Common use of Execution of Subsidiary Guaranty and Personal Property Collateral Documents Clause in Contracts

Execution of Subsidiary Guaranty and Personal Property Collateral Documents. In the event that any Person becomes a Subsidiary of Borrower after the date hereof, Borrower will promptly notify Administrative Agent of that fact and cause such Subsidiary to execute and deliver to Administrative Agent a counterpart of the Subsidiary Guaranty if such Subsidiary is a domestic Subsidiary, the Subsidiary Pledge Agreement and the Subsidiary Security Agreement and to take all such further actions and execute all such further documents and instruments (including actions, documents and instruments comparable to those described in subsection 4.1I) as may be necessary or, in the opinion of Administrative Agent, desirable to create in favor of Administrative Agent, for the benefit of Lenders, a valid and perfected First Priority Lien on all of the personal assets of such Subsidiary described in the applicable forms of Collateral Documents.

Execution of Subsidiary Guaranty and Personal Property Collateral Documents. In the event that If any Person organized under the laws of the United States or any State thereof or the District of Columbia becomes a Subsidiary of Borrower after the date hereof, Borrower will promptly notify Administrative Agent of that fact and cause such Subsidiary to execute and deliver to Administrative Agent a counterpart of the Subsidiary Guaranty if such Subsidiary is a domestic Subsidiary, the Subsidiary Pledge Agreement and the Subsidiary Security Agreement and to take all such further actions and execute all such further documents and instruments (including actions, documents and instruments comparable to those described in subsection 4.1I4.1I and 4.1J) as may be necessary or, in the opinion of Administrative Agent, desirable to create in favor of Administrative Agent, for the benefit of Lenders, a valid and perfected First Priority Lien on all of the personal and mixed property assets of such Subsidiary described in the applicable forms of the Collateral Documents.

Execution of Subsidiary Guaranty and Personal Property Collateral Documents. In the event that If any Person organized under the laws of the United States or any State thereof or the District of Columbia becomes a direct or indirect domestic Subsidiary of Borrower after the date hereof, Borrower will promptly notify Administrative Agent of that fact and cause such domestic Subsidiary to execute and deliver to Administrative Agent a counterpart of the Subsidiary Guaranty if such Subsidiary is a domestic Subsidiary, the Subsidiary Pledge Agreement and the Subsidiary Security Agreement and to take all such further actions and execute all such further documents and instruments (including actions, documents and instruments comparable to those described in subsection 4.1I4.1L) as may be necessary or, in the opinion of Administrative Agent, desirable to create in favor of Administrative Agent, for the benefit of Lenders, a valid and perfected First Priority Lien on all of the personal and mixed property assets of such domestic Subsidiary described in the applicable forms of Collateral Documents.