Foreign Subsidiary Collateral definition

Foreign Subsidiary Collateral has the meaning specified in Section 2.16(c).
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Foreign Subsidiary Collateral as defined in Section 2.1.6.
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Foreign Subsidiary Collateral means sixty-six (66%) percent of the issued and outstanding shares of Capital Stock of the direct Subsidiaries of Borrower which are Foreign Subsidiaries or any other shares of Capital Stock of such Foreign Subsidiaries which are at any time pledged to Agent by Borrower.
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Examples of Foreign Subsidiary Collateral in a sentence

  • If the Company or any Subsidiary creates or permits to exist any Lien on any Foreign Subsidiary Collateral as security for any Obligations under any Qualified Credit Facility, then the Company will, or will cause such Subsidiary to, concurrently grant the Joint Collateral Agent valid, enforceable and perfected Liens upon such Foreign Subsidiary Collateral as security for Note Obligations and Parity Lien Obligations.

  • In addition, as to certain Foreign Subsidiary Collateral and proceeds thereof, the Note Liens and any Parity Liens will rank Equally and Ratably with Liens securing certain Credit Facility Obligations under a Qualified Credit Facility.

  • The Intercreditor Agent and Security Trustee shall not be responsible for insuring the Foreign Subsidiary Equity Collateral or any Pledged Instrument except as provided in the immediately following sentence when the Intercreditor Agent and Security Trustee has possession of such Foreign Subsidiary Collateral.


More Definitions of Foreign Subsidiary Collateral

Foreign Subsidiary Collateral as defined in Section 2.1.6. THIRD AMENDED AND RESTATED CREDIT AGREEMENT – PAGE 40
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Foreign Subsidiary Collateral means the collateral described in the Foreign Pledge Agreement and the Foreign Security Agreements now or hereafter delivered by a Foreign Subsidiary in favor of Bank.
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