NEW SUBSIDIARY BORROWER Sample Clauses
NEW SUBSIDIARY BORROWER. The New Subsidiary Borrower unconditionally and irrevocably accepts, adheres to, and becomes party to and bound as a "Subsidiary Borrower" under the Existing Credit Agreement, as fully if the New Subsidiary Borrower had been signatory to the Existing Credit Agreement as a "Subsidiary Borrower". In confirmation (but without limitation) of the foregoing, the New Subsidiary Borrower hereby unconditionally agrees to make prompt payment in full when due (whether at stated maturity, by acceleration or otherwise) of the principal of and interest on all obligations under the Revolving Credit Note to which it is the primary obligor and on all of the Guarantied Obligations.
NEW SUBSIDIARY BORROWER. (a) Under the Amended Credit Agreement, the Lenders have agreed, upon the terms and subject to the conditions therein set forth, to make Loans to certain Subsidiary Borrowers, and the Company and LKQ Europe GmbH, a Swiss limited liability company (Gesellschaft mit beschränkter Haftung) (the “New Subsidiary Borrower”), desire that the New Subsidiary Borrower become a Subsidiary Borrower under the Amended Credit Agreement. In addition, the New Subsidiary Borrower hereby authorizes the Company to act on its behalf as and to the extent provided for in Article II of the Amended Credit Agreement. The New Subsidiary Borrower is hereby designated as a Foreign Subsidiary Borrower.
(b) Each of the Company and the New Subsidiary Borrower represents and warrants that the representations and warranties of the Company in the Amended Credit Agreement relating to the New Subsidiary Borrower and this Amendment are true and correct on and as of the date hereof, other than representations given as of a particular date, in which case they shall be true and correct as of that