Common use of Allocation of Subsidiary Facilities Clause in Contracts

Allocation of Subsidiary Facilities. The current allocation of the Subsidiary Facilities to the respective Subsidiaries as well as to the respective Lending Offices shall be reflected in Annex 1 as attached to the Corporate Guarantee at any point of time. In case of a change of the current allocation of the Subsidiary Facilities, Annex 1 of the Corporate Guarantee shall be amended accordingly; in case of such amendment, the provisions contained in this Credit Facility Agreement shall remain unaffected.

Appears in 3 contracts

Samples: Credit Facility Agreement (Ipg Photonics Corp), Agreement (Ipg Photonics Corp), Second Amendment (Ipg Photonics Corp)

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Allocation of Subsidiary Facilities. The current allocation of the Subsidiary Affiliated Facilities to the respective Subsidiaries Affiliated Companies as well as to the respective Lending Offices shall be reflected in Annex Enclosure 1 as attached to the Corporate Guarantee at any point of time. In case of a change of the current allocation of the Subsidiary Affiliated Facilities, Annex Enclosure 1 of the Corporate Guarantee shall be amended accordingly; in case of such amendment, the provisions contained arrangements entered into in this Credit Facility Agreement shall remain unaffected.

Appears in 2 contracts

Samples: Facility Agreement (Ipg Photonics Corp), Ipg Photonics Corp

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