Role of the Security Agent. The Security Agent shall hold the benefit of the Security Documents as agent and trustee for itself and the Secured Parties, or to the extent required by applicable local law shall hold the benefit of such Security Documents for itself and on behalf of the Secured Parties, to apply all payments and other benefits received by it by reason thereof, or otherwise realised thereunder, in accordance with this Deed.
Appears in 3 contracts
Sources: Priority Agreement, Priority Agreement (JSG Funding PLC), Priority Agreement (Smurfit Kappa Acquisitions)