Common use of Foreign Collateral Documents Clause in Contracts

Foreign Collateral Documents. Within (i) sixty (60) days for each Credit Party organized under the laws of Canada (or a province thereof) and Luxembourg and (ii) ninety (90) days for each Credit Party organized under the laws of Estonia, in each case following the Closing Date (or such later date as shall be approved by the Administrative Agent), shall deliver the following, each of which shall be originals or telecopies (followed promptly by originals) unless otherwise specified, each properly executed by an authorized officer of such applicable Credit Party and in form and substance reasonably satisfactory to the Administrative Agent: (A) a security agreement or similar agreement expressed to be governed by the laws of Canada (or a province thereof), Luxembourg or Estonia, as applicable (as amended, restated, supplemented or otherwise modified from time to time, each a “Foreign Security Instrument”), with respect to which such Credit Party grants or conveys to the Administrative Agent a Lien in the present and future Collateral (or any similarly defined term set forth therein in such agreement) of such Credit Party on substantially similar terms as the Security Agreement but giving effect to any substantive or procedural legal requirements of the applicable jurisdiction, together with: (B) to the extent applicable, filings in form appropriate for filing in all jurisdictions that the Administrative Agent may deem necessary or desirable in order to perfect the Liens created under each Foreign Security Instrument, covering the Collateral described therein; (C) copies of applicable lien searches or equivalent reports, each of a recent date listing all effective lien notices or comparable documents (together with copies of such documents) that name any such Credit Party as debtor and that are filed in those jurisdictions in which any such Credit Party is organized or maintains its principal place of business, in each case, to the extent such searches or reports are available at a reasonable expense in such jurisdiction; and (D) a stock pledge expressed to be governed by the laws of Canada (or a province thereof), Luxembourg or Estonia, as applicable, with respect to which the parent of such Credit Party grants or coveys to the Administrative Agent a pledge in the stock (or local equivalent) of such Credit Party on substantially similar terms as the Security Agreement but giving effect to any substantive or procedural legal requirements of the applicable jurisdiction.

Foreign Collateral Documents. Within (i) sixty (60) days for each Credit Party organized under the laws of Canada (or a province thereof) and Luxembourg and (ii) ninety (90) days for each Credit Party organized under the laws of Estonia, in each case following the Closing Date (or such later date as shall be approved by the Administrative Agent), shall deliver the following, each of which shall be originals or telecopies (followed promptly by originals) unless otherwise specified, each properly executed by an authorized officer of such applicable Credit Party and in form and substance reasonably satisfactory to the Administrative Agent: (A) a security agreement or similar agreement expressed to be governed by the laws of Canada (or a province thereof), Luxembourg or Estonia, as applicable (as amended, restated, supplemented or otherwise modified from time to time, each a “Foreign Security Instrument”), with respect to which such Credit Party grants or conveys to the Administrative Agent a Lien in the present and future Collateral (or any similarly defined term set forth therein in such agreement) of such Credit Party on substantially similar terms as the Security Agreement but giving effect to any substantive or procedural legal requirements of the applicable jurisdiction, together with: (B) to the extent applicable, filings in form appropriate for filing in all jurisdictions that the Administrative Agent may deem necessary or desirable in order to perfect the Liens created under each Foreign Security Instrument, covering the Collateral described therein; (C) copies of applicable lien searches or equivalent reports, each of a recent date listing all effective lien notices or comparable documents (together with copies of such documents) that name any such Credit Party as debtor and that are filed in those jurisdictions in which any such Credit Party is organized or maintains its principal place of business, in each case, to the extent such searches or reports are available at a reasonable expense in such jurisdiction; and (D) a stock pledge expressed to be governed by the laws of Canada (or a province thereof), Luxembourg or Estonia, as applicable, with respect to which the parent of such Credit Party grants or coveys conveys to the Administrative Agent a pledge in the stock (or local equivalent) of such Credit Party on substantially similar terms as the Security Agreement but giving effect to any substantive or procedural legal requirements of the applicable jurisdiction.