Common use of Formation of Subsidiaries Clause in Contracts

Formation of Subsidiaries. Promptly upon the formation or acquisition of any Subsidiary, the Borrower shall provide the Administrative Agent and the Lenders notice thereof and timely comply with the requirements of Section 4 hereof (at which time Schedule 6.2 shall be deemed amended to include reference to such Subsidiary).

Appears in 10 contracts

Samples: Credit Agreement (CTS Corp), Credit Agreement (Smart Balance, Inc.), Credit Agreement (CTS Corp)

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Formation of Subsidiaries. (a) Promptly upon the formation or acquisition of any Subsidiary, the Borrower shall provide the Administrative Agent and the Lenders notice thereof and timely comply with the requirements of Section 4 hereof (at which time Schedule 6.2 shall be deemed amended to include reference to such Subsidiary).

Appears in 6 contracts

Samples: Credit Agreement (Penford Corp), Term Loan Credit Agreement (Penford Corp), Credit Agreement (Penford Corp)

Formation of Subsidiaries. Promptly upon the formation or acquisition of any Subsidiary, the Borrower shall provide the Administrative Agent and the Lenders Banks written notice thereof and timely shall do such acts and things as are required of it to comply with the requirements of Section 4 hereof (at which time hereof, and then and thereafter Schedule 6.2 of this Agreement shall be deemed amended from and after such date to include reference to any such Subsidiary).

Appears in 5 contracts

Samples: Credit Agreement (Vision Twenty One Inc), Credit Agreement (Vision Twenty One Inc), Credit Agreement (Apac Teleservices Inc)

Formation of Subsidiaries. Promptly upon the formation or acquisition of any Subsidiary, the Borrower Representative shall provide the Administrative Agent and the Lenders notice thereof and timely comply comply, to the extent applicable, with the requirements of Section 4 hereof (at which time Schedule 6.2 shall be deemed amended to include reference to such Subsidiary).

Appears in 3 contracts

Samples: Credit Agreement (Boulder Brands, Inc.), Credit Agreement (Boulder Brands, Inc.), Credit Agreement (Smart Balance, Inc.)

Formation of Subsidiaries. Promptly upon the formation or acquisition of any Subsidiary, the Borrower The Loan Parties shall provide the Administrative Agent and the Lenders notice of the formation or acquisition of any Subsidiary promptly upon the formation or acquisition thereof and timely comply with the requirements of Section 4 hereof (at which time Schedule 6.2 shall be deemed amended to include reference to such Subsidiary)) within the time periods required thereby.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Sparton Corp), Credit and Guaranty Agreement (Sparton Corp)

Formation of Subsidiaries. Promptly upon the formation or acquisition of any Subsidiary, the Borrower shall provide the Administrative Agent and the Lenders Bank notice thereof and timely immediately comply with the requirements of Section 4 hereof (at which time Schedule 6.2 shall be deemed amended to include reference to such Subsidiary).

Appears in 2 contracts

Samples: Credit Agreement (Accretive Health, Inc.), Credit Agreement (Accretive Health, Inc.)

Formation of Subsidiaries. Promptly upon the formation or acquisition of any Wholly-owned Subsidiary, the Borrower shall provide the Administrative Agent and the Lenders notice thereof and timely comply with the requirements of Section 4 hereof (at which time Schedule 6.2 shall be deemed amended to include reference to such Subsidiary).

Appears in 2 contracts

Samples: Credit Agreement (Kimball Hill, Inc.), Credit Agreement (National Credit & Guaranty CORP)

Formation of Subsidiaries. Promptly upon the formation or acquisition of any Subsidiary, the affected Borrower shall provide the Administrative Agent and the Lenders notice thereof and timely comply with the requirements of Section 4 hereof (at which time Schedule 6.2 shall be deemed amended to include reference to such Subsidiary).

Appears in 1 contract

Samples: Security Agreement (Synalloy Corp)

Formation of Subsidiaries. Promptly upon the formation or acquisition of any Subsidiary, the Borrower shall provide the Administrative Agent and the Lenders notice thereof and timely comply with the requirements of Section 4 hereof 6.12 (at which time Schedule 6.2 5.2 shall be deemed amended to include reference to such Subsidiary).

Appears in 1 contract

Samples: Credit Agreement (Techne Corp /Mn/)

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Formation of Subsidiaries. Promptly upon the formation or acquisition of any Domestic Non-Regulated Subsidiary which is a Material Subsidiary, the Borrower shall provide the Administrative Agent and the Lenders notice thereof and timely comply with the requirements of Section 4 hereof (at which time Schedule 6.2 shall be deemed amended to include reference to such Subsidiary).

Appears in 1 contract

Samples: Credit Agreement (BGC Partners, Inc.)

Formation of Subsidiaries. Promptly upon the formation or acquisition of any Subsidiary, the Borrower shall provide the Administrative Agent and the Lenders notice thereof and timely comply with the requirements of Section 4 hereof (at which time Schedule 6.2 shall be deemed amended to include reference to such Subsidiary). Except for Foreign Subsidiaries existing on the Closing Date and identified on Schedule 6.2 hereof, the Borrower shall not, nor shall it permit any Subsidiary to, form or acquire any Foreign Subsidiary.

Appears in 1 contract

Samples: Credit Agreement (Nobel Learning Communities Inc)

Formation of Subsidiaries. Promptly upon the formation or Agent and the Banks written notice thereof and shall do such acquisition of any Subsidiary, the Borrower shall provide the Administrative Agent acts and the Lenders notice thereof and timely things as are required of it to comply with the requirements of Section 4 hereof (at which time hereof, and then and thereafter Schedule 6.2 of this Agreement shall be deemed amended from and after such date to include reference to any such Subsidiary).

Appears in 1 contract

Samples: Credit Agreement (Sycamore Park Convalescent Hospital)

Formation of Subsidiaries. Promptly upon the formation or acquisition of any Material Subsidiary, the Borrower shall provide the Administrative Agent and the Lenders notice thereof and timely comply with the requirements of Section 4 hereof (at which time Schedule 6.2 shall be deemed amended to include reference to such Subsidiary).

Appears in 1 contract

Samples: Credit Agreement (Amcol International Corp)

Formation of Subsidiaries. Promptly upon the formation or acquisition of any Subsidiary, the Borrower shall provide the Administrative Agent and the Lenders notice thereof and timely comply with the requirements of Section 4 hereof (at which time Schedule 6.2 shall be deemed amended to include reference to such Subsidiary)) and with respect to any Domestic Subsidiary shall timely comply with the requirements of Section 4.3 hereof if required by such Section.

Appears in 1 contract

Samples: Credit Agreement (CalAmp Corp.)

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