Common use of Additional Obligors Clause in Contracts

Additional Obligors. As contemplated in Section 6.09 of each Credit Agreement, a new Subsidiary of the Borrower formed or acquired by the Borrower after the date hereof may become a "Subsidiary Guarantor" under each Credit Agreement and an "Obligor" under this Agreement, by executing and delivering to the Collateral Agent a Guarantee Assumption Agreement in the form of Exhibit D to each Credit Agreement. Accordingly, upon the execution and delivery of any such Guarantee Assumption Agreement by any such Subsidiary, such new Subsidiary shall automatically and immediately, and without any further action on the part of any Person, become an "Obligor" for all purposes of this Agreement, and each of the Annexes hereto shall be supplemented in the manner specified in such Guarantee Assumption Agreement.

Appears in 1 contract

Sources: Security Agreement (Chart Industries Inc)

Additional Obligors. As contemplated in Section 6.09 of each Credit the Loan Agreement, a new Subsidiary of the Borrower formed or acquired by the Borrower after the date hereof may become a "Subsidiary Guarantor" under each Credit the Loan Agreement and an "Obligor" under this Agreement, by executing and delivering to the Collateral Administrative Agent a Guarantee Assumption Agreement in the form of Exhibit D to each Credit the Loan Agreement. Accordingly, upon the execution and delivery of any such Guarantee Assumption Agreement by any such Subsidiary, such new Subsidiary shall automatically and immediately, and without any further action on the part of any Person, become an "Obligor" for all purposes of this Agreement, and each of the Annexes hereto shall be supplemented in the manner specified in such Guarantee Assumption Agreement.

Appears in 1 contract

Sources: Security Agreement (Princeton Review Inc)

Additional Obligors. As contemplated in Section 6.09 of each the Credit Agreement, a new Subsidiary of the Borrower formed or acquired by the Borrower after the date hereof may become a "Subsidiary Guarantor" under each the Credit Agreement and an "Obligor" under this Agreement, by executing and delivering to the Collateral Administrative Agent a Guarantee Assumption Agreement in the form of Exhibit D B to each the Credit Agreement. Accordingly, upon the execution and delivery of any such Guarantee Assumption Agreement by any such Subsidiary, such new Subsidiary shall automatically and immediately, and without any further action on the part of any Person, become an "Obligor" for all purposes of this Agreement, and each of the Annexes hereto shall be supplemented in the manner specified in such Guarantee Assumption Agreement.

Appears in 1 contract

Sources: Credit Agreement (Sinclair Broadcast Group Inc)

Additional Obligors. As contemplated in Section 6.09 9.17(a) of each the Credit Agreement, a new Subsidiary of the Borrower formed or acquired by the Borrower after the date hereof may become a "Subsidiary Subsidiiary Guarantor" under each the Credit Agreement and an "Obligor" under this Agreement, by executing and delivering to the Collateral Administrative Agent a Guarantee Assumption Agreement in the form of Exhibit D C to each the Credit Agreement. Accordingly, upon the execution and delivery of any such Guarantee Assumption Agreement by any such Subsidiary, such new Subsidiary shall automatically and immediately, and without any further action on the part of any Person, become an "Obligor" for all purposes of this Agreement, and each of the Annexes hereto shall be supplemented in the manner specified in such Guarantee Assumption Agreement.

Appears in 1 contract

Sources: Security Agreement (International Telecommunication Data Systems Inc)

Additional Obligors. As contemplated in Section 6.09 of each Credit the Loan Agreement, a new Subsidiary of the Borrower formed or acquired by the Borrower after the date hereof may become a "Subsidiary Guarantor" under each Credit the Loan Agreement and an "Obligor" under this Agreement, by executing and delivering to the Collateral Administrative Agent a Guarantee Assumption Agreement in the form of Exhibit D C to each Credit the Loan Agreement. Accordingly, upon the execution and delivery of any such Guarantee Assumption Agreement by any such Subsidiary, such new Subsidiary shall automatically and immediately, and without any further action on the part of any Person, become an "Obligor" for all purposes of this Agreement, and each of the Annexes hereto shall be supplemented in the manner specified in such Guarantee Assumption Agreement.

Appears in 1 contract

Sources: Security Agreement (Student Advantage Inc)

Additional Obligors. As contemplated in Section 6.09 6.10 of each the Credit Agreement, a new Subsidiary of the Borrower formed or acquired by the Borrower after the date hereof may become a "Subsidiary Guarantor" under each the Credit Agreement and an "Obligor" under this Agreement, by executing and delivering to the Collateral Administrative Agent a Guarantee Assumption Agreement in the form of Exhibit D to each the Credit Agreement. Accordingly, upon the execution and delivery of any such Guarantee Assumption Agreement by any such Subsidiary, such new Subsidiary shall automatically and immediately, and without any further action on the part of any Person, become an "Obligor" for all purposes of this Agreement, and each of the Annexes hereto shall be supplemented in the manner specified in such Guarantee Assumption Agreement.

Appears in 1 contract

Sources: Credit Agreement (Chart Industries Inc)

Additional Obligors. As contemplated in Section 6.09 5.11(a) of each the Credit Agreement, a new Subsidiary of the Borrower formed or acquired by the Borrower after the date hereof may become a "Subsidiary Guarantor" under each Credit the Guarantee Agreement and an "Obligor" under this Agreement, Agreement and the Intercreditor and Collateral Trust Agreement by executing and delivering to the Administrative Agent and the Collateral Agent Trustee a Guarantee Assumption Agreement in the form of Exhibit D F to each the Credit Agreement. Accordingly, upon the execution and delivery of any such Guarantee Assumption Agreement by any such Subsidiary, such new Subsidiary shall automatically and immediately, and without any further action on the part of any Person, become an "Obligor" for all purposes of this Agreement, and each of the Annexes hereto shall be supplemented in the manner specified in such Guarantee Assumption Agreement.

Appears in 1 contract

Sources: Shared Security Agreement (Panamsat Corp /New/)

Additional Obligors. As contemplated in Section 6.09 of each the Credit Agreement, a new Subsidiary Subsidiaries of the Borrower acquired or formed or acquired by the Borrower after the date hereof may become a "Subsidiary Guarantor" under each the Credit Agreement and an "Obligor" under this Agreement, by executing and delivering to the Collateral Administrative Agent a Guarantee Assumption Agreement in the form of Exhibit D C to each the Credit Agreement. Accordingly, upon the execution and delivery of any such Guarantee Assumption Agreement by any such Subsidiary, such new Subsidiary shall automatically and immediately, and without any further action on the part of any Person, become an "Obligor" for all purposes of this Agreement, and each of the Annexes Annex 1 hereto shall be supplemented in the manner specified in such Guarantee Assumption Agreement.

Appears in 1 contract

Sources: Credit Agreement (Constellation Brands, Inc.)

Additional Obligors. As contemplated in Section 6.09 5.11(a) of each the Credit Agreement, a new Subsidiary of the Borrower formed or acquired by the Borrower after the date hereof may become a "Subsidiary Guarantor" under each Credit the Guarantee Agreement and an "Obligor" under this Agreement, Agreement by executing and delivering to the Administrative Agent and the Collateral Agent Trustee a Guarantee Assumption Agreement in the form of Exhibit D F to each the Credit Agreement. Accordingly, upon the execution and delivery of any such Guarantee Assumption Agreement by any such Subsidiary, such new Subsidiary shall automatically and immediately, and without any further action on the part of any Person, become an "Obligor" for all purposes of this Agreement, and each of the Annexes hereto shall be supplemented in the manner specified in such Guarantee Assumption Agreement.

Appears in 1 contract

Sources: Lender Security Agreement (Panamsat Corp /New/)