.), Credit Agreement (Novelis Inc.), Credit Agreement (Novelis Inc.)

Special Appointment of Collateral Agent in Relation to Belgium. For the purpose of any Belgian Security Agreements and all security interests created thereunder, each Secured Party: (a) appoints the Collateral Agent as its representative in accordance with (i) Article 5 of the Belgian Act of 15 December 2004 on financial collateral arrangements and several tax dispositions in relation to security collateral arrangements and loans of financial instruments; and (ii) Article 3 of Book III, Title XVII of the Belgian Civil Code, which appointment is hereby accepted; and (b) agrees that the Collateral Agent shall not be severally and jointly liable with the Secured Parties.

Appears in 2 contracts

Samples: Refinancing Amendment to Credit Agreement (Novelis Inc.), Credit Agreement (Novelis Inc.)

Special Appointment of Collateral Agent in Relation to Belgium. For the purpose of any Belgian Security Agreements and all security interests created thereunder, each Secured Party: (a) appoints the Collateral Agent as its representative in accordance with (ia) Article 5 of the Belgian Act of 15 December 2004 on financial collateral arrangements and several tax dispositions in relation to security collateral arrangements and loans of financial instruments; and (iib) Article 3 of Book III, Title XVII of the Belgian Civil Code, which appointment is hereby accepted; and (b) agrees that the Collateral Agent shall not be severally and jointly liable with the Secured Parties.. 1060441.101066947.03-CHISR01A - MSW

Appears in 1 contract

Samples: Credit Agreement (Novelis Inc.)

Special Appointment of Collateral Agent in Relation to Belgium. For the purpose of any Belgian Security Agreements and all security interests created thereunder, each Secured Party: (a) appoints the Collateral Agent as its representative in accordance with (i) Article 5 of the Belgian Act of 15 December 2004 on financial collateral arrangements and several tax dispositions in relation to security collateral arrangements and loans of financial instruments; and (ii) Article 3 of Book III, Title XVII of the Belgian Civil Code, which appointment is hereby accepted; and (b) agrees that the Collateral Agent shall not be severally and jointly liable with the Secured Parties.. 1160299.01-CHISR1160299.03H-CHISR02A - MSW

Appears in 1 contract

Samples: Credit Agreement (Novelis Inc.)

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Special Appointment of Collateral Agent in Relation to Belgium. For the purpose of any Belgian Security Agreements and all security interests created thereunder, each Secured Party: (a) appoints the Collateral Agent as its representative in accordance with (ia) Article 5 of the Belgian Act of 15 December 2004 on financial collateral arrangements and several tax dispositions in relation to security collateral arrangements and loans of financial instruments; and (iib) Article 3 of Book III, Title XVII of the Belgian Civil Code, which appointment is hereby accepted; and and (b) agrees that the Collateral Agent shall not be severally and jointly liable with the Secured Parties.

Appears in 1 contract

Samples: Credit Agreement (Novelis Inc.)

Special Appointment of Collateral Agent in Relation to Belgium. For the purpose of any Belgian Security Agreements and all security interests created thereunder, each Secured Party: (a) appoints the Collateral Agent as its representative in accordance with (ia) Article 5 of the Belgian Act of 15 December 2004 on financial collateral arrangements and several tax dispositions in relation to security collateral arrangements and loans of financial instruments; and 1160381.015-CHISR02A - MSW (iib) Article 3 of Book III, Title XVII of the Belgian Civil Code, which appointment is hereby accepted; and (b) agrees that the Collateral Agent shall not be severally and jointly liable with the Secured Parties.

Appears in 1 contract

Samples: Credit Agreement (Novelis Inc.)

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