Common use of Additional Obligors; Collateral Clause in Contracts

Additional Obligors; Collateral. (a) With reasonable promptness (and in any event within 30 days) following the formation or acquisition by any Obligor of a Subsidiary or of any Capital Stock of any other Person, the Borrower (i) shall provide the Agent, the Loan Administrator and the Board the name, corporate structure and allocation of Voting Stock and equity interests of such Subsidiary or other Person, (ii) in the case of any such Subsidiary that is not a CFC, shall cause such Subsidiary to execute and deliver to the Agent and the Board a Subsidiary Joinder in the form of Exhibit M hereto, pursuant to which such Subsidiary shall become a party to this Agreement, and a joinder to the First Lien Guaranty pursuant to which such Subsidiary shall become a guarantor thereunder, and (iii) shall deliver to the Agent and the Board documents of the types referred to in clauses (a)(viii) and (a)(ix) of Article III, all in form, content and scope reasonably satisfactory to the Agent and the Board.

Appears in 2 contracts

Samples: Loan Agreement (Us Airways Group Inc), Loan Agreement (Us Airways Group Inc)

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Additional Obligors; Collateral. (a) With reasonable promptness (and in any event within 30 days) following the formation or acquisition by any Obligor of a Subsidiary or of any Capital Stock of any other Person, the Borrower (i) shall provide the Agent, the Loan Administrator Administrator, the Counter-Guarantors, and the Board the name, corporate structure and allocation of Voting Stock and equity interests of such Subsidiary or other Person, (ii) in the case of any such Subsidiary that is not a CFC, shall cause such Subsidiary to execute and deliver to the Agent and the Board a Subsidiary Joinder in the form of Exhibit M hereto, pursuant to which such Subsidiary shall become a party to this Agreement, and a joinder to the First Second Lien Guaranty pursuant to which such Subsidiary shall become a guarantor thereunder, and (iii) shall deliver to the Agent and the Board documents of the types referred to in clauses (a)(viiia)(x) and (a)(ixa)(xi) of Article III, all in form, content and scope reasonably satisfactory to the Agent and the Board.

Appears in 2 contracts

Samples: Loan Agreement (Us Airways Group Inc), Loan Agreement (Us Airways Group Inc)

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Additional Obligors; Collateral. (a) With reasonable promptness (and in any event within 30 days) following the formation or acquisition by any Obligor of a Subsidiary Subsidiary, or acquisition of any Capital Stock of any other PersonPerson having a fair market value in excess of $25,000, the Borrower (i) shall provide the Agent, the Loan Administrator and the Board Administrative Agent the name, corporate structure and allocation of Voting Stock and equity interests of such Subsidiary or other Person, (ii) in the case of any such Subsidiary that is not a CFC, shall cause such Subsidiary to execute and deliver to the Administrative Agent and the Board a Subsidiary Joinder in the form of Exhibit M J hereto, pursuant to which such Subsidiary shall become a party to this Agreement, and a joinder to the First Lien Guaranty pursuant to which such Subsidiary shall become a guarantor thereunder, and (iii) shall deliver to the Administrative Agent and the Board documents of the types referred to in clauses (a)(viiia)(vi) and (a)(ixa)(vii) of Article III, all in form, content and scope reasonably satisfactory to the Agent and the BoardAdministrative Agent.

Appears in 2 contracts

Samples: Loan Agreement (Us Airways Group Inc), Agreement (Us Airways Inc)

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