The Security Trustee. The Security Trustee has agreed to become a party to this Agreement for the better preservation and enforcement of its rights under this Agreement but shall have no responsibility for any of the obligations of, nor assume any liabilities to, the Cash Manager, the Account Banks, the Mortgages Trustee or Funding hereunder.
The Security Trustee. The Security Trustee has agreed to become a party to this Agreement for the purpose of taking the benefit of, and assuming obligations under, the provisions of this Agreement expressly stated to be for the benefit of or to be assumed by the Security Trustee, for the avoidance of doubt, (including, all future rights and obligations created pursuant to this Agreement) and for the better preservation and enforcement of its rights and the rights of the Secured Creditors under the Deed of Charge and hereunder but shall have no responsibility for any of the obligations of nor assume any liabilities to, any other party to this Agreement. The parties to this Agreement acknowledge that the rights and obligations of the Security Trustee under this Agreement are governed by the Deed of Charge and the provisions for indemnifying the Security Trustee contained therein shall apply mutatis mutandis to this Agreement.
The Security Trustee. 9.1 The Security Trustee shall at all times act as the duly authorised representative (Sw: befullmäktigat ombud) of the Secured Parties, and shall, when exercising its right and fulfilling its obligations under this Agreement, comply with the relevant provisions of the Security Trustee Agreement (as defined in the Indenture).
9.2 The Security Trustee may at any time (1) delegate to any person all or any of its rights, powers and discretions under this Agreement on such terms (including the power to subdelegate) as the Security Trustee sees fit and (2) employ agents, managers, employees, advisers and others on such terms as the Security Trustee sees fit for any of the purposes set out in this Agreement, provided that in each such case it uses due care in selecting such delegate.
The Security Trustee. 4.6.1. The Security Trustee shall serve as the sole liason with the Security Division on behalf of the provider throughout the contract period, coordinating all the actions required on the part of the provider by the provisions thereof, or by any other instruction that may be issued to the provider, from the Security Division in general and the Licensing Office in particular, as well as with the Information and Computers Department.
4.6.2. The Security Trustee shall receive a detailed briefing from an authorized representative of the Security Division, no later than one week after the appointment of the Security Trustee. The briefing shall include explanations and clarifications of the provisions herein. In addition, the Security Trustee shall be provided with additional general security requirements and procedures applying to all the visitors of the Airport area, with which the Security Trustee shall be required to comply and which he or she shall be required to instill in the employees of the provider and any other person acting on the provider's behalf. If the tender relates to matters of information and computers, the Trustee shall additionally be briefed on information security by a competent person from the Information and Computers Department.
4.6.3. The Security Trustee must be closely familiar with the provisions herein and with the other security and information security procedures that apply to the provider and any person on its behalf, and shall be required to enforce them.
4.6.4. The Security Trustee shall maintain regular contact with an authorized representative of the Security Division and Information and Computer Department and shall maintain through this representative with security procedures and rules that may relate to the provider's activity within the Airport area as required.
4.6.5. The Security Trustee shall approve by signature any application for an entry permit for the restricted areas for persons acting on behalf of the provider, and shall maintain ongoing internal monitoring of the validity of existing permits.
4.6.6. The Security Trustee shall attend an introductory meeting with an authorized representative of the Security Division and undergo security briefing by the authorized representative no later than 14 days before the beginning of the provision of services according to the present Procedure.
4.6.7. The Security Trustee is required to brief and update the employees of the provider on the applicable security and infor...
The Security Trustee. The Security Trustee has agreed to become a party to this Agreement for the better preservation and enforcement of its rights under this Agreement but shall have no responsibility for any of the obligations of, nor assume any liabilities to, the Seventh Issuer Cash Manager, the Seventh Issuer Account Bank or the Seventh Issuer hereunder. Furthermore, any liberty or power which may be exercised or made in the Security Trustee's absolute discretion without any obligation to give reasons therefor, but shall in any event be exercised in accordance with the provisions of the Funding 1 Deed of Charge.
The Security Trustee. The Security Trustee has agreed to become a party to this Agreement for the purpose of taking the benefit of contractual provisions expressed to be given in its favour enabling better preservation and enforcement of its rights under the Deed of Charge. The Security Trustee shall not assume any liabilities or obligations under this Agreement. The Security Trustee shall not have any duty to monitor or supervise the performance by the Corporate Services Provider of its duties and obligations under this Agreement or any other Transaction Document (and the Security Trustee shall be entitled to assume that the Corporate Services Provider is performing its duties and obligations thereunder until it has actual knowledge to the contrary) nor shall the Security Trustee be in any way liable for any Liability suffered by any party hereto or any other party resulting from the acts or omissions of the Corporate Services Provider or any of its agents, sub-contractors, representatives or delegates in the discharge of any of the duties and obligations the Corporate Services Provider is obliged to perform as the agent of, among others, the Security Trustee. Subject to Clause 6.7, all the provisions of the Deed of Charge and the Trust Deed relating to the exercise by the Security Trustee of its powers, trusts, authorities, duties, rights and discretions shall apply, mutatis mutandis, to the discharge by the Security Trustee of its powers, trusts, authorities, duties, rights and discretions under this Agreement.
The Security Trustee. 14.1 If there is any change in the identity of the Security Trustee or any additional Security Trustee is appointed in accordance with the Deed of Charge, the parties to this Agreement shall execute such documents and take such action as such successor Security Trustee or additional Security Trustee and the outgoing Security Trustee may reasonably require for the purpose of vesting in such successor Security Trustee or additional Security Trustee the rights and powers of the outgoing Security Trustee under this Agreement and releasing the outgoing Security Trustee from any future obligations under this Agreement.
14.2 The Security Trustee has agreed to become a party to this Agreement to receive the benefit of certain provisions in this Agreement and for the better preservation and enforcement of its rights under this Agreement but shall not assume any obligations or liabilities to, the Issuer, the Cash Manager, the GIC Provider or any other party hereunder. Any liberty or right which may be exercised or any determination which may be made under this Agreement by the Security Trustee may be exercised or made in the Security Trustee's absolute discretion without any obligation to give reasons therefor and the Security Trustee shall not be responsible for any liability occasioned by so acting but subject always to the terms of the Deed of Charge.
14.3 The Security Trustee shall not have any duty to monitor or supervise the performance by the GIC Provider of its duties and obligations under this Agreement or any other Transaction Document (and the Security Trustee shall be entitled to assume that the GIC Provider is performing its duties and obligations thereunder until it has actual knowledge to the contrary) nor shall the Security Trustee be in any way liable for any Liability suffered by any party hereto or any other party resulting from the acts or omissions of the GIC Provider or any of its agents, sub-contractors, representatives or delegates in the discharge of any of the duties and obligations the GIC Provider is obliged to perform as the agent of, among others, the Security Trustee.
14.4 All the provisions of the Deed of Charge and the Trust Deed relating to the exercise by the Security Trustee of its powers, trusts, authorities, duties, rights and discretions shall apply, mutatis mutandis, to the discharge by the Security Trustee of its powers, trusts, authorities, duties, rights and discretions under this Agreement.
14.5 For the avoidance of doubt,...
The Security Trustee. 21.1 Trust Property defined
The Security Trustee. The Security Trustee has agreed to become a party to this Agreement for the purpose of taking the benefit of contractual provisions expressed to be given in its favour enabling better preservation and enforcement of its rights under this Agreement and the Deed of Charge and for administrative ease associated with matters where its consent is required. The Security Trustee shall not assume any liabilities or obligations under this Agreement. All the provisions of the Deed of Charge and the Trust Deed relating to the exercise by the Security Trustee of its powers, trusts, authorities, duties, rights and discretions shall apply, mutatis mutandis, to the discharge by the Security Trustee of its powers, trusts, authorities, duties, rights and discretions under this Agreement.
The Security Trustee. 10 16. Notices.............................................................................. 10 17. Amendments........................................................................... 11 18. Invalidity........................................................................... 11 19.
