This Agreement shall become effective when it shall have been executed by Holdings, the Borrower, the initial Subsidiary Loan Parties and the Administrative Agent and when the Administrative Agent shall have received copies hereof which, when taken together, bear the signatures of each of the other parties hereto, and thereafter shall be binding upon and inure to the benefit of Holdings, the Borrower, each other First Tier Covenant Party party hereto, each Subsidiary Loan Party party hereto , each Issuing Bank, the Administrative Agent and each Lender and their respective permitted successors and assigns.