Common use of Covenant to Guarantee Obligations Clause in Contracts

Covenant to Guarantee Obligations. The Loan Parties will cause each of their Subsidiaries (other than Excluded Subsidiaries) whether newly formed, after acquired or otherwise existing (including, without limitation, upon the formation of any Subsidiary that is a Division Successor) to promptly (and in any event within thirty (30) days after such Subsidiary is formed or acquired (or such longer period of time as agreed to by the Administrative Agent in its reasonable discretion)) become a Guarantor hereunder by way of execution of a Joinder Agreement. In connection therewith, the Loan Parties shall give notice to the Administrative Agent not more than thirty (30) days after creating a Subsidiary or acquiring the Equity Interests of any other Person (or such longer period of time as agreed to by the Administrative Agent in its reasonable discretion). In connection with the foregoing, the Loan Parties shall deliver to the Administrative Agent, with respect to each new Guarantor to the extent applicable, substantially all the same documentation required pursuant to Section 4.01(b) through (c) and such other documents or agreements as the Administrative Agent may reasonably require.

Appears in 2 contracts

Samples: Credit Agreement (Nuvasive Inc), Credit Agreement (Nuvasive Inc)

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Covenant to Guarantee Obligations. The Loan Parties will cause each of their Subsidiaries (other than Excluded Subsidiaries) whether newly formed, after acquired or otherwise existing (including, without limitation, upon the formation of any Subsidiary that is a Division Successor) to promptly (and in any event within thirty (30) days after such Subsidiary is formed or acquired (or such longer period of time as agreed to by the Administrative Agent in its reasonable discretion)) become a Guarantor hereunder by way of execution of a Joinder Agreement. In connection therewith, the Loan Parties shall give notice to the Administrative Agent not more less than thirty ten (3010) days after prior to creating a Subsidiary or acquiring the Equity Interests of any other Person (or such longer shorter period of time as agreed to by the Administrative Agent in its reasonable discretion)) or acquiring the Equity Interests of any other Person. In connection with the foregoing, the Loan Parties shall deliver to the Administrative Agent, with respect to each new Guarantor to the extent applicable, substantially all the same documentation required to be delivered by the Guarantors pursuant to Section 4.01(b) through (c) Sections 4.01 and 6.16 and such other documents or agreements as the Administrative Agent may reasonably requirerequest.

Appears in 2 contracts

Samples: Credit Agreement (PERDOCEO EDUCATION Corp), Credit Agreement (PERDOCEO EDUCATION Corp)

Covenant to Guarantee Obligations. The Loan Parties will cause each of their Subsidiaries (other than Excluded Subsidiaries) whether newly formed, after acquired or otherwise existing (including, without limitation, upon the formation of any Subsidiary that is a Division Successor) to promptly (and in any event within thirty (30) days after such Subsidiary is formed or acquired (or such longer period of time as agreed to by the Administrative Agent in its reasonable discretion)) become a Guarantor hereunder by way of execution of a Joinder Agreement. In connection therewith, the Loan Parties shall give notice to the Administrative Agent not more than thirty (30) days after creating a Subsidiary or acquiring the Equity Interests of any other Person (or such longer period of time as agreed to by the Administrative Agent in its reasonable discretion). In connection with the foregoing, the Loan Parties shall deliver to the Administrative Agent, with respect to each new Guarantor to the extent applicable, substantially all the same documentation required pursuant to Section 4.01(b) through (c) and such other documents or agreements as the Administrative Agent may reasonably require.

Appears in 2 contracts

Samples: Credit Agreement (Nuvasive Inc), Credit Agreement (Nuvasive Inc)

Covenant to Guarantee Obligations. The Loan Parties will cause each of their Subsidiaries (other than Excluded Subsidiaries) whether newly formed, after acquired or otherwise existing (including, without limitation, upon the formation of any Subsidiary that is a Division Successorincluding by division) to promptly (and in any event within thirty (30) days after such Subsidiary is formed or acquired (or such longer period of time as agreed to by the Administrative Agent in its reasonable discretion)) become a Guarantor hereunder by way of execution of a Joinder Agreement; provided that no Excluded Subsidiary shall be required to become a Guarantor. In connection therewith, the Loan Parties shall give notice to the Administrative Agent not more less than thirty ten (3010) days after prior to creating a Subsidiary or acquiring the Equity Interests of any other Person (or such longer shorter period of time as agreed to by the Administrative Agent in its reasonable discretion), or acquiring the Equity Interests of any other Person. In connection with the foregoing, the Loan Parties shall deliver to the Administrative Agent, with respect to each new Guarantor to the extent applicable, substantially all the same documentation required pursuant to Section Sections 4.01(b) through (ce), (j) and 6.13 and such other documents or agreements as the Administrative Agent may reasonably requirerequest.

Appears in 2 contracts

Samples: Credit Agreement (Charah Solutions, Inc.), Credit Agreement (Charah Solutions, Inc.)

Covenant to Guarantee Obligations. The Loan Parties will cause each of their Subsidiaries (other than an Excluded SubsidiariesSubsidiary) whether whether, newly formed, after acquired or otherwise existing (including, without limitation, upon the formation of any Subsidiary that is a Division Successor) to promptly (and in any event within thirty (30) days after such Subsidiary is formed or acquired (or such longer period of time as agreed to by the Administrative Agent in its reasonable discretion)) to become a Guarantor hereunder by way of execution of a Joinder Agreement. In connection therewith, the Loan Parties shall give notice to the Administrative Agent not more less than thirty ten (3010) days after creating a Subsidiary or acquiring the Equity Interests of any other Person (or such longer period of time as agreed to by the Administrative Agent in its reasonable discretion), or acquiring the Equity Interests of any other Person. In connection with the foregoing, the Loan Parties shall deliver to the Administrative Agent, with respect to each new Guarantor to the extent applicable, substantially all the same documentation required pursuant to Section Sections 4.01(b) through - (cd) and such other documents or agreements as the Administrative Agent may reasonably requirerequest.

Appears in 1 contract

Samples: Credit Agreement (Chase Corp)

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Covenant to Guarantee Obligations. (a) The Loan Parties will cause each of their Material Subsidiaries (other than Excluded Subsidiariesa CFC which inclusion as a Guarantor is reasonably expected to cause a material adverse tax consequence to Borrower) whether newly formed, after acquired or otherwise existing (including, without limitation, upon the formation of any Subsidiary that is a Division Successor) to promptly (and in any event within thirty (30) days after such Subsidiary is formed or acquired (or such longer period of time as agreed to by the Administrative Agent in its reasonable discretion)) become a Guarantor hereunder by way of execution of a Joinder Agreement. In connection therewith, the Loan Parties shall give notice to the Administrative Agent not more less than thirty ten (3010) days after prior to creating a Material Subsidiary or acquiring the Equity Interests of any other Person (or such longer shorter period of time as agreed to by the Administrative Agent in its reasonable discretion), or acquiring the Equity Interests of any other Person. In connection with the foregoing, the Loan Parties shall deliver to the Administrative Agent, with respect to each new Guarantor to the extent applicable, substantially all the same documentation required pursuant to Section 4.01(b) through (c) Sections 4.01 and this 6.13 and such other documents or agreements as the Administrative Agent may reasonably requirerequest.

Appears in 1 contract

Samples: Credit Agreement (Calavo Growers Inc)

Covenant to Guarantee Obligations. The Loan Parties will cause each of their Subsidiaries (other than Excluded Subsidiaries) whether newly formed, after acquired or otherwise existing (including, without limitation, upon the formation of any Subsidiary that is a Division Successor) to promptly (and in any event within thirty (30) days after such Subsidiary is formed or acquired (or such longer period of time as agreed to by the Administrative Agent in its reasonable discretion)) become a Guarantor hereunder by way of execution of a Joinder Agreement. In connection therewithNotwithstanding anything else herein, if at any time following the Closing Date any Subsidiary of any Loan Parties Party listed as “non-operational” in Schedule 5.20(a) becomes operational, such Subsidiary shall give notice to the Administrative Agent not more than become a Guarantor hereunder by way of execution of a Joinder Agreement within thirty (30) days after creating a Subsidiary or acquiring the Equity Interests of any other Person (or such longer period of time as agreed to by the Administrative Agent in its reasonable discretion)assuming operations. In connection with the foregoing, the Loan Parties shall deliver to the Administrative Agent, with respect to each new Guarantor to the extent applicable, substantially all the same documentation required pursuant to Section Sections 4.01(b) through ), (c) d)– (f), and 6.14 and such other documents or agreements as the Administrative Agent may reasonably requirerequest, including without limitation, updated Schedules to this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Bowman Consulting Group Ltd.)

Covenant to Guarantee Obligations. The Loan Parties will cause each of their Material Domestic Subsidiaries (other than Excluded Subsidiaries) whether newly formed, after acquired or otherwise existing (including, without limitation, upon the formation of any Subsidiary that is a Division Successor) to promptly (and in any event within thirty (30) days after such Material Domestic Subsidiary is formed or acquired (or such longer period of time as agreed to by the Administrative Agent in its reasonable discretion)) become a Guarantor hereunder by way of execution of a Joinder Agreement. In connection therewith, the Loan Parties shall give notice to the Administrative Agent not more less than thirty ten (3010) days after prior to creating a Subsidiary or acquiring the Equity Interests of any other Person (or such longer shorter period of time as agreed to by the Administrative Agent in its reasonable discretion), or acquiring the Equity Interests of any other Person. In connection with the foregoing, the Loan Parties shall deliver to the Administrative Agent, with respect to each new Guarantor to the extent applicable, substantially all the same documentation required to be delivered by the Guarantors pursuant to Section 4.01(b) through (c) Sections 4.01 and 6.16 and such other documents or agreements as the Administrative Agent may reasonably requirerequest.

Appears in 1 contract

Samples: Credit Agreement (Career Education Corp)

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