THE SECURITY TRUSTEE AS A PARTY Sample Clauses

THE SECURITY TRUSTEE AS A PARTY. 22.1 The Security Trustee has agreed to become a party to this Agreement only for the purposes of taking the benefit of the contractual provisions expressed to be given in its favour and enabling the better preservation and enforcement of its rights under this Agreement and the Transaction Documents and shall not assume any liabilities or obligations whatsoever under this Agreement.
Sample 1Sample 2Sample 3See All (37)
AutoNDA by SimpleDocs
THE SECURITY TRUSTEE AS A PARTY. Except in respect of the Trust Agreement, the Security Trustee is a party to the Transaction Documents solely for the better preservation and enforcement of its rights thereunder and shall not assume any responsibility, liabilities or obligations under any Transaction Document unless such obligation or liability is expressly assumed by the Security Trustee in such Transaction Document.
Sample 1Sample 2Sample 3See All (19)
THE SECURITY TRUSTEE AS A PARTY. 3.1 The Security Trustee hereby becomes party to this agreement between the Account Bank and the Issuer relating to the opening and/or maintaining:
Sample 1Sample 2Sample 3See All (7)
THE SECURITY TRUSTEE AS A PARTY. The Security Trustee is a party hereto solely for taking benefit of various covenants and other obligations of other parties hereto and shall incur no liability in connection with this Agreement and/or the transactions hereby envisaged. Schedule 1 TRUST AGREEMENT (please refer to the separate Trust Agreement) Schedule 2 FORM OF PAYMENT INSTRUCTION [] [] For the attention of: [] [DATE] Account Agreement We refer to the agreement dated 25 May 2016, as amended from time to time, between, inter alia, Driver UK Master S.A., acting for and on behalf of its Compartment 3 and The Bank of New York Mellon, London Branch as Account Bank (the "Account Agreement"). Words and expressions used in this Payment Instruction shall have the same meanings as in the Account Agreement. This Payment Instruction is being provided to you in accordance with Clause 6 (Operating/Release Procedure) of the Account Agreement. You are instructed to pay the following amount[s] from the Account[s] specified below to: [Name of the Account/Debit Account Number] (a) [Correspondent Bank] [Swift Code]/[ABA number (if dollars)]: (b) [Beneficiary Bank] [SWIFT Code/[Sort Code/(if sterling)]] (c) [Account Name]
Sample 1Sample 2See All (4)
THE SECURITY TRUSTEE AS A PARTY. The Security Trustee is a party hereto solely for taking benefit of various covenants and other obligations of other parties hereto and shall incur no liability in connection with this Agreement and/or the transactions hereby envisaged. Schedule 1 Trust Agreement (Please refer to the separate Trust Agreement) Schedule 2 Form of Payment Instruction [⚫] [⚫] For the attention of: [⚫] [DATE] Account Agreement We refer to the Agreement dated 19 November 2013, as amended from time to time, between, inter alia, Driver UK Master S.A., acting for and on behalf of its Compartment 2 and HSBC Bank Plc as Account Bank (the "Account Agreement"). Words and expressions used in this Payment Instruction shall have the same meanings as in the Account Agreement. This Payment Instruction is being provided to you in accordance with [Clause 7] (Operating/Release Procedure) of the Account Agreement. You are instructed to pay the following amount[s] from the Account[s] specified below to: [Name of the Account/Debit Account Number] (a) [Correspondent Bank] [Swift Code]/ [ABA number (if dollars)]: (b) [Beneficiary Bank] [SWIFT Code/ [Sort Code/ (if sterling)]] (c) [Account Name]
Sample 1Sample 2See All (4)
THE SECURITY TRUSTEE AS A PARTY. The Security Trustee is a party hereto solely for taking benefit of various covenants and other obligations of other parties hereto and shall incur no liability in connection with this Agreement and/or the transactions hereby envisaged. In Witness Whereof the parties hereto have executed this Agreement on the day and year first before written. Schedule 1 Form of Subordinated Loan Advance Notice [Letterhead of Issuer] To: Volkswagen Financial Services (UK) Limited Attn:
Sample 1Sample 2
THE SECURITY TRUSTEE AS A PARTY. The Security Trustee is a party hereto solely for taking benefit of various covenants and other obligations of other parties hereto and shall incur no liability in connection with this Agreement and/or the transactions hereby envisaged. In Witness Whereof the parties hereto have executed this Agreement on the day and year first before written. Schedule 1 Form of Subordinated Loan Advance Notice [Letterhead of Issuer] To: Volkswagen International Xxxxxxxxx X.X. Attention: Xxxxx Xxxxxxxx 00-00, Xxxxx x'Xxxxx Xxxx B L-8009 Strassen Luxembourg E-Mail: xxxxx.xxxxxxxx.vfl@xxxxxxxxxx.xx Fax: +000 00 00 00-00 Date:
Sample 1
AutoNDA by SimpleDocs
THE SECURITY TRUSTEE AS A PARTY. The Security Trustee is a party hereto solely for taking benefit of various covenants and other obligations of other parties hereto and shall incur no liability in connection with this Agreement and/or the transactions hereby envisaged. SCHEDULE 1 Trust Agreement (Please refer to the separate Trust Agreement) SCHEDULE 2 Form of Payment Instruction [] [] For the attention of: [] [DATE] Account Agreement We refer to the Agreement dated 19 November 2013, as amended from time to time, between, inter alia, Driver UK Master S.A., acting for and on behalf of its Compartment 2 and HSBC Bank Plc as Account Bank (the "Account Agreement"). Words and expressions used in this Payment Instruction shall have the same meanings as in the Account Agreement. This Payment Instruction is being provided to you in accordance with [Clause 6] (Operating/Release Procedure) of the Account Agreement. You are instructed to pay the following amount[s] from the Account[s] specified below to: [Name of the Account/Debit Account Number] (a) [Correspondent Bank] [Swift Code]/ [ABA number (if dollars)]:
Sample 1

Related to THE SECURITY TRUSTEE AS A PARTY

  • Grant of Security Interest/Remedies To secure its obligations under this Agreement and to the extent Seller delivers the Collateral Requirement, as applicable, hereunder, Seller hereby grants to Buyer, as the secured party, a first priority security interest in, and lien on (and right of setoff against), and assignment of, all such Collateral Requirement posted with Buyer in the form of cash or Letter of Credit and any and all proceeds resulting therefrom or the liquidation thereof, whether now or hereafter held by, on behalf of, or for the benefit of, Buyer. Within thirty (30) days of the delivery of the Collateral Requirement, Seller agrees to take such action as Buyer reasonably requires in order to perfect a first-priority security interest in, and lien on (and right of setoff against), such Collateral Requirement and any and all proceeds resulting therefrom or from the liquidation thereof. Upon or any time after the occurrence of an Event of Default, an Early Termination Date or an occasion provided for in this Agreement where Buyer is authorized to retain all or a portion of the Collateral Requirement, Buyer may do any one or more of the following: (a) exercise any of the rights and remedies of a secured party with respect to the Collateral Requirement, as applicable, including any such rights and remedies under Law then in effect; (b) exercise its rights of setoff against any and all property of Seller in the possession of the Buyer or Buyer’s agent; (c) draw on any outstanding Letter of Credit issued for its benefit or retain any cash deposit; and (d) liquidate the Collateral Requirement then held by or for the benefit of Buyer free from any claim or right of any nature whatsoever of Seller, including any equity or right of purchase or redemption by Seller. Buyer shall apply the proceeds of the collateral realized upon the exercise of any such rights or remedies to reduce Seller’s obligations under the Agreement (Seller remaining liable for any amounts owing to Buyer after such application), subject to the Buyer’s obligation to return any surplus proceeds remaining after such obligations are satisfied in full.

  • the Academy Trust (1) agrees that before making an application pursuant to the Religious Character of Schools (Designation Procedure) (Independent Schools) (England) Regulations 2003 for the Academy to be designated as a school with religious character it shall seek the prior written consent of the Secretary of State;

  • Where the Academy Trust is seeking a specific EAG for any Academy Financial Year, it must send a letter outlining its proposals and the reasons for the request to the DfE. Arrangements for paying GAG and EAG

  • Security Interest Absolute All rights of the Secured Party and all Obligations of the Company hereunder, shall be absolute and unconditional, irrespective of: (a) any lack of validity or enforceability of this Agreement, the Notes, the Warrants or any agreement entered into in connection with the foregoing, or any portion hereof or thereof; (b) any change in the time, manner or place of payment or performance of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Notes, the Warrants or any other agreement entered into in connection with the foregoing; (c) any exchange, release or nonperfection of any of the Intellectual Property, or any release or amendment or waiver of or consent to departure from any other Intellectual Property for, or any guaranty, or any other security, for all or any of the Obligations; (d) any action by the Secured Party to obtain, adjust, settle and cancel in its sole discretion any insurance claims or matters made or arising in connection with the Intellectual Property; or (e) any other circumstance which might otherwise constitute any legal or equitable defense available to the Company, or a discharge of all or any part of the Security Interest granted hereby. Until the Obligations shall have been paid and performed in full, the rights of the Secured Party shall continue even if the Obligations are barred for any reason, including, without limitation, the running of the statute of limitations or bankruptcy. The Company expressly waives presentment, protest, notice of protest, demand, notice of nonpayment and demand for performance. In the event that at any time any transfer of any Intellectual Property or any payment received by the Secured Party hereunder shall be deemed by final order of a court of competent jurisdiction to have been a voidable preference or fraudulent conveyance under the bankruptcy or insolvency laws of the United States, or shall be deemed to be otherwise due to any party other than the Secured Party, then, in any such event, the Company's obligations hereunder shall survive cancellation of this Agreement, and shall not be discharged or satisfied by any prior payment thereof and/or cancellation of this Agreement, but shall remain a valid and binding obligation enforceable in accordance with the terms and provisions hereof. The Company waives all right to require the Secured Party to proceed against any other person or to apply any Intellectual Property which the Secured Party may hold at any time, or to marshal assets, or to pursue any other remedy. The Company waives any defense arising by reason of the application of the statute of limitations to any obligation secured hereby.

  • Enforcement and Remedies Executive acknowledges that money damages would not be sufficient remedy for any breach of this Article 6 by Executive, and Company shall be entitled to enforce the provisions of this Article 6 by terminating any payments then owing to Executive under this Agreement and/or to specific performance and injunctive relief as remedies for such breach or any threatened breach. Such remedies shall not be deemed the exclusive remedies for a breach of this Article 6, but shall be in addition to all remedies available at law or in equity to Company, including, without limitation, the recovery of damages from Executive and Executive’s agents involved in such breach and remedies available to Company pursuant to other agreements with Executive.

  • Collateral Agent (i) Collateral Agent may resign at any time by giving thirty (30) days’ prior written notice thereof to Lenders and Company. Upon any such notice of resignation, the Requisite Lenders shall have the right, upon five (5) Business Days’ notice to Company, to appoint a successor Collateral Agent provided, that the appointment of a successor Collateral Agent shall require (so long as no Default or Event of Default has occurred and is continuing) Company’s approval, which approval shall not be unreasonably withheld, delayed or conditioned. If, however, a successor Collateral Agent is not appointed within sixty (60) days after the giving of notice of resignation, the Collateral Agent may petition a court of competent jurisdiction for the appointment of a successor Collateral Agent. Upon the acceptance of any appointment as Collateral Agent hereunder by a successor Collateral Agent, that successor Collateral Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring Collateral Agent and the retiring Collateral Agent shall promptly (i) transfer to such successor Collateral Agent all sums, Securities and other items of Collateral held under the Collateral Documents, together with all records and other documents necessary or appropriate in connection with the performance of the duties of the successor Collateral Agent under the Credit Documents, and (ii) execute and deliver to such successor Collateral Agent such amendments to financing statements, and take such other actions, as may be necessary or appropriate in connection with the appointment of such successor Collateral Agent and the assignment to such successor Collateral Agent of the security interests created under the Collateral Documents, whereupon such retiring Collateral Agent shall be discharged from its duties and obligations hereunder. After any retiring Collateral Agent’s resignation hereunder as Collateral Agent, the provisions of this Section 8 shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Collateral Agent hereunder.

  • Trustee-Documented Trust A trust established under the laws of the Slovak Republic to the extent that the trustee of the trust is a Reporting U.S. Financial Institution, Reporting Model 1 FFI, or Participating FFI and reports all information required to be reported pursuant to the Agreement with respect to all U.S. Reportable Accounts of the trust.

  • Transfer Upon Realization of Pledged, Mortgaged or Charged Escrow Securities (1) You may transfer within escrow to a financial institution the escrow securities you have pledged, mortgaged or charged under section 4.2 to that financial institution as collateral for a loan on realization of the loan.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!