Acceding Group Companies Clause Samples

Acceding Group Companies. 26.1 Acceding Borrowers (a) Subject to paragraph (b) below, the Company may, upon not less than 3 Business Days’ prior written notice to the Facility Agent, request that any member of the Bank Group becomes an Acceding Borrower under this Agreement. (b) Such member of the Bank Group may become an Acceding Borrower if: (i) it is incorporated in the United Kingdom or (if it is not incorporated in the United Kingdom) an Instructing Group has approved the addition of that member of the Bank Group as an Acceding Borrower; (ii) the Company delivers to the Facility Agent a duly completed and executed Accession Notice pursuant to which it agrees to become a party to this Agreement as an Acceding Borrower and (subject to any provision of law prohibiting the same) an Acceding Guarantor; (iii) the Company confirms that no Event of Default is continuing or would occur as a result of that member of the Bank Group becoming an Acceding Borrower; and Acceding Guarantor; and (iv) the Facility Agent has received all of the documents and other evidence listed in Part 2 of Schedule 7 (Accession Documents) in relation to that member of the Bank Group, each in form and substance satisfactory to the Agent, acting reasonably. (c) The Facility Agent shall notify the Company and the Lenders promptly upon being satisfied that the conditions specified in paragraph (b) above have been satisfied.

Acceding Group Companies