Common use of Permitted Affiliate Parent Designation Clause in Contracts

Permitted Affiliate Parent Designation. (a) The Company may provide the Facility Agent with notice that it wishes to include any Affiliate (each a “Permitted Affiliate Parent”) as a member of the Group for the purposes of this Agreement. Such Affiliate shall become a Permitted Affiliate Parent for the purposes of this Agreement by causing it to accede to this Agreement as an acceding Borrower in accordance with Clause 28.2 (Additional Borrowers) and/or as an acceding Guarantor in accordance with Clause 28.4 (Additional Guarantors), whereby that Permitted Affiliate Parent will accede as a Permitted Affiliate Parent (an “Permitted Affiliate Parent Accession”), provided that, prior to or immediately after giving effect to such transaction, no Default or Event of Default shall have occurred and be continuing.

Permitted Affiliate Parent Designation. (a) The Company may provide the Facility Agent with notice that it wishes to include any Affiliate (each a “Permitted Affiliate Parent”) as a member of the Group for the purposes of this Agreement. Such Affiliate shall become a Permitted Affiliate Parent for the purposes of this Agreement by causing it to accede to this Agreement as an acceding Acceding Borrower in accordance with Clause 28.2 27.2 (Additional Borrowers) and/or as an acceding Acceding Guarantor in accordance with Clause 28.4 27.4 (Additional Guarantors), whereby that Permitted Affiliate Parent will accede as a Permitted Affiliate Parent (an “Permitted Affiliate Parent Accession”), provided that, prior to or immediately after giving effect to such transaction, no Default or Event of Default shall have occurred and be continuing.