Common use of Joinder of Additional Pledgors Clause in Contracts

Joinder of Additional Pledgors. The Pledgors shall cause each Subsidiary of the Company which, from time to time, after the date hereof shall be required to pledge any assets to the Administrative Agent for the benefit of the Secured Parties pursuant to the provisions of the Credit Agreement, to execute and deliver to the Administrative Agent (i) a Joinder Agreement substantially in the form of Exhibit 3 hereto and (ii) a Perfection Certificate, in each case, within forty-five (45) days of the date on which it was acquired or created and, in each case, upon such execution and delivery, such Subsidiary shall constitute a “Pledgor” for all purposes hereunder with the same force and effect as if originally named as 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 Pledgor as a party to this Agreement.

Joinder of Additional Pledgors. The Pledgors shall Company may cause each Subsidiary any member of the Company whichBank Group to become party hereto as a Pledgor by, from time to time, after the date hereof shall be required to pledge any assets (a) executing and delivering to the Administrative Agent for the benefit of the Secured Parties pursuant to the provisions of the Credit Agreement, to execute and deliver to the Administrative Collateral Agent (i) a Joinder Agreement substantially in the form of Exhibit 3 hereto and (ii) supplemental schedules to this Agreement or (b) in the case of a Perfection CertificateForeign Subsidiary pledging any Pledged Collateral to the Collateral Agent, in each case, within forty-five (45) days of to execute and deliver to the date on which it was acquired or created Collateral Agent such documentation as the Collateral Agent shall reasonably request and, in each casecase with respect to clauses (a) and (b) above, upon such execution and delivery, such Subsidiary shall constitute a “Pledgor” for all purposes hereunder with the same force and effect as if originally named as 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 Pledgor as a party to this Agreement.