Foreign Collateral Agreement definition

Foreign Collateral Agreement means one or more security documents among the applicable Non US Loan Parties and the Administrative Agent granting a Lien on the assets of such Non US Loan Parties to secure the Secured Obligations. Each Foreign Collateral Agreement shall be in form and substance reasonably satisfactory to the Administrative Agent and the Parent Borrower.

Foreign Collateral Agreement means the U.S. Collateral Agreement (Foreign Obligations) dated as of May 8, 2015 among LEX Explorer LLC, the Cayman Borrower, certain Subsidiaries of the Cayman Borrower from time to time party thereto and the Collateral Agent.

Foreign Collateral Agreement means one or more security agreements, charges, hypothecs, mortgages or pledges with respect to the Collateral (other than Pledged Collateral or Collateral that is subject to a Mortgage) of a Foreign Subsidiary Loan Party, each in form and substance reasonably satisfactory to the Administrative Agent.

Examples of Foreign Collateral Agreement in a sentence

• With respect to any foreign Security Documents and any Foreign Collateral Agreements, notwithstanding anything herein to the contrary, the terms and provisions of this Agreement shall apply only to the extent permitted under the governing law of the applicable foreign Security Document or Foreign Collateral Agreement.

• If any provision of this Agreement limits, qualifies or conflicts with a provision of any foreign Security Document or Foreign Collateral Agreement, the applicable provision of such foreign Security Document or Foreign Collateral Agreement shall govern.

• When all filings and public recordations described in each Foreign Collateral Agreement are made in the appropriate jurisdictions as described in such Foreign Collateral Agreements, each Foreign Collateral Agreement shall constitute a fully perfected Lien on, and security interest in, all right, title and interest of the Loan Parties in such Collateral and the proceeds thereof, as security for the obligations described therein, in each case prior and superior in right to any other Person.

• Ubiquiti Global hereby acknowledges receipt of copies of the Credit Agreement, the Foreign Collateral Agreement, the Cayman Subsidiary Guaranty and the other Loan Documents to which it is a party and agrees for the benefit of the Administrative Agent and the Secured Parties to be bound thereby and to comply with the terms thereof insofar as such terms are applicable to it.

• The Credit Parties and Ubiquiti Global hereby agree that each reference to a “Grantor”, the “Grantors”, an “Issuer” or the “Issuers” in the Foreign Collateral Agreement and the other Loan Documents shall include Ubiquiti Global.

More Definitions of Foreign Collateral Agreement

Foreign Collateral Agreement means each security agreement that is stated to be governed by the law of a jurisdiction outside of the United States and that is required by the Administrative Agent and any Collateral Agent to grant Liens in certain of the assets of the Loan Parties party thereafter in favor of such Collateral Agent and/or the “Pledgees” (as defined therein), for the benefit of the “Secured Parties” and/or the “Pledgees” (each as defined therein), in form and substance reasonably satisfactory to the Administrative Agent and such Collateral Agent and subject to the Agreed Security Principles.

Foreign Collateral Agreement means the Amended and Restated Foreign Collateral Agreement dated as of the date hereof executed by the Foreign Credit Parties (other than Ubiquiti Hong Kong) in favor of the Administrative Agent, for the ratable benefit of the Secured Parties.

Foreign Collateral Agreement means with respect to any Person, such collateral agreements and other agreements necessary under applicable foreign law to grant to the Collateral Agent a security interest in such assets of such Person of the type identified in the Domestic Collateral Agreement; provided that no security interest shall be granted on all or any portion of such assets if the Domestic Borrower demonstrates to the Collateral Agent and the Collateral Agent determines (in its reasonable discretion) that the cost of granting such security interest exceeds the value of the security offered thereby.

Foreign Collateral Agreement an agreement, in form and substance satisfactory to the Arrangers, to be delivered by a Foreign Subsidiary to the Administrative Agent pursuant to which such Foreign Subsidiary creates a Lien on its assets described therein in favor of the Administrative Agent, for the ratable benefit of the Lenders, as amended, supplemented or otherwise modified from time to time.

Foreign Collateral Agreement means each pledge agreement or similar instrument, in form and substance reasonably satisfactory to the Administrative Agent and Collateral Agent, executed by any Credit Party on the Closing Date or from time to time thereafter in accordance with Section 5.10 with respect to the Capital Stock of any Foreign Subsidiary, as such Foreign Collateral Agreement may be amended, restated, supplemented or otherwise modified from time to time.

Foreign Collateral Agreement means each agreement executed and delivered by any Foreign Restricted Subsidiary of the Company pursuant to which such Foreign Restricted Subsidiary has granted a Lien on any of its tangible or intangible assets in favor of the Collateral Agent.

Foreign Collateral Agreement means each security agreement that is stated to be governed by the law of a jurisdiction outside of the United States and that is required by the Administrative Agent and any Collateral Agent to grant Liens in certain of the assets of the Loan Parties party thereafter in favor of such Collateral Agent and/or the “Pledgees” (as defined therein), for the benefit of the “Secured Parties” and/or the “Pledgees” (each as defined therein), in form [[5517420]] #93623000v7 and substance reasonably satisfactory to the Administrative Agent and such Collateral Agent and subject to the Agreed Security Principles.