Examples of UK Security Document in a sentence
After any retiring Agent’s or UK Security Agent’s resignation hereunder as Agent or UK Security Agent, as applicable, the provisions of this Section 15 shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Agent under this Agreement or UK Security Agent under any UK Security Document.
For the purposes of any Liens created under a U.K. Security Document, the following additional provisions shall apply, in addition to the provisions set out in this Section 12.16 or otherwise hereunder.
No failure on the part of the Security Trustee to exercise, and no delay on its part in exercising, any right, power or discretion under this Deed or any UK Security Document will operate as a waiver thereof, nor will any single or partial exercise of any right, power or discretion preclude any other or further exercise thereof or the exercise of any other right, power or discretion.
Attached thereto is a certified copy of the PSC Register of each such Loan Party whose share capital is subject to security created under any U.K. Security Document.
Notwithstanding the foregoing provisions in this Article IX, each of the Lenders hereby acknowledges that the Collateral Agents hold the Collateral the subject of the UK Security Documents as trustee for and on behalf of the Secured Parties in accordance with the terms of the declaration of trust set out in each UK Security Document and that the terms of its appointment, and such trust, shall be as set out (or referred to) in each such UK Security Document.
The Security Trustee may enter into any banking, financial or business contracts or any other transactions or arrangements with any of the Companies, the Secured Parties, or any other party to any UK Security Document, or any subsidiary, holding company or associated company thereof, (whether in relation to the Secured Obligations or in any other manner whatever) or in relation to the Trust Property.
Subject to the Legal Reservations and the Agreed Security Principles, the UK Security Documents, if any, upon execution and delivery thereof by the parties thereto, will create in favor of the Collateral Agent, for the ratable benefit of the Secured Parties, a legal, valid, enforceable and perfected First Priority Lien in the “Collateral” (as defined in the relevant UK Security Document) of the Loan Parties party to such documents to the extent set forth therein.
A UK Guarantor whose shares are the subject of any Lien granted pursuant to a UK Security Document agrees that it will, within the relevant timeframe, comply with any notice it receives pursuant to Part 21A of the Companies Act 2006 from any company incorporated in the United Kingdom whose equity interests are the subject to a Lien in favor of the Collateral Agent for itself and the other Lenders as security for the Obligations and will promptly provide the Collateral Agent with a copy of that notice.
In respect of any U.K. Security Document, the Agent shall not have any obligation or duty to any person for any loss suffered as a result of: (i) the lack or inadequacy of any insurance; or (ii) the failure of the Agent to notify the insurers of any material fact relating to the risk assumed by them, or of any other information of any kind, unless Required Lenders have requested it to do so in writing and the Agent has failed to do so within fourteen (14) days after receipt of that request.
Subject to the Legal Reservations, the UK Security Documents create in favor of the Collateral Agent, for the ratable benefit of the Secured Parties, a legal, valid, enforceable and perfected First Priority Lien in the “Collateral” (as defined in the relevant UK Security Document) of the Loan Parties party to such documents to the extent set forth therein.