Common use of Approved Foreign Entity Clause in Contracts

Approved Foreign Entity. Any Foreign Subsidiary that is requested by Borrower to become an Additional Subsidiary Guarantor hereunder, and Agent has received adequate assurances reasonably acceptable to Agent of such Foreign Subsidiary’s ability and authority to enter into a guaranty of the Obligations and of the enforceability and collectability of such guaranty (including, any judgment arising from such guaranty) against any such Foreign Subsidiary in its jurisdiction of organization, the jurisdiction in which such International Investment is located and such other jurisdictions as the Agent may reasonably require.

Approved Foreign Entity. Any Foreign Subsidiary that is requested by Borrower to become an Additional Subsidiary Guarantor hereunder, and Agent has received adequate assurances reasonably acceptable to Agent of such Foreign Subsidiary’s ability and authority to enter into a guaranty of the Obligations and of the enforceability and collectability of such guaranty (including, any judgment arising from such guaranty) against any such Foreign Subsidiary in its jurisdiction of organization, the jurisdiction in which such International Investment is located and such other jurisdictions as the Agent may reasonably require. Approved Foreign Guaranty. See §5.3.