Common use of Additional Debtors Clause in Contracts

Additional Debtors. From time to time subsequent to the date hereof, additional Guarantors may become Additional Debtors pursuant to the terms of the Indenture, by executing a Pledge Joinder substantially in the form attached hereto as Exhibit B. Upon delivery of any such counterpart agreement to Secured Party, notice of which is hereby waived by Debtors, (a) each Additional Debtor shall be a Debtor and shall be as fully a party hereto as if Additional Debtor were an original signatory hereto and (b) the supplemental schedules thereto shall be incorporated into and become a part of and supplement the respective schedules to this Agreement; and each reference to such Schedules shall mean and be a reference to such Schedules as supplemented pursuant to each Security Agreement Supplement. Each Debtor expressly agrees that its obligations arising hereunder shall not be affected or diminished by the addition or release of any other Debtor hereunder, nor by any election of Secured Party not to cause any Subsidiary of Company to become an Additional Debtor hereunder. This Agreement shall be fully effective as to any Debtor that is or becomes a party hereto regardless of whether any other Person becomes or fails to become or ceases to be a Debtor hereunder.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Majestic Investor Capital Corp), Pledge and Security Agreement (Majestic Investor Capital Corp)

AutoNDA by SimpleDocs

Additional Debtors. From time to time subsequent to the date hereof, additional Subsidiary Guarantors (as defined in the Indenture) may become Additional additional Debtors pursuant to the terms of the Indenture, by executing a Pledge Joinder Supplement to Security Agreement, substantially in the form attached hereto as Exhibit B. A. Upon delivery of any such counterpart agreement to the Secured Party, notice of which is hereby waived by Debtors, (a) each Additional additional Debtor shall be a Debtor and shall be as fully a party hereto as if Additional additional Debtor were an original signatory hereto and (b) the supplemental schedules thereto shall be incorporated into and become a part of and supplement the respective schedules to this Agreement; and each reference to such Schedules shall mean and be a reference to such Schedules as supplemented pursuant to each Supplement to Security Agreement SupplementAgreement. Each Debtor expressly agrees that its obligations arising hereunder shall not be affected or diminished by the addition or release of any other Debtor hereunder, nor by any election of Secured Party not to cause any Restricted Subsidiary of the Company to become an Additional additional Debtor hereunder. This Agreement shall be fully effective as to any Debtor that is or becomes a party hereto regardless of whether any other Person becomes or fails to become or ceases to be a Debtor hereunder.

Appears in 1 contract

Samples: Pledge and Security Agreement (Peninsula Gaming, LLC)

Additional Debtors. From time to time subsequent to the date hereoftime, additional Guarantors Subsidiaries of Borrower may become parties hereto as additional Debtors (each, an "Additional Debtors pursuant to the terms of the Indenture---------- Debtor"), by executing and delivering to the Administrative Agent a Pledge Joinder ------ Agreement substantially in the form attached of Exhibit I to the Credit Agreement, --------- accompanied by a supplement to Schedule 1 hereto and such other documentation as Exhibit B. ---------- Administrative Agent may reasonably require in connection therewith, wherein such Additional Debtors agree to become a party hereto and to be bound hereby. Upon delivery of any such counterpart agreement Joinder Agreement to Secured Partyand acceptance thereof by Administrative Agent, notice of which is hereby waived by Debtors, (a) each such Additional Debtor shall be a Debtor and shall be as fully a party hereto as if such Additional Debtor were an original signatory hereto and (b) the supplemental schedules thereto hereto. Each Additional Debtor shall be incorporated into deemed to have made the representations and become a part warranties set forth in Paragraph 2 of and supplement this Agreement as of the respective schedules to this Agreement; and each reference to such Schedules shall mean and be a reference to such Schedules as supplemented pursuant to each Security Agreement Supplementdate of its joinder. Each Debtor expressly agrees that its obligations arising hereunder Secured Obligations and the Liens upon its property granted herein shall not be affected or diminished by the addition or release of any other Debtor Additional Debtors hereunder, nor by any election of Secured Party Parties not to cause any other Subsidiary of Company Borrower to become an Additional Debtor hereunder. This Agreement shall be fully effective as to any Debtor that who is or becomes a party hereto regardless of whether any other Person becomes or fails to become or ceases to be a Debtor hereunder.

Appears in 1 contract

Samples: Security Agreement (California Pizza Kitchen Inc)

Additional Debtors. From time to time subsequent to the date time hereof, additional Guarantors Subsidiaries of the Parent Debtor may become Additional Debtors Guarantors pursuant to the terms of the IndentureIndenture (each an “Additional Debtor”). Substantially contemporaneous therewith, such Additional Debtors shall join this Security Agreement by executing a Pledge Joinder substantially Security Agreement Supplement in the form of Attachment A attached hereto (or such other form as Exhibit B. may be satisfactory to the Lead Holder and the Collateral Agent). Upon delivery of any such counterpart agreement supplement to Secured Partythe Lead Holder and the Collateral Agent, notice of which is hereby waived by Debtors, (a) each such Additional Debtor shall be a Debtor hereunder and shall be as fully a party hereto as if such Additional Debtor were an original signatory hereto and (b) the supplemental schedules thereto shall be incorporated into and become a part of and supplement the respective schedules to this Agreement; and each reference to such Schedules shall mean and be a reference to such Schedules as supplemented pursuant to each Security Agreement Supplementhereof. Each Debtor expressly agrees that its obligations arising hereunder shall not be affected or diminished by the addition or release of any other Debtor hereunder, nor or by any election of any Secured Party not to cause any Subsidiary of Company the Parent Debtor to become an Additional Debtor hereunder. This Security Agreement shall be fully effective as to any Debtor that is or becomes a party hereto regardless of whether any other such Person becomes or fails to become or ceases to be a Debtor hereunder.

Appears in 1 contract

Samples: Security Agreement (Breitburn Energy Partners LP)

AutoNDA by SimpleDocs

Additional Debtors. From time to time subsequent to the date hereof, additional Guarantors may become Additional Debtors pursuant to the terms of the Indenture, by executing a Pledge Joinder substantially in the form attached hereto as Exhibit B. Upon delivery of any such counterpart agreement to Secured Party, notice of which is hereby waived by Debtors, (a) each Additional Debtor shall be a Debtor and shall be as fully a party hereto as if such Additional Debtor were an original signatory hereto and (b) the supplemental schedules thereto shall be incorporated into and become a part of and supplement the respective schedules to this Agreement; and each reference to such Schedules shall mean and be a reference to such Schedules as supplemented pursuant to each Security Agreement Pledge Supplement. Each Debtor expressly agrees that its obligations arising hereunder shall not be affected or diminished by the addition or release of any other Debtor hereunder, nor by any election of Secured Party not to cause any Subsidiary of Company Issuer to become an Additional Debtor hereunder. This Agreement shall be fully effective as to any Debtor that is or becomes a party hereto regardless of whether any other Person becomes or fails to become or ceases to be a Debtor hereunder.

Appears in 1 contract

Samples: Pledge and Security Agreement (Orbital Sciences Corp /De/)

Additional Debtors. From time to time subsequent to the date hereof, additional Guarantors may become Additional Debtors pursuant to the terms of the Indenture, by executing a a Pledge Joinder substantially in the form attached hereto as Exhibit B. Upon delivery of any such counterpart agreement to the Secured Party, notice of which is hereby waived by Debtors, (a) each Additional Debtor shall be a Debtor and shall be as fully a party hereto as if Additional Debtor were an original signatory hereto and (b) the supplemental schedules thereto shall be incorporated into and become a part of and supplement the respective schedules to this Agreement; and each reference to such Schedules shall mean and be a reference to such Schedules as supplemented pursuant to each Security Agreement Supplement. Each Debtor expressly agrees that its obligations arising hereunder shall not be affected or diminished by the addition or release of any other Debtor hereunder, nor by any election of Secured Party not to cause any Subsidiary of the Company to become an Additional Debtor hereunder. This Agreement shall be fully effective as to any Debtor that is or becomes a party hereto regardless of whether any other Person becomes or fails to become or ceases to be a Debtor hereunder.

Appears in 1 contract

Samples: Pledge and Security Agreement (Mikohn Gaming Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.