Offshore Security Agent definition

Offshore Security Agent. “Lenders” and “Finance Parties” shall where the context permits include their respective successors, transferee and permitted assigns and any persons deriving title under them.

Offshore Security Agent means the Offshore Security Agent acting in its capacity as trustee for itself and the other Finance Parties pursuant to the trust declared by Clause 1.2 in respect of holding, releasing and/or reassigning the rights, benefits and interests conferred by Clause 2.1 and, in all other contexts shall mean the Offshore Security Agent on its own behalf and in its capacity as agent and trustee for the Finance Parties and the expression “Finance Parties” shall have the meaning ascribed to it in the Facility Agreement;

Offshore Security Agent means HSBC Corporate Trustee Company (UK) Limited "Onshore Account Bank" means HSBC Bank Middle East Limited.

Examples of Offshore Security Agent in a sentence

• No failure or delay by the Offshore Security Agent in exercising any right, power or remedy hereunder shall impair such right, power or remedy or operate as a waiver thereof, nor shall any single or partial exercise of the same preclude any further exercise thereof or the exercise of any other right, power or remedy.

• All rights, benefits and interests granted to or conferred upon the Offshore Security Agent pursuant to Clause 2.1 and all other rights, powers and discretions granted to or conferred upon the Offshore Security Agent under this Deed shall be held by the Offshore Security Agent on trust for the benefit of itself as agent and trustee and for the Finance Parties from time to time.

• The Offshore Security Agent is authorised to give a good discharge for any moneys received by it pursuant to the exercise of its power of sale and a purchaser shall not be bound to enquire whether the power of sale has arisen as herein provided nor be concerned with the manner of application of the proceeds of sale.

• The Offshore Security Agent may do all acts within its power to administer and manage the trust constituted by this Clause including any full or partial release and/or re-assignment by deed of the rights, benefits and interests conferred by Clause 2.1 or the release of any Shares from this Deed.

• During the continuance of an Event of Default, the Offshore Security Agent or its nominee may, without further notice or authority, sell or dispose of all or any part of the Shares and may apply the proceeds of any such sale or disposition in or towards the discharge of the costs thereby incurred and of the Secured Indebtedness in such manner as it in its absolute discretion thinks fit.

More Definitions of Offshore Security Agent

Offshore Security Agent means Citibank N.A., London Branch;

Offshore Security Agent means the Offshore Security Agent acting in its capacity as trustee for itself and the other Finance Parties pursuant to the trust declared by Clause 1.2 in respect of holding or releasing the rights, benefits and interests conferred by Clause 2.1, and the expression “Finance Parties” shall have the meaning ascribed to it in the Facility Agreement;

Offshore Security Agent. “Onshore Security Agent” and “Finance Party” shall, where the context permits, include their respective successors and permitted assigns and any persons deriving title under them.

Offshore Security Agent means BNY Corporate Trustee Services Limited, acting in that capacity under a Common Terms Agreement between the Company and the Finance Parties for, and insuring the interests of, the Finance Parties, and includes its successors from time to time in that capacity.

Offshore Security Agent means HSBC Corporate Trustee Company (UK) Limited

Offshore Security Agent means Madison Pacific Trust Limited, a trust company with company registration number 1619851 registered under section 78(1) of the Hong Kong Trustee Ordinance (Cap. 29) having its registered office at Suite 1720, 17/F, Tower 1, Admiralty Centre, 18 Harcourt Road Admiralty, Hong Kong, in its capacity as offshore security agent for the Secured Parties (as defined under the Intercreditor Agreement), unless and until a successor replaces it in accordance with the applicable provisions of the Intercreditor Agreement and thereafter means the successor thereof.

Offshore Security Agent shall where the context permits include their respective successors and permitted assigns and any persons deriving title under them.