Common use of GUARANTOR CONDITIONS PRECEDENT Clause in Contracts

GUARANTOR CONDITIONS PRECEDENT. A company, in respect of which the Borrower has delivered a Guarantor Accession Memorandum to the Agent, shall become a Guarantor and assume all the rights, benefits and obligations of a Guarantor as if it has been an original party hereto as a Guarantor on the date on which the Agent notifies the Borrower that it has received, in form and substance satisfactory to it, all the documents and other evidence listed in Schedule 11 (Additional Conditions Precedent).