Document ID: 12425

Text:
7.10 Subsidiaries and Partnerships. No Loan Party shall, nor shall any Loan Party permit any of its Subsidiaries to, own or create directly or indirectly any Subsidiaries other than (a)any Subsidiary that has joined this Agreement as Guarantor on the Closing Date; (b)any Subsidiary formed or acquired after the Closing Date that joins this Agreement as a Guarantor in accordance with the terms of this Agreement and the Security Agreement by delivering to the Administrative Agent (i)an executed Guarantor Joinder; (ii)documents in the forms described in Section4.2 modified as appropriate; and (iii)documents necessary to grant and perfect Prior Security Interests to the Administrative Agent for the benefit of the Secured Parties in the Equity Interests (as defined in the Security Agreement) of, and Collateral held by, such Subsidiary, and (c)any Excluded Subsidiary.

Named Entities:
80
81
Title

Tokenized Text:
7
.
10
Subsidiaries
and
Partnerships
.
No
Loan
Party
shall
,
nor
shall
any
Loan
Party
permit
any
of
its
Subsidiaries
to
,
own
or
create
directly
or
indirectly
any
Subsidiaries
other
than
(
a
)
any
Subsidiary
that
has
joined
this
Agreement
as
Guarantor
on
the
Closing
Date
;
(
b
)
any
Subsidiary
formed
or
acquired
after
the
Closing
Date
that
joins
this
Agreement
as
a
Guarantor
in
accordance
with
the
terms
of
this
Agreement
and
the
Security
Agreement
by
delivering
to
the
Administrative
Agent
(
i
)
an
executed
Guarantor
Joinder
;
(
ii
)
documents
in
the
forms
described
in
Section4
.
2
modified
as
appropriate
;
and
(
iii
)
documents
necessary
to
grant
and
perfect
Prior
Security
Interests
to
the
Administrative
Agent
for
the
benefit
of
the
Secured
Parties
in
the
Equity
Interests
(
as
defined
in
the
Security
Agreement
)
of
,
and
Collateral
held
by
,
such
Subsidiary
,
and
(
c
)
any
Excluded
Subsidiary
.