Common use of Subsidiary Guarantors Clause in Contracts

Subsidiary Guarantors. In the event that any Obligor shall form or acquire any new Domestic Subsidiary (other than an Excluded Asset), the Borrower will cause such new Subsidiary to become a “Subsidiary Guarantor” (and, thereby, an “Obligor”) under a Guarantee Assumption Agreement and to deliver such proof of corporate or other action, incumbency of officers, opinions of counsel and other documents as is consistent with those delivered by the Borrower pursuant to Section 4.01 upon the Restatement Effective Date or as the Administrative Agent shall have requested.

Subsidiary Guarantors. In the event that any Obligor Loan Party shall form or acquire any new wholly-owned Domestic Subsidiary (other than an Excluded AssetSubsidiary), the Borrower will cause such new Subsidiary to become a “Subsidiary Guarantor” (and, thereby, an a “ObligorLoan Party”) under a Guarantee Assumption Agreement and to deliver such proof of corporate or other action, incumbency of officers, opinions of counsel and other documents as is consistent with those delivered by the Borrower pursuant to Section 4.01 upon the Restatement Effective Date or as the Administrative Agent shall have reasonably requested.

Subsidiary Guarantors. In the event that the Borrower or any Obligor of its Subsidiaries shall form or acquire any new Domestic Subsidiary (other than an Excluded Asseta Financing Subsidiary), the Borrower will cause such new Subsidiary to become a “Subsidiary Guarantor” (and, thereby, an “Obligor”) under a the Guarantee Assumption Agreement and to deliver such proof of corporate or other action, incumbency of officers, opinions of counsel and other documents as is consistent with those delivered by the Borrower pursuant to Section 4.01 upon the Restatement Effective Date or as the Administrative Agent shall have requested.

Subsidiary Guarantors. In the event that the Borrower or any other Obligor shall form or acquire any new Domestic Subsidiary (other than an Excluded Assetany Designated Subsidiary or any Immaterial Subsidiary), the Borrower will cause such new Subsidiary to become a “Subsidiary Guarantor” (and, thereby, an “Obligor”) under a the Guarantee Assumption Agreement and to deliver such proof of corporate or other action, incumbency of officers, opinions of counsel and other documents as is consistent with those delivered by the Borrower pursuant to Section 4.01 upon the Restatement Effective Closing Date or as the Administrative Agent shall have reasonably requested.

Subsidiary Guarantors. In the event that the Borrower or any Obligor of its Subsidiaries shall form or acquire any new Domestic Subsidiary (other than an Excluded Asseta Financing Subsidiary), the Borrower will cause such new Subsidiary to become a “Subsidiary Guarantor” (and, thereby, an “Obligor”) under a the Guarantee Assumption Agreement and to deliver such proof of corporate or other action, incumbency of officers, opinions of counsel and other documents as is consistent with those delivered by the Borrower pursuant to Section 4.01 upon the Restatement Effective Date or as the Administrative Agent shall have requested.

Subsidiary Guarantors. In the event that any Obligor shall form or acquire any new Domestic Subsidiary (other than an Excluded Asseta Designated Subsidiary), the Borrower will cause such new Subsidiary to become a “Subsidiary Guarantor” (and, thereby, an “Obligor”) under a the Guarantee Assumption Agreement and to deliver such proof of corporate or other action, incumbency of officers, opinions of counsel and other documents as is consistent with those delivered by the Borrower pursuant to Section 4.01 upon the Restatement Effective Date or as the Administrative Agent shall have requested.

Subsidiary Guarantors. In the event that the Borrower or any Obligor of its Subsidiaries shall form or acquire any new Domestic Subsidiary (other than an Excluded Assetincluding any Equity Subsidiary or REO Subsidiary), the Borrower will cause such new Subsidiary to become a “Subsidiary Guarantor” (and, thereby, an a “ObligorCredit Party”) under a Guarantee Assumption Agreement and to deliver such proof of corporate or other action, incumbency of officers, opinions of counsel and other documents as is consistent with those delivered by the Borrower a Guarantor pursuant to Section 4.01 upon the Restatement Effective Closing Date or as the Administrative Agent shall have reasonably requested.

Subsidiary Guarantors. In the event that the Borrower or any Obligor of its Subsidiaries shall form or acquire any new Domestic Subsidiary (other than an Excluded Asset), a Financing Subsidiary) the Borrower will cause such new Subsidiary to become a “"Subsidiary Guarantor” " (and, thereby, an “"Obligor”") under the Guarantee and Security Agreement pursuant to a Guarantee Assumption Agreement and to deliver such proof of corporate or other action, incumbency of officers, opinions of counsel and other documents as is consistent with those delivered by the Borrower pursuant to Section 4.01 upon the Restatement Effective Date or as the Administrative Agent shall have requested.