Common use of Scope of Collateral Application Clause in Contracts

Scope of Collateral Application. Notwithstanding anything to the contrary in this Credit Agreement or in any other Loan Document, the Administrative Agent, the L/C Issuers, the Swing Line Lender and the Lenders agree and acknowledge, for the avoidance of doubt, that (i) the Foreign Borrower shall be liable only for repayment of Loans that are made to it, in its capacity as a Borrower hereunder and (ii) the Foreign Guaranty shall only guaranty repayment of the Foreign Obligations.

Scope of Collateral Application. Notwithstanding anything to the contrary in this Credit Agreement or in any other Loan Document, the Administrative Agent, the L/C Issuers, the Swing Line Lender and the Lenders agree and acknowledge, for the avoidance of doubt, that (i) the Foreign Borrower shall be liable only for repayment of Loans that are made to it, in its capacity as a Borrower hereunder and hereunder; (ii) the Foreign Guaranty shall only guaranty the repayment of the Foreign Obligations; and (iii) the Foreign Pledge shall only secure the Foreign Guaranty.