Common use of New Restricted Subsidiaries Clause in Contracts

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. 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 then occurred), security documents encumbering its Property or to the extent required by Sections 2.12 and 6.7Section 2.11, Collateral Documents in favor of the Collateral Agent pursuant to the Intercreditor Agreement encumbering all of its material Property).

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 then occurred), or to the extent required by Section 2.12, security documents encumbering its Property to the extent required by Sections 2.12 and 6.7Section 6.6).