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"offset": [1343, 1355]}, {"key": "the-applicable", "type": "clause", "offset": [1366, 1380]}, {"key": "provisions-of-the", "type": "clause", "offset": [1397, 1414]}, {"key": "assignment-of", "type": "clause", "offset": [1469, 1482]}, {"key": "pledges-and-security-interests", "type": "clause", "offset": [1571, 1601]}, {"key": "applicable-law", "type": "clause", "offset": [1616, 1630]}, {"key": "rule-or-regulation", "type": "definition", "offset": [1632, 1650]}, {"key": "governmental-authority", "type": "clause", "offset": [1674, 1696]}, {"key": "to-provide", "type": "definition", "offset": [1800, 1810]}, {"key": "such-security", "type": "definition", "offset": [1811, 1824]}, {"key": "application-for-registration", "type": "clause", "offset": [1933, 1961]}, {"key": "pursuant-to-section", "type": "definition", "offset": [1983, 2002]}, {"key": "the-\u2587", "type": "clause", "offset": [2011, 2016]}, {"key": "prior-to-the", "type": "clause", "offset": [2045, 2057]}, {"key": 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2797]}, {"key": "the-lenders", "type": "clause", "offset": [2801, 2812]}, {"key": "the-security", "type": "clause", "offset": [2816, 2828]}, {"key": "notwithstanding-anything-to-the-contrary", "type": "clause", "offset": [2853, 2893]}, {"key": "in-clauses", "type": "clause", "offset": [3016, 3026]}], "snippet": "means (a) any owned real property having a value less than $1,000,000 and all leased real property irrespective of value (it being agreed that no Loan Party shall be required to deliver landlord lien waivers, estoppels or collateral access letters); (b) in the case of the U.S. Obligations only, voting Equity Interests of any Foreign Subsidiary owned directly by Holdings, the U.S. Borrower or any U.S. Subsidiary Guarantor in excess of 65% of the outstanding voting Equity Interests of such Foreign Subsidiary; (c) interests in partnerships, joint ventures and non-wholly owned Subsidiaries which cannot be pledged without the consent of one or more third parties (which consent has not been obtained); (d) any property subject to a capital lease, purchase money security interest or, in the case of after-acquired property, pre-existing secured Indebtedness to the extent the granting of a security interest in such assets would violate the terms of the agreement with respect thereto; (e) any lease, license or other agreement or purchase money or similar arrangement to the extent that a grant of a security interest therein would violate or invalidate such lease, license or agreement or purchase money or similar arrangement or create a right of termination in favor of any other party thereto (other than the Borrowers or a Guarantor) after giving effect to the applicable anti-assignment provisions of the UCC, other than proceeds and receivables thereof, the assignment of which is expressly deemed effective under the UCC notwithstanding such prohibition; (f) pledges and security interests prohibited by applicable law, rule or regulation or agreements with any Governmental Authority or which would require governmental (including regulatory) consent, approval, license or authorization to provide such security interest unless such consent, approval, license or authorization has been received; (g) any \u201cintent-to-use\u201d application for registration of a trademark filed pursuant to Section 1(b) of the \u2587\u2587\u2587\u2587\u2587\u2587 Act, 15 U.S.C. \u00a7 1051, prior to the filing of a \u201cStatement of Use\u201d pursuant to Section 1(d), or an \u201cAmendment to Allege Use\u201d pursuant to Section 1(c), of the \u2587\u2587\u2587\u2587\u2587\u2587 Act, to the extent that, and during the period, if any, in which, the grant of a security interest therein would impair the validity or enforceability of any registration that issues from such intent-to-use application under applicable federal Laws, (h) assets subject to certificates of title or ownership (other than property covered by, or subject to the Lien of, a Mortgage on a Mortgaged Vessel); and (i) those assets as to which the Administrative Agent and the Borrowers reasonably agree that the costs of obtaining such a security interest or perfection thereof are excessive in relation to the benefit to the Lenders of the security to be afforded thereby. 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