New Significant Subsidiaries. With respect to any new Significant Subsidiary created or acquired after the Closing Date by any Group Member (which, for the purposes of this Section 5.9, shall include any existing Subsidiary that becomes a Significant Subsidiary), promptly cause such new Significant Subsidiary (a) to become a party to the Guarantee Agreement and (b) to deliver to the Administrative Agent a certificate of such Subsidiary, substantially in the form of Exhibit B, with appropriate insertions and attachments.
New Significant Subsidiaries. Cause each of its Restricted Subsidiaries which hereafter becomes a Significant Subsidiary to promptly execute and deliver to the Administrative Agent an instrument of joinder to the Subsidiary Guaranty. Each Restricted Subsidiary which becomes a Significant Subsidiary by means of any Disposition to that Subsidiary or Investment made in that Subsidiary by Borrower or any of its other Significant Subsidiaries shall execute a joinder to the Subsidiary Guaranty substantially concurrently with the effectiveness of such Disposition or Investment.
New Significant Subsidiaries. Cause each of its Restricted Subsidiaries which hereafter becomes a Significant Subsidiary to execute and deliver to the Administrative Agent an instrument of joinder of the Subsidiary Guaranty, Security Agreement and the Trademark Collateral Assignment.
New Significant Subsidiaries. (a) Promptly after the date any Subsidiary of the Revolving Borrower (other than the Term Borrower and any other Subsidiary organized under the laws of Canada, Australia, New Zealand, Poland or any province, commonwealth, territory or political subdivision thereof, which was formed or acquired in connection with the acquisition of the Term Borrower and Affiliates thereof by the Revolving Borrower) becomes a Significant Subsidiary and, in any event, within three Business Days following receipt by the applicable Borrower from the Administrative Agent of a security agreement substantially in the form of the Subsidiary Security Agreements and a guaranty of the Obligations in substantially the form of the Guaranty, the applicable Borrower will cause such Subsidiary to execute and deliver such guaranty and security agreement to the Administrative Agent; PROVIDED, that at the request of the Revolving Borrower, assets or the assets of any Person that would constitute Collateral if such assets were subject to a Subsidiary Security Agreement, acquired by the Revolving Borrower in any one Approved Acquisition and securing an aggregate amount of Indebtedness not in excess of (i) $5,000,000 with respect to such Approved Acquisition and (ii) $10,000,000 in the aggregate at any time for all Approved Acquisitions, shall not be subject to the Lien of such Subsidiary Security Agreement if, after reasonable efforts, the Revolving Borrower was unable to obtain the required consent to a junior lien in favor of the Administrative Agent for the benefit of the Lenders from any Person holding a Lien on such assets.
New Significant Subsidiaries. Promptly notify the Bank of any newly formed or acquired Significant Subsidiary and cause each newly formed or acquired Significant Subsidiary to (a) execute and deliver to the Bank a Guaranty, and (b) deliver to the Bank an opinion of counsel (consistent with the opinions delivered in connection with the execution of the Guaranties) and other documentation as may be required by the Bank, in form and substance satisfactory to the Bank.
New Significant Subsidiaries. (a) Promptly after the date any Subsidiary of the Borrower (other than a Subsidiary organized under the laws of Canada or any province, commonwealth, territory or political subdivision thereof which is formed or acquired in connection with the acquisition of Vytec International Corp. and Affiliates thereof by the Borrower) becomes a Significant Subsidiary and, in any event, within three Business Days following receipt by the Borrower from the Administrative Agent of a security agreement substantially in the form of the Subsidiary Security Agreements and a guaranty of the Obligations in substantially the form of the Guaranty, the Borrower will cause such Subsidiary to execute and deliver such guaranty and security agreement to the Administrative Agent; PROVIDED, that at the request of the Borrower, assets or the assets of any Person that would constitute Collateral if such assets were subject to a Subsidiary Security Agreement, acquired by the Borrower in any one Approved Acquisition and securing an aggregate amount of Indebtedness not in excess of (i) $5,000,000 with respect to such Approved Acquisition and (ii) $10,000,000 in the aggregate at any time for all Approved Acquisitions, shall not be subject to the Lien of such Subsidiary Security Agreement if, after reasonable efforts, the Borrower was unable to obtain the required consent to a junior lien in favor of the Administrative Agent for the benefit of the Lenders from any Person holding a Lien on such assets.
New Significant Subsidiaries. (a) Promptly after the date any Subsidiary of the Revolving Borrower (other than the Term Borrower and any other Subsidiary organized under laws other than those of any state or territory of the United States of America) becomes a Significant Subsidiary and, in any event, within three Business Days following receipt by the applicable Borrower from the Administrative Agent of a guaranty of the Obligations in substantially the form of the Guaranty, the applicable Borrower will cause such Subsidiary to execute and deliver such guaranty to the Administrative Agent.
New Significant Subsidiaries. Cause each of its Subsidiaries (other than ELLC) which hereafter becomes a Significant Subsidiary (within the meaning of Article 1, Rule 1-02 of Regulation S-X, promulgated under the Securities Act of 1933, as in effect on the date hereof) to execute and deliver to the Administrative Agent an instrument of joinder of the Subsidiary Guaranty and the Subsidiary Security Agreement.
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New Significant Subsidiaries. The Borrower shall cause any new ---------------------------- Significant Subsidiaries acquired or formed after the Closing Date to execute a guaranty in favor of the Lenders (in form and substance similar to the Guaranties).
