Audiovox 2012 Annual Report Download - page 267

(iv) Foreign Guarantors and Foreign Collateral . Within thirty (30) days after the Closing Date (or such longer period
of time as agreed to by the Administrative Agent in its sole discretion), the Company shall cause the Canadian Guarantors, the
Mexican Guarantors, the Dutch Guarantors, the Venezuelan Guarantors, the German Guarantors and the Hungarian Guarantors
and the Foreign Borrower to enter into Joinder Agreements (other than with respect to the Foreign Borrower) and collateral
security documents, in each case, reasonably acceptable to the Administrative Agent whereby (A) each Foreign Guarantor shall
guaranty the Domestic Obligations and/or the Foreign Obligations as applicable, (B) each Foreign Guarantor shall provide
collateral security in support of such guaranty and (C) the Foreign Borrower shall provide collateral security in support of its
obligations hereunder. In connection with the foregoing, the Foreign Borrower and such Foreign Guarantors shall deliver to the
Administrative Agent, with respect to the Foreign Borrower and each such Foreign Guarantor to the extent applicable,
substantially the same documentation required pursuant to Sections 4.1 and 5.12 and such other documents or agreements as the
Administrative Agent may reasonably request.
(v) Insurance Certificates. Within thirty (30) days after the Closing Date (or such longer period of time as agreed to
by the Administrative Agent in its sole discretion), the Company shall deliver copies of insurance policies or certificates and
endorsements of insurance evidencing liability, casualty, property and business interruption insurance with respect to the
Foreign Borrower and its Subsidiaries meeting the requirements set forth herein or in the Security Documents.
(vi) Stock Certificates. Within thirty (30) days after the Closing Date (or such longer period of time as agreed to by
the Administrative Agent in its sole discretion), the Company shall deliver the stock or membership certificates (or foreign
equivalent thereof) and undated stock or transfer powers required hereunder to the extent not delivered to the Administrative
Agent on the Closing Date.
(vii) Intellectual Property. Within thirty (30) days after the Closing Date (or such longer period of time as agreed to
by the Administrative Agent in its sole discretion), the Company shall deliver evidence reasonably satisfactory to the
Administrative Agent that the Lien in favor of SunTrust Bank against certain Intellectual Property of the Credit Parties has been
terminated.
 
The proceeds of the Extensions of Credit shall be used by the Borrowers at all times solely as set forth in Section 3.11.
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