Common use of Foreign Pledge Agreements Clause in Contracts

Foreign Pledge Agreements. Execution and delivery to Collateral Agent of foreign pledge agreements with respect to 65% of the Capital Stock owned by Company or a Domestic Subsidiary of all Foreign Subsidiaries with respect to which Collateral Agent deems a foreign pledge agreement necessary or advisable to perfect or otherwise protect the First Priority Liens granted to Collateral Agent on behalf of Lenders and the holders of the Other Lender Guarantied Obligations in such Capital Stock, and the taking of all such other actions under the laws of such jurisdictions as Collateral Agent may deem necessary or advisable to perfect or otherwise protect such Liens; and

Foreign Pledge Agreements. Execution Except for the Foreign Pledge Agreement to be delivered pursuant to subsection 6.8B(i), execution and delivery to Collateral Agent of foreign pledge agreements Foreign Pledge Agreements with respect to 6566% of the Capital Stock stock directly owned by Company or a Domestic Subsidiary of all Foreign Subsidiaries with respect to which Collateral Agent deems a foreign pledge agreement Foreign Pledge Agreement necessary or advisable to perfect or otherwise protect the First Priority Liens granted to Collateral Agent on behalf of Lenders and the holders of the Other Lender Guarantied Obligations in such Capital Stockstock, and the taking of all such other actions under the laws of such jurisdictions as Collateral Agent may deem necessary or advisable to perfect or otherwise protect such Liens; and