Common use of Agent as Security Trustee Clause in Contracts

Agent as Security Trustee. (a) The protections extended to the Agent pursuant to the foregoing provisions of this Clause 25 shall apply to it equally (and with necessary adaptations) in its capacity as Security Trustee pursuant to the Security Documents. (b) The Agent in its capacity as Security Trustee or otherwise shall not be responsible for any failure, omission or defect in perfecting the security constituted or created pursuant to any Finance Document including, without limitation, any failure to: (i) register the same in accordance with the provision of any of the documents of title of the relevant Obligor to any of the assets thereby charged; and (ii) effect or procure registration of or otherwise protect the security created by any Security Document under any registration laws in any jurisdiction. (c) The Agent in its capacity as Security Trustee or otherwise may accept without enquiry such title as any Borrower may have to any of the assets charged pursuant to any of the Security Documents. (d) The Agent in its capacity as trustee or otherwise shall not be under any obligation to hold any title deed, Finance Document or any other documents in connection with the property charged by any Finance Document or any other security in its own possession or take any steps to protect or preserve the same.