Additional Debenture Guarantees Clause Samples
Additional Debenture Guarantees. Any Subsidiary that becomes a Restricted Subsidiary or that is designated as a Restricted Subsidiary after the date of this Indenture pursuant to Section 8.18 shall become a Guarantor of the Debentures and execute a supplemental indenture effectuating such Guarantor’s Debenture Guarantee and deliver an opinion of counsel and an Officer’s Certificate as to the authorization, execution, delivery and enforceability of such supplemental indenture satisfactory to the Debenture Trustees within 30 Business Days of the date on which it became a Restricted Subsidiary or on which it was designated as a Restricted Subsidiary, provided that any Wholly-Owned Subsidiary that constitutes a Receivables Entity or an Unrestricted Subsidiary need not become a Guarantor until such time as it ceases to be a Receivables Entity or an Unrestricted Subsidiary.
Additional Debenture Guarantees. If the Company or any of the Guarantors acquires or creates another Domestic Subsidiary after the date of this Indenture, then that newly acquired or created Domestic Subsidiary will become a Guarantor and execute a supplemental indenture and deliver an Opinion of Counsel satisfactory to the Trustee within ten Business Days of the date on which it was acquired or created; provided that any Domestic Subsidiary that constitutes an Immaterial Subsidiary need not become a Guarantor until such time as it ceases to be an Immaterial Subsidiary.
Additional Debenture Guarantees. All current and future Subsidiaries of the Issuer, other than Foreign Subsidiaries, and Subsidiaries that have been properly designated as Unrestricted Subsidiaries in accordance with this Indenture for so long as they continue to constitute Unrestricted Subsidiaries, will be Guarantors in accordance with the terms of this Indenture.