Common use of Additional Guaranties Clause in Contracts

Additional Guaranties. Each Subsidiary of an Indenture Obligor shall be a Guarantor and, accordingly, if any Subsidiary of any Indenture Obligor shall be formed after the Closing Date, such Indenture Obligor shall cause such Subsidiary to execute and deliver to the Trustee a duly executed supplemental indenture, pursuant to which such Subsidiary shall unconditionally guaranty, in accordance with Article Thirteen hereof, all of PCI and the Company's obligations under the Indenture and the Securities on the same terms as the other Guarantors, and such guaranty shall rank pari passu with the senior Indebtedness of such Subsidiary.

Additional Guaranties. Each Subsidiary of an Indenture Obligor shall be a Guarantor and, accordingly, if any Subsidiary of any Indenture Obligor shall be formed after the Closing Date, such Indenture Obligor shall cause such Subsidiary to execute and deliver to the Trustee a duly executed supplemental indenture, pursuant to which such Subsidiary shall unconditionally guaranty, in accordance with Article Thirteen hereof, all of PCI and the Company's obligations under the Indenture and the Securities on the same terms as the other Guarantors, and such guaranty shall rank pari passu with the senior Indebtedness of such Subsidiary.. 124