Common use of Compliance with Applicable Foreign Laws Clause in Contracts

Compliance with Applicable Foreign Laws. If and so long as the Collateral includes (i) any Equity Interest in, or other Investment Property issued by, a legal entity organized under the laws of a jurisdiction outside the United States or (ii) any Security Entitlement in respect of a Financial Asset issued by such a foreign legal entity, the relevant Lien Grantor will take all such action as may be required under the laws of such foreign jurisdiction to ensure that the Transaction Lien on such Collateral ranks prior to all Liens and rights of others therein.

Appears in 13 contracts

Samples: Revolving Credit Security Agreement, Abl Security Agreement, Term Loan Security Agreement (Tower International, Inc.)

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Compliance with Applicable Foreign Laws. If and so long as the Collateral includes (i) any Equity Interest in, or other Investment Property issued by, a legal entity organized under the laws of a jurisdiction outside the United States or (ii) any Security Entitlement in respect of a Financial Asset issued by such a foreign legal entity, the relevant Lien Grantor will upon reasonable request of the Collateral Agent take all such action as may be required under the laws of such foreign jurisdiction to ensure that the Transaction Lien on such Collateral ranks prior to all Liens and rights of others therein.

Appears in 3 contracts

Samples: Security Agreement (LyondellBasell Industries N.V.), Security Agreement (LyondellBasell Industries N.V.), Security Agreement (LyondellBasell Industries N.V.)

Compliance with Applicable Foreign Laws. If and so long as the Collateral includes (i) any Equity Interest in, or other Investment Property issued by, a legal entity organized under the laws of a jurisdiction outside the United States or (ii) any Security Entitlement in respect of a Financial Asset issued by such a foreign legal entity, the relevant Lien Grantor will upon request of the Collateral Agent, use its commercially reasonable efforts to take all such action as may be required under the laws of such foreign jurisdiction to ensure that the Transaction Lien on such Collateral ranks prior to all Liens and rights of others thereintherein to the extent permitted by such law.

Appears in 2 contracts

Samples: Security and Pledge Agreement (Harbinger Group Inc.), Collateral Trust Agreement (Harbinger Group Inc.)

Compliance with Applicable Foreign Laws. If and so long as the Collateral includes (i) any Equity Interest in, or other Investment Property issued by, a legal entity organized under the laws of a jurisdiction outside the United States or (ii) any Security Entitlement in respect of a Financial Asset issued by such a foreign legal entity, the relevant Lien Grantor will upon reasonable request of the Administrative Agent take all such action as may be required under the laws of such foreign jurisdiction to ensure that the Transaction Lien on such Collateral ranks prior to all Liens and rights of others therein.

Appears in 2 contracts

Samples: Security Agreement, Security Agreement (LyondellBasell Industries N.V.)

Compliance with Applicable Foreign Laws. If and so long as the Collateral includes (i) any Equity Interest in, or other Investment Property issued by, in a legal entity organized under the laws of a jurisdiction outside the United States or (ii) any Security Entitlement in respect of a Financial Asset issued by such a foreign legal entityStates, the relevant Lien Grantor will take all such action as may be required under the laws of such foreign jurisdiction to ensure that the Transaction Lien on such Collateral ranks prior to all Liens and rights of others therein.

Appears in 2 contracts

Samples: Pledge Agreement (Marvell Technology Group LTD), Bermuda Pledge Agreement (Marvell Technology Group LTD)

Compliance with Applicable Foreign Laws. If and so long as the Collateral includes (i) any Equity Interest in, or other Investment Property issued by, in a legal entity organized under the laws of a jurisdiction outside the United States or (ii) any Security Entitlement that is required to be pledged to the Collateral Agent pursuant to a Foreign Pledge Agreement in respect accordance with the terms of a Financial Asset issued by such a foreign legal entitythe Credit Agreement, the relevant Lien Grantor will upon reasonable request of the Majority Lenders take all such action as may be required under the laws of such foreign jurisdiction to ensure that the Transaction Lien on such Collateral ranks prior to all Liens and rights of others thereintherein (other than Permitted Liens).

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Retrophin, Inc.)

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Compliance with Applicable Foreign Laws. If and so long as the Collateral includes (i) any Equity Interest in, or other Investment Property issued by, a legal entity organized under the laws of a jurisdiction outside the United States or (ii) any Security Entitlement in respect of a Financial Asset issued by such a foreign legal entity, the relevant Lien Grantor will take all such action as may be required under the laws of such foreign jurisdiction to ensure that the Transaction Lien on such Collateral ranks prior to all Liens and rights of others therein, other than Permitted Liens.

Appears in 1 contract

Samples: Security and Pledge Agreement (Qwest Communications International Inc)

Compliance with Applicable Foreign Laws. If and so long as the Collateral includes (i) any Equity Interest in, or other Investment Property issued by, a legal entity organized under the laws of a jurisdiction outside the United States or (ii) any Security Entitlement in respect of a Financial Asset issued by such a foreign legal entity, the relevant Lien Grantor will take all such reasonable action as may be required under the laws of such foreign jurisdiction to ensure that the Transaction Lien on such Collateral ranks prior to all Liens and rights of others therein.

Appears in 1 contract

Samples: Security Agreement (Keystone Marketing Services Inc)

Compliance with Applicable Foreign Laws. If and so long as the Collateral includes (i) any Equity Interest in, or other Investment Property issued by, a legal entity organized under the laws of a jurisdiction outside the United States or (ii) any Security Entitlement in respect of a Financial Asset issued by such a foreign legal entity, the relevant Lien Grantor will take all such reasonable action as may be required under the laws of such foreign jurisdiction to ensure that the Transaction Lien on such Collateral ranks prior to all Liens and rights of others therein.

Appears in 1 contract

Samples: Security Agreement (American Reprographics CO)

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