Guarantees by Subsidiaries. (a) The Borrower shall cause each Subsidiary that becomes or is a Collateral Subsidiary Guarantor or an obligor with respect to any of the Secured Obligations (except a Foreign Subsidiary that becomes an obligor solely in respect of Debt or other obligations of itself or another Foreign Subsidiary), in each case, to become a Subsidiary Guarantor by becoming a party to this Agreement, the Second Priority Subsidiary Guarantee Agreement and the Collateral Trust and Intercreditor Agreement, if such Subsidiary is not already a Subsidiary Guarantor party thereto, and delivering evidence thereof to the Administrative Agent at the time such Person becomes a Collateral Subsidiary Guarantor or such an obligor.
Appears in 2 contracts
Samples: Credit Agreement (Rite Aid Corp), Credit Agreement (Rite Aid Corp)
Guarantees by Subsidiaries. (a) The Borrower Company shall cause each Subsidiary that becomes or is a Collateral Subsidiary Guarantor or an obligor with respect to any of the Secured Obligations (except a Foreign Subsidiary that becomes an obligor solely in respect of Debt or other obligations of itself or another Foreign Subsidiary), in each case, to become a Subsidiary Guarantor by becoming a party to this AgreementIndenture, the Second Priority Subsidiary Guarantee Agreement and the Collateral Trust and Intercreditor Agreement, if such Subsidiary is not already a Subsidiary Guarantor party thereto, and delivering evidence thereof to the Administrative Agent Trustee at the time such Person becomes a Collateral Subsidiary Guarantor or such an obligor.
Appears in 2 contracts
Samples: Tia Indenture (Rite Aid Corp), Security Agreement (Rite Aid Corp)
Guarantees by Subsidiaries. (ai) The Borrower Company shall cause each Subsidiary that becomes or is a Collateral Subsidiary Guarantor or an obligor with respect to any of the Secured Obligations (except a Foreign Subsidiary that becomes an obligor solely in respect of Debt or other obligations of itself or another Foreign Subsidiary), in each case, to become a Subsidiary Guarantor by becoming a party to this AgreementIndenture, the Second Priority Subsidiary Guarantee Agreement and the Collateral Trust and Intercreditor Agreement, if such Subsidiary is not already a Subsidiary Guarantor party thereto, and delivering evidence thereof to the Administrative Agent Trustee at the time such Person becomes a Collateral Subsidiary Guarantor or such an obligor.
Appears in 1 contract
Samples: Rite Aid Corp
Guarantees by Subsidiaries. (a) The Borrower Company shall cause each Subsidiary that becomes or is a Collateral Subsidiary Guarantor or an obligor with respect to any of the Secured Obligations (except a Foreign Subsidiary that becomes an obligor solely in respect of Debt or other obligations of itself or another Foreign Subsidiary), in each case, to become a Subsidiary Guarantor by becoming a party to this Agreement, the Second Priority Senior Subsidiary Guarantee Agreement and the Collateral Trust and Senior Lien Intercreditor Agreement, if such Subsidiary is not already a Subsidiary Guarantor party thereto, and delivering evidence thereof to the Administrative Agent Trustee at the time such Person becomes a Collateral Subsidiary Guarantor or such an obligor.
Appears in 1 contract
Samples: Indenture (Rite Aid Corp)