Common use of Prior to any Foreign Subsidiary becoming a Foreign Subsidiary Loan Party, cause Clause in Contracts

Prior to any Foreign Subsidiary becoming a Foreign Subsidiary Loan Party, cause. (i) the Collateral and Guarantee Requirement to be satisfied with respect to such Foreign Subsidiary, (ii) the Equity Interests and Pledged Collateral (if any) of such Foreign Subsidiary to be pledged pursuant to a Foreign Pledge Agreement and (iii) after giving effect to paragraph (h) below, at least a substantial portion of the assets (as reasonably determined by the Administrative Agent) of such Foreign Subsidiary to be subject to a valid first lien in favor of the Collateral Agent for the benefit of the Secured Parties.

Appears in 5 contracts

Samples: Credit Agreement (TRW Automotive Inc), Credit Agreement (TRW Automotive Inc), Credit Agreement (TRW Automotive Holdings Corp)

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