Common use of Guaranties of Borrower’s Subsidiaries Clause in Contracts

Guaranties of Borrower’s Subsidiaries. (a) Borrower shall immediately notify Administrative Agent in writing of the existence, creation, or acquisition of any Subsidiary of Borrower and shall furnish Administrative Agent with all relevant information with respect to each such Subsidiary. Each Subsidiary of Borrower now existing or created, acquired or coming into existence after the Closing Date shall, promptly upon request by Administrative Agent, execute and deliver to Administrative Agent an absolute and unconditional guaranty of the timely repayment of the Obligations and the due and punctual performance of the obligations of Borrower hereunder, which guaranty shall be reasonably satisfactory to Administrative Agent in form and substance. Borrower will cause each of its Subsidiaries to deliver to Administrative Agent, simultaneously with its delivery of such a guaranty, written evidence reasonably satisfactory to Administrative Agent and its counsel that such Subsidiary has taken all company action necessary to duly approve and authorize its execution, delivery and performance of such guaranty and any other documents which it is required to execute and such Subsidiary will comply with Section 6.14.

Guaranties of Borrower’s Subsidiaries. (a) Borrower shall immediately notify Administrative Agent in writing of the existence, creation, or acquisition of any Each Domestic Subsidiary of Borrower and shall furnish Administrative Agent with all relevant information with respect to each such Subsidiary. Each that is a Material Subsidiary of Borrower now existing or created, acquired or coming into existence after the Closing Date date hereof shall, promptly upon request by Administrative Agent, execute and deliver to Administrative Agent an absolute and unconditional guaranty of the timely repayment of the Obligations and the due and punctual performance of the obligations of Borrower hereunder, which guaranty shall be reasonably satisfactory to Administrative Agent in form and substance. Each such Domestic Subsidiary of Borrower that is a Material Subsidiary existing on the date hereof shall duly execute and deliver such a guaranty prior to the making of any Loan hereunder. Borrower will cause each of its Subsidiaries such Domestic Subsidiary to deliver to Administrative Agent, simultaneously with its delivery of such a guaranty, written evidence reasonably satisfactory to Administrative Agent and its counsel that such Domestic Subsidiary has taken all company action necessary to duly approve and authorize its execution, delivery and performance of such guaranty and any other documents which it is required to execute and such Subsidiary will comply with Section 6.14execute.

Guaranties of Borrower’s Subsidiaries. (a) Borrower shall immediately notify Administrative Agent in writing of the existence, creation, or acquisition of any Subsidiary of Borrower and shall furnish Administrative Agent with all relevant information with respect to cause each such Subsidiary. Each Subsidiary of Borrower now existing or and each Domestic Subsidiary created, acquired or coming into existence after the Closing Date shalldate hereof, promptly upon request by Administrative Agentwithin twenty (20) days after such creation, acquisition or coming into existence, to execute and deliver to Administrative Agent an absolute and unconditional guaranty of the timely repayment of the Secured Obligations and the due and punctual performance of the obligations of Borrower hereunder, which guaranty shall be reasonably satisfactory to Administrative Agent in form and substance; provided, however, that notwithstanding anything in this Agreement or any Security Document to the contrary, no Guarantor shall guarantee (or xxxxx x Xxxx to support, as applicable) any Excluded Swap Obligations of such Guarantor for purposes of determining any obligations of such Guarantor. Each Subsidiary of Borrower existing on the date hereof shall duly execute and deliver such a guaranty prior to the making of any Loan hereunder. Borrower will cause each of its Subsidiaries to deliver to Administrative Agent, simultaneously with its delivery of such a guaranty, written evidence reasonably satisfactory to Administrative Agent and its counsel that such Subsidiary has taken all company action necessary to duly approve and authorize its execution, delivery and performance of such guaranty and any other documents which it is required to execute and such Subsidiary will comply with Section 6.14execute.

Guaranties of Borrower’s Subsidiaries. (a) Borrower shall immediately notify Administrative Agent in writing of the existence, creation, or acquisition of any Each Domestic Subsidiary of Borrower and shall furnish Administrative Agent with all relevant information with respect to each such Subsidiary. Each that is a Material Subsidiary of Borrower now existing or created, acquired or coming into existence after the Closing Date date hereof shall, promptly upon request by Administrative Agent, execute and deliver to Administrative Agent an absolute and unconditional guaranty of the timely repayment of the Obligations and the due and punctual performance of the obligations of Borrower hereunder, which guaranty shall be reasonably satisfactory to Administrative Agent in form and substance. Each such Domestic Subsidiary of Borrower that is a Material Subsidiary existing on the date hereof shall duly execute and deliver such a guaranty prior to the making of any Loan hereunder. Borrower will cause each of its Subsidiaries such Domestic Subsidiary to deliver to Administrative Agent, simultaneously with its delivery of such a guaranty, written evidence reasonably satisfactory to Administrative Agent and its counsel that such Domestic Subsidiary has taken all company action necessary to duly approve and authorize its execution, delivery and performance of such guaranty and any other documents which it is required to execute and such Subsidiary will comply with Section 6.14execute.

Guaranties of Borrower’s Subsidiaries. (a) Borrower shall immediately notify Administrative Agent in writing of the existence, creation, or acquisition of any Subsidiary of Borrower and shall furnish Administrative Agent with all relevant information with respect to each such Subsidiary. Each Subsidiary of Borrower now existing or and each Subsidiary, other than an Immaterial Subsidiary, hereafter created, acquired or coming into existence after the Closing Date date hereof shall, promptly upon request by Administrative Agent, execute and deliver to Administrative Agent an absolute and unconditional guaranty of the timely repayment of the Obligations and the due and punctual performance of the obligations of Borrower hereunder, which guaranty shall be reasonably satisfactory to Administrative Agent in form and substance. Each Subsidiary of Borrower existing on the date hereof shall duly execute and deliver such a guaranty prior to the making of any Loan hereunder. Borrower will cause each of its Subsidiaries now existing Subsidiaries, other than an Immaterial Subsidiary, hereafter formed or acquired to deliver to Administrative Agent, simultaneously with its delivery of such a guaranty, written evidence reasonably satisfactory to Administrative Agent and its counsel that such Subsidiary has taken all company corporate or partnership action necessary to duly approve and authorize its execution, delivery and performance of such guaranty and any other documents which it is required to execute and such Subsidiary will comply with Section 6.14execute.

Guaranties of Borrower’s Subsidiaries. (a) Borrower shall immediately notify Administrative Agent in writing of the existence, creation, or acquisition of any Subsidiary of Borrower and shall furnish Administrative Agent with all relevant information with respect to each such Subsidiary. Each Subsidiary of Borrower now existing or created, acquired or coming into existence after the Closing Date date hereof shall, promptly upon request by and in any event within 30 days after it has become a Subsidiary of Borrower (or such later period as Administrative AgentAgent may agree), execute and deliver to Administrative Agent an absolute and unconditional guaranty of the timely repayment of the Obligations (other than Excluded Swap Obligations) and the due and punctual performance of the obligations of Borrower hereunder, which guaranty shall be reasonably satisfactory to Administrative Agent in form and substance. Each Subsidiary of Borrower existing on the date hereof shall duly execute and deliver such a guaranty prior to the making of any Loan hereunder. Borrower will cause each of its Subsidiaries to deliver to Administrative Agent, simultaneously with its delivery of such a guaranty, written evidence reasonably satisfactory to Administrative Agent and its counsel that such Subsidiary has taken all company action necessary to duly approve and authorize its execution, delivery and performance of such guaranty and any other documents which that it is required to execute and such Subsidiary will comply with Section 6.14execute.

Guaranties of Borrower’s Subsidiaries. (a) Borrower shall immediately notify Administrative Agent in writing of the existence, creation, or acquisition of any Subsidiary of Borrower and shall furnish Administrative Agent with all relevant information with respect to each such Subsidiary. Each Subsidiary (other than an Immaterial Subsidiary) of Borrower now existing or created, acquired or coming into existence after the Closing Date date hereof shall, promptly upon request by Administrative Agent, and in any event within thirty (30) days following the creation or acquisition of such Subsidiary, execute and deliver to Administrative Agent an absolute and unconditional guaranty of the timely repayment of the Secured Obligations and the due and punctual performance of the obligations of Borrower hereunder, which guaranty shall be reasonably satisfactory to Administrative Agent in form and substance. Each Subsidiary (other than an Immaterial Subsidiary) of Borrower existing on the date hereof shall duly execute and deliver such a guaranty prior to the making of any Loan hereunder. Borrower will cause each of its Subsidiaries (other than an Immaterial Subsidiary) to deliver to Administrative Agent, simultaneously with its delivery of such a guaranty, written evidence reasonably satisfactory to Administrative Agent and its counsel that such Subsidiary has taken all company action necessary to duly approve and authorize its execution, delivery and performance of such guaranty and any other documents which it is required to execute and such Subsidiary will comply with Section 6.14execute.

Guaranties of Borrower’s Subsidiaries. (a) Borrower shall immediately notify Administrative Agent in writing of the existence, creation, or acquisition of any Subsidiary of Borrower and shall furnish Administrative Agent with Mid-Con Energy Properties, LLC Compiled Credit Agreement all relevant information with respect to each such Subsidiary. Each Subsidiary of Borrower now existing or created, acquired or coming into existence after the Closing Date shall, promptly upon request by Administrative Agent, execute and deliver to Administrative Agent an absolute and unconditional guaranty of the timely repayment of the Obligations and the due and punctual performance of the obligations of Borrower hereunder, which guaranty shall be reasonably satisfactory to Administrative Agent in form and substance. Borrower will cause each of its Subsidiaries to deliver to Administrative Agent, simultaneously with its delivery of such a guaranty, written evidence reasonably satisfactory to Administrative Agent and its counsel that such Subsidiary has taken all company action necessary to duly approve and authorize its execution, delivery and performance of such guaranty and any other documents which it is required to execute and such Subsidiary will comply with Section 6.14.