Common use of Future Subsidiaries; Additional Collateral Clause in Contracts

Future Subsidiaries; Additional Collateral. (a) With respect to each Person which becomes a Subsidiary of the Company (directly or indirectly) subsequent to the Effective Date, within thirty (30) days of the date such Person is created, acquired or otherwise becomes a Subsidiary (whichever first occurs), cause such new Subsidiary to execute and deliver to the Agent (x) a Joinder Agreement (attached to the Guaranty as Exhibit A) whereby such Subsidiary becomes obligated as a Guarantor under the Guaranty and (y) a joinder agreement to the Security Agreement;

Appears in 4 contracts

Samples: Security Agreement (Quantum Fuel Systems Technologies Worldwide Inc), Credit Agreement (Quantum Fuel Systems Technologies Worldwide Inc), Credit Agreement (Quantum Fuel Systems Technologies Worldwide Inc)

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Future Subsidiaries; Additional Collateral. (a) With respect to each Person which becomes a Subsidiary of the Company (directly or indirectly) subsequent to the Restatement Effective Date, within thirty (30) days of the date such Person is created, acquired or otherwise becomes a Subsidiary (whichever first occurs), cause such new Subsidiary to execute and deliver to the Agent (x) the Guaranty or a Joinder Agreement (attached to the Guaranty as Exhibit A) whereby such Subsidiary becomes obligated as a Guarantor under the Guaranty and (y) a joinder agreement to the Amended and Restated Security Agreement;

Appears in 1 contract

Samples: Credit Agreement (Olympic Steel Inc)

Future Subsidiaries; Additional Collateral. (a) With respect to each Person which becomes a Domestic Subsidiary of the Company any Borrower (directly or indirectly) subsequent to after the Effective Date, within thirty (30) days of the date such Person is created, acquired or otherwise becomes a Subsidiary (whichever first occurs), cause such new Subsidiary to execute and deliver to the Agent (xi) a Joinder Agreement (attached to the Guaranty as Exhibit A) whereby such Domestic Subsidiary becomes obligated as a Guarantor under the Guaranty and (yii) a joinder agreement to Joinder Agreement whereby such Domestic Subsidiary becomes obligated under the Security Agreement;

Appears in 1 contract

Samples: Revolving Credit Agreement (Plastipak Holdings Inc)

Future Subsidiaries; Additional Collateral. (a) With respect to each Person which becomes a Domestic Subsidiary of the Company (directly or indirectly) subsequent to the Effective Date, within thirty (30) days of the date such Person is created, acquired or otherwise becomes a Subsidiary (whichever first occurs), cause such new Domestic Subsidiary to execute and deliver to the Agent Agent, (x) a Joinder Agreement (attached to the Guaranty as Exhibit A) whereby such Domestic Subsidiary becomes obligated as a Guarantor under the Guaranty and (y) a joinder agreement to Joinder Agreement whereby such Domestic Subsidiary becomes obligated as a Debtor under the Security Agreement;

Appears in 1 contract

Samples: Credit Agreement (Saturn Electronics & Engineering Inc)

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Future Subsidiaries; Additional Collateral. (a) With respect to each Person which becomes a Subsidiary of the Company (directly or indirectly) subsequent to the Effective Date, within thirty (30) days of the date such Person is created, acquired or otherwise becomes a Subsidiary (whichever first occurs), cause such new Subsidiary to execute and deliver to the Agent (x) a Joinder Agreement (attached to the Guaranty as Exhibit A) whereby such Subsidiary becomes obligated as a Guarantor under the Guaranty and (y) a joinder agreement to the Amended and Restated Security Agreement;

Appears in 1 contract

Samples: Credit Agreement (Olympic Steel Inc)

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