Common use of Acceding Guarantors Clause in Contracts

Acceding Guarantors. (a) Subject to paragraph (b) below, the Company may, upon not less than 5 Business Days prior written notice to the Facility Agent, request that any member of the Bank Group becomes an Acceding Guarantor under this Agreement. (b) Such member of the Bank Group may become an Acceding Guarantor if: (i) the Company delivers to the Facility Agent a duly completed and executed Accession Notice; (ii) the Company confirms that no Event of Default is continuing or would occur as a result of that member of the Bank Group becoming an Acceding Guarantor; and (iii) the Facility Agent has received all of the documents and other evidence listed in Part 4 of Schedule 5 (Accession Documents) in relation to that member of the Bank Group, each in form and substance satisfactory to the Facility Agent, acting reasonably. (c) The Facility Agent shall notify the Company and the Lenders promptly upon being satisfied that the conditions specified in paragraph (b) above have been satisfied.

Acceding Guarantors. (a) Subject to paragraph (b) below, the Company may, upon not less than 5 3 Business Days Days’ prior written notice to the Facility Agent, request that any member of the Bank Group becomes an Acceding Guarantor under this Agreement. (b) Such member of the Bank Group may become an Acceding Guarantor if: (i) the Company delivers to the Facility Agent a duly completed and executed Accession Notice; (ii) the Company confirms that no Event of Default is continuing or would occur as a result of that member of the Bank Group becoming an Acceding Guarantor; and (iii) the Facility Agent has received all of the documents and other evidence listed in Part 4 2 of Schedule 5 7 (Accession Documents) in relation to that member of the Bank Group, each in form and substance satisfactory to the Facility Agent, acting reasonably. (c) The Facility Agent shall notify the Company and the Lenders promptly upon being satisfied that the conditions specified in paragraph (b) above have been satisfied.

Acceding Guarantors. (a) Subject to paragraph (b) below, the Company may, upon not less than 5 3 Business Days prior written notice to the Facility Agent, request that any member of the Bank Group becomes an Acceding Guarantor under this Agreement. (b) Such member of the Bank Group may become an Acceding Guarantor if: (i) the Company delivers to the Facility Agent a duly completed and executed Accession Notice; (ii) the Company confirms that no Event of Default is continuing or would occur as a result of that member of the Bank Group becoming an Acceding Guarantor; and (iii) the Facility Agent has received all of the documents and other evidence listed in Part 4 2 of Schedule 5 7 (Accession Documents) in relation to that member of the Bank Group, each in form and substance satisfactory to the Facility Agent, acting reasonably. (c) The Facility Agent shall notify the Company and the Lenders promptly upon being satisfied that the conditions specified in paragraph (b) above have been satisfied.