Failure of Trust. If, for any reason, a trust in favour of, or a holding of property for, the Secured Parties is invalid or unenforceable, the Junior Creditor will pay and deliver to the Security Trustee (for the account of the Secured Parties) an amount equal to the relevant payment, receipt or recovery. EXECUTED AS A DEED by MI ) ENERGY CORPORATION: ) Duly Authorised Signatory ) Name: ) Title: In the presence of: Name: Address: Occupation: (Note: These details are to be completed in the witness’s own handwriting.) [•]2 ) [Authorised Signatory] [Authorised Signatory] Address: Attention: Facsimile: 2 Local counsel to advise on format of signature block. SIGNED for and on behalf of STANDARD BANK ASIA LIMITED By: Name: Title: Address: Attention: Facsimile: E-mail:
Appears in 2 contracts
Sources: Borrowing Base Facility Agreement (MIE Holdings Corp), Shares Purchase Agreement (MIE Holdings Corp)