Common use of Additional Material Subsidiaries Clause in Contracts

Additional Material Subsidiaries. If any consolidated Subsidiary of the Borrower (other than a New Subsidiary to the extent addressed in Section 7.2(K)(i) above) becomes a Material Subsidiary, the Borrower shall or shall cause its applicable parent Subsidiary as promptly as possible (but in any event within sixty (60) days following the date on which such Subsidiary becomes a Material Subsidiary) to (a) execute a Pledge Agreement with respect to one hundred percent (100%) of the Capital Units of such Material Subsidiary, and (b) in each case, deliver and cause each such parent Subsidiary and Material Subsidiary, as appropriate, to deliver corporate or similar resolutions, opinions of counsel, stock certificates, stock powers and such other corporate documentation as the Administrative Agent may reasonably request, all in form and substance reasonably satisfactory to the Administrative Agent.