Security Agents definition
Examples of Security Agents in a sentence
Any payments in respect of the Parallel Debt and any proceeds received by the Security Agent may in the case of an insolvency of the Security Agent not be separated from the Security Agent's other assets, so the Secured Parties accept a credit risk on the Security Agent.
The Personalization Key is generated on the Manufacturing Site and transmitted to the Personalization Agent through a secured method (Key Ceremony involving Security Agents on a dedicated secure environment with KMS devices).
At the request and expense of the Issuer or any Guarantor, the Trustee and/or the Security Agents shall execute any document reasonably requested to evidence such release and discharge.
The Security Agent's duties under the Finance Documents are solely mechanical and administrative in nature.
The Security Agents shall be deemed to have actual, constructive, direct or indirect knowledge or notice of the occurrence of any Event of Default only upon receipt by the Security Agents of a written notice or a certificate from the Trustee, stating that an Event of Default has occurred.