Security Trustees definition

Security Trustees means, collectively, the First Lien Security Trustee, the Second Lien Security Trustee, the Third Lien Security Trustee and the Fourth Lien Security Trustee, and “Security Trustee” means any one of them.

Security Trustees means the Canadian Security Trustee and the U.S. Security Trustee.

Security Trustees means the Bank Group Security Trustee and the Target Group Security Trustee.

Examples of Security Trustees in a sentence

• Furthermore, any liberty or power which may be exercised or any determination which may be made hereunder by the Security Trustee may be exercised or made in the Security Trustee's absolute discretion without any obligation to give reasons therefor, but in any event must be exercised or made in accordance with the provisions of the Funding Deed of Charge.

• Any liberty or right which may be exercised or any determination which may be made under this Agreement by the Security Trustee may be exercised or made in the Security Trustee's absolute discretion without any obligation to give reasons therefor and the Security Trustee shall not be responsible for any liability occasioned by so acting but subject always to the terms of the Deed of Charge.

• An extract from the Security Trustee's records signed by any duly authorised officer of the Security Trustee shall, in the absence of any manifest error, be conclusive for the purpose of this Agreement and shall constitute prima facie evidence in any legal action or proceedings arising out of or in connection with this Agreement.

• Notwithstanding the preceding paragraphs, any Extraordinary Resolution to direct the Security Trustee (i) to accelerate the Covered Bonds pursuant to Condition 10 (Events of Default and Enforcement); (ii) to take any enforcement action, or (iii) to remove or replace the Security Trustee's Director shall only be capable of being passed by a Programme Resolution.

• The parties hereto agree that the Security Trustee has used due care and skill in appointing the Servicer as the Security Trustee's agent and in accordance with clause 2.1 (Appointment of Servicer) hereof, each agree that the Security Trustee is not responsible for the actions of the Servicer and that accordingly no party hereto shall be entitled to make any claim or take any other action against the Security Trustee by virtue of the Servicer acting as the Security Trustee's agent.

More Definitions of Security Trustees

Security Trustees means the Australian Security Trustee and the UK Security Trustee, or either of them as the context requires.

Security Trustees means Wellx Xxxgo Bank, N.A. and R. T. Xxxxxxxx, xx Trustees, under the Indenture of Mortgage, and their respective successors in trust thereunder, and whenever any action shall be required to be taken herein by the Security Trustees or notice be given to the Security Trustees, action by or notice to either Trustee shall constitute compliance therewith.

Security Trustees means the Funding 1 Security Trustee, the Funding 2 Security Trustee or the Bank of New York (or any successor thereto) as security trustee pursuant to the First Issuer Deed of Charge, Second Issuer Deed of Charge, Third Issuer Deed of Charge, Fourth Issuer Deed of Charge, Fifth Issuer Deed of Charge, Sixth Issuer Deed of Charge, Seventh Issuer Deed of Charge, Eighth Issuer Deed of Charge and Ninth Issuer Deed of Charge; Seller means initially Halifax and, as of the Reorganisation Date, Bank of Scotland;

Security Trustees mean the entities listed in Schedule 2 hereto and any Additional Security Trustees, as the context may require;

Security Trustees means the Offshore Security Trustee and the Onshore Security Trustee and “Security Trustee” means either of them;

Security Trustees has the meaning set forth in the Recitals. (bbb) "Solicitation" means, collectively, (a) the solicitation by the Company of the Noteholders, the IFC Lender and the OFID Lender for the return of Ballots in favor of the Plan in accordance with the Solicitation Documents and (b) the solicitation by the Company of any other entities that may be entitled to vote on the Plan. (ccc) "Solicitation Documents" means the Disclosure Statement, the Plan and any other documents or agreements to be delivered to the Noteholders, the IFC Lender, the OFID Lender, Sparrow, Southern Cross and any other entities entitled to vote on the Plan in connection with the Solicitation, each of which shall be reasonably satisfactory in form and substance to each of the Company and the Supporting Parties. (ddd) "Solicitation Period" means the time period allotted for the Solicitation. (eee) "Southern Cross" has the meaning set forth in the Preamble. (fff) "Sparrow" has the meaning set forth in the Recitals. (ggg) "Subject Claims" means (a) the Notes, (b) the IFC Loans and (c) the OFID Loans. (hhh) "Subject Interests" means the equity interests in either (a) Parent if the Offshore Lenders consent to the Restructuring or (b) the River Business Holding Companies if the Offshore Lenders do not consent to the Restructuring. (iii) "Subsidiary" or "Subsidiaries" has the meaning set forth in the Preamble. (jjj) "Supermajority Supporting Noteholders" has the meaning set forth in Section 2(e). (kkk) "Supporting Creditors" means, collectively, the Majority Supporting Noteholders, the IFC Lender and the OFID Lender. (lll) "Supporting Noteholders" has the meaning set forth in the Preamble. (mmm) "Supporting Parties" means, collectively, Sparrow, Southern Cross, the Majority Supporting Noteholders, the IFC Lender and the OFID Lender. (nnn) "Termination Fee Tail Period" means the period from the date of this Agreement to and including the first anniversary of the date of this Agreement. (ooo) "Term Sheet" has the meaning set forth in the Recitals. (ppp) "Termination Fee Alternative Transaction" means an alternative offer, transaction, restructuring, liquidation, workout or plan of compromise or reorganization of the Company other than the Restructuring contemplated in this Agreement and the Definitive Documents; provided that an offer, transaction, restructuring, liquidation, workout or plan or compromise or reorganization of the Company that is solely with any or all of the Noteholders, the IFC Lender...

Security Trustees has the meaning set forth in the Recitals.