Common use of After-Acquired Subsidiaries Clause in Contracts

After-Acquired Subsidiaries. Concurrently upon the formation or Acquisition by Borrower or any Guarantor of any Wholly-Owned Subsidiary after the date hereof (pursuant to a Permitted Acquisition or otherwise) (an "After-Acquired Subsidiary"), Borrower shall cause the After-Acquired Subsidiary to deliver articles of incorporation, bylaws, and resolutions (or other corresponding constituent documents) and such opinions as the Administrative Agent shall require and to execute a Guaranty, Guarantor Security Agreement, and Pledge Agreement (if applicable), as shall be required by the Administrative Agent to create first priority Liens in favor of the Administrative Agent, for the benefit of the Lenders, in such After-Acquired Subsidiary's assets, to secure the Obligations.

After-Acquired Subsidiaries. Concurrently upon the formation or Acquisition by Borrower or any Guarantor of any Wholly-Owned Subsidiary after the date hereof (pursuant to a Permitted Acquisition or otherwise) (an "After-Acquired Subsidiary"), Borrower shall cause the After-After- Acquired Subsidiary to deliver articles of incorporation, bylaws, and resolutions (or other corresponding constituent documents) and such opinions as the Administrative Agent shall require and to execute a Guaranty, Guarantor Security Agreement, and Pledge Agreement (if applicable), as shall be required by the Administrative Agent to create first priority Liens in favor of the Administrative Agent, for the benefit of the Lenders, in such After-Acquired Subsidiary's assets, to secure the Obligations.

After-Acquired Subsidiaries. Concurrently upon the formation or Acquisition by Borrower or any Guarantor Subsidiary of any Wholly-Owned Subsidiary after the date hereof (pursuant to a Permitted Acquisition or otherwise) (an "After-Acquired Subsidiary"), Borrower shall cause the After-Acquired Subsidiary to deliver articles of incorporation, bylaws, and resolutions (or other corresponding constituent documents) and such opinions as the Administrative Agent shall require and to execute a Guaranty, Guarantor Security Agreement, and Pledge Agreement (if applicable), as shall be required by the Administrative Agent to create first priority Liens in favor of the Administrative Agent, for the benefit of the LendersBanks, in such After-Acquired Subsidiary's assets, to secure the Obligations.

After-Acquired Subsidiaries. Concurrently upon the formation or Acquisition by Borrower or any Guarantor Subsidiary of any Wholly-Owned Subsidiary after the date hereof (pursuant to a Permitted Acquisition or otherwise) (an "AfterAFTER-Acquired SubsidiaryACQUIRED SUBSIDIARY"), Borrower shall cause the After-After- Acquired Subsidiary to deliver articles of incorporation, bylaws, and resolutions (or other corresponding constituent documents) and such opinions as the Administrative Agent shall require and to execute a Guaranty, Guarantor Security Agreement, and Pledge Agreement (if applicable), as shall be required by the Administrative Agent to create first priority Liens in favor of the Administrative Agent, for the benefit of the Lenders, in such After-Acquired Subsidiary's assets, to secure the Obligations.