Perfection or Registration of Interest in Foreign Equity Interests Sample Clauses
The 'Perfection or Registration of Interest in Foreign Equity Interests' clause establishes the requirement for a party to take necessary legal steps to secure and formalize its interest in equity securities that are governed by foreign jurisdictions. This typically involves complying with the registration or filing procedures mandated by the relevant foreign authorities to ensure that the party’s security interest is recognized and enforceable under local law. By mandating these actions, the clause helps protect the secured party’s rights in the event of disputes or insolvency, thereby reducing the risk of losing priority or enforceability due to non-compliance with foreign legal requirements.
Perfection or Registration of Interest in Foreign Equity Interests. With respect to any foreign Equity Interests pledged to the Administrative Agent by the Borrower or any Domestic Subsidiary, on or after the Closing Date, the Administrative Agent shall at all times, in the reasonable discretion of the Administrative Agent or the Required Lenders, have the right to require the perfection, at Borrowers’ cost, payable upon request therefor (including, without limitation, any foreign counsel, or foreign notary, filing, registration or similar, fees, costs or expenses), of the security interest in such Equity Interests in the respective foreign jurisdiction.
Perfection or Registration of Interest in Foreign Equity Interests. Subject to Section 6.17, with respect to any foreign Equity Interests pledged to the Administrative Agent by the Borrower or any Domestic Subsidiary that is a Loan Party, on or after the Closing Date, the Administrative Agent shall at all times, in the reasonable discretion of the Administrative Agent or the Required Lenders, have the right to require the perfection, at Borrowers’ cost, payable upon request therefor (including, without limitation, any foreign counsel, or foreign notary, filing, registration or similar, fees, costs or expenses), of the security interest in such Equity Interests in the respective foreign jurisdiction.
Perfection or Registration of Interest in Foreign Equity Interests. Subject to the terms of the Intercreditor Agreement, with respect to any foreign Equity Interests pledged to the Administrative Agent by the Company or any Domestic Subsidiary or any Foreign Subsidiary, on or after the Closing Date, the Administrative Agent shall at all times, in the reasonable discretion of the Administrative Agent or the Required Lenders, have the right to require the perfection, at Borrowers’ cost, payable upon request therefor (including, without limitation, any foreign counsel, or foreign notary, filing, registration or similar, fees, costs or expenses), of the security interest in such Equity Interests in the respective foreign jurisdiction.