Liens Over Bank Accounts. 1. No Non-U.S. Loan Party shall be required to perfect a lien over a bank account (except as, and solely to the extent, expressly required by Section 5.13 of this Agreement).
Liens Over Bank Accounts. 1. No Non-U.S. Notes Party shall be required to perfect a lien over a bank account (except as, and solely to the extent, expressly required by Section 4.28 of the Indenture).
Liens Over Bank Accounts. 1. Where any Foreign Loan Party is granting a Lien over a bank account it shall, at the request of the Collateral Trustee, notify the relevant bank of, and shall use commercially reasonable efforts to procure that the relevant bank acknowledges the creation of that Lien. Such Foreign Loan Party shall be free to deal with those accounts in the course of its business until Secured Debt Default has occurred and is continuing.
Liens Over Bank Accounts. 1. No Foreign Grantor shall have any obligation to provide fixed security over bank accounts. The Notes Parties shall have no obligation to notify any bank at which a bank account of a Notes Party is held of any Lien on such bank account unless (i) an Enforcement Event has occurred and is continuing and (ii) with respect to any Luxembourg law governed account pledge agreement. Such Foreign Grantor shall be free to deal with those accounts in the course of its business until an Enforcement Event has occurred and is continuing.
Liens Over Bank Accounts. 1. Where any Non-N.A. Loan Party is granting a lien over a bank account it shall, at the reasonable request of the Administrative Agent, notify the relevant bank of, and, if necessary and customary under applicable local law, shall use commercially reasonable efforts to procure that the relevant bank acknowledges the creation of that lien. Such Non-N.A. Loan Party shall be free to deal with those accounts in the course of its business until an Event of Default has occurred and is continuing.
Liens Over Bank Accounts
