Additional Restricted Subsidiaries. Pursuant to Section 6.11 of the Credit Agreement, certain Restricted Subsidiaries of the Loan Parties that were not in existence or not Restricted Subsidiaries on the date of the Credit Agreement are required to enter in this Agreement as Grantors upon becoming Restricted Subsidiaries. In addition, certain Restricted Subsidiaries of the Loan Parties that are not required under the Credit Agreement to enter in this Agreement as Grantors may elect to do so at their option. Upon execution and delivery by the Collateral Agent and a Restricted Subsidiary of a Security Agreement Supplement, such Restricted Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any such instrument shall not require the consent of any other Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor as a party to this Agreement.
Appears in 6 contracts
Samples: Security Agreement (Casa Systems Inc), Security Agreement (Casa Systems Inc), Credit Agreement (Casa Systems Inc)
Additional Restricted Subsidiaries. Pursuant to Section 6.11 of the Credit Agreement, certain Restricted Subsidiaries of the Loan Parties Borrower that were not in existence or existence, were not Restricted Subsidiaries or were Excluded Subsidiaries on the date of the Credit Agreement are required to enter in this Agreement as Grantors upon becoming Restricted Subsidiaries. In addition, certain Restricted Subsidiaries of the Loan Parties that are not required under the Credit Agreement or upon ceasing to enter in this Agreement as Grantors may elect to do so at their option. Upon be Excluded Subsidiaries by execution and delivery by the Collateral Agent and a Restricted Subsidiary of a Security Agreement SupplementSupplement in the form of Exhibit I hereto by the Administrative Agent and such Restricted Subsidiary. Upon such execution and delivery, such Restricted Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any such instrument shall not require the consent of any other Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor as a party to this Agreement.
Appears in 5 contracts
Samples: Credit Agreement, Pledge and Security Agreement, Amendment and Restatement Agreement (Sabre Corp)
Additional Restricted Subsidiaries. Pursuant to Section 6.11 of the Credit Agreement, certain Restricted Subsidiaries of the Loan Parties Parent Borrower that were not in existence or existence, were not Restricted Subsidiaries or were Excluded Subsidiaries on the date of the Credit Agreement are required to enter in this Agreement as Grantors upon becoming Restricted Subsidiaries. In addition, certain Restricted Subsidiaries of the Loan Parties that are not required under the Credit Agreement or upon ceasing to enter in this Agreement as Grantors may elect to do so at their option. Upon be Excluded Subsidiaries by execution and delivery by the Collateral Agent and a Restricted Subsidiary of a Security Agreement SupplementSupplement in the form of Exhibit I hereto by the Administrative Agent and such Restricted Subsidiary. Upon such execution and delivery, such Restricted Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any such instrument shall not require the consent of any other Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor as a party to this Agreement.
Appears in 3 contracts
Samples: Pledge and Security Agreement (Ebi, LLC), Pledge and Security Agreement (LVB Acquisition, Inc.), Pledge and Security Agreement (Biolectron, Inc.)
Additional Restricted Subsidiaries. Pursuant to Section 6.11 of the Credit Agreement and/or the equivalent provision of any Permitted Debt Offering Agreement, certain Restricted Subsidiaries of the Loan Parties that were not in existence or not Restricted Subsidiaries on the date of the Credit Agreement and/or the applicable Permitted Debt Offering Agreement are required to enter in into this Agreement as Grantors upon becoming Restricted Subsidiaries. In addition, certain Restricted Subsidiaries of the Loan Parties that are not required under the Credit Agreement to enter in this Agreement as Grantors may elect to do so at their option. Upon execution and delivery by the Collateral Agent and a Restricted Subsidiary of a Security Agreement Supplement, such Restricted Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any such instrument shall not require the consent of any other Grantor Loan Party hereunder. The rights and obligations of each Grantor Loan Party hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor Loan Party as a party to this Agreement.
Appears in 2 contracts
Samples: Security Agreement (Nielsen Holdings B.V.), Security Agreement (Nielsen CO B.V.)
Additional Restricted Subsidiaries. Pursuant to Section 6.11 of the Credit Agreement, certain Restricted Subsidiaries of the Loan Parties that were not in existence or not Restricted Subsidiaries on the date of the Credit Agreement are required to enter in this Agreement as Grantors upon becoming Restricted Subsidiaries. In addition, certain Restricted Subsidiaries of the Loan Parties that are not required under the Credit Agreement to enter in this Agreement as Grantors may elect to do so at their option. Upon execution and delivery by the Collateral Agent and a Restricted Subsidiary of a Security Agreement Supplement, such Restricted Subsidiary shall become a Grantor Subsidiary Party hereunder with the same force and effect as if originally named as a Grantor Subsidiary Party herein. The execution and delivery of any such instrument shall not require the consent of any other Grantor Loan Party hereunder. The rights and obligations of each Grantor Loan Party hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor Loan Party as a party to this Agreement.
Appears in 1 contract
Additional Restricted Subsidiaries. Pursuant Any Restricted Subsidiary (as defined in the Credit Agreement) that is required to Section 6.11 of become a party hereto pursuant to the Credit Agreement, certain Restricted Subsidiaries of the Loan Parties that were not in existence any Other Credit Agreement, any Reimbursement Agreement or not Restricted Subsidiaries on the date of the Credit Agreement are required to any other Financing Document shall enter in into this Agreement as Grantors a Subsidiary Guarantor and a Grantor upon becoming such a Restricted Subsidiaries. In addition, certain Restricted Subsidiaries of the Loan Parties that are not required under the Credit Agreement to enter in this Agreement as Grantors may elect to do so at their optionSubsidiary. Upon execution and delivery by the Collateral Agent Trustee and a such Restricted Subsidiary of a Security Agreement Supplementsupplement in the form of Exhibit A hereto, such Restricted Subsidiary shall become a Subsidiary Guarantor and a Grantor hereunder with the same force and effect as if originally named as a Subsidiary Guarantor and a Grantor herein. The execution and delivery of any such instrument shall not require the consent of any other Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor as a party to this Agreement.
Appears in 1 contract
Samples: Guarantee and Collateral Agreement (PPL Energy Supply LLC)
Additional Restricted Subsidiaries. Pursuant to Section 6.11 of the Credit Agreement, certain Restricted Subsidiaries of the Loan Parties that were not in existence or not Restricted Subsidiaries on the date of the Credit Agreement are required to enter in this Agreement as Grantors Subsidiary Parties upon becoming a Restricted SubsidiariesSubsidiary. In addition, certain Restricted Subsidiaries of the Loan Parties that are not required under the Credit Agreement to enter in this Agreement as Grantors Subsidiary Parties may elect to do so at their option. Upon execution and delivery by the Collateral Administrative Agent and a Restricted Subsidiary of a Security Guarantee Agreement Supplement, such Restricted Subsidiary shall become a Grantor Subsidiary Party hereunder with the same force and effect as if originally named as a Grantor Subsidiary Party herein. The execution and delivery of any such instrument shall not require the consent of any other Grantor Loan Party hereunder. The rights and obligations of each Grantor Loan Party hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor Loan Party as a party to this Agreement.
Appears in 1 contract