Additional Obligors and Pledgors. Each Subsidiary of the Borrower that is formed or acquired after the date hereof shall become an Obligor for all purposes of this Agreement upon execution and delivery by such Subsidiary of an Assumption Agreement and shall thereafter have the same rights, benefits and obligations as an Obligor party hereto on the date hereof. Each Guarantor that is required to pledge equity interests of its Subsidiaries shall execute and deliver a Supplement, if such equity interests were not previously pledged.
Appears in 4 contracts
Samples: Subordinated Guaranty and Pledge Agreement (Teton Energy Corp), Subordinated Guaranty and Pledge Agreement (Teton Energy Corp), Subordinated Guaranty and Pledge Agreement (Teton Energy Corp)
