Common use of Required Subsidiary Guarantors Clause in Contracts

Required Subsidiary Guarantors. (a) If on the Closing Date any Subsidiary guarantees any Indebtedness of the Borrower in an aggregate principal amount of $20,000,000 or more, then such Subsidiary shall execute the Subsidiary Guarantee and deliver it to the Administrative Agent on the Closing Date. If, after the Closing Date, any Subsidiary that is not already a Subsidiary Guarantor guarantees any Indebtedness of the Borrower in an aggregate principal amount of $20,000,000 or more, then such Subsidiary shall become a guarantor of the Obligations by executing the Subsidiary Guarantee, or a supplement thereto in the form specified therein, and delivering it to the Administrative Agent within 10 Business Days of the date on which it guaranteed such Indebtedness (or such later date as agreed to by the Administrative Agent), together with such other additional closing documents, certificates and legal opinions (which may be opinions of in-house counsel) as shall reasonably be requested by the Administrative Agent. In connection with the initial execution and delivery of the Subsidiary Guarantee, the Borrower shall execute and deliver a counterpart thereof to the Administrative Agent.

Required Subsidiary Guarantors. (a) If on the Closing Funding Date any Subsidiary guarantees (i) any Indebtedness under the Existing Credit Agreement (or any refinancing thereof) or (ii) any other Indebtedness of the Borrower in an aggregate principal amount of $20,000,000 or more, then then, in each case, such Subsidiary shall execute the a Subsidiary Guarantee Guaranty and deliver it to the Administrative Agent on the Closing Funding Date. If, after the Closing Funding Date, any Subsidiary that is not already a Subsidiary Guarantor Loan Party guarantees (i) any Indebtedness under the Existing Credit Agreement (or any refinancing thereof) or (ii) any other Indebtedness of the Borrower in an aggregate principal amount of $20,000,000 or more, then then, in each case, such Subsidiary shall become a guarantor of the Obligations by executing the a Subsidiary Guarantee, or a supplement thereto in the form specified therein, Guaranty and delivering it to the Administrative Agent within 10 ten (10) Business Days of the date on which it guaranteed such Indebtedness (or such later date as agreed to by the Administrative Agent), together with such other additional closing documents, certificates and legal opinions (which may be opinions of in-house counsel) as shall reasonably be requested by the Administrative Agent. In connection with the initial execution and delivery of the Subsidiary Guarantee, the Borrower shall execute and deliver a counterpart thereof to the Administrative Agent.