Common use of Benefit for Receiver etc Clause in Contracts

Benefit for Receiver etc. The Security Trustee will be deemed to have accepted the benefit of this clause 11 as agent for the Receiver and any attorney, agent or other person appointed under this Deed or by the Security Trustee who are not parties to this Deed and the Security Trustee will hold the benefit of such provisions on trust for the benefit of those grantees. -------------------------------------------------------------------------------- 12. Protection of persons dealing with Security Trustee or Receiver