Examples of Master Security Trust Deed in a sentence
The Security Trust Deed is a Master Security Trust Deed and a number of Separate Trusts are created under the Security Trust Deed.
C The Manager proposes that the Secured Series Trust be a Secured Series Trust for the purposes of the Master Security Trust Deed.
For the purposes of the Security Trust, the reference in clause 7(a)(i) of the Master Security Trust Deed to “30 days” is replaced with “60 days”.
B The Master Security Trust Deed provides that the Manager may, if it proposes that a Series Trust (as defined in the Master Trust Deed) be a Secured Series Trust (as defined in the Master Security Trust Deed), provide to the Security Trustee and the Trustee a General Security Agreement and upon due execution and delivery of that General Security Agreement by the parties thereto, that Series Trust will become a Secured Series Trust for the purposes of the Master Security Trust Deed.
Clause 26 (“Trustee’s limitation of liability”) of the Master Security Trust Deed is taken to be incorporated in this Deed as if set out in full in it except that any reference to “a Secured Series Trust” or “that Secured Series Trust” is taken to be a reference to the Secured Series Trust.
Without limiting the foregoing, if the consent of the Secured Creditors is obtained in accordance with the preceding sentence the alteration, addition or revocation referred to in clause 23.1(e) or (f) of the Master Security Trust Deed may be made notwithstanding that the amendment, addition or revocation will be or is likely to become materially prejudicial to the rights of the Noteholders, a particular Class of Noteholders or any other Secured Creditor.
The Security Trustee is hereby appointed and agrees to act as trustee of the Security Trust constituted by this Deed on the terms and conditions in the Master Security Trust Deed and this Deed.