Common use of Joinder of Additional Guarantors Clause in Contracts

Joinder of Additional Guarantors. The Pledgors shall cause each Subsidiary which, from time to time after the date hereof, shall be required to become a Pledgor and pledge any assets to the Administrative Agent for the benefit of the Secured Parties pursuant to Section 5.10 of the Credit Agreement, to execute and deliver to the Administrative Agent a Joinder Agreement substantially in the form of Exhibit 2 hereto in accordance with the terms of Section 5.10 of the Credit Agreement and, upon such execution and delivery, such Subsidiary shall constitute a “Guarantor” and a “Pledgor” for all purposes hereunder with the same force and effect as if originally named as a Guarantor and a Pledgor herein. The rights and obligations of each Pledgor hereunder shall remain in full force and effect notwithstanding the addition of any new Guarantor and Pledgor as a party to this Agreement.

Appears in 5 contracts

Samples: Security Agreement (Uber Technologies, Inc), Security Agreement (Uber Technologies, Inc), Security Agreement (Uber Technologies, Inc)

AutoNDA by SimpleDocs

Joinder of Additional Guarantors. The Pledgors shall cause each Subsidiary of the Borrower which, from time to time time, after the date hereof, hereof shall be required to become a Pledgor and pledge any assets to the Administrative Agent for the benefit of the Secured Parties pursuant to Section 5.10 the provisions of the Credit Agreement, to execute and deliver to the Administrative Agent a Joinder Agreement substantially in the form of Exhibit 2 hereto in accordance with the terms of Section 5.10 3 hereto, within thirty (30) days of the Credit Agreement date on which it was acquired or created and, upon such execution and delivery, such Subsidiary shall constitute a “Guarantor” and a “Pledgor” for all purposes hereunder with the same force and effect as if originally named as a Guarantor and a Pledgor herein. The execution and delivery of such Joinder Agreement shall not require the consent of any Pledgor hereunder. The rights and obligations of each Pledgor hereunder shall remain in full force and effect notwithstanding the addition of any new Guarantor and Pledgor as a party to this Agreement.

Appears in 4 contracts

Samples: Credit Agreement (American Renal Associates Holdings, Inc.), Security Agreement (American Renal Associates LLC), Security Agreement (American Renal Associates LLC)

Joinder of Additional Guarantors. The Pledgors shall cause each Subsidiary whichof Issuer that, from time to time time, after the date hereof, hereof shall be required to become a Pledgor and pledge any assets to the Administrative Agent Guarantor for the benefit of the Secured Parties pursuant to Section 5.10 3.16 of the Credit AgreementIndenture, to execute and deliver to the Administrative Collateral Agent a Joinder Agreement substantially in within 60 days after the form of Exhibit 2 hereto in accordance with the terms of Section 5.10 of the Credit Agreement date on which it was acquired or created and, upon such execution and delivery, such Subsidiary shall constitute a “Guarantor” and a “Pledgor” for all purposes under the Indenture and hereunder with the same force and effect as if originally named as a Guarantor and a Pledgor therein and herein. The execution and delivery of such Joinder Agreement shall not require the consent of any Pledgor hereunder. The rights and obligations of each Pledgor hereunder shall remain in full force and effect notwithstanding the addition of any new Guarantor and Pledgor as a party to this AgreementAgreement or any other Notes Document.

Appears in 2 contracts

Samples: Security Agreement (Biora Therapeutics, Inc.), Form of Security Agreement (Biora Therapeutics, Inc.)

AutoNDA by SimpleDocs

Joinder of Additional Guarantors. The Pledgors shall cause each Subsidiary whichof Holdings which is not organized under the laws of the United States or any State or other political subdivision thereof, from time to time time, after the date hereof, shall be required to become a Pledgor and pledge any assets to the Administrative Agent for the benefit of the Secured Parties pursuant to Section 5.10 of the Credit Agreement, to execute and deliver to the Administrative Collateral Agent a Joinder Agreement substantially in the form of Exhibit 2 A hereto in accordance with the terms of Section 5.10 within five (5) Business Days of the Credit Agreement day on which it was acquired or created and, upon such execution and delivery, such Subsidiary shall constitute a “Guarantor” and a “Pledgor” for all purposes hereunder with the same force and effect as if originally named as a Guarantor and a Pledgor herein. The execution and delivery of such Joinder Agreement shall not require the consent of any Pledgor hereunder. The rights and obligations of each Pledgor hereunder shall remain in full force and effect notwithstanding the addition of any new Guarantor and Pledgor as a party to this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Magnachip Semiconductor LLC)

Time is Money Join Law Insider Premium to draft better contracts faster.