Common use of Springing Guarantees Clause in Contracts

Springing Guarantees. In the event that the Borrower determines that any Restricted Subsidiary is a Material Domestic Subsidiary, the Borrower shall promptly cause such Restricted Subsidiary to guarantee the Indebtedness pursuant to the Guaranty Agreement. In connection with any such guaranty, the Borrower shall, or shall cause such Restricted Subsidiary to, execute and deliver a supplement to the Guaranty Agreement executed by such Subsidiary and execute and deliver such other additional closing documents, certificates and legal opinions as shall reasonably be requested by the Administrative Agent.

Springing Guarantees. In the event that the Borrower determines that any Restricted Subsidiary is a Material Domestic SubsidiarySubsidiary (including pursuant to a Division), the Borrower shall promptly cause such Restricted Subsidiary to guarantee the Indebtedness pursuant to the Guaranty Agreement. In connection with any such guaranty, the Borrower shall, or shall cause such Restricted Subsidiary to, execute and deliver a supplement to the Guaranty Agreement executed by such Subsidiary and execute and deliver such other additional closing documents, certificates and legal opinions as shall reasonably be requested by the Administrative Agent.