Foreign Subsidiaries. A Pledgor will not be obligated to comply with the provisions of this Section at any time with respect to any voting Equity Interest in a Foreign Subsidiary if and to the extent (but only to the extent) that such voting Equity Interest is excluded from the Transaction Liens at such time pursuant to clause (ii) of the definition of Excluded Property and/or the comparable provisions of one or more Pledge Agreement Supplements.
Appears in 6 contracts
Samples: Guarantee and Pledge Agreement, Guarantee and Pledge Agreement, Credit Agreement
Foreign Subsidiaries. A Pledgor will not be obligated to comply with the provisions of this Section at any time with respect to any voting Equity Interest in a Foreign Subsidiary or any Equity Interests in any Transparent Subsidiary if and to the extent (but only to the extent) that such voting Equity Interest is Interests are excluded from the Transaction Liens at such time pursuant to clause (ii) and/or clause (iii) of the definition of Excluded Property and/or the comparable provisions of one or more Pledge Agreement SupplementsProperty.
Appears in 5 contracts
Samples: Guarantee, Pledge and Proceeds Application Agreement, Master Transaction Agreement, Master Transaction Agreement
