Common use of Execution and Delivery of Subsidiary Guarantee Clause in Contracts

Execution and Delivery of Subsidiary Guarantee. To evidence its Subsidiary Guarantee set forth in Section 13.01, each Subsidiary Guarantor hereby agrees that a supplemental indenture in the form of Exhibit B hereto shall be executed on behalf of such Subsidiary Guarantor by one of its Officers. The signature of an Officer of a Subsidiary Guarantor on such supplemental indenture shall bind such Subsidiary Guarantor, notwithstanding that such individual has ceased to hold such office prior to the authentication and delivery of any Note or did not hold such office at the date of such Note. The delivery of any Note by the Trustee, after the authentication thereof hereunder, shall constitute due delivery of the Subsidiary Guarantee set forth in this Indenture on behalf of the Subsidiary Guarantors.

Appears in 3 contracts

Samples: Indenture (Equistar Chemicals Lp), Indenture (Lyondell Chemical Co), Indenture (Equistar Funding Corp)

AutoNDA by SimpleDocs

Execution and Delivery of Subsidiary Guarantee. To evidence its Subsidiary Guarantee set forth in Section 13.01, each Subsidiary Guarantor ----- hereby agrees that a supplemental indenture in the form of Exhibit B hereto shall be executed on behalf of such Subsidiary Guarantor by one of its Officers. The signature of an Officer of a Subsidiary Guarantor on such supplemental indenture shall bind such Subsidiary Guarantor, notwithstanding that such individual has ceased to hold such office prior to the authentication and delivery of any Note or did not hold such office at the date of such Note. The delivery of any Note by the Trustee, after the authentication thereof hereunder, shall constitute due delivery of the Subsidiary Guarantee set forth in this Indenture on behalf of the Subsidiary Guarantors.

Appears in 2 contracts

Samples: Indenture (Lyondell Chemical Co), Indenture (Equistar Chemicals Lp)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!