Common use of Acceding Borrowers Clause in Contracts

Acceding Borrowers. 3.5.1 The Original Borrower may request that any of its direct wholly owned Material Subsidiaries who is a member of the Restricted Group becomes an Acceding Borrower, by delivering to the Agent a Deed of Borrower Accession duly executed by the Original Borrower and such Subsidiary, together with the documents and evidence listed in part B of schedule 3 applicable to such Subsidiary and the Original Borrower.

Appears in 2 contracts

Sources: Loan Agreement (Global Telesystems Inc), Loan Agreement (Global Telesystems Europe B V)

Acceding Borrowers. 3.5.1 The Original Borrower may request that any of its direct wholly owned Material Subsidiaries who is a member of the Restricted Group becomes an Acceding Borrower, by delivering to the Agent a Deed of Borrower Accession duly executed by the Original Borrower and such Subsidiary, together with the documents and evidence listed in part B of schedule 3 applicable to such Subsidiary and the Original Borrower.

Appears in 1 contract

Sources: Supplemental Agreement (Global Telesystems Inc)