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 (other than the Borrower), the Initial Guarantor 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 E, and (ii) deliver certificates and other documentation substantially similar to those required to be delivered on the Closing Date with respect to Xxxxxxxx 66 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 2 contracts

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

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First Tier Subsidiaries; Additional Guarantors. (a) In the event any wholly-owned Material Subsidiary is or becomes a First Tier Subsidiary (other than the Borrower)Subsidiary, the Initial Guarantor 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 EF, and (ii) deliver certificates and other documentation substantially similar to those required to be delivered on the Closing Date with respect to Xxxxxxxx 66 Partners Holdings 42 HOU:3943078.7 LLC as the Initial Guarantor pursuant to Section Sections 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)

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First Tier Subsidiaries; Additional Guarantors. (a) In the event any wholly-owned Material Subsidiary is or becomes a First Tier Subsidiary (other than the Borrower), the Initial Guarantor 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 ED, and (ii) deliver certificates and other documentation substantially similar to those required to be delivered on the Closing Date with respect to Xxxxxxxx 66 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)

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