Common use of Additional Beneficiaries Clause in Contracts

Additional Beneficiaries. If, at any time, a Subsidiary of the Company notifies the Guarantor that it wishes to become a Beneficiary of this Guarantee and the Guarantor so consents, each of the Guarantor and such Subsidiary shall execute and deliver an Undertaking to each Party. Upon the execution and delivery of such Undertaking by the Guarantor and such Subsidiary, such Subsidiary shall constitute an Additional Beneficiary, all references herein to the Beneficiaries shall be deemed to include such Additional Beneficiary and such Additional Beneficiary shall be a Beneficiary hereunder as if it were an original party to this Guarantee.