Common use of First Tier Subsidiaries; Additional Guarantors Clause in Contracts

First Tier Subsidiaries; Additional Guarantors. (a) In the event any wholly-owned Material Subsidiary is or becomes a First Tier Subsidiary, the Borrower will, within 30 days thereof, (i) cause such Material Subsidiary to become a party to this Agreement and guarantee the Obligations by executing and delivering to the Administrative Agent a Guarantee Joinder substantially in the form of Exhibit F, and (ii) deliver certificates and other documentation substantially similar to those required to be delivered on the Closing Date with respect to Xxxxxxxx 66 Company as the Initial Guarantor pursuant to Section 4.1(c) and Section 4.1(d), in form and substance reasonably satisfactory to the Administrative Agent.

Appears in 3 contracts

Samples: Credit Agreement (Phillips 66), Credit Agreement (Phillips 66), Credit Agreement (Phillips 66)

AutoNDA by SimpleDocs

First Tier Subsidiaries; Additional Guarantors. (a) In the event any wholly-owned Material Subsidiary is or becomes a First Tier Subsidiary, the Borrower will, within 30 days thereof, (i) cause such Material Subsidiary to become a party to this Agreement and guarantee the Obligations by executing and delivering to the Administrative Agent a Guarantee Joinder substantially in the form of Exhibit FE, and (ii) deliver certificates and other documentation substantially similar to those required to be delivered on the Closing Availability Date with respect to Xxxxxxxx 66 Company as the Initial Guarantor pursuant to Section 4.1(c4.02(b) and Section 4.1(d4.02(c), in form and substance reasonably satisfactory to the Administrative Agent.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement (Valero Energy Partners Lp)

First Tier Subsidiaries; Additional Guarantors. (a) In the event any wholly-owned Material Subsidiary is or becomes a First Tier Subsidiary, the Borrower will, within 30 days thereof, (i) cause such Material Subsidiary to become a party to this Agreement and guarantee the Obligations by executing and delivering to the Administrative Agent a Guarantee Joinder substantially in the form of Exhibit F, and (ii) deliver certificates and other documentation substantially similar to those required to be delivered on the Closing Availability Date with respect to Xxxxxxxx 66 Company Partners Holdings LLC as the Initial Guarantor pursuant to Section 4.1(c4.2(b) and Section 4.1(d4.2(c), in form and substance reasonably satisfactory to the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Phillips 66 Partners Lp)

First Tier Subsidiaries; Additional Guarantors. (a) In the event any wholly-owned Material Subsidiary is or becomes a First Tier Subsidiary, the Borrower will, within 30 days thereof, (i) cause such Material Subsidiary to become a party to this Agreement and guarantee the Obligations by executing and delivering to the Administrative Agent a Guarantee Joinder substantially in the form of Exhibit F, and (ii) deliver certificates and other documentation substantially similar to those required to be delivered on the Closing Date with respect to Xxxxxxxx 66 Company Partners Holdings LLC as the Initial Guarantor pursuant to Section 4.1(c) and Section 4.1(d), in form and substance reasonably satisfactory to the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Phillips 66 Partners Lp)

First Tier Subsidiaries; Additional Guarantors. (a) In the event any wholly-owned Material Subsidiary is or becomes a First Tier Subsidiary, the Borrower will, within 30 days thereof, (i) cause such Material Subsidiary to become a party to this Agreement and guarantee the Obligations by executing and delivering to the Administrative Agent a Guarantee Joinder substantially in the form of Exhibit F, and (ii) deliver certificates and other documentation substantially similar to those required to be delivered on the Closing Date with respect to Xxxxxxxx 66 Company Phillips 00 Xxxxners Holdings LLC as the Initial Guarantor pursuant to Section 4.1(c) and Section 4.1(d), in form and substance reasonably satisfactory to the Administrative Agent.

Appears in 1 contract

Samples: Assignment and Assumption (Phillips 66 Partners Lp)

AutoNDA by SimpleDocs

First Tier Subsidiaries; Additional Guarantors. (a) In the event any wholly-owned Material Subsidiary is or becomes a First Tier Subsidiary, the Borrower will, within 30 days thereof, (i) cause such Material Subsidiary to become a party to this Agreement and guarantee the Obligations by executing and delivering to the Administrative Agent a Guarantee Joinder substantially in the form of Exhibit F, and (ii) deliver certificates and other documentation substantially similar to those required to be delivered on the Closing Date with respect to Xxxxxxxx 66 Company as the Initial Guarantor pursuant to Section 4.1(c4.2(b) and Section 4.1(d4.2(c), in form and substance reasonably satisfactory to the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Phillips 66)

First Tier Subsidiaries; Additional Guarantors. (a) In the event any wholly-owned Material Subsidiary is or becomes a First Tier Subsidiary, the Borrower will, within 30 days thereof, (i) cause such Material Subsidiary to become a party to this Agreement and guarantee the Obligations by executing and delivering to the Administrative Agent a Guarantee Joinder substantially in the form of Exhibit F, and (ii) deliver certificates and other documentation substantially similar to those required to be delivered on the Closing Availability Date with respect to Xxxxxxxx 66 Company Partners Holdings LLC as the Initial Guarantor pursuant to Section 4.1(c4.2 (b) and Section 4.1(d4.2(c), in form and substance reasonably satisfactory to the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement

First Tier Subsidiaries; Additional Guarantors. (a) In the event any wholly-owned Material Subsidiary is or becomes a First Tier Subsidiary, the Borrower will, within 30 days thereof, (i) cause such Material Subsidiary to become a party to this Agreement and guarantee the Obligations by executing and delivering to the Administrative Agent a Guarantee Joinder substantially in the form of Exhibit FD, and (ii) deliver certificates and other documentation substantially similar to those required to be delivered on the Closing Date with respect to Xxxxxxxx 66 Company as the Initial Guarantor pursuant to Section 4.1(c4.2(b) and Section 4.1(d4.2(c), in form and substance reasonably satisfactory to the Administrative Agent.

Appears in 1 contract

Samples: Term Loan Agreement (Phillips 66)

Time is Money Join Law Insider Premium to draft better contracts faster.