Common use of Foreign Action Clause in Contracts

Foreign Action. Notwithstanding anything to the contrary herein, to the extent any Collateral is located in any jurisdiction outside the United States, or the creation or perfection of a lien in any Collateral requires any action or documentation outside the United States, no such action or documentation outside the United States shall be required with respect to such Collateral.

Appears in 11 contracts

Samples: Pledge and Security Agreement (Babcock & Wilcox Co), Pledge and Security Agreement (Babcock & Wilcox Co), Pledge and Security Agreement (McDermott International Inc)

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Foreign Action. Notwithstanding anything to the contrary herein, to the extent any Collateral is located in any jurisdiction outside the United StatesStates and Canada, or the creation or perfection of a lien in any Collateral requires any action or documentation outside the United StatesStates and Canada, no such action or documentation outside the United States and Canada shall be required with respect to such Collateral.

Appears in 1 contract

Samples: Credit Agreement (BWX Technologies, Inc.)

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