Common use of Scope of Business Activities Abroad Clause in Contracts

Scope of Business Activities Abroad. The Company shall not engage in any business activities within the territory of Mexico which might result in the Company being subject to the Mexican Bankruptcy Law ("Ley de Concursos Mercantiles") without first creating and perfecting a first priority security interest in all Items of Equipment held or owned by the Company within the territory of Mexico and delivering to the Trustee an opinion of Mexican counsel satisfactory to the Trustee as to the perfection and priority of such security interest and evidence of such filings and recordations as may be necessary in the opinion of such counsel to establish and perfect such security interest.

Appears in 9 contracts

Samples: Indenture and Security Agreement (Trinity Industries Inc), Indenture and Security Agreement (Trinity Industries Inc), Indenture and Security Agreement (Trinity Industries Inc)

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