Common use of Foreign Security Documents Clause in Contracts

Foreign Security Documents. The guarantees and security interests to be provided under or pursuant to any Foreign Security Documents (as defined below) in connection with the Credit Agreement will be given in accordance with the security and guarantee principles set out in this Exhibit P (the “Foreign Security Principles”). This Exhibit P addresses the manner in which the Foreign Security Principles will impact the guarantees and security interests proposed to be granted pursuant to and governed by the Foreign Security Documents in relation to the Transactions. The Foreign Security Principles embody recognition by all parties that there may be certain legal and practical difficulties in obtaining guarantees and security interests from all Guarantors that are Foreign Subsidiaries in jurisdictions in which such Guarantors are incorporated and/or in which it has been agreed that such guarantees and security interests will be granted (any documentation relating to such guarantees and security interests, the “Foreign Security Documents”). In particular, with respect to each Foreign Security Document: