F orm any Subsidiary unless (a) (i) in the case of a Domestic Subsidiary , it expressly joins in this Agreement as a borrower or guarantor , as determined by Agent , and becomes jointly and severally liable for the Obligations, provided , however, if (A) the formation of a Subsidiary is solely for the purpose of consummating a Permitted Acquisition , and (B) no Event of Default is continuing and no notice of termination with regard to this Agreement is outstanding, then such joinder may occur at any time prior to fifteen (15) days after the date of closing of such Permitted Acquisition , or (ii) in the case of a Foreign Subsidiary , 65% of the Equity Interests of such Foreign Subsidiary are pledged as Collateral , and (b) Agent shall have received all documents, including legal opinions, it may reasonably require to establish compliance with each of the foregoing conditions.