Examples of Guarantee and Collateral Agreement Supplement in a sentence
Any Subsidiary may become a party hereto by signing and delivering to the Administrative Agent a Guarantee and Collateral Agreement Supplement, whereupon such Subsidiary shall become a “Guarantor” and a “Grantor” as defined herein.
Each Subsidiary of the Borrowers that is required to become a party to this Agreement pursuant to Section 6.11 of the Credit Agreement shall become a Grantor for all purposes of this Agreement upon execution and delivery by such Subsidiary of a Guarantee and Collateral Agreement Supplement in the form of Annex 1 hereto.
Any such Subsidiary becoming a party to this Agreement pursuant to this Section will enter into this Agreement in the capacity or capacities (and only capacity or capacities) set forth on the signature page to such Guarantee and Collateral Agreement Supplement.
This Guarantee and Collateral Agreement Supplement shall be construed in accordance with and governed by the laws of the State of New York.
Concurrently with delivering this Guarantee and Collateral Agreement Supplement to the Administrative Agent, the Grantor is complying with the provisions of Section 7 of the Security Agreement with respect to Investment Property, in each case if and to the extent included in the New Collateral at such time.