Common use of Documents with Respect to Non-Guarantor Subsidiary and Collateral Clause in Contracts

Documents with Respect to Non-Guarantor Subsidiary and Collateral. (i) If a Property owned by a Subsidiary that is not a Guarantor is to become an Unencumbered Property, the Borrower shall deliver to the Administrative Agent an Accession Agreement executed by such Subsidiary together with the other items required by Section 8.13.(a). If the improvements on such a Property or the furniture, fixtures and equipment utilized in the operation of such Property are owned or leased by a Subsidiary (the “Accommodation Subsidiary”) other than the Subsidiary that owns or leases such Property, then the Borrower shall also deliver to the Administrative Agent an Accession Agreement executed by such Accommodation Subsidiary. ​ (ii) If, after the Security Trigger Date but prior to the Security Release Date, any Property which is to become an Unencumbered Property is owned directly or indirectly by a Subsidiary whose Equity Interests are required to be subject to the Pledge Agreement, the Borrower shall deliver to the Administrative Agent a supplement to the Pledge Agreement together with the other items required by Section 8.14. ​ Until such time as the Administrative Agent shall have received the items referred to in the immediately preceding clauses (i) and (ii) with respect to such Subsidiary, any applicable Accommodation Subsidiary and the Collateral, the applicable Property shall not be considered to be an Unencumbered Property. ​

Documents with Respect to Non-Guarantor Subsidiary and Collateral. (i1) If a Property owned by a Subsidiary that is not a Guarantor is to become an Unencumbered Property, the Borrower shall deliver to the Administrative Agent an Accession Agreement executed by such Subsidiary together with the other items required by Section 8.13.(a). If the improvements on such a Property or the furniture, fixtures and equipment utilized in the operation of such Property are owned or leased by a Subsidiary (the “Accommodation Subsidiary”) ​ ​ other than the Subsidiary that owns or leases such Property, then the Borrower shall also deliver to the Administrative Agent an Accession Agreement executed by such Accommodation Subsidiary. ​. (ii2) If, after the Security Trigger Date but prior to the Security Release Date, any Property which is to become an Unencumbered Property is owned directly or indirectly by a Subsidiary whose Equity Interests are required to be subject to the Pledge Agreement, the Borrower shall deliver to the Administrative Agent a supplement to the Pledge Agreement together with the other items required by Section 8.14. ​ Until such time as the Administrative Agent shall have received the items referred to in the immediately preceding clauses two sentencesclauses (i) and (ii) with respect to such SubsidiarySubsidiary and, any applicable Accommodation Subsidiary and the Collateral, the applicable Property shall not be considered to be an Unencumbered Property. ​

Documents with Respect to Non-Guarantor Subsidiary and Collateral. (i) If a Property owned by a Subsidiary that is not a Guarantor is to become an Unencumbered Property, the Borrower shall deliver to the Administrative Agent an Accession Agreement executed by such Subsidiary together with the other items required by Section 8.13.(a). If the improvements on such a Property or the furniture, fixtures and equipment utilized in the operation of such Property are owned or leased by a Subsidiary (the “Accommodation Subsidiary”) other than the Subsidiary that owns or leases such Property, then the Borrower shall also deliver to the Administrative Agent an Accession Agreement executed by such Accommodation Subsidiary. ​. (ii) If, after the Security Trigger Date but prior to the Security Release Date, any Property which is to become an Unencumbered Property is owned directly or indirectly by a Subsidiary whose Equity Interests are required to be subject to the Pledge Agreement, the Borrower shall deliver to the Administrative Agent a supplement to the Pledge Agreement together with the other items required by Section 8.14. ​ Until such time as the Administrative Agent shall have received the items referred to in the immediately preceding clauses (i) and (ii) with respect to such Subsidiary, any applicable Accommodation Subsidiary and the Collateral, the applicable Property shall not be considered to be an Unencumbered Property. ​.