Subsidiary Security. The Borrower will provide prior written notice to the Agent of it or any Material Subsidiary acquiring or incorporating any new Material Subsidiary and cause each Material Subsidiary to provide the Agent with a guarantee of the Borrower’s Indebtedness under the Documents and with the other Security listed in Section 3.1 in form and substance satisfactory to the Agent within 10 days of any such Subsidiary becoming a Material Subsidiary, together with all such supporting documentation and legal opinions as the Agent may reasonably require.
Subsidiary Security. 28 ARTICLE VIII
Subsidiary Security. Should the Borrower grant to the Senior Loan Agent for the benefit of the Senior Lenders, or to the Senior Lenders, a security interest and pledge of the Capital Stock of any Subsidiary (whether existing as of the Closing Date or created or acquired thereafter), the Borrower will, simultaneously with such pledge in favor of the Senior Loan Agent or Senior Lenders, grant to the Trustee for the benefit of the Noteholders, a second in priority security interest and pledge of such Capital Stock in form and substance satisfactory to the Agent and if any Subsidiary should guaranty all or any portion of the Senior Loan, the Borrower will cause such Subsidiary to enter into a Guaranty Agreement of the Obligations in substantially the same form as the Guaranty Agreement given by Brigxxx, Xxc. on the Closing Date or otherwise in form and substance satisfactory to the Agent. The delivery of such security and guaranty shall be accompanied by such back up corporate authority and opinions of counsel (addressed to the Agent as well as the Senior Loan Agent) as are provided to the Senior Loan Agent.
Subsidiary Security. (A) On the Closing Date, with regard to any Domestic Subsidiary in existence on the Closing Date, and within 3 days of the Borrower creating or acquiring or otherwise having any other Domestic Subsidiary, the Borrower will cause such Domestic Subsidiary to provide and grant to the Agent, for the benefit of the Lenders, a (i) guaranty of the Obligations, and (ii) first priority security interest in the real, personal and mixed property of such Domestic Subsidiary, securing the Obligations and such Domestic Subsidiary's obligations under such guaranty, provided that the foregoing shall not be deemed to require a pledge of more than 65% of the stock of any Foreign Subsidiary of such Domestic Subsidiary that is directly owned by such Domestic Subsidiary unless required by paragraph (B) of this Section 2.8.
(B) Borrower shall pledge to Agent, for the benefit of Agent and Lenders, 65% of the capital stock of each of its Foreign Subsidiaries directly owned by Borrower. Within 60 days of the Closing Date, Borrower shall take such actions as have been reasonably requested by the Agent to perfect the pledge of Foreign Subsidiary stock made on the Closing Date under the laws of the jurisdiction of organization of each issuer of such Foreign Subsidiary stock. Within 30 days of Borrower creating or acquiring or otherwise having any other Foreign Subsidiary, the Borrower will provide, or cause to be provided, to the Agent, for the benefit of the Lenders, as security for the Obligations a perfected, first priority pledge of 65% of the capital stock (or similar equity interest) of each Foreign Subsidiary. If Borrower or any Domestic Subsidiary can at any time pledge more than 65% of the capital stock of any Foreign Subsidiary as security for the Obligations, or a Foreign Subsidiary can (i) pledge any notes issued to it by the Borrower or any other Subsidiary, (ii) pledge all or a portion of the stock of one of its subsidiaries or grant a security interest on its assets to the Agent for the benefit of the Lenders to secure the Obligations, or (iii) guaranty the Obligations, in each case without causing the undistributed earnings of such Foreign Subsidiary (as determined for Federal income tax purposes) to be treated as a deemed dividend to the Borrower for Federal income tax purposes or without resulting in any other material adverse tax consequences, then Borrower, or such Domestic Subsidiary, as applicable, shall make such pledge and/or such Foreign Subsidiary shall exec...
Subsidiary Security. Should the Borrower create or acquire any Subsidiary pursuant to Section 9.16 hereof it will promptly grant to the Agent for the benefit of the Lenders a security interest and pledge of all the capital stock of such Subsidiary in form and substance satisfactory to the Agent, such security interest and pledge to be second to any such security interest and pledge granted to secure the Senior Indebtedness and the Borrower will cause such Subsidiary to enter into a guaranty of the Indebtedness in form and substance satisfactory to the Agent, and such guaranty to be subordinate to any similar guaranty guaranteeing the Senior Indebtedness. The delivery of such security and guaranty shall be accompanied by such back up corporate authority and opinions of counsel (addressed to the Agent as well as the Senior Agent) as furnished to the Senior Agent, or as the Agent may reasonably request.
Subsidiary Security. Should the Borrower create or acquire any Subsidiary pursuant to Section 9.16 hereof it will promptly grant to the Agent for the benefit of the Lenders a security interest and pledge of all the capital stock of such Subsidiary in form and substance satisfactory to the Agent and the Borrower will cause such Subsidiary to enter into a guaranty of the Indebtedness in form and substance satisfactory to the Agent. The delivery of
Subsidiary Security. Except as permitted by Section 10.1(p) in connection with the Post-Closing Amalgamation, the Borrower will cause each Material Subsidiary to provide the Agent with a guarantee and the other Security listed in Section 4.1 in form and substance satisfactory to the Agent within 10 days after any such Subsidiary becoming a Material Subsidiary, together with such supporting documentation and legal opinions as the Agent may reasonably require.
Subsidiary Security. (i) The Borrower will cause each Subsidiary to provide the Agent with a guarantee and the other Security listed in Section 4.1, in each case in form and substance satisfactory to the Agent, within 10 Banking Days (or such longer period as may be agreed to by the Agent) of such Subsidiary being formed or acquired by a Loan Party, together with such supporting documentation and legal opinions as the Agent may reasonably require.
(ii) The Borrower will ensure that at all times, each of its Subsidiaries is a direct or indirect wholly-owned Subsidiary of the Borrower.
Subsidiary Security. 47 Section 8.12 Payment of Trade Payables..........................................................48
Subsidiary Security. 54 Section 8.09 INSPECTION..............................................54 Section 8.10 RELEASE OF LIENS; SEARCH CERTIFICATES...................55 ARTICLE IX NEGATIVE COVENANTS Section 9.01 DEBT....................................................55
