ADDITIONAL INDEMNIFIERS Sample Clauses
ADDITIONAL INDEMNIFIERS. 69 22 PAYMENTS, MANDATORY PREPAYMENT, RESERVE REQUIREMENTS AND ILLEGALITY...............................................................71 23 COMMUNICATIONS...........................................................74
ADDITIONAL INDEMNIFIERS. 20.1.1 An Indemnifier may request that any of SOSA's trading Subsidiaries becomes an Additional ▇▇▇▇▇▇ifier. That Subsidiary shall become an Additional Indemnifier upon the following conditions being satisfied:
(a) the Agent shall approve the addition of that Subsidiary as an Additional Indemnifier;
(b) the Agent shall have received a duly completed and executed Accession Agreement with respect to such Subsidiary;
(c) no Default shall be continuing or would occur as a result of that Subsidiary becoming an Additional Indemnifier; and
(d) the Agent shall have received such documents and other evidence listed in Clause 6.1 in relation to such Additional Indemnifier as the Agent shall deem appropriate, each in form and substance reasonably satisfactory to the Agent.
20.1.2 The Agent shall notify the Indemnifiers and the Issuing Banks promptly upon the provisions of Clause 20.1.1 having been satisfied with respect to an Additional Indemnifier.
