Common use of Guarantees; Collateral Clause in Contracts

Guarantees; Collateral. (i) The Guaranty with respect to the Irish Holdco, Irish Sub Holdco, Lux Holdco, each Borrower and each Subsidiary Guarantor (and any confirmation thereof) shall have been executed and be in full force and effect, and (ii) all documents and instruments required to perfect the Collateral Agent’s security interest in (A) all of the issued and outstanding Equity Interests of Irish Sub Holdco, Lux Holdco, each Borrower and each Subsidiary Guarantor and (B) subject to the Agreed Security Principles (in the case of any Foreign Subsidiary, other than Irish Holdco, Irish Sub Holdco, Lux Holdco, the Lux Borrower and any Foreign Subsidiary organized under the laws of Canada or any province, territory or subdivision thereof), substantially all of the assets of the Irish Holdco, Irish Sub Holdco, Lux Holdco, each Borrower and each Subsidiary Guarantor (in each case, to the extent included in the Collateral) shall have been executed and delivered and, if applicable, be in proper form for filing.

Appears in 2 contracts

Sources: Credit Agreement (Endo International PLC), Credit Agreement (Endo International PLC)