Common use of Canadian Loan Parties Clause in Contracts

Canadian Loan Parties. No Canadian Loan Party shall own any property or assets in the United States without first executing and delivering to Agent a security agreement governed by New York law and such other security documents requested by Agent or any Lender to protect, secure, perfect Agent’s security interest and Xxxx on any such property or assets constituting Collateral, all in form and substance acceptable to Agent.

Appears in 2 contracts

Samples: Revolving Credit and Security Agreement (Williams Industrial Services Group Inc.), Security Agreement (Williams Industrial Services Group Inc.)

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Canadian Loan Parties. No Canadian Loan Party shall own any property or assets in the United States without first executing and delivering to Agent a security agreement governed by New York law and such other security documents requested by Agent or any Lender to protect, secure, perfect Agent’s security interest and Xxxx Lien on any such property or assets constituting Collateral, all in form and substance acceptable to Agent.

Appears in 1 contract

Samples: Security Agreement (Williams Industrial Services Group Inc.)

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Canadian Loan Parties. No Canadian Loan Party shall own any property or assets in the United States without first executing and delivering to Agent a security agreement governed by New York law and such other security documents requested by Agent or any Lender to protect, secure, perfect Agent’s security interest and Xxxx Lien on any such property or assets constituting Collateral, all in form and substance acceptable to Agent.. ​

Appears in 1 contract

Samples: Security Agreement (Williams Industrial Services Group Inc.)

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