Examples of Mexican Collateral Documents in a sentence
Any judgment against the Borrower obtained in a non-Mexican state or federal court to which the Borrower is submitting pursuant to Section 9.09(b) hereof (other than judgments on the Mexican Collateral Documents) is capable of being enforced in the courts of Mexico, subject to the satisfaction of all applicable procedural requirements.
Until a successor Mexican Collateral Agent is appointed and accepts the role as successor Mexican Collateral Agent, the retiring Mexican Collateral Agent may, but is not obligated to, continue to hold any collateral under or in connection with the Mexican Collateral Documents as a bailee for the Secured Parties for a period acceptable to the retiring Mexican Collateral Agent without any further obligation under the Loan Documents.
The MXN Collateral Agent may perform any of its duties under the Mexican Collateral Documents and the Term Loan Intercreditor Agreement by or through any appointed sub-agents and any of their respective affiliates, officers, directors, agents or employees.
The duties of the MXN Collateral Agent under the Mexican Collateral Documents and the Term Loan Intercreditor Agreement are solely mechanical and administrative in nature.