Common use of Execution of Guarantee Agreement for Future Subsidiary Guarantors Clause in Contracts

Execution of Guarantee Agreement for Future Subsidiary Guarantors. The Company shall cause each Subsidiary which is required to become a Subsidiary Guarantor pursuant to Section 4.7 to within the time period specified therein execute and deliver to the Trustees a Guarantee Agreement pursuant to which such Subsidiary shall become a Subsidiary Guarantor under this Article 10 and shall guarantee the Guaranteed Obligations. Concurrently with the execution and delivery of such Guarantee Agreement, the Company will deliver to the Trustees an Officers’ Certificate and an Opinion of Counsel stating that all conditions provided for in this Indenture relating to such transaction have been complied with except in the case of a merger, consolidation or amalgamation of a Subsidiary Guarantor into or with the Company.

Execution of Guarantee Agreement for Future Subsidiary Guarantors. The Company Issuer shall cause each Subsidiary which is required to become a Subsidiary Guarantor pursuant to Section 4.7 to within the time period specified therein execute and deliver to the Trustees a Guarantee Agreement pursuant to which such Subsidiary shall become a Subsidiary Guarantor under this Article 10 and shall guarantee the Guaranteed Obligations. Concurrently with the execution and delivery of such Guarantee Agreement, the Company Issuer will deliver to the Trustees an Officers’ Certificate and an Opinion of Counsel stating that all conditions provided for in this Indenture relating to such transaction have been complied with except in the case of a merger, consolidation or amalgamation of a Subsidiary Guarantor into or with the CompanyCompany or the Issuer.