Subsidiary Borrower Joinder definition
Examples of Subsidiary Borrower Joinder in a sentence
The Administrative Agent shall have received a Foreign Subsidiary Borrower Joinder Agreement, substantially in the form of Exhibit I, executed and delivered by such Foreign Subsidiary Borrower and the Parent Borrower.
No authorizations, approvals or consents of, and no filings or registrations with, any Governmental Authority that have not been obtained by the time any Subsidiary of the Company becomes a Subsidiary Borrower are necessary for the execution, delivery or performance by such Subsidiary Borrower of the Subsidiary Borrower Joinder Agreement or any other Loan Documents to which it is party or for the validity or enforceability of any thereof or for the borrowing by such Subsidiary Borrower hereunder.
Upon receipt of a Subsidiary Borrower Joinder, the Administrative Agent shall promptly transmit each such notice to each of the Lenders; provided that any failure to do so by the Administrative Agent shall not in any way affect the status of any such Subsidiary as a Subsidiary Borrower hereunder.
Each Subsidiary Borrower that is required to become a party to this Agreement pursuant to Section 2.21(a) of the Credit Agreement shall become a Grantor for all purposes of this Agreement upon execution and delivery by such Subsidiary Borrower of a Subsidiary Borrower Joinder Agreement in the form of Exhibit J to the Credit Agreement.
Thereupon the Subsidiary which executed such Subsidiary Borrower Joinder Agreement shall become a "SUBSIDIARY BORROWER" hereunder.
As soon as practicable upon receipt thereof, the Administrative Agent will post a copy of such Subsidiary Borrower Joinder Agreement to the Lenders.
The address and jurisdiction of organization or incorporation of each undersigned Other Subsidiary Borrower of the Company is set forth in Annex I to this Subsidiary Borrower Joinder Agreement.
Upon receipt of a Subsidiary Borrower Joinder Agreement and the supporting documentation referred to above, the Administrative Agent shall confirm such Subsidiary Borrower Joinder Agreement by signing a copy thereof and shall deliver a copy thereof to the Company and each Lender.
In addition, the Parent Borrower may cause any Subsidiary that is not required to become a Subsidiary Guarantor to become a Subsidiary Guarantor by executing and delivering a Subsidiary Guaranty and the Parent Borrower may cause any Subsidiary that satisfies the requirements set forth in the definition of “Subsidiary Borrower” to become a Subsidiary Borrower by executing and delivering a Subsidiary Borrower Joinder.
Schedule 5.8 contains an accurate list of all Subsidiaries of the Company as of the date of this Agreement, and, upon the delivery of any Subsidiary Borrower Joinder pursuant to Section 6.24, the date of such joinder, setting forth their respective jurisdictions of organization and the percentage of their respective capital stock or other ownership interests owned by the Company or other Subsidiaries.