Local Law Requirements definition
Local Law Requirements. France. With respect to Partners domiciled in France, in the event of any conflict between any statutory law in France applicable to Partner, and the terms and conditions of this Agreement, the applicable statutory law shall prevail.
Local Law Requirements. Italy. With respect to Partners domiciled in Italy, Section 3.2 “Invoicing and Payment”, Section 3.3 “Overdue Charges”, Section 3.4 “Suspension of Service and Acceleration”, and Section 10.10.3 “Compliance with Anti-corruption Laws” of this Agreement are replaced with the following sections respectively:
Local Law Requirements means, with respect to any Aircraft, the conditions precedent and subsequent to the Drawdown Date for such Aircraft set forth on Schedule III to the Credit Agreement. The Local Law Requirements for any Aircraft shall be determined based on advice received from local counsel retained by the Agent (with the advice of the relevant Borrower) in the applicable jurisdictions and shall be reasonably necessary in order to (i) establish and/or maintain the perfection of the Security Trustee’s interests in the Mortgaged Property, Borrower Pledged Collateral and Borrower Parent Pledged Collateral, (ii) ensure the enforceability and validity of the Loan Operative Documents and (iii) take all shall mean, in respect of an Interestsuch other action in such jurisdiction as may be recommended or customary, as determined based on such local counsel’s advice.
More Definitions of Local Law Requirements
Local Law Requirements. Italy. With respect to Partners domiciled in Italy, Section 3.2 “Invoicing and
Local Law Requirements means the U.S. Law Requirements.