Common use of New Significant Subsidiaries Clause in Contracts

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.

Appears in 3 contracts

Samples: Credit Agreement (Synopsys Inc), Credit Agreement (Synopsys Inc), Credit Agreement (Synopsys Inc)

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New Significant Subsidiaries. With respect to any new Significant Subsidiary created or acquired after the Original 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.

Appears in 3 contracts

Samples: Credit Agreement (Synopsys Inc), Guarantee Agreement (Synopsys Inc), Credit Agreement (Synopsys Inc)

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