Common use of Addition of Guarantors Clause in Contracts

Addition of Guarantors. The Borrowers shall cause each of their respective Subsidiaries that is a Subsidiary as of the date of this Agreement or at any time thereafter (other than Inactive Subsidiaries), to deliver to the Agent an executed Guaranty and appropriate corporate resolutions, opinions and other documentation in form and substance reasonably satisfactory to the Agent, such Guaranty and other documentation to be delivered to the Agent as promptly as possible but in any event within thirty (30) days of the date of the formation of such entity or such entity otherwise becoming a Subsidiary.

Appears in 3 contracts

Samples: Credit Agreement (Marsh Supermarkets Inc), Credit Agreement (Marsh Supermarkets Inc), Credit Agreement (Marsh Supermarkets Inc)

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Addition of Guarantors. The Borrowers shall cause each of their respective Subsidiaries wholly-owned domestic Subsidiary that is a Subsidiary of any Borrower as of the date of this Agreement (subject to Section 7.2(N)) or at any time thereafter (other than Inactive Subsidiaries)thereafter, to deliver to the Agent an executed Guaranty and appropriate corporate resolutions, opinions and other documentation in form and substance reasonably satisfactory to the Agent, such Guaranty and other documentation to be delivered to the Agent as promptly as possible but in any event within thirty (30) days of the date of the formation of such entity or such entity otherwise becoming determination that a Subsidiarydomestic Subsidiary needs to be added as a Guarantor.

Appears in 1 contract

Samples: Credit Agreement (Finish Line Inc /In/)

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