Common use of Guaranty Requirement Clause in Contracts

Guaranty Requirement. Prior to the Investment Grade Release or during any Collateral Period, to the extent necessary to satisfy the Guaranty Requirement, the Borrower shall cause each Eligible Subsidiary that is not already a Guarantor to become a Guarantor and deliver or cause to be delivered to the Administrative Agent the applicable Subsidiary Guaranty and Pledge Documents on or prior to the earlier of the following dates (or such later date as the Administrative Agent may agree): (i) the Collateral Trigger Date; and (ii) not later than the thirtieth (30th) day following the delivery of a Compliance Certificate pursuant to Section 9.3.