Addition of Borrowers. Any Borrower may elect from time to time to designate another Subsidiary or a subsidiary of Brookfield Business Partners L.P. as a Borrower hereunder subject to delivering to the Lender a signed accession agreement in the form required by the Lender and from and after the date of such designation, such Person shall for all purposes be a “Borrower” hereunder.
Addition of Borrowers. In the case of a Wholly-Owned Domestic Subsidiary of Holdings formed or acquired pursuant to the consummation of a Permitted Acquisition, by execution of (a) a Borrower Joinder Agreement by a signatory thereof and (b) a joinder to the Guarantee and Collateral Agreement in substantially the form of Annex I thereto by a signatory thereof, and such signatory’s satisfaction of all conditions and completion of all deliveries specified in the Joinder Amendment (if any), the Borrower Joinder Agreement and the joinder to the Guarantee and Collateral Agreement, this Agreement shall be amended so that such signatory shall become for all purposes a party to this Agreement as if an original signatory hereto and shall be admitted as a Borrower hereunder. This Agreement (as amended by each Joinder Amendment) shall be binding for all purposes upon such signatory Borrower as if such signatory was an original signatory hereto. The Borrower Joinder Agreement shall require, among other things, (x) a supplement to the Schedules provided by the Loan Parties in connection with this Agreement to reflect the new Borrower and (y) the delivery of new Notes, as applicable, reflecting all Borrowers.
Addition of Borrowers. BBP may elect from time to time to designate another Subsidiary as a Borrower hereunder subject to delivering to the Lender a signed accession agreement in the form required by the Lender and from and after the date of such designation, such Subsidiary shall for all purposes be a “Borrower” and “Obligor” hereunder.
Addition of Borrowers. Any Foreign Subsidiary of the Company may join this Agreement as a Foreign Borrower hereunder upon (i) execution and delivery by the Company, such Foreign Subsidiary and the Administrative Agent of a Joinder Agreement providing for such Foreign Subsidiary to become a Foreign Borrower hereunder, (ii) to the extent requested by any Revolving Credit Lender, execution and delivery by such Foreign Subsidiary to the Administrative Agent of a Revolving Note, appropriately completed in favor of such Revolving Credit Lender, (iii) to the extent required under (and as described more completely in) Section 6.10, execution and delivery by the Company and any applicable Subsidiaries to the Administrative Agent of an amendment or supplement to the Pledge Agreement, together with the certificates evidencing the Capital Stock of such Foreign Subsidiary being pledged thereby and undated stock powers duly executed in blank, and (iv) to the extent not previously delivered pursuant to Section 6.10, delivery to the Administrative Agent of documents and certificates with respect to such Foreign Subsidiary of the type described in Sections 4.1(c) and 4.1(d) and such other documents, certificates and opinions (including opinions of local counsel in the jurisdiction of organization of such Foreign Subsidiary) as the Administrative Agent may reasonably request, all in form and substance reasonably satisfactory to the Administrative Agent. Any such Foreign Subsidiary may be removed and released as a Foreign Borrower upon (y) written notice from the Company to the Administrative Agent to such effect and (z) repayment in full of all outstanding Loans of such Foreign Borrower, together with all accrued and unpaid interest thereon and all other fees, expenses and other Obligations owing by such Foreign Borrower in connection therewith.
Addition of Borrowers. The obligation of the Lenders to advance a Borrowing to a proposed Borrower hereunder is subject to the conditions that the Borrowers shall have given the Administrative Agent at least fifteen (15) Business Days prior written notice and each of the following:
Addition of Borrowers. Upon the satisfaction of each of the following requirements in this Section 6.4, a proposed Borrower shall be designated a Borrower hereunder; provided that the Administrative Agent shall be given at least ten (10) Business Days’ prior written notice from the date clauses (j) and (l) are satisfied: provided, further, that references to Borrower in this Section 6.4 shall not include Qualified Borrowers:
Addition of Borrowers. MULTIPLE BORROWERS. 15.1 Addition of Borrowers. Provided that no Default or Event of Default has occurred and is then continuing, and subject to the prior consent of Lender, Borrowing Representative may from time to time direct that any of the then Loan Parties’ Subsidiaries which is not then a Borrower become a Borrower by submitting a Borrower Addendum to Lender with respect to such Subsidiary, together with (a) a certificate, dated the date of such Borrower Addendum, of the Secretary or Assistant Secretary of such Subsidiary and substantially in the fonn of, and with substantially the same attachments as, the certificate which would have been required under Section 10. Uc) if such Subsidiary had become a party hereto on the Closing Date, and (b) an opinion of counsel to such Subsidiary in all respects reasonably satisfactory to the Lender. Upon receipt of such Borrower Addendum and all of the supporting items referred to in clauses (a) and (b) of this Section 15.1. Lender shall confirm such Borrower Addendum by signing a copy thereof and shall deliver a copy thereof to Borrowing Representative, at which time such Subsidiary shall become a ''Borrower"' hereunder. 15.2
Addition of Borrowers. From time to time additional borrowers may become a party to this Loan Agreement (each, an “Additional Borrower”) by execution and delivery of a Joinder Agreement in accordance with the following: (i) each Additional Borrower must be a Special Purpose Entity approved by Lender in its reasonable discretion, (ii) the Equity Interests of such Additional Borrower must be pledged hereunder and the related original certificates evidencing such Equity Interests shall be delivered to Lender together with an undated stock power with respect to such certificates, executed in blank, (iii) Lender shall have received all additional documents specified in Section 5.02(p) prior to and in connection with the closing of the Joinder Agreement, (iv) each Additional Borrower shall, at the time of becoming a Borrower hereunder, be in compliance with each of the representations, warranties and covenants made by Borrowers in this Loan Agreement and the other Loan Documents with respect to such party upon its joinder, and (v) each Additional Borrower shall have provided to Lender information reasonably satisfactory to Lender to comply with applicable legal requirements with respect to “know your customer” requirements. Upon the addition of any such Additional Borrower, such Additional Borrower shall be a “Borrower” for all purposes of this Loan Agreement and the other Loan Documents, and any document, agreement, or instrument executed or issued pursuant to this Section 2.12 shall be a Loan Document.
Addition of Borrowers. Subject to the terms and conditions hereof, from time to time, one or more Domestic Subsidiaries which is a Wholly Owned Subsidiary may become a Borrower under this Agreement upon (i) delivery of a completed Borrower Supplement to the Administrative Agent, (ii) satisfaction of the conditions precedent specified in the Borrower Supplement, (iii) compliance with the requirements specified in Section 7.9(b) herein to the extent such Subsidiary had not so complied prior to such time, and (iv) delivery to the Administrative Agent of legal opinions in form and substance, and from counsel, reasonably satisfactory to the Administrative Agent.
Addition of Borrowers. Any Subsidiary that is not then a Borrower hereunder may become a Borrower hereunder with the written consent of the Lender, which consent shall be given in the sole discretion of the Lender, and pursuant to any procedures and documentation satisfactory in form and substance to Lender.
