Common use of Group Guarantee Clause in Contracts

Group Guarantee. The Borrower shall cause each present and future Restricted Subsidiary to enter into, or accede to, the Group Guarantee, such that such Person guarantees in favour of the Administrative Agent, for the benefit of the Secured Parties, all Secured Liabilities. The obligation of a Person to accede to the Group Guarantee shall arise as soon as reasonably practicable after such Person becomes a Restricted Subsidiary. For the avoidance of doubt, any Person other than a Restricted Subsidiary may accede to the Group Guarantee and in so doing become a Credit Party.

Group Guarantee. The Borrower shall cause each present and future Restricted Subsidiary to enter into, or accede to, the Group Guarantee, such that such Person guarantees in favour of the Administrative Agent, for the benefit of the Secured Parties, ,all Secured Liabilities. The obligation of a Person to accede to the Group Guarantee shall arise as soon as reasonably practicable after such Person becomes a Restricted Subsidiary. For the avoidance of doubt, any Person other than a Restricted Subsidiary may accede to the Group Guarantee and in so doing become a Credit Party.