Additional Guaranties and Stock Pledges. The Company --------------------------------------- will provide to the Administrative Agent for the benefit of the Lenders hereunder a Joinder Agreement providing a guaranty of the obligations under this Credit Agreement in the same form and from the same Subsidiaries and Affiliates and a pledge of stock relating thereto as provided under the Existing Credit Agreement in Section 7.11
Additional Guaranties and Stock Pledges. If a Subsidiary of the Borrower becomes a Material Subsidiary, then the Borrower will promptly notify the Bank thereof and cause such Material Subsidiary to:
Additional Guaranties and Stock Pledges. (a) By the date forty-five (45) days after any Person becomes an Active Domestic Subsidiary (or such later date as may be agreed by the Administrative Agent), (i) cause such Active Domestic Subsidiary to become a Guarantor by execution of a Joinder Agreement, (ii) deliver with the Joinder Agreement such supporting resolutions, incumbency certificates, corporate formation and organizational documentation and opinions of counsel as the Administrative Agent may reasonably request, and (iii) deliver stock certificates and related pledge agreements or pledge joinder agreements evidencing the pledge of all of the Capital Stock of such Active Domestic Subsidiary, together with undated stock transfer powers executed in blank. Notwithstanding the foregoing, any Active Domestic Subsidiary that is a Special Purpose Subsidiary shall not be required to comply with clauses (i) and (ii) of this Section 7.10(a), provided that (A) the Credit Parties shall, within forty-five (45) days after the acquisition and/or formation of such Active Domestic Subsidiary, deliver certificates representing the Capital Stock of such Active Domestic Subsidiary and related pledge agreements or pledge joinder agreements evidencing the pledge of all of the Capital Stock of such Active Domestic Subsidiary, together with undated transfer powers executed in blank, and (B) if at any time such Active Domestic Subsidiary is not deemed a Special Purpose Subsidiary, shall within forty-five (45) days thereof become a Guarantor by complying with clauses (i) and (ii) of this Section 7.10(a). Notwithstanding anything herein to the contrary, Church and Commerce, LLC, a South Carolina limited liability company, shall not be required to become a Guarantor so long as its only property is Specified Real Property.
Additional Guaranties and Stock Pledges. At any time any Person becomes a Domestic Subsidiary, the Borrower will promptly notify the Agent thereof and within 30 days of such event, (a) cause such Domestic Subsidiary to become a Guarantor hereunder by (i) execution of a Joinder Agreement, (ii) delivery of supporting resolutions, incumbency certificates, corporation formation and organizational documentation and opinions of counsel as the Agent may reasonably request, and (iii) delivery of security agreements, mortgages and other related documents (in a form acceptable to the Agent) necessary to perfect a lien on or security interest in the assets of such Domestic Subsidiary in accordance with the Credit Documents and (b) cause the 100% of the Capital Stock of such Domestic Subsidiary and of 100% of the Capital Stock of each of its Domestic Subsidiaries and 65% of the Capital Stock of each of its direct Foreign Subsidiaries having assets with a book value of $1,000,000 or more, together in each case with appropriate pledge agreements, undated transfer powers executed in blank and such opinions of counsel as the Agent may reasonably request.
Additional Guaranties and Stock Pledges. 53 7.12 Subsidiaries.....................................................54 7.12
Additional Guaranties and Stock Pledges. Section 6.6. Audits/Inspections.
Additional Guaranties and Stock Pledges. If a Subsidiary of the Borrower becomes a Material Subsidiary, then the Borrower will promptly notify the Agent thereof and cause such Material Subsidiary to:
Additional Guaranties and Stock Pledges. At any time any Person becomes a Domestic Subsidiary, the Borrower will promptly notify the Administrative Agent thereof and within 30 days of such event, cause such Domestic Subsidiary to become a Guarantor hereunder by (i) execution of a Joinder Agreement and (ii) delivery of supporting resolutions, incumbency certificates, corporation formation and organizational documentation and opinions of counsel as the Administrative Agent may reasonably request.
Additional Guaranties and Stock Pledges. (a) At any time any Person becomes a Domestic Subsidiary, shall within 30 days thereof, (i) cause such Domestic Subsidiary to become a Guarantor by execution of a Joinder Agreement, (ii) deliver with the Joinder Agreement such supporting resolutions, incumbency certificates, corporate formation and organizational documentation and opinions of counsel as the Administrative Agent may reasonably request, and (iii) deliver stock certificates and related pledge agreements or pledge joinder agreements evidencing the pledge of all of the Capital Stock of such Domestic Subsidiary, together with undated stock transfer powers executed in blank.
Additional Guaranties and Stock Pledges
