Common use of The Security Agent Clause in Contracts

The Security Agent. 9.1 The Security Agent shall at all times act as the duly authorized representative (Sw: befullmäktigat ombud) of the Secured Parties, and shall, when exercising its rights and fulfilling its obligations under this Agreement, comply with the relevant provisions of the Mezzanine Agreement. 9.2 The Security Agent may at any time (i) delegate to any person all or any of its rights, powers and discretions under this Agreement on such terms (including the power to sub-delegate) as the Security Agent sees fit and (ii) employ agents, managers, employees, advisers and others on such terms as the Security Agent sees fit for any of the purposes set out in this Agreement, provided that in each such case it uses due care in selecting such delegate.