(b) Pledge of Equity Interests. With respect to the creation or acquisition of a
Subsidiary, the appropriate Loan Party shall within thirty (30) days (or such longer period as the Administrative Agent shall approve in its sole discretion) after such creation or acquisition execute a Security Agreement (or a Security Joinder
Agreement) and, in connection therewith, pledge all of its Equity Interests in such Subsidiary to the Administrative Agent as security for the Obligations; provided that (i) no Foreign Subsidiary shall be required to pledge any of its Equity
Interests in any other Foreign Subsidiary, (ii) the Borrower or any Domestic Subsidiary shall not be required to pledge more than sixty-five percent (65%) of the voting Equity Interests of any first-tier Foreign Subsidiary, and
(iii) such pledge shall be legally available and shall not result in materially adverse tax consequences on such Loan Party. The Borrower shall deliver to the Administrative Agent the share certificates (or other evidence of equity) evidencing
any of the Equity Interests pledged pursuant to this Section 6.12(b) if such Equity Interests are certificated or so evidenced.
(c) Perfection or Registration of Interest in Foreign Equity Interests. With respect to any foreign Equity Interests pledged to the
Administrative Agent by the Borrower or any Domestic Subsidiary, on or after the Closing Date, the Administrative Agent shall at all times, in the reasonable discretion of the Administrative Agent or the Required Lenders, have the right to require
the perfection, at Borrowers cost, payable upon request therefor (including, without limitation, any foreign counsel, or foreign notary, filing, registration or similar, fees, costs or expenses), of the security interest in such Equity
Interests in the respective foreign jurisdiction.
(d) Pledged Intercompany Notes. With respect to the creation or acquisition by a
Loan Party of a Pledged Intercompany Note, the appropriate Loan Party shall pledge to the Administrative Agent, as security for the Obligations, such Pledged Intercompany Note. Such Loan Party shall promptly deliver to the Administrative Agent such
Pledged Intercompany Note and an accompanying allonge.
(e) Collateral Generally. The Borrower shall:
(i) promptly furnish to the Administrative Agent or any Lender upon request (x) additional statements and information with
respect to the Collateral, and all writings and information relating to or evidencing any of the Borrowers or any Subsidiarys accounts (including, without limitation, computer printouts or typewritten reports listing the mailing
addresses of all present account debtors), and (y) any other writings and information as the Administrative Agent or such Lender may reasonably request;
(ii) promptly notify the Administrative Agent in writing upon the creation of any accounts with respect to which the account
debtor is the United States or any other Governmental Authority, or any business that is located in a foreign country;
(iii) promptly notify the Administrative Agent in writing upon the creation by any Loan Party of a deposit account or
securities account not listed on Schedule 5.23 hereto and, if such deposit account is owned by the Borrower or another Loan Party and is not an Excluded Account, promptly provide for the execution of a Deposit Account Control Agreement or
Securities Account Control Agreement, as applicable, with respect thereto, if required by the Administrative Agent or the Required Lenders;