Common use of Additional Creditors Clause in Contracts

Additional Creditors. Each of Universal and Rank covenants that it shall cause any of their respective Affiliates which from time to time become(s) a creditor or other obligee of the Borrower (otherwise than in respect of obligations which would not constitute Subordinated Debt) to become a party to this Agreement and bound by its terms, through the execution of an Addendum to Subordination Agreement, substantially in the form of Exhibit I hereto. The Borrower and each partner in the Borrower further agrees to cause each Person which becomes a partner in the Borrower by reason of the creation or transfer of a partnership interest by it (i) so to become a party to this Agreement and (ii) to make the undertaking set forth in the preceding sentence with respect to its Affiliates.