Pursuant to Section 5. 10(a) of the Credit Agreement, each Wholly Owned Subsidiary of the Borrower that was not in existence or not such a Wholly Owned Subsidiary on the date of the Credit Agreement is required to enter into the Guarantee Agreement as Guarantor upon becoming such a Wholly Owned Subsidiary. Upon the execution and delivery, after the date hereof, by the Administrative Agent and such Wholly Owned Subsidiary of an instrument in the form of Annex 1, such Subsidiary shall become a Guarantor hereunder with the same force and effect as if originally named as a Guarantor hereunder. The execution and delivery of any instrument adding an additional Guarantor as a party to this Agreement shall not require the consent of any Guarantor hereunder. The rights and obligations of each Guarantor hereunder shall remain in full force and effect notwithstanding the addition of any new Guarantor as a party to this Agreement.
Appears in 2 contracts
Samples: Subsidiary Guarantee Agreement (Amsurg Corp), Revolving Credit Agreement (Amsurg Corp)
Pursuant to Section 5. 10(a) 11 of the Credit Agreement, each Wholly Owned Subsidiary of STFI, the Borrower or any Subsidiary that was not in existence or not such a Wholly Owned Subsidiary on the date of the Credit Agreement is required to enter into the Guarantee Agreement as a Guarantor upon becoming such a Wholly Owned Subsidiary. Upon the execution and delivery, after the date hereof, by the Administrative Collateral Agent and such Wholly Owned a Subsidiary of an instrument in the form of Annex 11 hereto, such Subsidiary shall become a Guarantor hereunder with the same force and effect as if originally named as a Guarantor hereunder. The execution and delivery of any instrument adding an additional Guarantor as a party to this Agreement shall not require the consent of any Guarantor hereunder. The rights and obligations of each Guarantor hereunder shall remain in full force and effect notwithstanding the addition of any new Guarantor as a party to this Agreement.
Appears in 1 contract
Pursuant to Section 5. 10(a) 12 of the Credit Agreement, each Wholly Owned Subsidiary of the Borrower which is also a Subsidiary Loan Party that was not in existence or not such a Wholly Owned Subsidiary on the date of the Credit Agreement or was an Inactive Subsidiary is required to enter into the Guarantee Agreement as a Guarantor upon becoming such a Wholly Owned Subsidiary (or upon ceasing to be an Inactive Subsidiary). Upon the execution and delivery, delivery after the date hereof, hereof by the Administrative Collateral Agent and such Wholly Owned Subsidiary of an instrument in the form of Annex 11 hereto, such Subsidiary shall become a Guarantor hereunder with effect from and after the same force date of such execution and effect as if originally named as a Guarantor hereunderdelivery. The execution and delivery of any such instrument adding an additional Guarantor as a party to this Agreement shall not require the consent of any other Guarantor hereunder. The rights and obligations of each Guarantor hereunder shall remain in full force and effect notwithstanding the addition of any new Guarantor as a party to this Agreement.
Appears in 1 contract
Samples: Indemnity, Subrogation and Contribution Agreement (J Crew Group Inc)
Pursuant to Section 5. 10(a) 16 of the Credit Agreement, each Wholly Owned Domestic Subsidiary of (other than Xxxxx or Leasco) and, to the extent that no adverse tax consequences to the Borrower or any Subsidiary would result, Foreign Subsidiary, that was not in existence or not such a Wholly Owned Subsidiary on the date of the Credit Agreement is required to enter into the Guarantee Agreement and this Agreement as a Guarantor upon becoming such a Wholly Owned Subsidiary. Upon the execution and delivery, after the date hereof, by the Administrative Collateral Agent and or any such Wholly Owned Subsidiary of an instrument in the form of Annex 11 hereto, such Subsidiary shall become a Guarantor hereunder with the same force and effect as if originally named as a Guarantor hereunder. The execution and delivery of any instrument adding an additional Guarantor as a party to this Agreement shall not require the consent of any Guarantor hereunder. The rights and obligations of each Guarantor hereunder shall remain in full force and effect notwithstanding the addition of any new Guarantor as a party to this Agreement.
Appears in 1 contract
Samples: Subrogation and Contribution Agreement (Ryder TRS Inc)