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.
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.
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.
Next Financial Year’s Prospects (Cont’d) The Company had, on 6 April 2021, entered into a conditional share sale agreement (“SSA”) with Yeoh Siok Choo and Tan You Tiong (collectively, the “Vendors”) for the proposed acquisition of 51% equity interests in BCM Holdings Sdn Bhd (“BCM”).
The Designated Subsidiary Borrower shall, at the request of the Administrative Agent, execute such other documents and agreements, and shall take or cause to be taken all actions, as the Administrative Agent may, from time to time, request to carry out the terms and conditions of this Subsidiary Borrower Joinder Agreement, the Credit Agreement and the other Loan Documents.
On and as of the date of this Subsidiary Borrower Joinder Agreement (the “Effective Date”), and for the benefit of the Administrative Agent and the Lenders, the Designated Subsidiary Borrower hereby makes for itself each of the representations and warranties made by each Subsidiary Borrower in the Credit Agreement and each of the other Loan Documents, with only such changes as are indicated in Schedule 1 hereto.
Thereupon the Subsidiary which executed such Subsidiary Borrower Joinder Agreement shall become a "SUBSIDIARY BORROWER" hereunder.
In addition, Holdings may cause any Subsidiary that is not required to become a Subsidiary Guarantor to become a Subsidiary Guarantor by becoming a party to the Guarantee and Collateral Agreement, 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.
To incorporate this aspect in the trust mechanism, the proposed protocol takes into consideration the residual power of the node being chosen for route formation.