Common use of Treatment of Subsidiaries Prior to Joinder Clause in Contracts

Treatment of Subsidiaries Prior to Joinder. Each Subsidiary of Holdings that is required to be joined as a Credit Party pursuant to Section 9.12 shall, from the time of the requirement that such Subsidiary be joined as a Credit Party pursuant to Section 9.12 until the completion of such joinder, be deemed for the purposes of Article 10 of this Agreement to be a Credit Party from and after the date of formation or acquisition of such subsidiary; provided that this Section 1.07 shall only apply to the extent such Subsidiary is actually subsequently joined as a Credit Party pursuant to Section 9.12.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Custom Truck One Source, Inc.), Revolving Credit Agreement (Custom Truck One Source, Inc.)

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Treatment of Subsidiaries Prior to Joinder. Each Subsidiary of Holdings that is required to be joined as a Credit Party pursuant to Section 9.12 shall, from the time of the requirement that such Subsidiary be joined as a Credit Party pursuant to Section 9.12 until the completion of such joinder, be deemed for the purposes of Article Section 10 of this Agreement to be a Credit Party from and after the date of formation or acquisition of such subsidiarySubsidiary; provided that this Section 1.07 1.06 shall only apply to the extent such Subsidiary is actually subsequently joined as a Credit Party pursuant to Section 9.129.12 in compliance with the requirements thereunder.

Appears in 2 contracts

Samples: Term Loan Credit Agreement (Vertiv Holdings Co), Term Loan Credit Agreement (Vertiv Holdings Co)

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Treatment of Subsidiaries Prior to Joinder. Each Subsidiary of Holdings that is required to be joined as a Credit Party pursuant to Section 9.12 shall, from the time of the requirement that such Subsidiary be joined as a Credit Party pursuant to Section 9.12 until the completion of such joinder, be deemed for the purposes of Article Section 10 of this Agreement to be a Credit Party from and after the date of formation or acquisition of such subsidiarySubsidiary; provided that this Section 1.07 1.06 shall only apply to the extent such Subsidiary is actually subsequently joined as a Credit Party pursuant to Section 9.129.12 in compliance with the requirements thereunder. Section 2.

Appears in 1 contract

Samples: Credit Agreement (Vertiv Holdings Co)

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