Common use of Additional Issuers Clause in Contracts

Additional Issuers. (a) Subject to compliance with the provisions of paragraphs (c) and (d) of Clause 23.9 (“Know your customer” checks), the Company may request that any of its wholly owned Subsidiaries becomes an Additional Issuer. That Subsidiary shall become an Issuer under a Facility if: (i) all the Noteholders under the relevant Facility approve the addition of that Subsidiary as an Issuer; (ii) the Company and that Subsidiary deliver to the Agent a duly completed and executed Accession Deed; (iii) the Subsidiary is (or becomes) a Guarantor prior to (or simultaneously with) becoming an Issuer; and (iv) the Agent has received all of the documents and other evidence listed in Part 2 (Conditions Precedent required to be delivered by an Additional Obligor) of Schedule 2 (Conditions Precedent) in relation to that Additional Issuer, each in form and substance satisfactory to the Agent (acting reasonably). |EU-DOCS\34803319.2|| (b) The Agent shall notify the Company and the Noteholders promptly upon being satisfied that it has received (in form and substance satisfactory to it) all the documents and other evidence listed in Part 2 of Schedule 2 (Conditions Precedent).

Appears in 1 contract

Sources: Notes Purchase Agreement (Membership Collective Group Inc.)

Additional Issuers. (a) Subject to compliance with the provisions of paragraphs (c) and (d) of Clause 23.9 (“Know your customer” checks), the Company may request that any of its wholly owned Subsidiaries becomes an Additional Issuer. That Subsidiary shall become an Issuer under a Facility if: (i) all the Noteholders under the relevant Facility approve the addition of that Subsidiary as an Issuer; (ii) the Company and that Subsidiary deliver to the Agent a duly completed and executed Accession Deed; (iii) the Subsidiary is (or becomes) a Guarantor prior to (or simultaneously with) becoming an Issuer; and (iv) the Agent has received all of the documents and other evidence listed in Part 2 (Conditions Precedent required to be delivered by an Additional Obligor) of Schedule 2 (Conditions Precedent) in relation to that Additional Issuer, each in form and substance satisfactory to the Agent (acting reasonably). |EU-DOCS\34803319.2||. (b) The Agent shall notify the Company and the Noteholders promptly upon being satisfied that it has received (in form and substance satisfactory to it) all the documents and other evidence listed in Part 2 of Schedule 2 (Conditions Precedent).

Appears in 1 contract

Sources: Notes Purchase Agreement (Membership Collective Group Inc.)