Common use of Additional Material Subsidiaries Clause in Contracts

Additional Material Subsidiaries. If at any time a Borrower establishes or acquires a Material Subsidiary, such Borrower shall immediately cause such Material Subsidiary to become a guarantor by entering into a guarantee in substantially the same form as the guarantee referred to in Section 6.1(a) above and deliver other security documents similar to those referred to in Section 6.1, which documents shall be Security Documents for the purpose hereof, and cause the delivery of such legal opinions, and other supporting documents as the Credit Facility Lenders may reasonably require and such Material Subsidiary shall be subject to all of the terms of this Agreement applicable to a Material Subsidiary.

Appears in 2 contracts

Sources: Credit Agreement (Quebecor Media Inc), Credit Agreement (Quebecor Media Inc)