Examples of New Domestic Subsidiary in a sentence
Upon consummation of the Permitted Acquisition, no New Domestic Subsidiary nor Holdings or any of its Subsidiaries shall have any material existing liabilities or other obligations other than those existing under or permitted by this Agreement and the other Loan Documents and those contractual obligations and liabilities arising in the ordinary course of business.
A good standing certificate or certificate of status of each New Domestic Subsidiary from the Secretary of State (or other governmental authority) of its state of organization and such other states as shall be reasonably requested by Agent.
Borrower agrees to pledge, or to cause its Subsidiaries to pledge, (i) all of the Capital Stock of each New Domestic Subsidiary and (ii) 65% of all Capital Stock of each new Foreign Subsidiary owned directly by Borrower or any Domestic Subsidiary established or created to Collateral Agent for the benefit of the Secured Creditors pursuant to the Pledge Agreement.
The New Domestic Subsidiary hereby acknowledges that any reference in the Guaranty to the Company's former name, "American Colloid Company" shall be amended to be references to the Company's new name "AMCOL International Corporation".
Within thirty (30) days of being acquired or incorporated, or in the case of an existing Domestic Subsidiary within thirty (30) days of its first undertaking to conduct any business or operations (the "Grace Period"), such New Domestic Subsidiary shall deliver to the Banks an executed Continuing Guarantee in the form attached hereto as Exhibit "D", a Security Agreement in the form attached hereto as Exhibit "C", a UCC-1 Financing Statement and such other documents as the Banks may reasonably request.
Holdings and Borrower agree to cause each new Domestic Subsidiary established or created in accordance with Section 8.16 (a "New Domestic Subsidiary") to execute and deliver the Subsidiary Guaranty or such other guaranty of all Obligations and all obligations under Interest Rate Agreements and Other Hedging Agreements entered into with a Lender or any Affiliate thereof in form and substance satisfactory to Administrative Agent.
Holdings and Borrower agree to cause each new Domestic Subsidiary established or created in accordance with Section 8.16 (a "New Domestic Subsidiary") to execute and deliver the Subsidiary Guaranty or such other guaranty of all Obligations and all obligations under Interest Rate Agreements and Other Hedging Agreements in form and substance reasonably satisfactory to Agent.
The New Domestic Subsidiary hereby makes, for the benefit of the Guaranteed Creditors, all of the representations and warranties made by a Guarantor in the Guaranty Agreement, which representations and warranties are true and correct as of the date hereof.
Borrower shall cause each New Domestic Subsidiary and each New Foreign Subsidiary to comply with the provisions of SECTION 7.3.6(B), and all Liens created pursuant thereto must be Lender Liens.
The New Domestic Subsidiary hereby unconditionally assumes and agrees to pay, perform and discharge all of the obligations as a Guarantor under the Guaranty Agreement; and the New Domestic Subsidiary agrees that it will, for all purposes of the Guaranty Agreement, be deemed to be a Guarantor.