New Restricted Subsidiaries. Cause any Person which hereafter becomes a Restricted Subsidiary of Borrower to promptly execute and deliver to the Administrative Agent a Guaranty (and, if a Collateral Event has occurred (and no Collateral Release has subsequently occurred), security documents encumbering its Property to the extent required by Sections 2.12 and 6.7).
New Restricted Subsidiaries. Immediately upon the creation or --------------------------- acquisition thereof, the Borrower shall notify the Administrative Agent about any newly created or acquired Restricted Subsidiary and shall provide the Administrative Agent with the Loan Documents required pursuant to Section 7.9 ----------- and an updated Schedule 5.14. -------------
New Restricted Subsidiaries. Within fifty (50) days after any Person becoming (or being designated) a Restricted Subsidiary, cause such Restricted Subsidiary to (i) execute and deliver to the Agent, for the benefit of the Lenders, a Supplemental Guaranty, (ii) become a Grantor under the Collateral Agreement by executing and delivering an assumption agreement to the Collateral Agreement substantially in the form of Annex I thereto, (iii) execute any other applicable Security Documents in favor of the Agent and (iv) deliver or cause to be delivered an opinion of counsel, certified copies of resolutions, articles of incorporation or other formation documents, incumbency certificates and other documents with respect to such Subsidiary and its Guaranty substantially similar to the documents delivered pursuant to Section 3.01 with respect to the Guarantors, all of which shall be reasonably satisfactory to the Agent in form and substance; provided that if and so long as any such Subsidiary has total assets the book value of which is not more than $5,000,000, the Borrower shall not be required to comply with this Section. Xxxxxxx Development LLC shall not be required to deliver a Guaranty or any Security Document so long as the book value of its total assets is less than $5,000,000.
New Restricted Subsidiaries. Cause any Person which hereafter --------------------------- becomes a Restricted Subsidiary of Borrower to promptly (and in the case of Mirage and its Subsidiaries, immediately following their acquisition pursuant to the Mirage Merger Agreement on the Closing Date) execute and deliver to the Administrative Agent a Guaranty (and, if a Collateral Event has occurred (and no Collateral Release has subsequently occurred), security documents encumbering its Property to the extent required by Sections 2.12 and 6.7).
New Restricted Subsidiaries. 82 7.12 Taxes.......................................................82 7.13
New Restricted Subsidiaries. 49 5.9 Hazardous Materials Laws ..................................... 49
New Restricted Subsidiaries. 69 -iii- Page ---- SECTION 12. MISCELLANEOUS..............................................................69
New Restricted Subsidiaries. The Borrower and each Restricted Subsidiary hereby agree to promptly, after the creation, acquisition and/or designation of a Restricted Subsidiary, notify the Administrative Agent of the existence thereof and to promptly cause each such new Restricted Subsidiary to execute and deliver to the Administrative Agent a Pledge Agreement in the form of Exhibit F hereto. ---------
New Restricted Subsidiaries. Prompt written notice of the formation of any Restricted Subsidiary of the Borrower, notice thereof and copies of the Organization Documents of such Subsidiary.
New Restricted Subsidiaries. Upon the creation of any Restricted Subsidiary not in existence on the date hereof, the Borrower shall at its expense:
