Additional Loan Parties; Additional Collateral. (i) ---------------------------------------------- Substantially concurrently with the formation or acquisition of any Subsidiary of the Borrower, (A) cause such Subsidiary (other than a Foreign Subsidiary) to guarantee all Obligations of the Borrower hereunder and under the Notes by executing and delivering to the Administrative Agent an amendment to Guaranty in substantially the form of Exhibit L, (B) cause such Subsidiary (other than a Foreign Subsidiary) to execute and deliver to the Administrative Agent, an amendment to the Security Agreement, in substantially the form of Exhibit M (whereby such Subsidiary shall xxxxx x Xxxx on those of its assets described in the Security Agreement), (C) promptly pledge to the Administrative Agent or cause to be pledged to the Administrative Agent all of the outstanding capital stock of such Subsidiary (or, if such Subsidiary is a Foreign Subsidiary, 65% of such capital stock) owned by any Loan Party to secure such Loan Party's Obligations under the Loan Documents, (D) with respect to any real property in which such Subsidiary has an interest, cause such Subsidiary to execute and deliver such deeds of trust, trust deeds and mortgages ("ADDITIONAL MORTGAGES") -------------------- in appropriate form for filing in all filing or recording offices that the Administrative Agent may deem necessary or desirable to create a valid first and subsisting Lien on the property described therein in favor of the Administrative Agent for the benefit of the Lender Parties, (E) promptly take, and cause such Subsidiary and each other Loan Party to take all action necessary or (in the opinion of the Administrative Agent or the Required Lenders) desirable to perfect and protect the Liens intended to be created by the Collateral Documents, as amended pursuant to this Section 6.01(l), and (F) promptly deliver to the Administrative Agent such opinions of counsel, if any, as the Administrative Agent or the Required Lenders may reasonably require with respect to the foregoing (including opinions as to enforceability and perfection of security interests).
Additional Loan Parties; Additional Collateral. Within 30 days after a Material Subsidiary is formed or acquired or such person becomes (or is required pursuant to the definition of “Material Subsidiary” to be designated as) a Material Subsidiary (other than an Excluded Subsidiary), as applicable (or such longer period as shall be acceptable to the Agent in its reasonable discretion), or upon the Parent electing for any Subsidiary that would otherwise constitute an Excluded Subsidiary to not constitute an Excluded Subsidiary pursuant to the proviso in the definition of “Excluded Subsidiary”, notify the Agent of such occurrence, and, within 30 days (or such longer period as shall be acceptable to the Agent in its reasonable discretion) following such notification, cause such Subsidiary to (i) become a Loan Party by delivering to the Agent a Loan Party Joinder Agreement and, if applicable, a Pledge Supplement (as defined in the Pledge and Security Agreement), in each case, executed by such new Loan Party, (ii) deliver to the Agent a certificate of such Subsidiary, substantially in the form of the certificates delivered pursuant to Section 3.1(d) through (f) on the Restatement Effective Date, with appropriate insertions and attachments, (iii) if reasonably requested by the Agent, deliver to the Agent legal opinions relating to the matters described above, which opinions shall be in form and substance, and from Gxxxxx, Dxxx & Cxxxxxxx LLP or other counsel, reasonably satisfactory to the Agent, (iv) take all such actions and execute and deliver, or cause to be executed and delivered, all such documents, instruments, agreements, and certificates as are similar to those described in Section 3.1(c), (l) and (m). Any document, agreement, or instrument executed or issued pursuant to this Section 5.7 shall be a Loan Document.
Additional Loan Parties; Additional Collateral. (a) In accordance with the terms of this Section 6.12(a), cause each Wholly Owned Unrestricted Subsidiary to be a Guarantor hereunder and a Grantor under the Security Agreement, other than each Wholly Owned Unrestricted Subsidiary that, when taken together with all other Wholly Owned Unrestricted Subsidiaries that are not Guarantors, is not a Significant Subsidiary. In connection therewith:
Additional Loan Parties; Additional Collateral. Upon (x) the request of the Administrative Agent, (y) the formation or acquisition of any new direct or indirect Subsidiaries by any Loan Party (provided that compliance herewith shall not constitute a waiver of Section 6.02(h)), or (z) the acquisition of any property by any Loan Party, the Borrower shall, in each case at the Borrower’s expense:
Additional Loan Parties; Additional Collateral. (a) Each Loan Party will cause each of its Subsidiaries formed or acquired after the date of this Agreement to become a Loan Party by becoming a party to this agreement pursuant to a joinder agreement in form and substance acceptable to Lender. Upon execution and delivery thereof, each such Person (i) shall automatically become a Guarantor hereunder and thereupon shall have all of the rights, benefits, duties, and obligations in such capacity under the Loan Documents and (ii) to the extent such Subsidiary is a Domestic Subsidiary, will grant Liens to Lender in any property of such Subsidiary which constitutes Collateral and thereupon shall have all of the rights, benefits, duties, and obligations as a Grantor under the Loan Documents.
Additional Loan Parties; Additional Collateral. (a) Each Loan Party shall notify Administrative Agent at the time that any Person becomes a Domestic Subsidiary of such Loan Party, and promptly thereafter (and in any event within thirty (30) days (or such longer period as agreed to by Administrative Agent in its sole discretion)) (i) execute and deliver or cause to be delivered to Administrative Agent all Security Documents, stock certificates, stock powers and other agreements and instruments as may be requested by Administrative Agent to ensure that Administrative Agent has a perfected Lien on all ownership interests (other than Excluded Assets) held by such Loan Party in such Subsidiary, and (ii) cause such new Domestic Subsidiary to (A) become a Guarantor and/or a Borrower by executing and delivering to Administrative Agent a Guaranty (or a joinder to Guaranty) and/or a Joinder Agreement, (B) execute and deliver all Security Documents (or joinders or assumptions thereto) requested by Administrative Agent pledging to Administrative Agent for the benefit of the Secured Parties all of its Property (other than Excluded Assets or such other exceptions as Administrative Agent may permit) and take all actions required by Administrative Agent to grant to Administrative Agent for the benefit of Secured Parties a perfected first priority (subject to Permitted Liens) security interest in such Property, including the filing of UCC financing statements in such jurisdictions as may be requested by Administrative Agent, and (C) deliver to Administrative Agent such other documents and instruments as Administrative Agent may require, including appropriate favorable opinions of counsel to such Person in form, content and scope reasonably satisfactory to Administrative Agent.
