Security Document Actions Clause Samples

Security Document Actions. Notwithstanding anything to the contrary in any Security Document or any other Loan Document, the Cayman Borrower and Ubiquiti Global shall have thirty (30) days after the First Amendment Effective Date (or such longer period agreed to by the Administrative Agent) to take any actions required under any Security Document or any other Loan Document with respect to the pledge and perfection of Ubiquiti Global’s Equity Interests by the Cayman Borrower and perfection of the Administrative Agent’s security interest in Ubiquiti Global’s Collateral (as defined in the Foreign Collateral Agreement).