Common use of Dutch Parallel Debt Clause in Contracts

Dutch Parallel Debt. (a) Each Dutch Credit Party irrevocably and unconditionally undertakes to pay to the Collateral Agent amounts equal to, and in the currency or currencies of, its Dutch Corresponding Debt (such amounts, its “Dutch Parallel Debt”) on the terms and conditions specified in this Section 12.12.

Dutch Parallel Debt. (a) Each For the purpose of ensuring the validity and enforceability of any Dutch Credit Collateral Documents and notwithstanding any other provision of this Agreement, each Loan Party hereby irrevocably and unconditionally undertakes to pay to the Collateral Agent amounts equal to, and in (the currency or currencies of, its Dutch Corresponding Debt (such amounts, its “Dutch Parallel Debt”) on ), as creditor in its own right and not as representative of the terms other Dutch Secured Parties, sums equal to and conditions specified in this Section 12.12the currency of each amount payable by the Offshore Borrowers under each of the Loan Documents as and when that amount falls due for payment under the relevant Loan Document.

Dutch Parallel Debt. (a) Each Dutch Credit Loan Party irrevocably and unconditionally undertakes with the Agent to pay to the Collateral Agent amounts equal to, and in the currency or currencies of, its Dutch Corresponding Debt Parallel Debts. This subclause (such amounts, its “Dutch Parallel Debt”a) on is for the terms purpose of ensuring the validity and conditions specified in this Section 12.12effect of any security which is governed by the laws of the Netherlands and granted or to be granted by any Loan Party pursuant to the Loan Documents and without prejudice to the other provisions of the Loan Documents.

Dutch Parallel Debt. (a) Each Dutch Credit Loan Party irrevocably and unconditionally undertakes to pay to the Collateral Administrative Agent amounts equal to, and in the currency or currencies of, its Dutch Corresponding Debt (such amounts, its “Dutch Parallel Debt”) on the terms and conditions specified in this Section 12.12.

Dutch Parallel Debt. (a) Each For the purpose of ensuring the validity and enforceability of any Dutch Credit Collateral Documents and notwithstanding any other provision of this Agreement, each Loan Party hereby irrevocably and unconditionally undertakes to pay to the Collateral Agent amounts equal to, and in (the currency or currencies of, its Dutch Corresponding Debt (such amounts, its “Dutch Parallel Debt”) on ), as creditor in its own right and not as representative of the terms other Dutch Secured Parties, sums equal to and conditions specified in this Section 12.12the currency of each amount payable by the Offshore Borrowers under each of the Loan Documents as and when that amount falls due for payment under the relevant Loan Document.

Dutch Parallel Debt. (a) Each For the purpose of ensuring the validity and enforceability of any Dutch Credit Collateral Documents and notwithstanding any other provision of this Agreement, each Loan Party hereby irrevocably and unconditionally undertakes to pay to the Collateral Agent amounts equal to, and in (the currency or currencies of, its Dutch Corresponding Debt (such amounts, its “Dutch Parallel Debt”) on ), as creditor in its own right and not as representative of the terms other Dutch Secured Parties, sums equal to and conditions specified in this Section 12.12.the currency of each amount payable by the Offshore Borrowers under each of the Loan Documents as and when that amount falls due for payment under the relevant Loan Document. 176