Common use of Additional Debtors Clause in Contracts

Additional Debtors. From time to time subsequent to the time hereof, additional Subsidiaries of Borrower may become parties hereto as additional Debtors (each an “Additional Debtor”) by executing a Security Agreement Supplement in the form attached hereto (or such other form as may be reasonably satisfactory to the Secured Party). Upon delivery of any such supplement to the Secured Party, notice of which is hereby waived by Debtors, each such Additional Debtor shall be a Debtor hereunder and shall be a party hereto as if such Additional Debtor were an original signatory hereof. 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, or by any election by Secured Party or any Lenders not to cause any Subsidiary of Borrower 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 such Person becomes or fails to become or ceases to be a Debtor hereunder.

Appears in 1 contract

Samples: Security Agreement (AMERICAN EAGLE ENERGY Corp)

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Additional Debtors. The initial Debtors hereunder shall be such of the Obligors as are signatories hereto as of the date hereof. From time to time subsequent to the time date hereof, additional Subsidiaries of Borrower Obligors, as required by the Credit Agreement or the other Loan Documents, may become parties hereto hereto, as additional Debtors (each each, an "Additional Debtor”) "), by executing and delivering a Security Agreement Supplement in the form attached hereto (counterpart of, or such other form as may be reasonably satisfactory to the Secured Party)joinder to, this Agreement. Upon delivery of any such supplement counterpart or joinder to the Secured PartyCollateral Agent, notice of which is hereby waived by Debtorsany other Debtor, 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 hereof. 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, or nor by any election by Secured Party or any Lenders of the Lender Group not to cause any Subsidiary of Borrower Obligor 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 such other Person becomes or fails to become or ceases to be a Debtor hereunder.

Appears in 1 contract

Samples: Security Agreement (Corrida Resources Inc)

Additional Debtors. The initial Debtors hereunder shall be such of the Debtors as are signatories hereto as of the date hereof. From time to time subsequent to the time date hereof, additional Subsidiaries of Borrower Debtors, as required by the Loan Agreement or the other Loan Documents, may become parties hereto hereto, as additional Debtors (each each, an "Additional Debtor”) "), by executing and delivering a Security Agreement Supplement in the form attached hereto (or such other form as may be reasonably satisfactory to the Secured Party)counterpart of this Agreement. Upon delivery of any such supplement counterpart to the Secured PartyAgent, notice of which is hereby waived by Debtorsany other Debtor, 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 hereof. Each Debtor expressly agrees that its obligations arising hereunder shall not be affected or diminished by the addition or release of any other Debtor hereunderDebtor, or nor by any election by Secured Party or any Lenders of Agent not to cause any Subsidiary of Borrower Person 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 such other Person becomes or fails to become or ceases to be a Debtor hereunder. [signature page follows.]

Appears in 1 contract

Samples: Suretyship Agreement (Star Telecommunications Inc)

Additional Debtors. The initial Debtors hereunder shall be such of the Debtors as are signatories hereto as of the date hereof. From time to time subsequent to the time date hereof, additional Subsidiaries of Borrower Debtors, as required by the Loan Agreement or the other Loan Documents, may become parties hereto hereto, as additional Debtors (each each, an "Additional Debtor”) "), by executing and delivering a Security Agreement Supplement in the form attached hereto (or such other form as may be reasonably satisfactory to the Secured Party)counterpart of this Agreement. Upon delivery of any such supplement counterpart to the Secured Party, notice of which is hereby waived by Debtorsany other Debtor, 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 hereof. Each Debtor expressly agrees that its obligations arising hereunder shall not be affected or diminished by the addition or release of any other Debtor hereunderDebtor, or nor by any election by of Secured Party or any Lenders not to cause any Subsidiary of Borrower Person 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 such other Person becomes or fails to become or ceases to be a Debtor hereunder.

Appears in 1 contract

Samples: Copyright Security Agreement (Star Telecommunications Inc)

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Additional Debtors. The initial Debtors hereunder shall be such of the Debtors as are signatories hereto as of the date hereof. From time to time subsequent to the time date hereof, additional Subsidiaries of Borrower Debtors, as required by the Loan Agreement or the other Loan Documents, may become parties hereto hereto, as additional Debtors (each each, an "Additional Debtor”) "), by executing and delivering a Security Agreement Supplement in the form attached hereto (or such other form as may be reasonably satisfactory to the Secured Party)counterpart of this Agreement. Upon delivery of any such supplement counterpart to the Secured Party, notice of which is hereby waived by Debtorsany other Debtor, 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 hereof. Each Debtor expressly agrees that its obligations arising hereunder shall not be affected or diminished by the addition or release of any other Debtor hereunderDebtor, or nor by any election by of Secured Party or any Lenders not to cause any Subsidiary of Borrower Person 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 such other Person becomes or fails to become or ceases to be a Debtor hereunder.. [Signature page follows]

Appears in 1 contract

Samples: Trademark Security Agreement (Star Telecommunications Inc)

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