Joinder of Subsidiaries as Guarantors. Promptly notify the Administrative Agent of the formation, acquisition (or other receipt of interests) or existence of any Domestic Subsidiary that is not a Guarantor (other than a non-Wholly Owned Subsidiary invested in pursuant to Section 8.02(k) (unless such Subsidiary shall guarantee or provide Support Obligations in respect of any material Indebtedness (other than the Obligations) of the Borrower or another Subsidiary), or an Immaterial Subsidiary), which notice shall include information as to the jurisdiction of organization, the number and class of Capital Stock outstanding and ownership thereof (including options, warrants, rights of conversion or purchase relating thereto), and with respect to any such Subsidiary, within thirty (30) days (or up to ten (10) days later if the Administrative Agent, in its sole discretion, shall agree thereto in writing) of the formation, acquisition or other receipt of interests thereof, cause the joinder of such Subsidiary as a Guarantor pursuant to Joinder Agreements (or such other documentation in form and substance reasonably acceptable to the Administrative Agent) accompanied by Organization Documents, take all actions necessary to create and perfect a security interest in its assets to the extent required by the Security Agreement or Pledge Agreement and, if reasonably requested by the Administrative Agent, deliver favorable opinions of counsel to such Subsidiary, in form and substance reasonably satisfactory to the Administrative Agent. For the avoidance of doubt, if an Immaterial Subsidiary shall become a Material Subsidiary, such Subsidiary shall thereupon comply with the foregoing.
Joinder of Subsidiaries as Guarantors. (a) With respect to the formation, acquisition (or other receipt of interests) or existence of any Subsidiary that is not required to become a Guarantor, notify the Administrative Agent of such formation, acquisition (or other receipt of interests) or existence of any such Subsidiary, together with its delivery of a Compliance Certificate pursuant to Section 7.02(b), which notice shall include information as to the jurisdiction of organization, the number and class of Capital Stock outstanding and ownership thereof (including options, warrants, rights of conversion or purchase relating thereto), and with respect to any such Subsidiary.
Joinder of Subsidiaries as Guarantors. (a) With respect to the formation or acquisition (or other receipt of interests) (including, without limitation, upon the formation of any Subsidiary resulting from a division of a limited liability company) of any Subsidiary that is not an Excluded Subsidiary (and with respect to any Subsidiary that ceases to be an Excluded Subsidiary), within sixty (60) days (or such longer period as the Administrative Agent may agree in its sole discretion) of the formation, acquisition, cessation, division or other receipt of interests of any such Subsidiary, (i) cause the joinder of such Subsidiary as a Guarantor of the Obligations pursuant to Joinder Agreements or such other documentation in form and substance reasonably acceptable to the Administrative Agent (and to provide to the Administrative Agent the Organization Documents of such Subsidiary to the extent requested by the Administrative Agent), (ii) take all actions necessary to create and perfect a security interest in favor of the Collateral Agent for the benefit of the applicable Secured Parties in its assets (subject to the limitations set forth in the applicable Collateral Documents), including (x) delivery to the Collateral Agent of all stock certificates evidencing the Capital Stock pledged pursuant to the Collateral Documents (to the extent certificated) owned by such Subsidiary, together with undated stock transfer powers executed in blank, (y) delivery to the Collateral Agent of all promissory notes owing to such Subsidiary and pledged pursuant to the Collateral Documents, together with undated allonges executed in blank, and (z) filing of the U.S. Pledge and Security Agreement (or a short-form version thereof) in the United States Patent and Trademark Office and/or the United States Copyright Office, as applicable, and UCC financing statements in such jurisdictions as may be necessary to so perfect such security interest (and, if applicable at any time prior to a U.S. Domestication, the filing of the Canadian Pledge and Security Agreement (or a notice thereof) in the Canadian Intellectual Property Office and PPSA financing statements in such jurisdictions as may be necessary to so perfect such security interest) and (iii) if reasonably requested by the Administrative Agent, deliver opinions of counsel to such Subsidiary, in form and substance reasonably satisfactory to the Administrative Agent.
Joinder of Subsidiaries as Guarantors. At the Borrower’s expense, subject to the limitations and exceptions of this Credit Agreement, including the provisions of the Collateral and Guarantee Requirement and any applicable limitation in any Collateral Document, take all action necessary or reasonably requested by the Administrative Agent to ensure that the Collateral and Guarantee Requirement continues to be satisfied, including:
Joinder of Subsidiaries as Guarantors. Promptly notify the Administrative Agent of the formation, acquisition (or other receipt of interests) or existence of any Domestic Subsidiary that is not a Guarantor (other than, a non-Wholly Owned Subsidiary invested in pursuant to Section 8.02(k) (unless such Subsidiary shall guarantee or provide Support Obligations in respect of any material Indebtedness (other than the Obligations) of the Borrower or another Subsidiary), or an Immaterial Subsidiary), which notice shall include information as to the jurisdiction of organization, the number and class of Capital Stock outstanding and ownership thereof (including options, warrants, rights of conversion or purchase relating thereto), and with respect to any such Subsidiary, within thirty (30) days, but in no event prior to the Spin-Off Date (or up to ten (10) days later if the Administrative Agent, in its sole discretion, shall agree thereto in writing) of the formation, acquisition or other receipt of interests thereof, cause the joinder of such Subsidiary as a Guarantor pursuant to Joinder Agreements (or such other documentation in form and substance reasonably acceptable to the Administrative Agent) accompanied by Organization Documents, take all actions necessary to create and perfect a security interest in its assets to the extent required by the Security Agreement or Pledge Agreement and, if reasonably requested by the Administrative Agent, deliver favorable opinions of counsel to such Subsidiary, in form and substance reasonably satisfactory to the Administrative Agent. For the avoidance of doubt, if an Immaterial Subsidiary shall become a Material Subsidiary, such Subsidiary shall thereupon comply with the foregoing.
Joinder of Subsidiaries as Guarantors. ARTICLE 8 Negative Covenants Section 8.01. Liens.
Joinder of Subsidiaries as Guarantors. Promptly notify the Administrative Agent if any of the Borrower’s Subsidiaries, including any Subsidiary that the Borrower or any of its Subsidiaries may organize, acquire or otherwise invest in after the date hereof, that is not a Guarantor guarantees or becomes otherwise obligated under any of the Existing Senior Notes or any Additional Notes, and as soon as practicable (and in no event more than ten (10) days) thereafter cause the joinder of such Subsidiary as a Guarantor pursuant to a Joinder Agreement (or such other documentation in form and substance reasonably acceptable to the Administrative Agent) accompanied by Organization Documents and, if reasonably requested by the Administrative Agent and to the extent delivered to any holder of such Existing Senior Notes or Additional Notes, favorable opinions of counsel to such Credit Party, in form and substance reasonably satisfactory to the Administrative Agent.
Joinder of Subsidiaries as Guarantors. (a) The Borrower will promptly notify the Administrative Agent of (i) the formation, acquisition or existence of any wholly-owned Subsidiary (other than any such Subsidiary that is an Excluded Subsidiary) or (ii) a Subsidiary ceasing to be an Excluded Subsidiary, together with information relating to such Subsidiary (type and jurisdiction of organization, taxpayer identification number and address information).
Joinder of Subsidiaries as Guarantors. At the Borrower’s expense, subject to the limitations and exceptions of this Credit Agreement, including the provisions of the Collateral and Guarantee Requirement and any applicable limitation in any Collateral Document, take all action necessary or reasonably requested by the Administrative Agent to ensure that the Collateral and Guarantee Requirement continues to be satisfied, including: (a) Upon the formation or acquisition of any new direct or indirect wholly owned Material Domestic Subsidiary (in each case, other than an Excluded Subsidiary) by any Credit Party or the designation in accordance with Section 7.14 of any existing direct or indirect wholly owned Material Domestic Subsidiary as a Restricted Subsidiary (in each case, other than an Excluded Subsidiary) or any Subsidiary becoming a wholly owned Material Domestic Subsidiary (in each case, other than an Excluded Subsidiary): (i) within 30 days after such formation, acquisition or cessation, or such longer period as the Administrative Agent may agree in its discretion: (A) cause each such Material Domestic Subsidiary that is required to become a Guarantor pursuant to the Collateral and Guarantee Requirement to duly execute and deliver to the Administrative Agent a Joinder Agreement, joinders to the Security Agreement, Intellectual Property Security Agreements, a counterpart of the Intercompany Note and other security agreements and documents as reasonably requested by and in form and substance reasonably satisfactory to the Administrative Agent (consistent with the Security Agreement, Intellectual Property
Joinder of Subsidiaries as Guarantors. Promptly notify the Administrative Agent of the formation, acquisition (or other receipt of interests) or existence of any Domestic Subsidiary that is not a Guarantor (other than an Excluded Domestic Subsidiary) that holds assets in excess of $50 million individually and, together with all other Domestic Subsidiaries (other than Excluded Domestic Subsidiaries) that are not Guarantors, $100 million, which notice shall include information as to the jurisdiction of organization, the number and class of Capital Stock outstanding and ownership thereof (including options, warrants, rights of conversion or purchase relating thereto), and with respect to any such Subsidiary that is a Domestic Subsidiary and a United States person under Section 7701(a)(30) of the Internal Revenue Code, within ninety (90) days of the formation, acquisition or other receipt of interests thereof, cause the joinder of such Subsidiary as a Guarantor pursuant to Joinder Agreements (or such other documentation in form and substance reasonably acceptable to the Administrative Agent) accompanied by Organization Documents and, if reasonably requested by the Administrative Agent, favorable opinions of counsel to such Credit Party, in form and substance reasonably satisfactory to the Administrative Agent.
