Common use of Facility Guaranty Clause in Contracts

Facility Guaranty. The Borrower shall cause the Facility Guaranty to be delivered on or before the Closing Date by each Domestic Subsidiary, in form and substance reasonably acceptable to the Agent. The Borrower hereby agrees to cause a Facility Guaranty to be delivered by any hereafter acquired, created or arising (i) Domestic Subsidiary and (ii) Foreign Subsidiary to the extent such action would not result in any material adverse tax impact on the Borrower.

Facility Guaranty. The Borrower shall cause the Facility Guaranty to be delivered on or before the Closing Date by each Domestic Subsidiary, in form and substance reasonably acceptable to the Agent. The Borrower hereby agrees to cause a Facility Guaranty to be delivered by any hereafter acquired, created or arising (i) Domestic Subsidiary and (ii) Foreign Subsidiary to the extent such action would not result in any material adverse tax impact on the Borrower.