Security Trustee Agreement Pdf

The agent has agreed to act as agent of this document and to retain the benefit of the security documents and the resulting guarantee for the lenders. The agent shall at all times keep for himself, as a lender, while being the sole lender participating in the Facility, all commitments and other guarantees made in accordance with any of the security documents, and, at any other time, in trust for himself and for the lenders in relation to their respective participation in the Facility. As a fiduciary descriptor, this document can be used as a template for Security Trust Deed, where the borrower provides Secured Property on Trust as collateral for the facility granted by the lender(s). The agent believes that the benefit of the title is in trust for the lender(s), as represented by the agent. In accordance with the provisions of the Facility Agreement, the borrower has agreed to execute the security documents for the benefit of the agent it holds in trust for the lenders, in accordance with the terms of this instrument. The lenders agreed to make the facility available to the borrower under the terms of the facility agreement. . . .

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