Subsidiary Guarantors, etc. Subject to clauses (c) and (d) below, in the event that the Borrower or any of its Subsidiaries shall form or acquire any new Subsidiary, the Borrower shall promptly (and in any event within thirty (30) calendar days):
Subsidiary Guarantors, etc. In the event that the Borrower or any of its Subsidiaries shall form or acquire any new Domestic Subsidiary (other than an MSC Subsidiary), the Borrower shall promptly (and in any event within thirty (30) calendar days (subject to extensions consented to by the Administrative Agent in its sole discretion (such consent not to be unreasonably withheld, delayed or conditioned)):
Subsidiary Guarantors, etc. In the event that the Borrower or any of its Subsidiaries shall form or acquire any new Subsidiary (other than an Excluded Subsidiary), or any Excluded Subsidiary ceases to be an Excluded Subsidiary, the Borrower shall promptly (and in any event within forty-five (45) calendar days of such formation or acquisition or such longer period as the Administrative Agent may agree to in its sole discretion) with respect to a formed or acquired Subsidiary (other than an Excluded Subsidiary), and immediately with respect to an Excluded Subsidiary ceasing to be an Excluded Subsidiary:
Subsidiary Guarantors, etc. In the event that (x) the Borrower or any of its Subsidiaries shall form or acquire any new Subsidiary (other than an Excluded Subsidiary), the Borrower shall concurrently with such formation or acquisition or (y) an Excluded Subsidiary ceases to be an Excluded Subsidiary, the Borrower shall promptly, and in no event later than (I) thirty (30) days with respect to a Domestic Subsidiary and (II) sixty (60) days with respect to a Foreign Subsidiary, in each case, after such event (or, with respect to a determination that a Subsidiary is no longer an Immaterial Subsidiary, following a determination made in accordance with the definition of “Immaterial Subsidiary”), (i) cause such Subsidiary to become a “Subsidiary Guarantor” hereunder and a “Grantor” under the applicable Security Agreement, (ii) take such action or cause such Subsidiary to take such action to comply with the Domestic Collateral and Guarantee Requirement or the Foreign Collateral and Guarantee Requirement, as applicable, and (iii) take such other action or cause such Subsidiary to take such other action as shall be reasonably necessary or desirable or reasonably requested by the Administrative Agent in order to create and perfect, in favor of the Administrative Agent, for the benefit of the Secured Parties, valid and enforceable first priority Liens (subject only to Permitted Priority Liens) on substantially all of the personal property of such new Obligor as collateral security for the Obligations hereunder as and when required by the terms of the applicable Security Agreement; provided that any such security interest or Lien shall be subject to the relevant requirements of the applicable Security Documents and the Intercompany Subordination Agreement.
Subsidiary Guarantors, etc. Subject to clauses (c) and (d) below and the terms and provisions of the Intercompany Subordination Agreement, in the event that the Borrower or any of its Subsidiaries shall form or acquire any new Subsidiary, the Borrower shall promptly:
Subsidiary Guarantors, etc. Subject, in the case of Subsidiaries in existence as of the Closing Date formed under the laws of Germany, France, Spain, Italy and the United Kingdom, to the time periods set forth in Schedule 8.17(g), in the event that the Borrower or any of its Subsidiaries shall form or acquire any Subsidiary that constitutes a Material Subsidiary or any Subsidiary ceases to be an Immaterial Subsidiary, the Borrower shall promptly (and in any event within thirty (30) calendar days of such formation, acquisition or Subsidiary ceasing to be an Immaterial Subsidiary, or such longer period as the Administrative Agent may agree to in its sole discretion):
