Common use of PERFECTION OF SECURITY INTERESTS IN STOCK OF FOREIGN SUBSIDIARIES Clause in Contracts

PERFECTION OF SECURITY INTERESTS IN STOCK OF FOREIGN SUBSIDIARIES. Within 60 days after the Effective Date, the Company shall have completed the perfection of security interests in the stock of Subsidiaries organized in a jurisdiction outside of the United States of America and listed in Annex 1 to the Company Pledge Agreement, Annex 1 to the Canadian Borrower Pledge Agreement or Annex 1 to the Subsidiary Pledge Agreement.