Common use of Appointment of the Agent and the Security Trustee Clause in Contracts

Appointment of the Agent and the Security Trustee. 25.1.1 Each other Finance Party appoints the Agent to act as its agent under and in connection with the Finance Documents. 25.1.2 Each other Finance Party authorises the Agent to exercise the rights, powers, authorities and discretions specifically given to it under or in connection with the Finance Documents together with any other incidental rights, powers, authorities and discretions. 25.1.3 Each other Finance Party appoints the Security Trustee to act as its trustee in connection with the Security Documents. 25.1.4 Each other Finance Party authorises the Security Trustee to exercise the rights, powers, authorities and discretions specifically given to the Security Trustee under or in connection with the Finance Documents together with any other incidental rights, powers, authorities and discretions.