Examples of New Material Subsidiary in a sentence
If as of the end of any fiscal quarter, the Aggregation Test is not satisfied, then within 60 days after the end of such fiscal quarter the Borrower shall cause such number of Subsidiaries to join into the Subsidiary Guaranty (as if they were each a New Material Subsidiary as provided in the foregoing sentence) so that after giving effect thereto, the Aggregation Test is satisfied.
Promptly notify Administrative Agent after any Person becomes a Material Subsidiary (each a “New Material Subsidiary”) as a result of a Permitted Acquisition, a Fundamental Change Transaction, or a capital contribution, and in such notice set forth the date such Person became a New Material Subsidiary and the full name and jurisdiction of organization of such Person.
Upon execution and delivery by a New Material Subsidiary of a Supplemental Agreement substantially in the form of Exhibit A hereto, such New Material Subsidiary shall become a Guarantor hereunder with the same force and effect as if originally named as a Guarantor herein.
All communications to the New Material Subsidiary shall be given to it at the address or telecopy number set forth under its signature hereto.
The undersigned New Material Subsidiary is executing this Agreement in accordance with the requirements of the Note Purchase Agreement in order to become a Guarantor under the Guaranty as consideration for the Notes previously purchased.