Examples of Issuer Security Agreement in a sentence
The Issuer Security Trustee has agreed to become a party to this Agreement for the better preservation and enforcement of its rights under the Issuer STID and the Issuer Security Agreement but shall not have any responsibility for any of the obligations of any other Parties hereto and the other Parties hereto acknowledge that the Issuer Security Trustee has no such responsibilities.
If so desired by the Bond Trustee, the Issuer Security Agreement shall be amended, assigned or re- issued, so that the Security Agent is the holder of the relevant Security (on behalf of the Bondholders).
In terms of the Series Issuer Security Agreement, the Issuer’s obligations to the Series Security SPV under the Series Indemnity have been secured by (i) a pledge and (ii) a pledge and cession in securitatem debiti, of the Series Assets in favour of the Series Security SPV.
Upon receipt of such notice, the Security Agent shall procure the release of the security over the Reference Shares in accordance with the provisions of the Issuer Security Agreement.
As Security for the due and punctual fulfilment of its obligations hereunder, on or about the Effective Date the Issuer shall enter into the Issuer Security Agreement.