Common use of ADMISSION OF NEW OBLIGOR Clause in Contracts

ADMISSION OF NEW OBLIGOR. 2.1 The New Obligor agrees to become: (a) a [Borrower/Guarantor] under the Credit Agreement and agrees to be bound by the terms of the Credit Agreement as a [Borrower]/Guarantor]; and (b) an Obligor under the Intercreditor Deed and agrees to be bound by the terms of the Intercreditor Deed as an Obligor. 2.2 The New Obligor confirms the appointment of the Parent as its agent on the terms of clause o of the Credit Agreement and clause o of the Intercreditor Deed and as its process agent for the purposes of clause o of the Credit Agreement. 2.3 The New Obligor confirms that its address details for notices in relation to clause 25 (Notices) are as follows: -163- Address: o Facsimile: o Attention of: o 2.4 The parties to this deed other than the New Obligor confirm their acceptance of the New Obligor as a [Borrower/Guarantor] for the purpose of the Credit Agreement and as an Obligor for the purpose of the Intercreditor Deed.

Appears in 1 contract

Samples: Senior Credit Agreement (Delta I Acquisition Inc)

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ADMISSION OF NEW OBLIGOR. 2.1 The New Obligor agrees to becomeTHE NEW OBLIGOR AGREES TO BECOME: (a) a [Borrower/Borrower/ Guarantor] under the Credit Facilities Agreement and agrees to be bound by the terms of the Credit Agreement as a [Borrower]/GuarantorBorrower/ Guarantor]; and (b) an Obligor under the Intercreditor Deed Agreement and agrees to be bound by the terms of the Intercreditor Deed Agreement as an Obligor. 2.2 The New Obligor confirms the appointment of the Parent as its agent on the terms of clause o 2.3 (Parent as Obligors' agent) of the Credit Agreement and clause o of the Intercreditor Deed and as its process agent for the purposes of clause o of the Credit Facilities Agreement. 2.3 The New Obligor confirms that its address details for notices in relation to clause 25 24 (Notices) are as follows: -163- Address: o [__________] Facsimile: o [__________] Attention of: o[__________] 2.4 The parties to this deed agreement other than the New Obligor confirm their acceptance of the New Obligor as a [Borrower/Borrower/ Guarantor] for the purpose of the Credit Facilities Agreement and as an Obligor for the purpose of the Intercreditor DeedAgreement.

Appears in 1 contract

Samples: Senior Facilities Agreement (Ugi Corp /Pa/)

ADMISSION OF NEW OBLIGOR. 2.1 The New Obligor agrees to become: (a) a [Borrower/Guarantor] under the Credit Agreement and agrees to be bound by the terms of the Credit Agreement as a [Borrower]/Guarantor]; and (b) an Obligor under the Intercreditor Deed and agrees to be bound by the terms of the Intercreditor Deed as an Obligor. 2.2 The New Obligor confirms the appointment of the Parent Bidco 2 as its agent on the terms of clause o of the Credit Agreement and clause o of the Intercreditor Deed and as of [to be specified]as its process agent for the purposes of clause o 31.4 of the Credit Agreement. 2.3 The New Obligor confirms that its address details for notices in relation to clause 25 (Notices) are as follows: -163- Address: o Facsimile: o Attention of: o 2.4 The parties to this deed other than the New Obligor confirm their acceptance of the New Obligor as a [Borrower/Guarantor] for the purpose of the Credit Agreement and as an Obligor for the purpose of the Intercreditor Deed.

Appears in 1 contract

Samples: Credit Agreement (Fimep Sa)

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ADMISSION OF NEW OBLIGOR. 2.1 The New Obligor agrees to become: (a) a [Borrower/Guarantor] under the Credit Agreement and agrees to be bound by the terms of the Credit Agreement as a [Borrower]/Guarantor]; and (b) an Obligor under the Intercreditor Deed and agrees to be bound by the terms of the Intercreditor Deed as an Obligor. 2.2 The New Obligor confirms the appointment of the Parent as its agent on the terms of clause o of the Credit Agreement and clause o of the Intercreditor Deed and as its process agent for the purposes of clause o of the Credit Agreement. 2.3 The New Obligor confirms that its address details for notices in relation to clause 25 (Notices) are as follows: -163- Address: o Facsimile: o Attention of: o 2.4 The parties to this deed other than the New Obligor confirm their acceptance of the New Obligor as a [Borrower/Guarantor] for the purpose of the Credit Agreement and as an Obligor for the purpose of the Intercreditor Deed.

Appears in 1 contract

Samples: Senior Credit Agreement (Ocallaghan Barry)

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