New Subsidiaries Guarantors. (a) Requirement to Become Guarantor. Within 30 days of any Person (other than an Excluded Subsidiary) becoming a Significant Subsidiary after the Effective Date, the Borrower shall deliver to the Agent each of the following items, each in form and substance satisfactory to the Agent: (i) an Accession Agreement executed by such Significant Subsidiary and (ii) the items that would have been delivered under Sections 5.1.(a)(iv) and (ix) through (xii) if such Significant Subsidiary had been one on the Effective Date; provided, however, promptly (and in any event within 30 days) upon any Excluded Subsidiary ceasing to be subject to the restriction which prevented it from delivering an Accession Agreement pursuant to this Section, such Subsidiary shall comply with the provisions of this Section. The Agent shall send to each Lender copies of each of the foregoing items once the Agent has received all such items with respect to a Significant Subsidiary.
Appears in 2 contracts
Samples: Credit Agreement (Post Apartment Homes Lp), Credit Agreement (Post Apartment Homes Lp)
New Subsidiaries Guarantors. (a) Requirement to Become Guarantor. Within 30 days of any Person (other than an Excluded Subsidiary) becoming a Significant Material Subsidiary after the Effective Date, the Borrower shall deliver to the Agent each of the following items, each in form and substance satisfactory to the Agent: (ia) an Accession Agreement executed by such Significant Material Subsidiary and (iib) the items that would have been delivered under Sections 5.1.(a)(iv5.1.(a)(v) and (ixx) through (xiixiii) if such Significant Material Subsidiary had been one on the Effective Date; provided, however, promptly (and in any event within 30 days5 Business Days) upon any Excluded Subsidiary ceasing to be subject to the restriction which prevented it from delivering an Accession Agreement pursuant to this Section, such Subsidiary shall comply with the provisions of this Section. The Agent shall send to each Lender copies of each of the foregoing items once the Agent has received all such items with respect to a Significant Material Subsidiary.
Appears in 2 contracts
Samples: Credit Agreement (Senior Housing Properties Trust), Credit Agreement (Hospitality Properties Trust)
New Subsidiaries Guarantors. (a) Requirement to Become Guarantor. Within 30 10 days of any Person (other than an Excluded Subsidiary) becoming a Significant Material Subsidiary after the Effective Date, the Borrower shall deliver to the Agent each of the following items, each in form and substance satisfactory to the Agent: (i) an Accession Agreement executed by such Significant Material Subsidiary and (ii) the items that would have been delivered under Sections 5.1.(a)(iv) through (viii) and (ix) through (xiixiii) if such Significant Material Subsidiary had been one on the Effective Date; provided, however, promptly (and in any event within 30 10 days) upon any Excluded Subsidiary ceasing to be subject to the restriction which prevented it from becoming a Guarantor on the Effective Date or delivering an Accession Agreement pursuant to this Section, as the case may be, such Subsidiary shall comply with the provisions of this Section. The Upon a Lender's written request, the Agent shall send to each such Lender copies of each of the foregoing items once the Agent has received all such items with respect to a Significant Material Subsidiary.
Appears in 1 contract
Samples: Credit Agreement (St Joe Co)
New Subsidiaries Guarantors. (a) Requirement to Become Guarantor. Within 30 days of any Person (other than an Excluded Subsidiary) becoming a Significant Material Subsidiary after the Effective Date, the Borrower shall deliver to the Agent each of the following items, each in form and substance satisfactory to the Agent: (ia) an Accession Agreement executed by such Significant Material Subsidiary and (iib) the items that would have been delivered under Sections 5.1.(a)(iv) and (ix) through (xii) if such Significant Material Subsidiary had been one on the Effective Date; provided, however, promptly (and in any event within 30 days5 Business Days) upon any Excluded Subsidiary ceasing to be subject to the restriction which prevented it from delivering an Accession Agreement pursuant to this Section, such Subsidiary shall comply with the provisions of this Section. The Agent shall send to each Lender copies of each of the foregoing items once the Agent has received all such items with respect to a Significant Material Subsidiary.
Appears in 1 contract
New Subsidiaries Guarantors. (a) Requirement to Become Guarantor. Within 30 calendar days of any Person (other than an Excluded Subsidiary) becoming a Significant Material Subsidiary after the Effective Date, the Borrower shall deliver to the Administrative Agent each of the following items, each in form and substance satisfactory to the Administrative Agent: (i) an Accession Agreement executed by such Significant Subsidiary and and, (ii) the items that would have been delivered under Sections 5.1.(a)(iv) and (ix5.1.(a)(viii) through (xii), and (xvii) as if such Significant Subsidiary had been one on the Effective Date; provided, however, promptly (and in any event within 30 days10 Business Days) upon any Excluded Material Subsidiary ceasing to be subject to the restriction which prevented it from delivering qualify as an Accession Agreement pursuant to this SectionExcluded Subsidiary, such Subsidiary shall comply with the provisions of this Section. The Upon the request of any Lender, the Administrative Agent shall send to each such Lender copies a copy of each of the foregoing items once received by the Administrative Agent has received all such items with respect to a Significant Subsidiary.
Appears in 1 contract
Samples: Credit Agreement