9Future Subsidiaries Clause Samples

9Future Subsidiaries. Promptly (and in any event within 30 days) notify Agent if any Person becomes a Subsidiary (other than an Excluded Subsidiary) or any Subsidiary ceases to be an Excluded Subsidiary, and deliver any know-your customer or other background diligence information requested by Agent or any Lender with respect to such Subsidiary; and cause it to become a “Borrower” or “Guarantor” under this Agreement and to guaranty and grant Liens securing the Obligations, in each case in a manner reasonably satisfactory to Agent, and to execute and deliver such documents, instruments and agreements and to take such other actions as Agent shall require to evidence and perfect a Lien in favor of Agent on all assets of such Person of a type intended to constitute Collateral under the Loan Documents, including, if requested by Agent, delivery of legal opinions in form and substance reasonably satisfactory to Agent. Notwithstanding the foregoing, (a) only Subsidiaries organized under the laws of the U.S. or the U.K. may become Borrowers hereunder, and any other Subsidiary that is required to become an Obligor hereunder shall join as a Guarantor, and (b) no Subsidiary may be joined as a Borrower until completion of Agent’s due diligence to its reasonable satisfaction and of Agent’s and each Lender’s compliance procedures for applicable “know your customer” and anti-money laundering rules.