Guarantees and Security. The Borrower shall: (a) promptly notify the Agent: (i) if any new Subsidiary of the Borrower is incorporated or formed; and (ii) whether or not that Subsidiary is (or will be) a Restricted Subsidiary; and (b) if such Subsidiary is a Restricted Subsidiary, within 30 days of a request by the Agent, ensure that it will: (i) become a Guarantor and provide a Restricted Subsidiary Debenture in favour of the Secured Parties to secure all of the obligations of the Obligors under the Secured Documents; and (ii) accede to the Intercreditor Agreement as an Obligor.
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Samples: Facility Agreement (Las Vegas Sands Corp), Second Amendment and Restatement Agreement (Las Vegas Sands Corp), Amendment and Restatement Agreement (Las Vegas Sands Corp)
Guarantees and Security. The Borrower shall:
(a) promptly notify the Agent:
(i) if any new Subsidiary of the Borrower is incorporated or formed; and
(ii) whether or not that Subsidiary is (or will be) a Restricted Subsidiary; and
(b) if such Subsidiary is a Restricted Subsidiary, within 30 days of a request by the Agent, ensure that it will:
(i) will become a Guarantor and provide a Restricted Subsidiary Debenture in favour of the Secured Finance Parties and the Hedging Banks to secure all of the obligations of the Obligors Borrower under the Secured Finance Documents; and
(ii) accede to the Intercreditor Agreement as an Obligor.
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