Common use of Joinder of Additional Grantors Clause in Contracts

Joinder of Additional Grantors. To the extent required by Section 6.12 of the Credit Agreement, upon any Person becoming a Domestic Subsidiary of any Grantor that is a Wholly Owned Subsidiary of any Loan Party and not an Immaterial Subsidiary, then such Grantor shall, at such Grantor’s expense, cause such Domestic Subsidiary to execute and deliver to the Collateral Agent a Joinder Agreement substantially in the form of Exhibit A hereto and to comply with the requirements of Section 6.12 of the Credit Agreement, within the time periods specified therein, and, upon such execution and delivery, such Subsidiary shall constitute a “Grantor” for all purposes hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of such Joinder Agreement shall not require the consent of any Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor as a party to this Agreement.

Joinder of Additional Grantors. To Upon the extent required by Section 6.12 of the Credit Agreement, upon any Person becoming a Domestic Subsidiary formation or acquisition of any Grantor new direct or indirect Subsidiary (other than any CFC or a Subsidiary that is held directly or indirectly by a Wholly Owned Subsidiary of CFC) by any Loan Party and not an Immaterial SubsidiaryGrantor, then such Grantor shall, at such Grantor’s expense, promptly (and in any event within (y) fifteen (15) days for any Subsidiary other than an Immaterial Subsidiary and (z) with respect to any Immaterial Subsidiary, not later than the next date on which the financial statements referred to in Sections 6.01(a) and 6.01(b) of the Credit Agreement are required to be delivered) cause such Domestic Subsidiary to execute and deliver to the Collateral Agent a Joinder Agreement substantially in the form of Exhibit A hereto and to comply with the requirements of Section 6.12 of the Credit Agreement, within the time periods specified therein, and, upon such execution and delivery, such Subsidiary shall constitute a “Grantor” for all purposes hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of such Joinder Agreement shall not require the consent of any Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor as a party to this Agreement.

Joinder of Additional Grantors. To Upon the extent required by Section 6.12 of the Credit Agreement, upon any Person becoming a Domestic Subsidiary formation or acquisition of any Grantor new direct or indirect Subsidiary (other than any CFC or a Subsidiary that is held directly or indirectly by a Wholly Owned Subsidiary of CFC) by any Loan Party and not an Immaterial SubsidiaryGrantor, then such Grantor shall, at such Grantor’s expense, cause such Domestic Subsidiary to execute and deliver to the Collateral Agent a Joinder Agreement substantially in the form of Exhibit A hereto and to comply with the requirements of Section 6.12 of the Credit Agreement, within the time periods specified therein, and, upon such execution and delivery, such Subsidiary shall constitute a “Grantor” for all purposes hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of such Joinder Agreement shall not require the consent of any Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor as a party to this Agreement.

Joinder of Additional Grantors. To Upon the extent required by Section 6.12 of the Credit Agreement, upon any Person becoming a Domestic Subsidiary formation or acquisition of any Grantor new direct or indirect Subsidiary (other than any CFC or a Subsidiary that is held directly or indirectly by a Wholly Owned Subsidiary of CFC) by any Loan Party and not an Immaterial SubsidiaryGrantor, then such Grantor the Grantors shall, at such Grantor’s the Grantors’ expense, cause such Domestic Subsidiary to execute and deliver to the Collateral Agent a Joinder Agreement substantially in the form of Exhibit A hereto and to comply with the requirements of Section 6.12 of the Credit Agreement, within the time periods specified therein, and, upon such execution and delivery, such Subsidiary shall constitute a “Grantor” for all purposes hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of such Joinder Agreement shall not require the consent of any Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor as a party to this Agreement.