Removal of Immaterial Domestic Subsidiaries Sample Clauses

Removal of Immaterial Domestic Subsidiaries. Subsequent to the Closing Date, the Borrower (a) may at its option within the parameters set forth in the definition of Immaterial Domestic Subsidiary, or (b) shall, if required by Section 8.1.11 [Immaterial Domestic Subsidiaries], in either case by written notice delivered to the Administrative Agent, remove any Domestic Subsidiary that is listed as an Immaterial Domestic Subsidiary on Schedule 1.1(I) from such Schedule, in each case subject to (i) the requirement that such designation not cause an Event of Default or Potential Default, and (ii) the requirement that the Borrower deliver to the Administrative Agent an updated Schedule 1.1(I). Any such Domestic Subsidiary removed from Schedule 1.1(I) in accordance with the foregoing sentence shall be required to join this Agreement and the other applicable Loan Documents as a Guarantor in accordance with Section 8.2.9 [Subsidiaries and Joint Ventures], and such removal shall be effective, subject to satisfaction of the aforementioned conditions, on the date such Subsidiary joins this Agreement and such other Loan Documents in accordance with Section 11.14 [Joinder of Guarantors].