Common use of Additional Debtors Clause in Contracts

Additional Debtors. If a Debtor creates or acquires any new Subsidiary, then such Debtor shall cause such new Subsidiary to become party to this Agreement for all purposes of this Agreement by executing and delivering an Assumption Agreement in the form of Annex A hereto.

Appears in 4 contracts

Samples: Security Agreement (Echo Therapeutics, Inc.), Security Agreement (Integrated Biopharma Inc), Security Agreement (Manaris Corp)

AutoNDA by SimpleDocs

Additional Debtors. If a Debtor creates or acquires any new Subsidiary, then such Debtor shall cause such new Subsidiary to become party to this Agreement for all purposes of this Agreement by executing and delivering an Assumption Agreement in the form of Annex A hereto. 5.

Appears in 1 contract

Samples: Security Agreement (Integrated Biopharma Inc)

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