Common use of ADDITIONAL CREDIT PARTIES AND COLLATERAL Clause in Contracts

ADDITIONAL CREDIT PARTIES AND COLLATERAL. Promptly after (i) the formation or acquisition of any Material Subsidiary not listed on Schedule 5.1(m), (ii) the transfer of assets to any Consolidated Company if notice thereof is required to be given pursuant to Section 6.1(g)(xii) and as a result thereof the recipient of such assets becomes a Material Subsidiary, or (iii) the occurrence of any other event creating a new Material Subsidiary, Sponsor shall cause to be executed and delivered a Guaranty Agreement from each such Material Subsidiary, together with related corporate authorization documents, organizational documents, secretary's certificates and opinions, all in form and substance satisfactory to the Servicer and the Required Participants.

ADDITIONAL CREDIT PARTIES AND COLLATERAL. Promptly after (i) the formation or acquisition of any Material Subsidiary not listed on Schedule 5.1(m)5.14, (ii) the transfer of assets to any Consolidated Company if notice thereof is required to be given pursuant to Section 6.1(g)(xii6.07(m) and as a result thereof the recipient of such assets becomes a Material Subsidiary, or (iii) the occurrence of any other event creating a new Material Subsidiary, Sponsor Borrower shall cause to be executed and delivered a Supplement to Subsidiary Guaranty Agreement from each such Material Subsidiary, together with related corporate authorization documents, organizational documents, secretary's certificates and opinions, all in form and substance satisfactory to the Servicer Agent and the Required ParticipantsLenders.

ADDITIONAL CREDIT PARTIES AND COLLATERAL. Promptly ---------------------------------------- after (i) the formation or acquisition of any Material Subsidiary not listed on Schedule 5.1(m)6.13, (ii) the transfer of assets to any Consolidated Company if notice ------------- thereof is required to be given pursuant to Section 6.1(g)(xii7.07(m) and as a result thereof the recipient of such assets becomes a Material Subsidiary, or (iii) the occurrence of any other event creating a new Material Subsidiary, Sponsor Borrower shall cause to be executed and delivered a Guaranty Agreement from each such Material Subsidiary, together with related corporate authorization documents, organizational documents, secretary's certificates and opinions, all in form and substance satisfactory to the Servicer Agent and the Required ParticipantsLenders.