Common use of Joinder of Additional Guarantors Clause in Contracts

Joinder of Additional Guarantors. The Pledgors shall cause each Subsidiary of the Borrower which, from time to time, after the date hereof shall be required to pledge any assets to the Administrative Agent for the benefit of the Secured Parties pursuant to the provisions of Sections 5.10 and 5.12 of the Credit Agreement, to execute and deliver to the Administrative Agent a joinder agreement in the form of Exhibit 1.1(c) to the Credit Agreement.

Appears in 6 contracts

Sources: Security Agreement (Carrols Restaurant Group, Inc.), Security Agreement, First Lien Security Agreement

Joinder of Additional Guarantors. The Pledgors shall cause each Subsidiary of the Borrower Pledgor which, from time to time, after the date hereof shall be required to pledge any assets to the Administrative Agent for the benefit of the respective Secured Parties pursuant to the provisions of Sections 5.10 and 5.12 of the Credit Agreement, (a) to execute and deliver to the Administrative Agent (i) a joinder agreement in the form of Exhibit 1.1(c) to the Credit Agreement.Joinder Agreement within fifteen

Appears in 1 contract

Sources: Security Agreement