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 Citicorp International Limited.

Examples of Common Security Agent in a sentence

• This agreement enters into force on the date on which it is signed by both parties hereto and terminates without further notice from any of the parties on the earlier of (i) when the Common Security Agent determines (acting reasonably) that all obligations of the Company and the Common Security Agent under the Common Secured Finance Documents and this agreement have been fulfilled or (ii) when the Common Security Agent has resigned or been replaced in accordance with the Common Secured Finance Documents.

• The first payment of the annual joint fee is to be made upon the date on which the Common Security Agent enters into the Intercreditor Agreement and thereafter on each anniversary of the first payment date.

• The Company shall cover all documented costs and expenses reasonably incurred by the Common Security Agent, including (but not limited to) costs for external advisors engaged by the Common Security Agent in accordance with the Common Secured Finance Documents or otherwise as agreed between the Common Security Agent and the Company.

• The Company hereby appoints the Common Security Agent to act as common security agent in accordance with the terms of the Common Secured Finance Documents, and the Common Security Agent hereby accepts such appointment upon the condition that the Common Secured Finance Documents to which the Common Security Agent shall be party are in form and substance satisfactory to the Common Security Agent (taking into account only the perspective of the Common Security Agent).

More Definitions of Common Security Agent

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

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 the Law Debenture Trust Corporation plc, as appointed under the Common Security 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 Citibank N.A., London Branch, and its successors and assigns, as the Common Security Agent under the Intercreditor Agreement.

Common Security Agent means ING Bank N.V. as Security Agent for the SDLP Finance Parties.