Examples of Dutch Security Agreements in a sentence
The Administrative Agent is hereby authorized by the Lenders which are a party to this Agreement to execute and deliver any documents necessary or appropriate to create the rights of pledge governed by the laws of the Netherlands for the benefit of the Secured Creditors, including the Dutch Security Agreements.
The Collateral Agent, acting in its individual capacity, hereby agrees to apply all proceeds that it receives in connection with any enforcement action taken under or pursuant to the Dutch Security Agreements or otherwise in satisfaction in whole or in part of the Parallel Debt, mutatis mutandis, in accordance with the provisions of this Agreement and the other Loan Documents.
The parties hereto acknowledge and agree that, for purposes of the Dutch Security Agreements, any resignation by the Collateral Agent is not effective for purposes of continuing the security interest in respect of the Parallel Debt until such rights and obligations have been assumed by the successor Collateral Agent.
Agent will reasonably cooperate in assigning its rights and obligations under the Parallel Debt Foreign and the Parallel Debt U.S. to the successor Agent and will reasonably cooperate in transferring all rights under the Dutch Security Agreements to the successor Agent.
Notwithstanding the foregoing, the security interest in any of the Borrowers’ assets that are covered by the Dutch law omnibus pledge agreement and Dutch law notarial share pledge deeds (the “Dutch Security Agreements”), shall be created and governed by the Dutch Security Agreements.