Common use of Foreign Pledge Agreements Clause in Contracts

Foreign Pledge Agreements. (a) Notwithstanding anything to the contrary contained herein or in any other Facility Document, in the event that any Collateral is also pledged to the Hedge Counterparty to secure the Obligations by any Grantor pursuant to any security, pledge or similar agreement governed by foreign law (a “Foreign Pledge Agreement”) and the provisions of such Foreign Pledge Agreement conflict with the provisions of this Agreement, the applicable Grantor shall comply with the provisions of such Foreign Pledge Agreement and shall not be deemed to have breached any representation or covenant contained herein or in any other Facility Document as a result thereof.

Appears in 2 contracts

Samples: Hedge Pledge and Security Agreement and Irrevocable Proxy, Hedge Pledge and Security Agreement and Irrevocable Proxy (Residential Capital, LLC)

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Foreign Pledge Agreements. (a) Notwithstanding anything to the contrary contained herein or in any other Facility Document, in the event that any Collateral is also pledged to the Hedge Counterparty Lender Agent to secure the Obligations by any Grantor pursuant to any security, pledge or similar agreement governed by foreign law (a “Foreign Pledge Agreement”) and the provisions of such Foreign Pledge Agreement conflict with the provisions of this Agreement, the applicable Grantor shall comply with the provisions of such Foreign Pledge Agreement and shall not be deemed to have breached any representation or covenant contained herein or in any other Facility Document as a result thereof.

Appears in 2 contracts

Samples: Pledge and Security Agreement, Pledge and Security Agreement (Residential Capital, LLC)

Foreign Pledge Agreements. (a) Notwithstanding anything to the contrary contained herein or in any other Facility Document, in the event that any Collateral is also pledged to the Hedge Counterparty First Priority Collateral Agent to secure the Obligations by any Grantor pursuant to any security, pledge or similar agreement governed by foreign law (a “Foreign Pledge Agreement”) and the provisions of such Foreign Pledge Agreement conflict with the provisions of this Agreement, the applicable Grantor shall comply with the provisions of such Foreign Pledge Agreement and shall not be deemed to have breached any representation or covenant contained herein or in any other Facility Document as a result thereof.

Appears in 2 contracts

Samples: First Priority Pledge and Security Agreement and Irrevocable Proxy (Residential Capital, LLC), First Priority Pledge and Security Agreement and Irrevocable Proxy

Foreign Pledge Agreements. (a) Notwithstanding anything to the contrary contained herein or in any other Facility Notes Document, in the event that any Collateral is also pledged to the Hedge Counterparty Second Priority Collateral Agent to secure the Obligations by any Grantor pursuant to any security, pledge or similar agreement governed by foreign law (a “Foreign Pledge Agreement”) and the provisions of such Foreign Pledge Agreement conflict with the provisions of this Agreement, the applicable Grantor shall comply with the provisions of such Foreign Pledge Agreement and shall not be deemed to have breached any representation or covenant contained herein or in any other Facility Notes Document as a result thereof.

Appears in 1 contract

Samples: Second Priority Pledge and Security Agreement and Irrevocable Proxy (Residential Capital, LLC)

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Foreign Pledge Agreements. (a) Notwithstanding anything to the contrary contained herein or in any other Facility Specified Document, in the event that any Collateral is also pledged to the Hedge Counterparty Lender Agent or the Omnibus Agent to secure the Obligations by any Grantor pursuant to any security, pledge or similar agreement governed by foreign law (a “Foreign Pledge Agreement”) and the provisions of such Foreign Pledge Agreement conflict with the provisions of this Agreement, the applicable Grantor shall comply with the provisions of such Foreign Pledge Agreement and shall not be deemed to have breached any representation or covenant contained herein or in any other Facility Specified Document as a result thereof.

Appears in 1 contract

Samples: Omnibus Pledge and Security Agreement (Residential Capital, LLC)

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