Borrower Subsidiaries. If the Borrower forms or acquires any subsidiaries ("Subsidiaries"), at the Lenders' request, the Borrower agrees to (i) cause the Subsidiaries to guarantee the Obligations and (ii) pledge the stock of the Subsidiaries to the Lenders.
Appears in 3 contracts
Sources: Loan and Security Agreement (Directrix Inc), Loan Agreement (Directrix Inc), Loan and Security Agreement (Directrix Inc)