Examples of UK Collateral Documents in a sentence
For the purposes of any Liens or Collateral created under the UK Collateral Documents, the following additional provisions shall apply.
The Administrative Agent and the Lenders shall have the continuing and exclusive right to apply and reverse and reapply any and all such proceeds and payments to any portion of the Secured Obligations (other than in the case of any proceeds received from the UK Borrowers or pursuant to the UK Collateral Documents, which shall only be applied to the UK Secured Obligations).
Except for filings completed prior to the Closing Date and as contemplated hereby and by the Collateral Documents, no filing or other action will be necessary to perfect or protect such Liens, subject to any exceptions with respect to the requirement to perfect such Liens expressly set forth in the Collateral Documents; provided that, solely in the case of the UK Collateral Documents, this Section 5.21(a) shall be subject to the Legal Reservations.
For purposes of any Liens or Collateral created under the UK Collateral Documents, the following additional provisions shall apply, in addition to the provisions set out in paragraph (b) above or otherwise provided for hereunder.
No Credit Party will, nor will it permit any of its Subsidiaries to, organize or invest in any new Subsidiary except (a) as permitted under Section 6.5 (a), (h) or (j), (b) if the new Subsidiary is a Guarantor and complies with the requirement of a Guarantor set forth herein or (c) if the new Subsidiary is a U.K. Guarantor and complies with the requirement of a U.K. Guarantor set forth herein and in the U.K. Collateral Documents.