Common use of Special Purpose Subsidiary Clause in Contracts

Special Purpose Subsidiary. The Borrower agrees with the Agents, the Collateral Agent and each Lender that, until all Obligations have been paid and performed in full, the Commitments have terminated and the Revolving Credit Letters of Credit have (x) expired or been returned to the Issuer or (y) been cash collateralized to the reasonable satisfaction of the Collateral Agent and the Issuer, the Borrower will, and will cause the Special Purpose Subsidiary to, perform the obligations set forth in this Section 7.1.13.

Appears in 2 contracts

Sources: Term Loan Agreement (Specialty Foods Corp), Term Loan Agreement (Specialty Foods Acquisition Corp)