New Significant Subsidiaries. With respect to any new Significant Subsidiary created or acquired after the Closing Date by any Group Member (which, for the purposes of this Section 5.9, shall include any existing Subsidiary that becomes a Significant Subsidiary), promptly cause such new Significant Subsidiary (a) to become a party to the Guarantee Agreement and (b) to deliver to the Administrative Agent a certificate of such Subsidiary, substantially in the form of Exhibit B, with appropriate insertions and attachments.
New Significant Subsidiaries. Cause each of its Restricted Subsidiaries which hereafter becomes a Significant Subsidiary to promptly execute and deliver to the Administrative Agent an instrument of joinder to the Subsidiary Guaranty. Each Restricted Subsidiary which becomes a Significant Subsidiary by means of any Disposition to that Subsidiary or Investment made in that Subsidiary by Borrower or any of its other Significant Subsidiaries shall execute a joinder to the Subsidiary Guaranty substantially concurrently with the effectiveness of such Disposition or Investment.
New Significant Subsidiaries. Cause each of its Restricted Subsidiaries which hereafter becomes a Significant Subsidiary to execute and deliver to the Administrative Agent an instrument of joinder of the Subsidiary Guaranty, Security Agreement and the Trademark Collateral Assignment.
New Significant Subsidiaries. Promptly after the date any Subsidiary of the Borrower (other than a Subsidiary organized under the laws of Canada or any province, commonwealth, territory or political subdivision thereof which is formed or acquired in connection with the acquisition of Vytec International Corp. and Affiliates thereof by the Borrower) becomes a Significant Subsidiary and, in any event, within three Business Days following receipt by the Borrower from the Administrative Agent of a security agreement substantially in the form of the Subsidiary Security Agreements and a guaranty of the Obligations in substantially the form of the Guaranty, the Borrower will cause such Subsidiary to execute and deliver such guaranty and security agreement to the Administrative Agent; PROVIDED, that at the request of the Borrower, assets or the assets of any Person that would constitute Collateral if such assets were subject to a Subsidiary Security Agreement, acquired by the Borrower in any one Approved Acquisition and securing an aggregate amount of Indebtedness not in excess of (i) $5,000,000 with respect to such Approved Acquisition and (ii) $10,000,000 in the aggregate at any time for all Approved Acquisitions, shall not be subject to the Lien of such Subsidiary Security Agreement if, after reasonable efforts, the Borrower was unable to obtain the required consent to a junior lien in favor of the Administrative Agent for the benefit of the Lenders from any Person holding a Lien on such assets.
New Significant Subsidiaries. With respect to any new Significant Subsidiary created or acquired after the Closing Date by any Group Member (which shall include any existing Subsidiary that becomes a Significant Subsidiary), promptly give written notice to the Administrative Agent of such new Significant Subsidiary and cause such new Significant Subsidiary comply with Section 6.10.
New Significant Subsidiaries. Promptly notify the Bank of any newly formed or acquired Significant Subsidiary and cause each newly formed or acquired Significant Subsidiary to (a) execute and deliver to the Bank a Guaranty, and (b) deliver to the Bank an opinion of counsel (consistent with the opinions delivered in connection with the execution of the Guaranties) and other documentation as may be required by the Bank, in form and substance satisfactory to the Bank.
New Significant Subsidiaries. Within 30 days after the formation or acquisition of any Significant Subsidiary, or any other event resulting in the creation of a new Significant Subsidiary, notice of the formation or acquisition of such Significant Subsidiary or such occurrence, including a description of the assets of such entity, the activities in which it will be engaged, and such other information as the Agent may request;
New Significant Subsidiaries. Cause each Person that hereafter becomes a Significant Subsidiary (whether by an Acquisition permitted by the terms of Section 6.18 or otherwise) to execute and deliver to the Agent an instrument of joinder of the Subsidiary Guaranty, the Security Agreement and, if applicable, the Pledge Agreement.
New Significant Subsidiaries. Cause each of its Restricted Subsidiaries which hereafter becomes a Significant Subsidiary promptly upon so becoming (and in any event within fifteen Business Days) to execute and deliver to the Administrative Agent an instrument of joinder of the Subsidiary Guaranty, Security Agreement and the Trademark Collateral Assignment, and execute and deliver to the Administrative Agent such Mortgages covering its Real Property as the Administrative Agent may request.
New Significant Subsidiaries. Cause each Person, other than any Excluded Subsidiary, that hereafter becomes a Domestic Significant Subsidiary of the Borrower to execute and deliver, concurrently with its formation, acquisition or otherwise becoming a Domestic Significant Subsidiary, joinders to the Facilities Guaranty and the Subsidiaries Security Agreement, together with such other instruments, documents and agreements, including financing statements, as the Administrative Agent may require to grant and perfect Liens in substantially all of its Property to secure its obligations under such guarantees. In addition thereto, the Borrower shall cause 100% of the capital stock of each such Person which is a Domestic Significant Subsidiary to be pledged to the Administrative Agent pursuant to the Facilities Pledge Agreement, together with any other Collateral Documents requested by the Administrative Agent.
