Common use of Additional Restricted Subsidiaries Clause in Contracts

Additional Restricted Subsidiaries. Pursuant to Section 6.11 of the Credit Agreement, certain Restricted Subsidiaries of the Loan Parties that were not in existence or not Restricted Subsidiaries on the date of the Credit Agreement are required to enter in this Agreement as Grantors upon becoming Restricted Subsidiaries. In addition, certain Restricted Subsidiaries of the Loan Parties that are not required under the Credit Agreement to enter in this Agreement as Grantors may elect to do so at their option. Upon execution and delivery by the Collateral Agent and a Restricted Subsidiary of a Security Agreement Supplement, such Restricted Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any such instrument shall not require the consent of any other Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor as a party to this Agreement.

Appears in 6 contracts

Samples: Security Agreement (Casa Systems Inc), Security Agreement (Casa Systems Inc), Security Agreement (M/a-Com Technology Solutions Holdings, Inc.)

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Additional Restricted Subsidiaries. Pursuant to Section 6.11 of the Credit Agreement, certain Restricted Subsidiaries of the Loan Parties that were not in existence or not Restricted Subsidiaries on the date of the Credit Agreement are required to enter in this Agreement as Grantors Guarantors upon becoming a Restricted SubsidiariesSubsidiary. In addition, certain Restricted Subsidiaries of the Loan Parties that are not required under the Credit Agreement to enter in this Agreement as Grantors Guarantors may elect to do so at their option. Upon execution and delivery by the Collateral Administrative Agent and a Restricted Subsidiary of a Security Agreement Guaranty Supplement, such Restricted Subsidiary shall become a Grantor Guarantor hereunder with the same force and effect as if originally named as a Grantor Guarantor herein. The execution and delivery of any such instrument shall not require the consent of any other Grantor Loan Party hereunder. The rights and obligations of each Grantor Loan Party hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor Loan Party as a party to this Agreement.

Appears in 4 contracts

Samples: Credit Agreement (Bright Horizons Family Solutions Inc.), Security Agreement (M/a-Com Technology Solutions Holdings, Inc.), Security Agreement (Casa Systems Inc)

Additional Restricted Subsidiaries. Pursuant to Section 6.11 of the Credit Agreement, certain Restricted Subsidiaries of the Loan Parties Parent Borrower that were not in existence or existence, were not Restricted Subsidiaries or were Excluded Subsidiaries on the date of the Credit Agreement are required to enter in this Agreement as Grantors upon becoming Restricted Subsidiaries. In addition, certain Restricted Subsidiaries of the Loan Parties that are not required under the Credit Agreement or upon ceasing to enter in this Agreement as Grantors may elect to do so at their option. Upon be Excluded Subsidiaries by execution and delivery by the Collateral Agent and a Restricted Subsidiary of a Security Agreement SupplementSupplement in the form of Exhibit I hereto by the Administrative Agent and such Restricted Subsidiary. Upon such execution and delivery, such Restricted Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any such instrument shall not require the consent of any other Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor as a party to this Agreement.

Appears in 3 contracts

Samples: Pledge and Security Agreement (LVB Acquisition, Inc.), Pledge and Security Agreement (Biolectron, Inc.), Pledge and Security Agreement (Ebi, LLC)

Additional Restricted Subsidiaries. Pursuant to Section 6.11 of the Credit Agreement, certain Restricted Subsidiaries of the Loan Parties Borrower that were not in existence or existence, were not Restricted Subsidiaries or were Excluded Subsidiaries on the date of the Credit Agreement are required to enter in this Agreement as Grantors upon becoming Restricted Subsidiaries. In addition, certain Restricted Subsidiaries of the Loan Parties that are not required under the Credit Agreement or upon ceasing to enter in this Agreement as Grantors may elect to do so at their option. Upon be Excluded Subsidiaries by execution and delivery by the Collateral Agent and a Restricted Subsidiary of a Security Agreement SupplementSupplement in the form of Exhibit I hereto by the Administrative Agent and such Restricted Subsidiary. Upon such execution and delivery, such Restricted Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any such instrument shall not require the consent of any other Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor as a party to this Agreement.

Appears in 3 contracts

Samples: Pledge and Security Agreement (Sabre Corp), Converting Term Lender (Sabre Corp), Converting Term Lender (Sabre Corp)

Additional Restricted Subsidiaries. Pursuant to Section 6.11 of the Credit Agreement and/or the equivalent provision of any Permitted Debt Offering Agreement, certain Restricted Subsidiaries of the Loan Parties that were not in existence or not Restricted Subsidiaries on the date of the Credit Agreement and/or the applicable Permitted Debt Offering Agreement are required to enter in into this Agreement as Grantors upon becoming Restricted Subsidiaries. In addition, certain Restricted Subsidiaries of the Loan Parties that are not required under the Credit Agreement to enter in this Agreement as Grantors may elect to do so at their option. Upon execution and delivery by the Collateral Agent and a Restricted Subsidiary of a Security Agreement Supplement, such Restricted Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any such instrument shall not require the consent of any other Grantor Loan Party hereunder. The rights and obligations of each Grantor Loan Party hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor Loan Party as a party to this Agreement.

Appears in 2 contracts

Samples: Security Agreement (Nielsen CO B.V.), Security Agreement (Nielsen Holdings B.V.)

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Additional Restricted Subsidiaries. Pursuant to Section 6.11 of the Credit Agreement, certain Restricted Subsidiaries of the Loan Parties that were not in existence or not Restricted Subsidiaries on the date of the Credit Agreement are required to enter in this Agreement as Grantors upon becoming Restricted Subsidiaries. In addition, certain Restricted Subsidiaries of the Loan Parties that are not required under the Credit Agreement to enter in this Agreement as Grantors may elect to do so at their option. Upon execution and delivery by the Collateral Agent and a Restricted Subsidiary of a Security Agreement Supplement, such Restricted Subsidiary shall become a Grantor Subsidiary Party hereunder with the same force and effect as if originally named as a Grantor Subsidiary Party herein. The execution and delivery of any such instrument shall not require the consent of any other Grantor Loan Party hereunder. The rights and obligations of each Grantor Loan Party hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor Loan Party as a party to this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Bloomin' Brands, Inc.)

Additional Restricted Subsidiaries. Pursuant to Section 6.11 of the Credit Agreement, certain Restricted Subsidiaries of the Loan Parties that were not in existence or not Restricted Subsidiaries on the date of the Credit Agreement are required to enter in this Agreement as Grantors Subsidiary Parties upon becoming a Restricted SubsidiariesSubsidiary. In addition, certain Restricted Subsidiaries of the Loan Parties that are not required under the Credit Agreement to enter in this Agreement as Grantors Subsidiary Parties may elect to do so at their option. Upon execution and delivery by the Collateral Administrative Agent and a Restricted Subsidiary of a Security Guarantee Agreement Supplement, such Restricted Subsidiary shall become a Grantor Subsidiary Party hereunder with the same force and effect as if originally named as a Grantor Subsidiary Party herein. The execution and delivery of any such instrument shall not require the consent of any other Grantor Loan Party hereunder. The rights and obligations of each Grantor Loan Party hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor Loan Party as a party to this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Bloomin' Brands, Inc.)

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