Common use of Additional Guarantors and Collateral Clause in Contracts

Additional Guarantors and Collateral. (a) Effective upon any Domestic Subsidiary of the Parent which is not, as of the date hereof, a Material Subsidiary becoming a Material Subsidiary, the Borrower shall cause such Domestic Subsidiary to, within ten (10) Business Days execute and deliver to the Administrative Agent for the benefit of the Secured Creditors a joinder to the Subsidiary Guaranty. The Borrower shall (or shall cause the Parent to) promptly notify the Administrative Agent at any time at which any such Domestic Subsidiary becomes a Material Subsidiary.

Additional Guarantors and Collateral. (a) Effective upon any Domestic Subsidiary of the Parent which is not, as of the date hereof, a Material Subsidiary becoming a Material Subsidiary, the Borrower shall cause such Domestic Subsidiary to, within ten (10) Business Days execute and deliver to the Administrative Agent for the benefit of the Secured Creditors a joinder to the Subsidiary Guaranty. The Borrower shall (or shall cause the Parent to) promptly notify the Administrative Agent at any time at which any such Domestic Subsidiary becomes a Material Subsidiary.