Common use of Guarantors and Security Clause in Contracts

Guarantors and Security. (a) Subject to Clause 2.5(d)(iv)(B), the Parent shall ensure that (taking into account paragraph (e) below), any member of the Group which is not a Guarantor which is or becomes a Material Group Company (other than Novoktan GmbH and subject to paragraph (j) below, Innospec Deutschland GmbH) shall, as soon as reasonably practicable but in any event within three Months after becoming a Material Group Company, become an Additional Guarantor in accordance with Clause 25.4 (Additional Guarantors).

Appears in 1 contract

Samples: Facility Agreement (Innospec Inc.)

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Guarantors and Security. (a) Subject to Clause 2.5(d)(iv)(B), the The Parent shall ensure that (taking into account paragraph (e) below), ) any member of the Group which is not a Guarantor which is or becomes a Material Group Company (other than Novoktan GmbH and subject to paragraph (jm) below, Innospec Deutschland GmbH) shall, as soon as reasonably practicable but in any event within three Months after becoming a Material Group Company, become an Additional Guarantor in accordance with Clause 25.4 (Additional Guarantors).

Appears in 1 contract

Samples: Facility Agreement (Innospec Inc.)

Guarantors and Security. (a) Subject to Clause 2.5(d)(iv)(B), the The Parent shall ensure that (taking into account paragraph (e) below), ) any member of the Group which is not a Guarantor which is or becomes a Material Group Company (other than Novoktan GmbH and subject to paragraph (j) below, Innospec Deutschland GmbH) shall, as soon as reasonably practicable but in any event within three Months after becoming a Material Group Company, become an Additional Guarantor in accordance with Clause 25.4 26.4 (Additional Guarantors).

Appears in 1 contract

Samples: Facility Agreement (Octel Corp)

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Guarantors and Security. (a) Subject to Clause 2.5(d)(iv)(B), the The Parent shall ensure that (taking into account paragraph (e) below), any member of the Group which is not a Guarantor which is or becomes a Material Group Company (other than Novoktan GmbH and subject to paragraph (j) below, Innospec Deutschland GmbH) shall, as soon as reasonably practicable but in any event within three Months after becoming a Material Group Company, become an Additional Guarantor in accordance with Clause 25.4 (Additional Guarantors).

Appears in 1 contract

Samples: Revolving Facility Agreement (Innospec Inc.)

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