Common use of Designation of Additional Borrowers Clause in Contracts

Designation of Additional Borrowers. The Borrower Representative may designate, by written notification thereof to the Administrative Agent, any Restricted Subsidiary formed or acquired after the date of this Agreement or any existing Loan Guarantor as a Borrower hereunder and such Subsidiary shall become a Borrower hereunder upon:

Designation of Additional Borrowers. The Borrower Representative may designate, by written notification thereof to the Administrative Agent, any Restricted Subsidiary formed or acquired after the date of this Agreement or any existing Loan Guarantor (other than any Subsidiary organized under the laws of England and Wales unless and until the UK Borrowing Base Activation Period shall have commenced in accordance with the definition thereof) as a Borrower hereunder and such Subsidiary shall become a Borrower hereunder upon: