Examples of Security Trustee in a sentence
Written notice of any such merger, conversion, consolidation or transfer shall be given as soon as possible to the Issuer and (following delivery of an Enforcement Notice) the Security Trustee by the relevant party.
SFV agrees that if a Termination Event occurs, LTES Operator’s rights, and SFV’s obligations, under the LTESA and the PDA are not, and will not be, affected while Security Trustee or any other Enforcing Party is able to or is exercising any right, power or remedy (including those described in this clause 4 or in connection with any Security) in connection with that Termination Event.
Security Trustee must give notice to SFV (copied to LTES Operator) if it has fully and finally discharged all of the Security.
SFV and LTES Operator agree to co-operate with Security Trustee and to execute all documents as are reasonably necessary to give effect to any assignment, transfer or novation (or any combination of these things) under clause 5.1 (“Transfer”).
The parties agree that Security Trustee, or any other Enforcing Party, may but need not, take steps to cure, or procure the cure of, a Termination Event or (where relevant) prevent the occurrence of a Termination Event.