Foreign Pledged Securities Sample Clauses

Foreign Pledged Securities. No later than ninety (90) days after the Closing Date (unless a longer period is agreed to by Agent), Borrower shall have delivered to Agent, for the benefit of the Lenders, (i) the Pledged Securities of Foreign Subsidiaries (provided that if Agent, in its reasonable discretion, after consultation with Borrower, determines that the cost of delivery of any such Pledged Securities is impractical or cost-prohibitive, then Agent may agree to forego (until such time as Agent determines it is practical to do so) the delivery of such Pledged Securities), and (ii) with respect to the Pledged Securities of any Foreign Subsidiary for which foreign perfection is required under Section 5.20(c) hereof, any documentation (including legal opinions from foreign counsel) reasonably required by Agent regarding the perfection of such Pledged Securities.