Common Security Agent definition

Common Security Agent has the meaning given to it in the Intercreditor Agreement.

Common Security Agent means Nordic Trustee Oy or any successor, transferee, replacement or assignee thereof, which has become the Security Agent in accordance with the Intercreditor Agreement, holding the Common Transaction Security on behalf of the Common Secured Parties.

Common Security Agent means GLAS Trust Company LLC, in its capacity as Collateral Trustee under and as defined in the Intercreditor Agreement.

Examples of Common Security Agent in a sentence

• Each Creditor shall supply the Common Security Agent with any information that the Common Security Agent may reasonably specify as being necessary or desirable to enable the Common Security Agent to perform its functions as Common Security Agent.

• The Common Security Agent may accept deposits from, lend money to and generally engage in any kind of banking or other business with any member of the Group.

• The Common Security Agent shall not be bound to account to any other Secured Party for any sum or the profit element of any sum received by it for its own account.

• The Common Security Agent shall not present any of the Livranças for payment until after the delivery of an Enforcement Notice to the Company and each Guarantor.

• Any amount paid or distributed by a Creditor (a “Recovering Creditor”) to the Common Security Agent under Clause 12 (Effect of Insolvency Event) or Clause 13 (Turnover of receipts) shall be treated as having been paid or distributed by the relevant Debtor and shall be applied by the Common Security Agent in accordance with Clause 19 (Application of proceeds).

More Definitions of Common Security Agent

Common Security Agent means Citicorp International Limited.

Common Security Agent has the meaning given to that term in the Intercreditor Agreement.

Common Security Agent means Citibank N.A., London Branch, and its successors and assigns, as the Common Security Agent under the Intercreditor Agreement.

Common Security Agent means Wilmington Trust (London) Limited or an Affiliate thereof or any successor or replacement security agent, acting in such capacity, under the Intercreditor Agreement.

Common Security Agent means OP Corporate Bank plc or any successor, transferee, replacement or assignee thereof, which has become the Common Security Agent in accordance with the Intercreditor Agreement.

Common Security Agent means the Law Debenture Trust Corporation plc, as appointed under the Common Security Agreement.

Common Security Agent s Spot Rate of Exchange” means, in respect of the conversion of one currency (the “First Currency”) into another currency (the “Second Currency”) the Common Security Agent’s spot rate of exchange for the purchase of the Second Currency with the First Currency in the Hong Kong or Macau foreign exchange market at or about 11:00 a.m. (Hong Kong time) on a particular day, which shall be notified by the Common Security Agent in accordance with paragraph (e) of Clause 21.4 (Duties of the Common Security Agent).