Common use of Subsidiary Borrowers Clause in Contracts

Subsidiary Borrowers. (a) Subject to prior or concurrent satisfaction of the conditions precedent in this Section 2.19, any Wholly-Owned Subsidiary of the Company may become a party to this Agreement and a “Subsidiary Borrower” hereunder on or after the Closing Date, entitled to all of the rights and subject to all of the obligations incident thereto.

Appears in 2 contracts

Samples: Year Credit Agreement (Trimble Navigation LTD /Ca/), Assignment Agreement (Trimble Navigation LTD /Ca/)

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Subsidiary Borrowers. (a) Subject to prior or concurrent satisfaction of the conditions precedent in this Section 2.192.21, any Wholly-Owned Subsidiary of the Company may become a party to this Agreement and a “Subsidiary Borrower” hereunder on or after the Original Closing Date, entitled to all of the rights and subject to all of the obligations incident thereto.

Appears in 1 contract

Samples: Credit Agreement (Trimble Navigation LTD /Ca/)

Subsidiary Borrowers. (a) Subject to prior or concurrent satisfaction of the conditions precedent in this Section 2.192.21, any Wholly-Owned Subsidiary of the Company may become a party to this Agreement and a “Subsidiary Borrower” hereunder on or after the Closing Effective Date, entitled to all of the rights and subject to all of the obligations incident thereto.

Appears in 1 contract

Samples: Credit Agreement (Trimble Navigation LTD /Ca/)

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Subsidiary Borrowers. (a) Subject to prior or concurrent satisfaction of the conditions precedent in this Section 2.192.22, any Wholly-Owned Subsidiary of the Company may become a party to this Agreement and a “Subsidiary Borrower” hereunder on or after the Closing Amendment Effective Date, entitled to all of the rights and subject to all of the obligations incident thereto.

Appears in 1 contract

Samples: Credit Agreement (Trimble Navigation LTD /Ca/)

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