Foreign Pledge Agreements definition

Foreign Pledge Agreements means each pledge agreement, charge or collateral security instrument creating a security interest in the Capital Stock of the Foreign Subsidiary Borrowers and certain other first-tier Foreign Subsidiaries of the Company, in each case, in form and substance reasonably satisfactory to the Administrative Agent, as such agreements may be amended, supplemented or otherwise modified from time to time.

Foreign Pledge Agreements means, collectively those certain pledge agreements among the Borrower Parties, or any of them, and the Agent for the benefit of the Agent and the other Lenders pursuant to which one or more Borrower Parties may pledge up to and including sixty-five percent (65%) of the equity interests of directly-owned Foreign Subsidiaries.

Foreign Pledge Agreements means the collective reference to (a) the Charge of Shares in ATP Oil & Gas (UK) Limited, substantially in the form of Exhibit D, between the Borrower and the Collateral Agent and (b) the Pledge of Shares in the capital of ATP Oil & Gas (Netherlands) B.V., substantially in the form of Exhibit E, among the Borrower, ATP Oil & Gas (Netherlands) B.V. and the Collateral Agent, each for the ratable benefit of the Secured Parties.

Examples of Foreign Pledge Agreements in a sentence

• The Borrower also shall pay all out-of-pocket expenses incurred by the Collateral Agent in connection with the creation and perfection of the security interests contemplated by this Agreement, including all filing, recording and similar fees and, as more specifically set forth above, the reasonable fees and disbursements of counsel (including foreign counsel in connection with Foreign Pledge Agreements).

• In determining whether to require one or more Foreign Pledge Agreements as permitted above, the Administrative Agent or Required Lenders, as the case may be, shall (in their sole discretion) consider the costs of the actions required in connection with the execution and delivery of the respective Foreign Pledge Agreements as against the relative value of the security interests and additional protection provided thereby.

• All Equity Interests issued in accordance with this Section 6.11(b) shall, to the extent required by Section 5.12 or the Security Agreements and Foreign Pledge Agreements, be delivered to the Collateral Agent for pledge pursuant to the Security Agreements and Foreign Pledge Agreements.

• The pledge of the Security Agreement Collateral pursuant to the Security Agreements and Foreign Pledge Agreements does not violate such regulations.

• The Collateral Agent, for itself and its successors, hereby accepts the duties and obligations required by this Collateral Agent Agreement, the Mortgages, the Foreign Pledge Agreements, the Security Agreement and the other Security Documents upon the terms and conditions hereof and thereof, including those contained in Article 7.

More Definitions of Foreign Pledge Agreements

Foreign Pledge Agreements means (a) those pledge agreements and charges listed on Schedule 1.1(c), (as amended, restated, supplemented or modified from time to time), executed by certain Subsidiaries of the Company in favor of the Administrative Agent and (b) any other Pledge Agreement, Memorandum of Charge Over Shares or similar document or instrument entered into by the Company or any of its Subsidiaries with respect to the Pledged Foreign Subsidiaries.

Foreign Pledge Agreements shall have the meaning provided in Section 10.10(h).

Foreign Pledge Agreements shall have the meaning provided in Section 3.09.

Foreign Pledge Agreements means any supplemental pledge agreement governed by the laws of a jurisdiction other than the United States, a State thereof or the District of Columbia, executed and delivered by the Company or any Domestic Subsidiary pursuant to the terms of this Agreement, in form and substance reasonably satisfactory to the Administrative Agent, as may be necessary under the laws of organization or incorporation of a Material Foreign Subsidiary to further protect or perfect the Administrative Agent’s Lien on any Collateral.

Foreign Pledge Agreements means the Shares Pledge Agreement dated as of even date herewith, made by the Borrower in favor of the Administrative Agent for the benefit of the Secured Parties, the Shares Pledge Agreement dated as of even date herewith, made by Canyon Offshore, Inc., in favor of the Administrative Agent for the benefit of the Secured Parties, and any agreement pledging Equity Interests of a Foreign Subsidiary pursuant to Section 6.13.

Foreign Pledge Agreements has the meaning assigned to such term in the Security Agreement.

Foreign Pledge Agreements means any pledge or security agreement, pursuant to which the Stock of any Foreign Subsidiary of any Loan Party is pledged by such Loan Party to secure payment of the Secured Obligations.