Common use of Additional Clients Clause in Contracts

Additional Clients. Each Client may request that any of its wholly owned Subsidiaries which is not a Dormant Subsidiary becomes a Client. That Subsidiary shall become a Client if: (a) FGI approves the addition of that Subsidiary as an Additional Client; (b) the relevant Client and the proposed Additional Client deliver to FGI a duly completed and executed Accession Deed; (c) the proposed Additional Client is already (or becomes) a Security Obligor at the time it becomes a Client; (d) the relevant Client confirms that no Termination Event is continuing or would occur as a result of that Subsidiary becoming an Additional Client; and (e) FGI has received all of the documents and other evidence listed in part B of Schedule 1(Conditions precedent)I in relation to that Additional Client, each in form and substance satisfactory to FGI.