Examples of Facility Security Trustee in a sentence
All three forgiveness dimensions were also negatively associated with psychache (rs = -.40, -.22, -.42, respectively).
The Original Equity Bridge Loan Agreement was fully repaid in 2010 and there are no outstanding obligations on ProjectCo or the current shareholders thereunder.Pursuant to a shareholders support agreement dated 15 December 2005 issued in favour of the Facility Security Trustee (the “Shareholders Support Agreement”), the Initial Shareholders had the obligation to subscribe and pay for ProjectHoldCo Shares and ProjectHoldCo Loan Stock.
The Facility Security Trustee agrees and declares, and each of the other Facility Beneficiaries acknowledges, that, subject to the terms and conditions of this clause 15.3, the Facility Security Trustee holds the Secured Property on trust for itself and the Facility Beneficiaries absolutely.
The Borrower shall pay to the Facility Security Trustee a trustee fee in the amount and at the times agreed in a Fee Letter.
The Facility Agent and/or the GIEK Agent may, without any liability to account to the Facility Lenders or the Facility Beneficiaries (in the case of the Facility Security Trustee), generally engage in any kind of banking or trust business with a Security Party or with a Security Party’s subsidiaries or associated companies or with a Facility Lender or the Facility Beneficiaries (in the case of the Facility Security Trustee) as if it were not the Facility Agent or, as the case may be, the GIEK Agent.
This would entitle the Facility Agent to terminate the Support Period, accelerate and the Facility Security Trustee to enforce its security over RCR and the other RCR Group parties that have provided security.
Where the Facility Security Trustee is named on any insurance policy (including the Insurances) as an insured party and/or loss payee, the Facility Security Trustee shall not be responsible for any loss which may be suffered by reason of, directly or indirectly, its failure to notify the insurers of any material fact relating to the risk assumed by such insurers or any other information of any kind.
For the purposes of this clause, the Facility Security Trustee shall be entitled to rely on any instruction from the Facility Agent on behalf of the relevant Facility Lenders and it will not be liable for acting or refraining from acting in the absence of such instructions.
The Facility Security Trustee agrees and declares, and each of the other Facility Beneficiaries acknowledges, that, subject to the terms and conditions of this clause 15.3, the Facility Security Trustee holds the Secured Property on trust for the Facility Beneficiaries absolutely.
That breach would result in an event of default under the SFA, giving the Facility Agent the right to accelerate and the Facility Security Trustee the right to enforce its security over RCR and the other RCR Group parties that have provided security.Further, RCR will not be able to re-allocate all of its MOFA commitment to the working capital facility.