Foreign Pledge Agreement. Within sixty (60) days after the Closing Date, You will provide Us with an executed pledge agreement (subject to the provisions of the Working Capital Intercreditor Agreement) executed by You and Us pursuant to which you will pledge 65% of the capital stock or ownership interests of each of Your first-tier Foreign Subsidiaries to Us.
Foreign Pledge Agreement. The Foreign Pledge Agreement is effective to create in favor of the Foreign Collateral Agent, for the ratable benefit of the holders of the secured obligations identified therein, a legal, valid and enforceable Lien in the Collateral of such Credit Party identified therein in which a Lien may be created by the execution of the Foreign Pledge Agreement under applicable law, except to the extent the enforceability thereof may be limited by applicable Debtor Relief Laws affecting creditors’ rights generally and by equitable principles of law (regardless of whether enforcement is sought in equity or at law) and the Foreign Pledge Agreement shall create a fully perfected Lien on, and security interest in, all right, title and interest of the pledgors thereunder in such Collateral, in each case prior and superior in right to any other Lien (other than Permitted Liens).
Foreign Pledge Agreement. Each Lender hereby authorizes the Administrative Agent to enter into a Foreign Stock Pledge Agreement with HWI Europe Ltd., 38480 Xxxxx Xxxxx Xxxxx, Xxxxxxx, Xxxxxxxx, xxrsuant to which certain present and future shares in HWI Sub as well as certain rights and claims relating thereto are pledged as security to the Lenders and the Administrative Agent. The Administrative Agent is authorized to agree on any provisions and to make all declarations that it considers in its discretion necessary or appropriate in this context, including any amendments of such Foreign Stock Pledge Agreement. The Administrative Agent is released of the restrictions set forth in Section 181 German Civil Code and authorized to delegate this power of attorney or grant sub-power of attorney.
Foreign Pledge Agreement. On or within 5 days following the Acquisition Date, provide to the Administrative Agent a deed of pledge of shares, in substantially the form of Exhibit E-6 hereto (as amended, supplemented or otherwise modified hereafter from time to time in accordance with the terms thereof and Section 9.01, the “French Pledge Agreement”), duly executed by ESK KG with respect to the pledge of Equity Interests of its French Subsidiary, together with (1) evidence of the due execution and delivery of all further instruments and documents, and the taking of all further actions (including, without limitation, the completion of all recordings and filings of or with respect to the French Pledge Agreement that may be necessary or that the Administrative Agent may reasonably deem desirable in order to perfect and protect the liens and security interests created under the French Pledge Agreement and (2) opinions of local counsel as to the matters in clause (1) in form and substance satisfactory to the Administrative Agent.
