Common use of ADDITIONAL CREDIT PARTIES AND COLLATERAL Clause in Contracts

ADDITIONAL CREDIT PARTIES AND COLLATERAL. (a) Unless the Required Lenders otherwise agree, promptly after (i) the formation or acquisition (provided that nothing in this Section shall be deemed to authorize the acquisition of any entity not otherwise permitted hereunder) of any Subsidiary not listed on Schedule 5.01 (unless such Subsidiary holds no assets and conducts no business), (ii) the domestication of any Foreign Subsidiary, (iii) the occurrence of any other event creating a new Subsidiary, or (iv) Intermet desires that an existing Subsidiary which is designated as "inactive" on Schedule 5.01 be designated as "active", Intermet shall cause to be executed and delivered a counterpart to the Guaranty Agreement from each such Subsidiary that is not a Foreign 956 Subsidiary, together with related documents with respect to such Subsidiary of the kind described in Section 4.01(e), (f), (g), (h) and (o), all in form and substance satisfactory to the Administrative Agent and the Required Lenders.

ADDITIONAL CREDIT PARTIES AND COLLATERAL. (a) Unless the Required Lenders otherwise agree, promptly after (i) the formation or acquisition (provided that nothing in this Section shall be deemed to authorize the acquisition of any entity not otherwise permitted hereunder) of any Subsidiary not listed on Schedule 5.01 (other than a Receivables Subsidiary or a Special Purpose Vehicle or unless such Subsidiary holds no assets and conducts no business), (ii) the domestication of any Foreign Subsidiary, (iii) the occurrence of any other event creating a new Subsidiary, or (iv) Intermet a Subsidiary ceases to be, or the Borrower desires that such Subsidiary cease to be, an existing Subsidiary which is designated as "inactive" on Schedule 5.01 be designated as "active"Inactive Subsidiary, Intermet the Borrower shall cause to be executed and delivered a counterpart to the Guaranty Agreement and the Subsidiary Pledge and Security Agreement and Mortgages from each such Subsidiary that is not a Foreign 956 Subsidiary, together with related documents with respect to such Subsidiary of the kind described in Section 4.01(e), (f), (g), (h) and (o), all in form and substance satisfactory to the Administrative Agent and the Required Lenders.

ADDITIONAL CREDIT PARTIES AND COLLATERAL. (a) Unless the Required Lenders otherwise agree, promptly after (i) the formation or acquisition (provided that nothing in this Section shall be deemed to authorize the acquisition of any entity not otherwise permitted hereunder) of any Subsidiary not listed on Schedule 5.01 (other than a Receivables Subsidiary or a Special Purpose Vehicle or unless such Subsidiary holds no assets and conducts no business), (ii) the domestication of any Foreign Subsidiary, (iii) the occurrence of any other event creating a new Subsidiary, or (iv) Intermet a Subsidiary ceases to be, or the Borrower desires that such Subsidiary cease to be, an existing Subsidiary which is designated as "inactive" on Schedule 5.01 be designated as "active"Inactive Subsidiary, Intermet the Borrower shall cause to be executed and delivered a counterpart to the Guaranty Agreement and the Subsidiary Pledge and Security Agreement and Mortgages from each such Subsidiary that is not a Foreign 956 Subsidiary, together with related documents with respect to such Subsidiary of the kind described in Section 4.01(e), (f), (g), (h) and (on), all in form and substance satisfactory to the Administrative Agent and the Required Lenders.