Creation of Parallel Debt. (a) For the purposes of (i) creating Liens on the Collateral in, or subject to the laws of the Netherlands, France, Switzerland, Norway (together, the “Agreed Jurisdictions”) and (ii) ensuring the initial and continued validity of such Liens, the Collateral Agent, the Company and the Guarantors agree that notwithstanding anything to the contrary contained in this Indenture, the Notes, the Note Guarantees, the Security Documents, the Intercreditor Agreement or the Pari Passu Intercreditor Agreement:
Creation of Parallel Debt. (a) For the purposes of (a) creating Liens on Collateral in, or subject to the laws of, Germany, The Netherlands, Belgium and France (and such other jurisdictions as the Trustee (on the instructions of the Holders) and the Issuer (each acting reasonably) agree) (together, the “Agreed Jurisdictions”) and (b) ensuring the initial and continued validity of such Liens, the Security Trustee, the Issuer and the Guarantors agree that notwithstanding anything to the contrary contained in this Indenture, the Notes, the Guarantees, the Security Documents or the Intercreditor Agreement:
Creation of Parallel Debt. Each of the Relevant Obligors hereby irrevocably and unconditionally undertakes to pay to the Administrative Agent an amount equal to the aggregate amount payable by such Relevant Obligor in respect of its Principal Obligations as they may exist from time to time. The payment undertaking of each Relevant Obligor to the Administrative Agent under this paragraph (c) is hereinafter to be referred to as a “Parallel Debt”.
Creation of Parallel Debt. 145 Section 12.03 Release of Collateral ............................................................................... 147 Section 12.04 Suits to Protect the Collateral ................................................................. 149 Section 12.05 Authorization of Receipt of Funds by the Trustee Under the Collateral Documents .............................................................................................. 149 Section 12.06 Purchaser Protected ................................................................................. 149 Section 12.07 Powers Exercisable by Receiver or Trustee............................................ 150 Section 12.08 Release Upon Termination of the Company’s Obligations .................... 150 Section 12.09
Creation of Parallel Debt. (a) For the purposes of (a) creating Liens on Collateral in, or subject to the laws of, The Netherlands and Switzerland (and such other jurisdictions as the Trustee (on the instructions of the Holders) and the Company (each acting reasonably) agree) (together, the “Agreed Jurisdictions”) and (b) ensuring the initial and continued validity of such Liens, the Collateral Agent, the Company and the Guarantors, other than any Swedish Guarantor (each, a “Non-Swedish Obligor”), agree that notwithstanding anything to the contrary contained in this Indenture, the Notes, the Collateral Documents or the Intercreditor Agreement: (1) each Non-Swedish Obligor shall pay to the Collateral Agent, as creditor in its own right and not as representative of the Trustee or the Holders, sums equal to, and in the currency of, its Principal Obligations (as defined in Section 12.02(b)) as and when the same fall due for payment under this Indenture, the Notes, the Collateral Documents or the Intercreditor Agreement (the “Parallel Obligations”); provided that the total amount of the Parallel Obligations shall never exceed the total amount of the Principal Obligations; (2) the rights of the Trustee and the Holders, as applicable, to receive payment of the Principal Obligations are several and are separate from, and without prejudice to, the rights of the Collateral Agent to receive payment in respect of the Parallel Obligations;
Creation of Parallel Debt. (a) Each Holder, by accepting a Note, acknowledges, agrees and confirms that the Note Security Agent and any other agent under the Note Security Documents shall have the right to enforce the Parallel Obligations (as defined in Section 11.13(b)(i)) as third-party beneficiaries to this Indenture.
Creation of Parallel Debt of the Indenture. 1 To be amended into “the Pledgor” if CEDC becomes a pledgor. The same applies to the remaining points of the preamble. THE PARTIES AGREE as follows:
Creation of Parallel Debt. To ensure the validity and enforceability of the Security Documents governed by the laws of the Netherlands, each Obligor hereby irrevocably and unconditionally undertakes to pay to the Agent from time to time amounts equal to the amounts due by any one or more Obligors to any one or more Secured Parties under the Obligations from time to time (each such payment undertaking from each such Obligor, a “Parallel Debt”); provided that the sum of the Parallel Debts shall at all times be equal to the sum of the then present Obligations.
Creation of Parallel Debt. (a) For the purposes of (a) creating Liens on Collateral in, or subject to the laws of, The Netherlands and Switzerland (and such other jurisdictions as the Trustee (on the instructions of the Holders) and the Company (each acting reasonably) agree) (together, the “Agreed Jurisdictions”) and (b) ensuring the initial and continued validity of such Liens, the Collateral Agent, the Company and the Guarantors, other than any Swedish Guarantor (each, a “Non-Swedish Obligor”), agree that notwithstanding anything to the contrary contained in this Indenture, the Notes, the Collateral Documents or the Intercreditor Agreement:
Creation of Parallel Debt. 1 of the Indenture, the CEDC has a pecuniary obligation constituting one single obligation under the laws of the State of New York, towards ING BANK N.V.
