Examples of New Security Trustee in a sentence
Publication) of this Agreement and the Issuer has issued a power of attorney to such New Security Trustee having the same contents as the above power of attorney.
Appointment of New Security Trustee and removal of Security Trustee....
Clause 12.1.1 (Negative Pledge) in respect of the Encumbrances to be created by the TCN Entities in favour of the New Security Trustee under the New Restructuring Hedge Security Documents.
Appointment of New Security Trustee and removal of Security Trustee..................46 26.
There can be no assurance that the New Security Trustee will monitor, or that the Group will inform the New Security Trustee of, the future acquisition of property and rights that constitute collateral, and that the necessary action will be taken to properly perfect the security interest in such after-acquired collateral.
It shall expire as soon as a New Security Trustee has been appointed pursuant to Clauses 31 (Termination by the Security Trustee for Good Cause) through 33 (Transfer of Security; Costs; Publication) and the Issuer has issued a power of attorney to such New Security Trustee having the same contents as the above power of attorney.
Such failure may result in the loss of the security interest in the collateral or the priority of the security interest in favour of the Notes and the New Guarantees against third parties.Additionally, the Note Indenture and the security documents entered into in connection with the Notes will not require us to take a number of actions that might improve the perfection or priority of the security interests of the New Security Trustee in the collateral.
The liens on the collateral securing the Notes and the New Guarantees may not be perfected with respect to the claims of the Notes and the New Guarantees if the Issuer, any other relevant Obligor, or the New Security Trustee, fail or are unable to take the actions required to perfect any of these liens.
Appointment of New Security Trustee and removal of Security Trustee...........................
The New Security Trustee hereby agrees to be bound by all of the terms of the CTA as if it had originally been party thereto.