Non-U.S. Subsidiaries. Notwithstanding anything in subpart (a) above or elsewhere in this Agreement to the contrary, no U.S. Credit Party shall be required to (i) pledge (or cause to be pledged) more than 65% of the Equity Interests in any direct Subsidiary of a U.S. Credit Party that is a CFC or CFC Holdco, (ii) pledge (or cause to be pledged), or grant security (or cause security to be granted) in, any assets of a Subsidiary that is a CFC or a CFC Holdco, including Equity Interests in any Subsidiary that is a direct or indirect Subsidiary of a CFC or a CFC Holdco or any assets of a direct or indirect Subsidiary of a CFC or CFC Holdco or (iii) cause any CFC, CFC Holdco or any Subsidiary thereof to join in any U.S. Subsidiary Guaranty or to become a party to any U.S. Security Document, in each case of this clause (b) in respect of any U.S. Obligations.
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Sources: Credit Agreement (GTT Communications, Inc.), Credit Agreement (GTT Communications, Inc.)
Non-U.S. Subsidiaries. Notwithstanding anything in subpart (a) above or elsewhere in this Agreement to the contrary, no U.S. Credit Party shall be required to (i) pledge (or cause to be pledged) more than 65% of the Equity Interests in any direct Subsidiary of a U.S. Credit Party that is a CFC or CFC Holdco, (ii) pledge (or cause to be pledged), or grant security (or cause security to be granted) in, any assets of a Subsidiary that is a CFC or a CFC Holdco, including Equity Interests in any Subsidiary that is a direct or indirect Subsidiary of a CFC or a CFC Holdco or any assets of a direct or indirect Subsidiary of a CFC or CFC Holdco or (iii) cause any CFC, CFC Holdco or any Subsidiary thereof to join in any U.S. Subsidiary -175- Guaranty or to become a party to any U.S. Security Document, in each case of this clause (b) in respect of any U.S. Obligations.
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