Common use of Agreed Security Principles Clause in Contracts

Agreed Security Principles. The Principles: The guarantees and security to be provided in support of the Foreign Tranche A Term Loans, the Foreign Tranche B Term Loans and the Foreign Revolving Commitments will be given in accordance with the agreed security principles set out in this Schedule 1.01(e). Potential restrictions on credit support: The Agreed Security Principles recognize there may be legal and practical difficulties in obtaining security from the Foreign Borrower and Foreign Guarantors (the “Foreign Obligors”) in every jurisdiction in which Foreign Obligors are incorporated or operate. In particular:

Agreed Security Principles. The Principles: The guarantees and security to be provided in support of the Foreign Tranche A Term Loans, the Foreign Tranche B Term Loans and the Foreign Revolving Commitments Commitment will be given in accordance with the agreed security principles set out in this Schedule 1.01(e). Potential restrictions on credit support: The Agreed Security Principles recognize there may be legal and practical difficulties in obtaining security from the Foreign Borrower and Foreign Guarantors (the “Foreign Obligors”) in every jurisdiction in which Foreign Obligors are incorporated or operate. In particular:.