Examples of Agreed Security Principles in a sentence
The Security Documents will secure the Obligations (or the Parallel Debts with respect to the Dutch Security Documents) in accordance with, and subject to, the terms of these Agreed Security Principles in each relevant jurisdiction.
Subject to the Agreed Security Principles and in accordance with the terms of the relevant Collateral Documents, the Issuer and the Guarantors, as applicable, will make all timely filings and take all other actions necessary to formalize and perfect the security interest in the Collateral to be created (or amended) under the Collateral Documents within 120 days of the Closing Date.
For the avoidance of doubt, these Agreed Security Principles do not apply to Domestic Subsidiaries.
Subject to the guarantee limitations set out in the Loan Documents, each guarantee will be an upstream, cross-stream and downstream guarantee for the Obligations in accordance with, and subject to, the terms of these Agreed Security Principles in each relevant jurisdiction (references to "security" to be read for this purpose as including guarantees).
The determination of the guarantees to be provided by Subsidiaries that are Foreign Subsidiaries and the determination of Collateral to be provided by the Foreign Subsidiaries and the Collateral Documents to be delivered under this Agreement by Foreign Subsidiaries, and any obligation to enter into such document or obligation and/or provide security in any Collateral, by any such Foreign Subsidiaries, shall be subject in all respects to the Agreed Security Principles.