Document ID: 15401

Text:
(c) Additional Foreign Subsidiaries. Notify the Administrative Agent promptly after any Person becomes a First Tier Foreign Subsidiary, and promptly thereafter (and, in any event, within fortyfive (45) days after such notification; provided that the Administrative Agent may extend such time period by (x) an additional fifteen (15) days in its sole discretion and (y) an unlimited number of days thereafter with the consent of the Required Lenders), cause (i) the applicable Loan Party to deliver to the Administrative Agent Collateral Documents pledging sixtyfive percent (65%) of the total outstanding voting Ownership Interests (and one hundred percent ( 100% ) of the nonvoting Ownership Interests) of any such new First Tier Foreign Subsidiary, which Collateral Documents shall be governed by the law of the jurisdiction of organization of such First Tier Foreign Subsidiary, and a consent thereto executed by such new First Tier Foreign Subsidiary (including, if applicable, original certificated Ownership Interests (or the equivalent thereof pursuant to the applicable Legal Requirements and practices of any relevant foreign jurisdiction) evidencing the Ownership Interests of such new First Tier Foreign Subsidiary, together with an appropriate undated stock or other transfer power for each certificate duly executed in blank by the registered owner thereof), (ii) such Person to deliver to the Administrative Agent such opinions, documents and certificates referred to in Section 3.2 as may be reasonably requested by the Administrative Agent, (iii) such Person to deliver to the Administrative Agent such updated Schedules to the Loan Documents as requested by the Administrative Agent with regard to such Person and (iv) such Person to deliver to the Administrative Agent such other documents as may be reasonably requested by the Administrative Agent, all in form, content and scope reasonably satisfactory to the Administrative Agent. For the avoidance of doubt, no guaranty by (or pledge of any of the assets or Ownership Interests (other than up to sixtyfive percent (65%) of the voting Ownership Interests and one hundred percent ( 100% ) of the nonvoting Ownership Interests of a First Tier Foreign Subsidiary) of) any First Tier Foreign Subsidiary shall be required to the extent such guaranty or pledge would have a material adverse tax consequence for either Borrower or result in a violation of applicable Legal Requirements.

Named Entities:
103
107
Percentage
118
120
Percentage
122
123
Percentage
381
382
Percentage

Tokenized Text:
(
c
)
Additional
Foreign
Subsidiaries
.
Notify
the
Administrative
Agent
promptly
after
any
Person
becomes
a
First
Tier
Foreign
Subsidiary
,
and
promptly
thereafter
(
and
,
in
any
event
,
within
fortyfive
(
45
)
days
after
such
notification
;
provided
that
the
Administrative
Agent
may
extend
such
time
period
by
(
x
)
an
additional
fifteen
(
15
)
days
in
its
sole
discretion
and
(
y
)
an
unlimited
number
of
days
thereafter
with
the
consent
of
the
Required
Lenders
)
,
cause
(
i
)
the
applicable
Loan
Party
to
deliver
to
the
Administrative
Agent
Collateral
Documents
pledging
sixtyfive
percent
(
65
%
)
of
the
total
outstanding
voting
Ownership
Interests
(
and
one
hundred
percent
(
100
%
)
of
the
nonvoting
Ownership
Interests
)
of
any
such
new
First
Tier
Foreign
Subsidiary
,
which
Collateral
Documents
shall
be
governed
by
the
law
of
the
jurisdiction
of
organization
of
such
First
Tier
Foreign
Subsidiary
,
and
a
consent
thereto
executed
by
such
new
First
Tier
Foreign
Subsidiary
(
including
,
if
applicable
,
original
certificated
Ownership
Interests
(
or
the
equivalent
thereof
pursuant
to
the
applicable
Legal
Requirements
and
practices
of
any
relevant
foreign
jurisdiction
)
evidencing
the
Ownership
Interests
of
such
new
First
Tier
Foreign
Subsidiary
,
together
with
an
appropriate
undated
stock
or
other
transfer
power
for
each
certificate
duly
executed
in
blank
by
the
registered
owner
thereof
)
,
(
ii
)
such
Person
to
deliver
to
the
Administrative
Agent
such
opinions
,
documents
and
certificates
referred
to
in
Section
3
.
2
as
may
be
reasonably
requested
by
the
Administrative
Agent
,
(
iii
)
such
Person
to
deliver
to
the
Administrative
Agent
such
updated
Schedules
to
the
Loan
Documents
as
requested
by
the
Administrative
Agent
with
regard
to
such
Person
and
(
iv
)
such
Person
to
deliver
to
the
Administrative
Agent
such
other
documents
as
may
be
reasonably
requested
by
the
Administrative
Agent
,
all
in
form
,
content
and
scope
reasonably
satisfactory
to
the
Administrative
Agent
.
For
the
avoidance
of
doubt
,
no
guaranty
by
(
or
pledge
of
any
of
the
assets
or
Ownership
Interests
(
other
than
up
to
sixtyfive
percent
(
65
%
)
of
the
voting
Ownership
Interests
and
one
hundred
percent
(
100
%
)
of
the
nonvoting
Ownership
Interests
of
a
First
Tier
Foreign
Subsidiary
)
of
)
any
First
Tier
Foreign
Subsidiary
shall
be
required
to
the
extent
such
guaranty
or
pledge
would
have
a
material
adverse
tax
consequence
for
either
Borrower
or
result
in
a
violation
of
applicable
Legal
Requirements
.