Common use of Requirement to Become Guarantor Clause in Contracts

Requirement to Become Guarantor. Within 10 days of any Person (other than an Excluded Subsidiary) becoming a Subsidiary after the Closing Date, the Borrower shall deliver to the Administrative Agent each of the following items, each in form and substance satisfactory to the Administrative Agent: (i) an Accession Agreement executed by such Subsidiary and (ii) the items that would have been delivered under Sections 4.1(a) through (c) if such Subsidiary had been a Subsidiary on the Closing Date; provided, however, promptly (and in any event within 10 days) upon any Excluded Subsidiary ceasing to be subject to the restriction which prevented it from becoming a Guarantor on the Closing Date or delivering an Accession Agreement pursuant to this Section, as the case may be, such Subsidiary shall comply with the provisions of this Section.

Appears in 1 contract

Samples: Credit Agreement (Corporate Property Associates 14 Inc)

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Requirement to Become Guarantor. Within 10 30 days of any Person (other than an Excluded Subsidiary or a Foreign Subsidiary) becoming a Material Subsidiary after the Closing Effective Date, the Borrower shall deliver to the Administrative Agent each of the following items, each in form and substance satisfactory to the Administrative Agent: (i) an Accession Agreement executed by such Material Subsidiary and (ii) the items with respect to such Material Subsidiary that would have been delivered under Sections 4.1(a6.1. (a)(viii) through (cxii) if such Material Subsidiary had been a Subsidiary one on the Closing Effective Date; provided, however, promptly (and in any event within 10 30 days) upon any Excluded Subsidiary ceasing to be subject to the restriction which prevented it from becoming a Guarantor on the Closing Date or delivering an Accession Agreement pursuant to this Section, as the case may be, such Subsidiary shall comply with the provisions of this Section.

Appears in 1 contract

Samples: Credit Agreement (DiamondRock Hospitality Co)

Requirement to Become Guarantor. Within 10 thirty (30) days of any Person becoming a Material Subsidiary (other than an Excluded Subsidiary) becoming a Subsidiary after the Closing Agreement Date, the Borrower shall deliver to the Administrative Agent each of the following items, each in form and substance satisfactory to the Administrative Agent: (i) an Accession Agreement executed by such Subsidiary and (ii) the items that would have been delivered under Sections 4.1(asubsections (vi) through (cx), and (xvii) of Section 5.1.(a) if such Subsidiary had been a Material Subsidiary on the Closing Agreement Date; provided, however, promptly (and in any event within 10 30 days) upon any Excluded Subsidiary ceasing to be subject to the restriction which prevented it from becoming a Guarantor on the Closing Effective Date or delivering an Accession Agreement pursuant to this Section, as the case may be, such Subsidiary shall comply with the provisions of this Section.

Appears in 1 contract

Samples: Term Loan Agreement (Select Income REIT)

Requirement to Become Guarantor. Within 10 thirty (30) days of any Person becoming a Material Subsidiary (other than an Excluded Subsidiary) becoming a Subsidiary after the Closing Agreement Date, the Borrower shall deliver to the Administrative Agent each of the following items, each in form and substance satisfactory to the Administrative Agent: (i) an Accession Agreement executed by such Subsidiary Subsidiary; and (ii) the items that would have been delivered under Sections 4.1(asubsections (vi) through (cx) and (xvii) of Section 5.1.(a) if such Subsidiary had been a Material Subsidiary on the Closing Agreement Date; provided, however, promptly (and in any event within 10 30 days) upon any Excluded Subsidiary ceasing to be subject to the restriction which prevented it from becoming a Guarantor on the Closing Effective Date or delivering an Accession Agreement pursuant to this Section, as the case may be, such Subsidiary shall comply with the provisions of this Section.

Appears in 1 contract

Samples: Credit Agreement (Select Income REIT)

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Requirement to Become Guarantor. Within 10 30 days of any Person (other than an Excluded Subsidiary) becoming a Material Subsidiary after the Closing Effective Date, the Borrower shall deliver to the Administrative Agent each of the following items, each in form and substance satisfactory to the Administrative Agent: (ia) an Accession Agreement executed by such Material Subsidiary and (iib) the items with respect to such Material Subsidiary that would have been delivered under Sections 4.1(a5.1.(a)(iv) and (ix) through (cxii) if such Material Subsidiary had been a Subsidiary one on the Closing Effective Date; provided, however, promptly (and in any event within 10 days5 Business Days) upon any Excluded Subsidiary ceasing to be subject to the restriction which prevented it from becoming a Guarantor on the Closing Date or delivering an Accession Agreement pursuant to this Section, as the case may be, such Subsidiary shall comply with the provisions of this Section.

Appears in 1 contract

Samples: Credit Agreement (HRPT Properties Trust)

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