Common use of Powers and duties of the Security Trustee Clause in Contracts

Powers and duties of the Security Trustee. 19.2.1 The Security Trustee shall have no duties, obligations or liabilities to any of the Banks beyond those expressly stated in any of the Security Documents. Each of the Banks hereby authorises the Security Trustee to enter into and execute: (a) each of the Security Documents to which the Security Trustee is or is intended to be a party; and (b) any and all such other Security Documents as may be approved by the Lender and, in each and every case, to hold any and all security thereby created upon trust for the Banks for the time being in the manner contemplated by this Agreement. 19.2.2 Subject to clause 19.

Powers and duties of the Security Trustee. 19.2.1 16.2.1 The Security Trustee shall have no duties, obligations or liabilities to any of the Banks beyond those expressly stated in any of the Security Documents. Each of the Banks hereby authorises the Security Trustee to enter into and execute: (a) each of the Security Documents to which the Security Trustee is or is intended to be a party; and (b) any and all such other Security Documents as may be approved by the Lender and, in each and every case, to hold any and all security thereby created upon trust for the Banks for the time being in the manner contemplated by this Agreement. 19.2.2 Subject to clause 19.