Common use of Additional Canadian Subsidiaries Clause in Contracts

Additional Canadian Subsidiaries. Notify the Administrative Agent prior the creation or acquisition of any Canadian Subsidiary and promptly thereafter (and in any event within thirty (30) days after such creation or acquisition, as such time period may be extended by the Administrative Agent in its sole discretion) cause such Canadian Subsidiary (other than any Excluded Subsidiary) to (A) become a Canadian Subsidiary Guarantor by delivering to the Administrative Agent a duly executed supplement to the Canadian Subsidiary Guaranty Agreement or such other document as the Administrative Agent shall deem appropriate for such purpose, (B) grant a security interest in all Collateral (subject to the exceptions specified in the Canadian Collateral Agreement) owned by such Canadian Subsidiary by delivering to the Administrative Agent a duly executed supplement to each Security Document or such other document as the Administrative Agent shall deem appropriate for such purpose and comply with the terms of each Security Document, (C) deliver to the Administrative Agent such opinions, documents and certificates referred to in Section 7.1 as may be reasonably requested by the Administrative Agent, (D) deliver to the Administrative Agent such original Capital Stock or other certificates and stock or other transfer powers evidencing the Capital Stock of such Person, (E) deliver to the Administrative Agent such updated Schedules to the Loan Documents as requested by the Administrative Agent with respect to such Person, and (F) deliver to the Administrative Agent such other documents as may be reasonably requested by the Administrative Agent, all in form, content and scope reasonably satisfactory to the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Beacon Roofing Supply Inc)

AutoNDA by SimpleDocs

Additional Canadian Subsidiaries. Notify the Administrative Agent prior Promptly after the creation or acquisition of any Canadian Subsidiary and promptly thereafter (other than an Immaterial Subsidiary) (and in any event within thirty (30) days after such creation or acquisition, as such time period may be extended by the Administrative Agent in its sole discretion) cause such Canadian Subsidiary (other than any Excluded Subsidiary) to (Ai) become a Canadian Subsidiary Guarantor by delivering to the Administrative Agent a duly executed supplement to the Canadian Subsidiary Guaranty Agreement or such other document as the Administrative Agent shall deem appropriate for such purpose, (Bii) grant a security interest in all Collateral (subject to the exceptions specified in the Canadian Collateral Agreement) owned by such Canadian Subsidiary by delivering to the Administrative Agent a duly executed supplement to each applicable Security Document or such other document as the Administrative Agent shall deem appropriate for such purpose and comply with the terms of each applicable Security Document, (Ciii) deliver to the Administrative Agent such opinions, documents and certificates referred to in Section 7.1 6.1 as may be reasonably requested by the Administrative Agent, (Div) deliver to the Administrative Agent such original Capital Stock certificated Equity Interests or other certificates and stock or other transfer powers evidencing the Capital Stock Equity Interests of such Person, (Ev) deliver to the Administrative Agent such updated Schedules to the Loan Documents as requested by the Administrative Agent with respect to such Person, and (Fvi) deliver to the Administrative Agent such other documents as may be reasonably requested by the Administrative Agent, all in form, content and scope reasonably satisfactory to the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (DXP Enterprises Inc)

Additional Canadian Subsidiaries. Notify the Administrative Agent prior Promptly after the creation or acquisition of any Canadian Subsidiary and promptly thereafter (other than an Immaterial Subsidiary) (and in any event within thirty (30) days after such creation or acquisition, as such time period may be extended by the Administrative Agent in its sole discretion) cause such Canadian Subsidiary (other than any Excluded Subsidiary) to (Ai) become a Canadian Subsidiary Guarantor by delivering to the Administrative Agent a duly executed supplement to the Canadian Subsidiary Guaranty Agreement or such other document as the Administrative Agent shall deem appropriate for such purpose, (Bii) grant a security interest in all Collateral (subject to the exceptions specified in the Canadian Collateral Agreement) owned by such Canadian Subsidiary by delivering to the Administrative Agent a duly executed supplement to each applicable Security Document or such other document as the Administrative Agent shall deem appropriate for such purpose and comply with the terms of each applicable Security Document, (Ciii) deliver to the Administrative Agent such opinions, documents and certificates referred to in Section 7.1 6.1 as may be reasonably requested by the Administrative Agent, (Div) deliver to the Administrative Agent such original Capital Stock certificated Equity Interests or other certificates and stock or other transfer powers evidencing the Capital Stock Equity Interests of such Person, (Ev) deliver to the Administrative Agent such updated Schedules to the Loan Documents as requested by the Administrative Agent with respect to such Person, and (Fvi) deliver to the Administrative Agent such other documents as may be reasonably requested by the Administrative Agent, all in form, content and scope reasonably satisfactory to the Administrative Agent.. 50788495_7

Appears in 1 contract

Samples: Credit Agreement (DXP Enterprises Inc)

AutoNDA by SimpleDocs

Additional Canadian Subsidiaries. Notify the Administrative Agent prior Promptly after the creation or acquisition of any Canadian Subsidiary and promptly thereafter (other than an Immaterial Subsidiary) (and in any event within thirty (30) days after such creation or acquisition, as such time period may be extended by the Administrative Agent in its sole discretion) cause such Canadian Subsidiary (other than any Excluded Subsidiary) to (Ai) become a Canadian Subsidiary Guarantor by delivering to the Administrative Agent a duly executed supplement to the Canadian Subsidiary Guaranty Agreement or such other document as the Administrative Agent shall deem appropriate for such purpose, (Bii) grant a security interest in all Collateral (subject to the exceptions specified in the Canadian Collateral Agreement) owned by such Canadian Subsidiary by delivering to the Administrative Agent a duly executed supplement to each applicable Security Document or such other document as the Administrative Agent shall deem appropriate for such purpose and comply with the terms of each applicable Security Document, (Ciii) deliver to the Administrative Agent such opinions, documents and certificates referred to in Section 7.1 6.1 as may be reasonably requested by the Administrative Agent, (Div) deliver to the Administrative Agent such original Capital Stock certificated Equity Interests or other certificates and stock or other transfer powers evidencing the Capital Stock Equity Interests of such Person, (Ev) deliver to the Administrative Agent such updated Schedules to the Loan Documents as requested by the Administrative Agent with respect to such Person, and (F) deliver to the Administrative Agent such other documents as may be reasonably requested by the Administrative Agent, all in form, content and scope reasonably satisfactory to the Administrative Agent.50788495_7

Appears in 1 contract

Samples: Credit Agreement (DXP Enterprises Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!