Guarantors and Security. (a) Each guarantee will be an upstream, cross-stream and downstream guarantee and each guarantee and security will be for all liabilities of the Companys, borrowers and the guarantors under any Financing, under the documents relating to the Financing in accordance with, and subject to, the requirements of the Agreed Security Principles. (b) Where an Company, borrower or guarantor under any Financing pledges shares, the relevant security document will (subject to agreed exceptions) be governed by the law of the company whose shares are being pledged and not by the law of the country of the pledgor.
Appears in 3 contracts
Sources: Senior Unsecured Facility Agreement (TPG Advisors IV, Inc.), Senior Secured Facility Agreement (TPG Advisors IV, Inc.), Pik Facility Agreement (TPG Advisors IV, Inc.)