French Collateral definition
Examples of French Collateral in a sentence
Pursuant to article 1161 of the French code civil, the Lenders hereby expressly authorize the French Collateral Agent to act on the behalf and for the account of the Lenders and in its own name and for its own account as creditor under the Parallel Debt provision set forth in Section 11.24, in connection with the performance of the Loan Documents.
For the avoidance of doubt, French Collateral Agent shall be a co-collateral agent hereunder.
With the exception of the French Collateral ---------------- Documents, all certificates, instruments and other documents to be delivered under or supplied in connection with this Agreement shall be in the English language or shall attach a certified English translation thereof, which translation shall be the governing version.
Any obligations of the Administrative Agent (or any other Person acting in such capacity) in this Agreement shall be obligations of the Administrative Agent in its capacity as French Collateral Agent to the extent that the obligations relate to the French Pledge Agreements or the security thereby created.
Notwithstanding anything to the contrary contained herein, the Agents and/or the Lenders expressly reserve and maintain their rights and prerogatives under the French Collateral Documents in accordance with the provisions of Article 1278 of the French Code civil.
Additionally, in its capacity as French Collateral Agent, the Administrative Agent (or any Person acting in such capacity) shall have all the rights, remedies, and benefits in favor of the Administrative Agent contained in the provisions of the whole of this Article VIII.
In the event that there are any conflicts between the terms of this Amendment and the terms of the Agreement, the terms of this Amendment shall control.
Substantially concurrently with the effectiveness of the Permitted Holdings Amalgamation, the French Guarantors shall execute and deliver to the Administrative Agent, Collateral Agent and French Collateral Agent such reaffirmation, confirmation, and/or other documents in respect of the French Security Documents and the Guarantees and Foreign Guarantees of the French Guarantors as may be reasonably requested by such agents.
With respect to the French Borrower, a list of all its Inventory, a list of all its present and future Accounts to be assigned under the French Collateral Documents, and a list of all amounts outstanding to its RoT Suppliers.
For the purpose of the French Collateral Documents governed by French law, ▇.▇.