Common use of New Subsidiary Clause in Contracts

New Subsidiary. In the event that Borrower shall hereafter create a new Subsidiary or a Person shall hereafter become a Subsidiary of the Borrower, the Borrower shall (i) cause such Subsidiary to execute and deliver to the Agent (a) in the case of a Subsidiary that is not a Non-Borrowing Subsidiary, a Guaranty and an amendment to the Contribution Agreement pursuant to which such Guarantor shall become a party thereunder and (b) in the case of a Non-Borrowing Subsidiary, a Subordination Agreement, and (ii) deliver or cause to be delivered, by and with respect to such Subsidiary, certificates, opinions and other documents substantially similar to those required to be delivered under the provisions of Sections 5.1(i), (ii), (iii), (vi) and (vii) and such other documents as any Lender or Issuing Bank or their respective counsel may reasonably request; all of the foregoing shall be in form and substance satisfactory to the Required Lenders.

New Subsidiary. In the event that Borrower shall hereafter create a new Subsidiary or a Person shall hereafter become a Subsidiary of the Borrower, the Borrower shall (i) cause such Subsidiary to execute and deliver to the Agent (a) in the case of a Subsidiary that is not a Non-Borrowing Subsidiary, a Guaranty and an amendment to the Contribution Agreement pursuant to which such Guarantor shall become a party thereunder and (b) in the case of a Non-Borrowing Subsidiary, a Subordination Agreement, and (ii) deliver or cause to be delivered, by and with respect to such Subsidiary, certificates, opinions and other documents substantially similar to those required referred to be delivered under the provisions of in Sections 5.1(i5.1(b)(i), (ii), (iii), (vi) and (vii) and such other documents as any Lender or Issuing Bank or their respective counsel may reasonably request; all of the foregoing shall be in form and substance satisfactory to the Required Lenders.

New Subsidiary. In the event that Borrower shall hereafter create a new Subsidiary or a Person shall hereafter become a Subsidiary of the Borrower, the Borrower shall (i) cause such Subsidiary to execute and deliver to the Agent (a) in the case of a Subsidiary that is not a Non-Borrowing Subsidiary, a Guaranty and an amendment to the Contribution Agreement pursuant to which such Guarantor shall become a party thereunder and (b) in the case of a Non-Borrowing Subsidiary, a Subordination Agreement, and (ii) deliver or cause to be delivered, by and with respect to such Subsidiary, certificates, opinions and other documents substantially similar to those required referred to be delivered under the provisions of in Sections 5.1(i), (ii), (iii), (vi) and (vii) and such other documents as any Lender or Issuing Bank or their respective counsel may reasonably request; all of the foregoing shall be in form and substance satisfactory to the Required Lenders.

New Subsidiary. In the event that Borrower shall hereafter create a new Subsidiary or a Person shall hereafter become a Subsidiary of the Borrower, the Borrower shall (i) cause such Subsidiary to execute and deliver to the Agent (a) in the case of a Subsidiary that is not a Non-Borrowing Subsidiary, a Guaranty and an amendment to the Contribution Agreement pursuant to which such Guarantor shall become a party thereunder and (b) in the case of a Non-Borrowing Subsidiary, a Subordination Agreement, and (ii) deliver or cause to be delivered, by and with respect to such Subsidiary, certificates, opinions and other documents substantially similar to those required to be delivered under the provisions of Sections 5.1(i), (ii), (iii), (vi) and (vii) of the Original Agreement and such other documents as any Lender or Issuing Bank or their respective counsel may reasonably request; all of the foregoing shall be in form and substance satisfactory to the Required Lenders.