Common use of New Guarantors Clause in Contracts

New Guarantors. Each Domestic Subsidiary of the Borrower (other than a Securitization Entity) shall become a Guarantor and execute and deliver to the Administrative Agent (i) a guaranty substantially in the form of Exhibit G hereto and (ii) a joinder to the applicable Security Documents, and shall accede to all of the rights and obligations of a Guarantor hereunder and thereunder, and, pursuant thereto, shall, inter alia, guaranty the full payment and performance of the Obligations. Furthermore, the Borrower and each such Domestic Subsidiary of the Borrower (other than a Securitization Entity) shall execute and deliver to the Administrative Agent such other documentation as the Administrative Agent may reasonably request in furtherance of the intent of this §8.16, including, without limitation, an updated Schedule 7.19, documentation of the type required to be supplied by the Borrower and CAI as a condition precedent to the initial Revolving Credit Loans made hereunder pursuant to §11 hereof (including, without limitation, Uniform Commercial Code searches and filings and favorable opinions of counsel to such new Guarantor (which shall cover, among other things, the legality, validity, binding effect and enforceability) and documentation of the type required or reasonably requested to maintain compliance with §§6.1 and 6.2.

New Guarantors. Each Domestic Subsidiary of the Borrower (other than a Securitization Entity) shall become a Guarantor and execute and deliver to the Administrative Agent (i) a guaranty substantially in the form of Exhibit G hereto and (ii) a joinder to the applicable Security Documents, and shall accede to all of the rights and obligations of a Guarantor hereunder and thereunder, and, pursuant thereto, shall, inter alia, guaranty the full payment and performance of the Obligations. Furthermore, the Borrower and each such Domestic Subsidiary of the Borrower (other than a Securitization Entity) shall execute and deliver to the Administrative Agent such other documentation as the Administrative Agent may reasonably request in furtherance of the intent of this §8.16, including, without limitation, an updated Schedule 7.197.19(a), documentation of the type required to be supplied by the Borrower and CAI as a condition precedent to the initial Revolving Credit Loans made hereunder pursuant to §11 hereof (including, without limitation, Uniform Commercial Code searches and filings and favorable opinions of counsel to such new Guarantor (which shall cover, among other things, the legality, validity, binding effect and enforceability) and documentation of the type required or reasonably requested to maintain compliance with §§6.1 and 6.2.