Common use of New Subsidiaries Clause in Contracts

New Subsidiaries. Pursuant to Section 6.20 of the Credit Agreement, any new direct or indirect Domestic Subsidiary (whether by acquisition or creation) of a Grantor (other than an Excluded Subsidiary) is required to enter into this Agreement by executing and delivering in favor of Administrative Agent a supplement to this Agreement in the form of Annex 1 attached hereto. Upon the execution and delivery of Annex 1 by such new Domestic Subsidiary, such Domestic Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this Agreement shall not require the consent of any Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor hereunder.

Appears in 3 contracts

Samples: Pledge and Security Agreement (Oxford Industries Inc), Pledge and Security Agreement (Oxford Industries Inc), Pledge and Security Agreement (Oxford Industries Inc)

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New Subsidiaries. Pursuant to Section 6.20 8.12 of the Credit Agreement, any certain new direct or indirect Domestic Subsidiary Restricted Subsidiaries (whether by acquisition acquisition, creation or creation“designation”) of a any Grantor (other than an Excluded Subsidiary) is are required to enter into this Agreement by executing and delivering in favor of Administrative the Collateral Agent a supplement to this Agreement in the form of Annex 1 attached hereto. Upon the execution and delivery of Annex 1 by each such new Domestic Subsidiary, such Domestic Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this Agreement shall not require the consent of any Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor hereunder.

Appears in 2 contracts

Samples: Term Loan Credit Agreement, Term Loan Credit Agreement (Jill Intermediate LLC)

New Subsidiaries. Pursuant to Section 6.20 6.16 of the Credit AgreementAgreement and Section 4.08 of the Indenture, any certain new direct or indirect Domestic Subsidiary Subsidiaries (whether by acquisition or creation) of a Grantor (other than an Excluded Subsidiary) is may from time to time be required to enter into this Agreement by executing and delivering in favor of Administrative the Collateral Agent a supplement to this Agreement in the form of Annex 1 Exhibit A attached hereto. Upon the execution and delivery of Annex 1 Exhibit A by any such new Domestic Subsidiary, such Domestic Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this Agreement shall not require the consent of any Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor hereunder.

Appears in 2 contracts

Samples: Credit Agreement (Zayo Group LLC), Security Agreement (Zayo Group LLC)

New Subsidiaries. Pursuant to Section 6.20 6.14 of the Credit Agreement, any new direct or indirect Domestic Subsidiary that is a Material Subsidiary (whether by acquisition or creation) of a any Grantor (other than an Excluded Subsidiary) is required to enter into this Security Agreement by executing and delivering in favor of Administrative Agent Bank a supplement joinder to this Security Agreement in the form of Annex 1 attached hereto1. Upon the execution and delivery of Annex 1 by such new Domestic Subsidiary, such Domestic Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this Security Agreement shall not require the consent of any Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor hereunder.

Appears in 1 contract

Samples: Security Agreement (Jakks Pacific Inc)

New Subsidiaries. Pursuant to To the extent required by Section 6.20 5.16 of the Credit AgreementAgreement or any other applicable provision of any Loan Document, any new direct or indirect Domestic Subsidiary (whether by acquisition or creation) of a any Grantor (other than an Excluded Subsidiary) is required to enter into this Agreement by executing and delivering in favor of Administrative Agent a supplement to this Agreement instrument in the form of Annex 1 attached hereto. Upon the execution and delivery of Annex 1 such supplement to this Agreement by such new Domestic Subsidiary, such Domestic Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this Agreement shall not require the consent of any Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor hereunder.

Appears in 1 contract

Samples: Security Agreement (Portrait Corp of America, Inc.)

New Subsidiaries. Pursuant to Section 6.20 4.6 of the Credit Agreement, any new direct or indirect Domestic Subsidiary (whether by acquisition or creation) of a any Grantor (other than an Excluded Subsidiary) or any of its Subsidiaries is required to enter into this Agreement by executing and delivering in favor of the Administrative Agent a supplement Supplement to this Agreement (a “Supplement”) in the form of Annex 1 Exhibit A attached hereto. Upon the execution and delivery of Annex 1 the Supplement by such new Domestic Subsidiary, such Domestic Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this Agreement shall not require the consent of any Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor hereunder.

Appears in 1 contract

Samples: Pledge and Security Agreement (CPM Holdings, Inc.)

New Subsidiaries. Pursuant to Section 6.20 4.17 of the Credit AgreementIndenture, and/or any provision of an Additional Pari Passu Agreement any new direct or indirect Domestic Subsidiary (whether by acquisition or creation) of a Grantor (other than an Excluded a Grantor that is a Foreign Subsidiary) is required to enter into this Agreement by executing and delivering in favor of Administrative Agent a supplement to this Agreement in the form of Annex 1 attached hereto. Upon the execution and delivery of Annex 1 by such new Domestic Subsidiary, such Domestic Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this Agreement shall not require the consent of any Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor hereunder.

Appears in 1 contract

Samples: Security Agreement (Bumble Bee Capital Corp.)

New Subsidiaries. Pursuant to Section 6.20 6.18 of the Credit AgreementAgreement and Section 4.08 of the Indenture, any certain new direct or indirect Domestic Subsidiary Subsidiaries (whether by acquisition or creation) of a Grantor (other than an Excluded Subsidiary) is may from time to time be required to enter into this Agreement by executing and delivering in favor of Administrative Collateral Agent a supplement to this Agreement in the form of Annex 1 Exhibit A attached hereto. Upon the execution and delivery of Annex 1 Exhibit A by any such new Domestic Subsidiary, such Domestic Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this Agreement shall not require the consent of any Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor hereunder.

Appears in 1 contract

Samples: Security Agreement (American Fiber Systems, Inc.)

New Subsidiaries. Pursuant to Section 6.20 8.12 of the Credit Agreement, any certain new direct or indirect Domestic Subsidiary Restricted Subsidiaries (whether by acquisition acquisition, creation or creation“designation”) of a any Grantor (other than an Excluded Subsidiary) is are required to enter into this Agreement by executing and delivering in favor of Administrative the Security Agent a supplement to this Agreement in the form of Annex 1 attached hereto. Upon the execution and delivery of Annex 1 by each such new Domestic Subsidiary, such Domestic Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this Agreement shall not require the consent of any Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor hereunder.

Appears in 1 contract

Samples: Term Loan Credit Agreement (AdvancePierre Foods Holdings, Inc.)

New Subsidiaries. Pursuant to Section 6.20 5.11 of the Credit Agreement, any new direct or indirect Domestic U.S. Subsidiary (whether by acquisition or creation) of a Grantor (other than an Excluded Subsidiary) is required to enter into this Agreement by executing and delivering in favor of Administrative Agent a supplement to this Agreement in the form of Annex 1 attached hereto. Upon the execution and delivery of Annex 1 by such new Domestic U.S. Subsidiary, such Domestic U.S. Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this Agreement shall not require the consent of any Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor hereunder.

Appears in 1 contract

Samples: Security Agreement (Utstarcom Inc)

New Subsidiaries. Pursuant to Section 6.20 Sections 6.14 and 6.15 of the Credit AgreementIndenture, any new direct or indirect Domestic domestic Subsidiary (whether by acquisition acquisition, creation or creationdesignation) of a Grantor (other than an Excluded Subsidiary) the Issuer is required to enter into this Agreement by executing and delivering in favor of Administrative the Noteholder Collateral Agent a supplement to this Agreement an instrument in the form of Annex 1 attached hereto. I. Upon the execution and delivery of Annex 1 I by such new Domestic domestic Subsidiary, such Domestic domestic Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this Agreement shall not require the consent of any Grantor hereunderhereunder (except to the extent obtained on or prior to the date of its execution and delivery of such Instrument). The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor hereunder.

Appears in 1 contract

Samples: Pledge and Security Agreement (Us Concrete Inc)

New Subsidiaries. Pursuant to Section 6.20 6.17 of the Credit Agreement, any new direct or indirect Domestic Subsidiary (whether by acquisition or creation) of a Grantor (other than an Excluded Subsidiary) is required to enter into this Agreement by executing and delivering in favor of Administrative Agent a supplement to this Agreement in the form of Annex 1 attached hereto. Upon the execution and delivery of Annex 1 by such new Domestic Subsidiary, such Domestic Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this Agreement shall not require the consent of any Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor hereunder.

Appears in 1 contract

Samples: Pledge and Security Agreement (Oxford Industries Inc)

New Subsidiaries. Pursuant to Section 6.20 5.11 of the each Credit Agreement, any new direct or indirect Domestic Subsidiary (whether by acquisition or creation) direct or indirect Subsidiary (which is not a CFC) of a any Grantor (other than an Excluded Subsidiary) is required to enter into this Agreement by executing and delivering in favor of Administrative Agent a supplement to this Agreement in the form of Annex 1 attached hereto. Upon the execution and delivery of Annex 1 by such new Domestic Subsidiary, such Domestic Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this Agreement shall not require the consent of any Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor hereunder.

Appears in 1 contract

Samples: Security Agreement (Stanadyne Holdings, Inc.)

New Subsidiaries. Pursuant to Section 6.20 the terms of the Credit Agreement, the Note Agreement and any new direct or indirect Domestic Subsidiary Additional Pari Passu Agreement, certain Subsidiaries (whether by acquisition or creation) of a any Grantor (other than an Excluded Subsidiary) is are required to enter into this Agreement by executing and delivering in favor of Administrative Collateral Agent a supplement Joinder to this Agreement in substantially the form of Annex 1 attached hereto1. Upon the execution and delivery of Annex 1 by any such new Domestic Subsidiary, such Domestic Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this Agreement shall not require the consent of any Grantor party hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor hereunder.

Appears in 1 contract

Samples: Security Agreement (Copart Inc)

New Subsidiaries. Pursuant to Without impairing the limitations and restrictions of Section 6.20 3.20 of the Credit Agreement, any new direct or indirect Domestic Subsidiary (whether by acquisition or creation) of a Grantor (other than an Excluded Subsidiary) is required to enter into this Agreement by executing and delivering in favor of Administrative Agent Secured Party a supplement to this Agreement in the form of Annex 1 attached hereto. Upon the execution and delivery of Annex 1 by such new Domestic Subsidiary, such Domestic Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this Agreement shall not require the consent of any Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor hereunder.

Appears in 1 contract

Samples: Security Agreement (Implant Sciences Corp)

New Subsidiaries. Pursuant to To the extent required by Section 6.20 4.15 of the Credit AgreementIndenture, any new direct or indirect Domestic Subsidiary (whether by acquisition or creation) of a Grantor (other than an Excluded Subsidiary) the Company or any of its Restricted Subsidiaries is required to enter into this Agreement by executing and delivering in favor of Administrative Collateral Agent a supplement to this Security Agreement in the form of Annex 1 attached hereto. Upon the execution and delivery of Annex 1 such supplement by such new Domestic Subsidiary, such Domestic Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this Agreement shall not require the consent of any Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor hereunder.

Appears in 1 contract

Samples: Security Agreement (Altra Industrial Motion, Inc.)

New Subsidiaries. Pursuant to Section 6.20 6.01(b) of the Credit AgreementNote Purchase Agreement and subject to the exclusions contained therein, any new direct or indirect Domestic Subsidiary (whether by acquisition or creation) of a any Grantor (other than an Excluded Subsidiary) is required to enter into this Agreement by executing and delivering in favor of Administrative Agent a supplement to this Agreement an instrument in the form of Annex 1 attached hereto. Upon the execution and delivery of Annex 1 by such new Domestic Subsidiary, such Domestic Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this Agreement shall not require the consent of any Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor hereunder.

Appears in 1 contract

Samples: Security Agreement (Progressive Gaming International Corp)

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New Subsidiaries. Pursuant to Section 6.20 5.16 of the Credit Agreement, any new direct or indirect Domestic U.S. Subsidiary acquired after the Closing Date (whether by acquisition or creation) of a creation)by any Grantor (other than an Excluded Subsidiary) is required to enter into this Agreement by executing and delivering in favor of Administrative Agent a supplement to this Agreement in the form of Annex 1 attached hereto. Upon the execution and delivery of Annex 1 by such new Domestic U.S. Subsidiary, such Domestic U.S. Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this Agreement shall not require the consent of any Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor hereunder.

Appears in 1 contract

Samples: Credit Agreement (Advent Software Inc /De/)

New Subsidiaries. Pursuant to Section 6.20 of the Credit Agreement, any Any new direct or indirect Domestic Subsidiary (whether by acquisition or creation) of a Grantor (other than an Excluded Subsidiary) that under the terms of the Indenture of any Additional Pari Passu Agreement is required to enter into this Agreement shall do so by executing and delivering in favor of Administrative Collateral Agent a supplement to this Agreement in the form of Annex 1 attached hereto. Upon the execution and delivery of Annex 1 such supplement by such new Domestic Subsidiary, such Domestic Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this Agreement shall not require the consent of any Grantor or any other party hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor hereunder.

Appears in 1 contract

Samples: Security Agreement (Oxford Industries Inc)

New Subsidiaries. Pursuant to Section 6.20 5.16 of the Credit Agreement, any new direct or indirect Domestic Subsidiary (whether by acquisition or creation) of a any Borrower or any other Grantor (other than an Excluded Inactive Subsidiary) is required to enter into this Agreement by executing and delivering in favor of Administrative Agent a supplement to this Agreement in the form of Annex 1 attached hereto. Upon the execution and delivery of Annex 1 by such new Domestic Subsidiary, such Domestic Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this Agreement shall not require the consent of any Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor hereunder, except as permitted under the Credit Agreement.

Appears in 1 contract

Samples: Security Agreement (Take Two Interactive Software Inc)

New Subsidiaries. Pursuant to Section 6.20 7.01(b) of the Credit AgreementFinancing Agreement and subject to the exclusions contained therein, any new direct or indirect Domestic Subsidiary (whether by acquisition or creation) of a Grantor (other than an Excluded Subsidiary) Borrower is required to enter into this Agreement by executing and delivering in favor of Administrative Collateral Agent a supplement to this Agreement an instrument in the form of Annex 1 attached hereto. Upon the execution and delivery of Annex 1 by such new Domestic Subsidiary, such Domestic Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this Agreement shall not require the consent of any Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor hereunder.

Appears in 1 contract

Samples: Financing Agreement (Dice Holdings, Inc.)

New Subsidiaries. Pursuant to Section 6.20 5.16 of the Credit Agreement, any new direct or indirect Domestic Subsidiary (whether by acquisition or creation) of a Grantor (other than an Excluded Subsidiary) any Loan Party is required to enter into this Agreement by executing and delivering in favor of Administrative Agent a supplement to this Agreement in the form of Annex 1 attached hereto. Upon the execution and delivery of Annex 1 by such new Domestic Subsidiary, such Domestic Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this Agreement shall not require the consent of any Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor hereunder.

Appears in 1 contract

Samples: Security Agreement (Velocity Express Corp)

New Subsidiaries. Pursuant to Section 6.20 7.01(b) of the Credit AgreementFinancing Agreement and subject to the exclusions contained therein, any new direct or indirect Domestic Subsidiary (whether by acquisition or creation) of a Grantor (other than an Excluded Subsidiary) Borrower is required to enter into this Agreement by executing and delivering in favor of Administrative Collateral Agent a supplement to this Agreement an instrument in the form of Annex 1 attached hereto. Upon the execution and delivery of Annex 1 by such new Domestic Subsidiary, such Domestic Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this Agreement shall not require the consent of any other Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor hereunder.

Appears in 1 contract

Samples: Security Agreement (Russ Berrie & Co Inc)

New Subsidiaries. Pursuant to Section 6.20 4.18 of the Credit AgreementIndenture or any similar provision of any Permitted Additional Pari Passu Obligations, any new direct or indirect Domestic Subsidiary certain Subsidiaries (whether by acquisition or creation) of a any Grantor (other than an Excluded Subsidiary) is are required to enter into this Agreement by executing and delivering in favor of Administrative the Collateral Agent a supplement Joinder to this Agreement in substantially the form of Annex 1 attached hereto1. Upon the execution and delivery of Annex 1 by any such new Domestic Subsidiary, such Domestic Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this Agreement shall not require the consent of any Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor hereunder.

Appears in 1 contract

Samples: Security Agreement (Salem Media Group, Inc. /De/)

New Subsidiaries. Pursuant to Section 6.20 7.01(b) of the Credit AgreementFinancing Agreement and subject to the exclusions contained therein, any new direct or indirect Domestic Subsidiary (whether by acquisition or creation) of a Grantor (other than an Excluded Subsidiary) any Loan Party is required to enter into this Agreement by executing and delivering in favor of Administrative Collateral Agent a supplement to this Agreement an instrument in the form of Annex 1 attached hereto. Upon the execution and delivery of Annex 1 by such new Domestic Subsidiary, such Domestic Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this Agreement shall not require the consent of any Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor hereunder.

Appears in 1 contract

Samples: Security Agreement (Loud Technologies Inc)

New Subsidiaries. Pursuant to To the extent required by Section 6.20 4.16 or Section 10.04 of the Credit AgreementIndenture or any other applicable provision of any Indenture Loan Document, any new direct or indirect Domestic Subsidiary (whether by acquisition or creation) of a any Grantor (other than an Excluded Subsidiary) is required to enter into this Agreement by executing and delivering in favor of Administrative the Collateral Agent a supplement to this Agreement instrument in the form of Annex 1 attached hereto. Upon the execution and delivery of Annex 1 such supplement to this Agreement by such new Domestic Subsidiary, such Domestic Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this Agreement shall not require the consent of any Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor hereunder.

Appears in 1 contract

Samples: Security Agreement (Portrait Corp of America, Inc.)

New Subsidiaries. Pursuant to Section 6.20 9.12 of the Credit Agreement, any certain new direct or indirect Domestic Subsidiary Restricted Subsidiaries (whether by acquisition acquisition, creation or creation“designation”) of a Grantor (other than an Excluded Subsidiary) is the Company are required to enter into this Agreement by executing and delivering in favor of Administrative the Collateral Agent a supplement to this Agreement in the form of Annex 1 attached hereto. Upon the execution and delivery of Annex 1 by each such new Domestic Subsidiary, such Domestic Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Borrower or Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this Agreement shall not require the consent of any Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor hereunder.

Appears in 1 contract

Samples: Abl Credit Agreement (Jill Intermediate LLC)

New Subsidiaries. Pursuant to Without impairing the limitations and restrictions of Section 6.20 3.20 of the Credit Purchase Agreement, any new direct or indirect Domestic Subsidiary (whether by acquisition or creation) of a Grantor (other than an Excluded Subsidiary) is required required, following request from Secured Party, to enter into this Agreement by executing and delivering in favor of Administrative Agent Secured Party a supplement to this Agreement in the form of Annex 1 attached hereto. Upon the execution and delivery of Annex 1 by such new Domestic Subsidiary, such Domestic Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this Agreement shall not require the consent of any Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor hereunder.

Appears in 1 contract

Samples: Security Agreement (Evergreen Energy Inc)

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