Common use of The Convention Clause in Contracts

The Convention. If the Convention applies to the Collateral, (i) Borrower shall establish a valid and existing account with the International Registry, appoint an Administrator and/or a Professional User acceptable to Mortgagee to make registrations in regard to the Collateral, and take the steps to initiate the registration of an International Interest in favor of the Mortgagee, with all such steps being completed except for the consent of Mortgagee; (ii) Borrower shall make reasonable efforts to register Borrower's Contract of Sale such that it shall be searchable in the International Registry, and (iii) Borrower shall execute and Mortgagee shall have received a fully completed and originally executed Irrevocable De-Registration and Export Request Authorization ("IDERA"), in the form required by the Protocol and acceptable to the Mortgagee and attached hereto as Exhibit E.

The Convention. If the Convention applies to the Collateral, (i) Borrower shall establish a valid and existing account with the International Registry, appoint an Administrator and/or a Professional User acceptable to Mortgagee to make registrations in regard to the Collateral, and take the steps to initiate the registration of an International Interest in favor of the Mortgagee, with all such steps being completed except for the consent of Mortgagee; (ii) Borrower shall make reasonable efforts to register Borrower's Contract of Sale such that it shall be searchable in the International Registry, and (iii) Borrower shall execute and Mortgagee shall have received a fully completed and originally executed Irrevocable De-Registration and Export Request Authorization ("IDERA"), in the form required by the Protocol and acceptable to the Mortgagee and attached hereto as Exhibit E.C.

The Convention. If the Convention applies to the Collateral, (i) Borrower Owner Trustee shall establish a valid and existing account with the International Registry, appoint an Administrator and/or a Professional User acceptable to Mortgagee to make registrations in regard to the Collateral, and take the steps to initiate the registration of an International Interest in favor of the Mortgagee, with all such steps being completed except for the consent of Mortgagee; (ii) Borrower Owner Trustee shall make reasonable efforts to register BorrowerOwner Trustee's Contract of Sale such that it shall be searchable in the International Registry, and (iii) Borrower Owner Trustee shall execute and Mortgagee shall have received a fully completed and originally executed Irrevocable De-Registration and Export Request Authorization ("IDERA"), in the form required by the Protocol and acceptable to the Mortgagee and attached hereto as Exhibit E.C.