Example ContractsClausesconfirmation as to dutch collateral documentsVariants
Confirmation as to Dutch Collateral Documents
Confirmation as to Dutch Collateral Documents contract clause examples

with respect to any Dutch Subsidiary that becomes a Subsidiary Guarantor after the Amendment Effective Date, if such Subsidiary is a direct Subsidiary of either Obligor, any other Dutch Note Party, or any Domestic Guarantor, then within thirty (30) days thereof (or such longer period as may be acceptable to the Collateral Agent in its sole discretion), # such Subsidiary Guarantor shall # execute and deliver to the Collateral Agent such amendments or addendums to the Collateral Documents or such other documents as the Collateral Agent deems necessary and requests in order to grant to the Collateral Agent, for the benefit of the [[Subsidiary Guarantors:Organization]] of Notes, a perfected first priority security interest (subject only to applicable Permitted Liens) in the Equity Interests of such Subsidiary, and # take such other action as may be necessary or, in the reasonable opinion of the Collateral Agent, desirable to perfect the Lien of the Collateral Agent thereon, and # the Obligors shall deliver to the Collateral Agent legal opinions relating to the matters described above, which opinions shall be in form and substance, and from counsel, reasonably satisfactory to the Collateral Agent;

With respect to any instrument evidencing intercompany Indebtedness issued to a Dutch Note Party after the Amendment Effective Date, promptly but in any event when required pursuant to Section 7.2 (or such longer period as may be acceptable to the Collateral Agent in its sole discretion), # such Dutch Note Party shall # execute and deliver to the Collateral Agent such amendments or addendums to the Collateral Documents or such other documents as the Collateral Agent deems necessary and requests in order to grant to the Collateral Agent, for the benefit of the [[Subsidiary Guarantors:Organization]] of the Notes, a perfected first priority security interest in such instrument, and # take any such actions as may be necessary or, in the reasonable opinion of the Collateral Agent, desirable to perfect the Lien of the Collateral Agent thereon, and # the Obligor shall deliver to the Collateral Agent legal opinions relating to the matters described above, which opinions shall be in form and substance, and from counsel, reasonably satisfactory to the Collateral Agent.

if such Subsidiary is a direct Subsidiary of either Obligor, a Domestic Guarantor, or a Canadian Guarantor, such Company or Subsidiary Guarantor shall # execute and deliver to the Collateral Agent such amendments or addendums to the Collateral Documents as the Collateral Agent deems necessary to grant to the Collateral Agent, for the benefit of the [[Subsidiary Guarantors:Organization]] of Notes, a perfected first-priority security interest in the Equity Interests of such Subsidiary (subject only to applicable Permitted Liens) and # deliver to the Collateral Agent the certificates (if any) representing such Equity Interests, together with undated stock powers or share transfer forms, in blank, executed and delivered by a duly authorized officer of the applicable Person;

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