Common use of Discretionary Guarantors Clause in Contracts

Discretionary Guarantors. At any time after the Closing Date, the Borrowers may elect to add a Group Member that is an Excluded Subsidiary or any other Person reasonably satisfactory to the Collateral Agent to be added as an additional guarantor and a Loan Party (a “Discretionary Guarantor”) as follows:

Appears in 1 contract

Sources: Credit Agreement (Herbalife Ltd.)

Discretionary Guarantors. At any time after the Closing Date, the Borrowers Mid-Holdings may elect to add a Group Member that is an Excluded Subsidiary or any other Person reasonably satisfactory to the Collateral Agent to be added as an additional guarantor and a Loan Party (a “Discretionary Guarantor”) as follows:

Appears in 1 contract

Sources: Abl Credit Agreement (Forterra, Inc.)