Common Security Agent definition

Common Security Agent has the meaning given to it in the Intercreditor Agreement.
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Common Security Agent means Nordic Trustee Oy or any successor, transferee, replacement or assignee thereof, which has become the Security Agent in accordance with the Intercreditor Agreement, holding the Common Transaction Security on behalf of the Common Secured Parties.
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Common Security Agent means GLAS Trust Company LLC, in its capacity as Collateral Trustee under and as defined in the Intercreditor Agreement.
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Examples of Common Security Agent in a sentence

  • The Common Security Agent shall not be bound to account to any other Secured Party for any sum or the profit element of any sum received by it for its own account.

  • The Common Security Agent may accept deposits from, lend money to and generally engage in any kind of banking or other business with any member of the Group.

  • Each Creditor shall supply the Common Security Agent with any information that the Common Security Agent may reasonably specify as being necessary or desirable to enable the Common Security Agent to perform its functions as Common Security Agent.

  • If, for any reason, any of the trusts expressed to be created in this Clause 13 should fail or be unenforceable, the affected Creditor or Debtor will promptly pay or distribute an amount equal to that receipt or recovery to the Common Security Agent to be held on trust by the Common Security Agent for application in accordance with the terms of this Agreement.

  • Subject to 1 (Considerations) and to paragraph 2.2 below and other than in respect of any Credit-Specific Transaction Security, the obligations to be secured are the Secured Obligations and are to be granted in favour of the Common Security Agent on behalf of each of the Secured Parties.


More Definitions of Common Security Agent

Common Security Agent means Citicorp International Limited.
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Common Security Agent means Wilmington Trust (London) Limited or an Affiliate thereof or any successor or replacement security agent, acting in such capacity, under the Intercreditor Agreement.
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Common Security Agent means Citibank N.A., London Branch, and its successors and assigns, as the Common Security Agent under the Intercreditor Agreement.
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Common Security Agent means OP Corporate Bank plc or any successor, transferee, replacement or assignee thereof, which has become the Common Security Agent in accordance with the Intercreditor Agreement.
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Common Security Agent means Nordic Trustee Oy, incorporated under the laws of Finland with corporate registration number 2488240-7, or any successor, transferee, replacement or assignee thereof, which has become the Security Agent in accordance with the Intercreditor Agreement, holding the Common Transaction Security on behalf of the Common Secured Parties.
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Common Security Agent means the Law Debenture Trust Corporation plc, as appointed under the Common Security Agreement.
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Common Security Agent means Madison Pacific Trust Limited.
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