Common use of Execution of Guarantee Agreement for Future Subsidiary Guarantors Clause in Contracts

Execution of Guarantee Agreement for Future Subsidiary Guarantors. The Company and the Issuer will cause each subsidiary of the Company that is a Restricted Subsidiary and not a Subsidiary Guarantor that (i) becomes a borrower or guarantor under the Revolving Credit Agreement or (ii) that Guarantees on the Issue Date or at any time thereafter, any other Indebtedness of the Company, the Issuer or any Subsidiary Guarantor under Credit Facilities that exceeds $150 million in aggregate principal amount, to execute and deliver to the Trustee within thirty days a Guarantee Agreement; provided, however, that, a Restricted Subsidiary shall not be required to Guarantee the Notes if such Restricted Subsidiary is an Excluded Subsidiary.

Appears in 1 contract

Samples: Supplemental Indenture (Alcoa Corp)

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Execution of Guarantee Agreement for Future Subsidiary Guarantors. The Company and the Issuer will cause each subsidiary of the Company that is a Restricted Subsidiary and not a Subsidiary Guarantor that (i) becomes a borrower or guarantor under the Revolving Credit Agreement or (ii) that Guarantees on the Issue Date or at any time thereafter, any other Indebtedness of the Company, the Issuer or any Subsidiary Guarantor under Credit Facilities that exceeds $150 100 million in aggregate principal amount, to execute and deliver to the Trustee within thirty days a Guarantee Agreement; provided, however, that, a Restricted Subsidiary shall not be required to Guarantee the Notes if such Restricted Subsidiary is an Excluded Subsidiary.

Appears in 1 contract

Samples: Supplemental Indenture (Alcoa Corp)

Execution of Guarantee Agreement for Future Subsidiary Guarantors. (a) The Company and the Issuer will cause each subsidiary of the Company that is a Restricted Subsidiary and not a Subsidiary Guarantor that (i) becomes a borrower or guarantor under the Revolving Credit Agreement or (ii) that Guarantees on the Issue Date or at any time thereafter, any other Indebtedness of the Company, the Issuer or any Subsidiary Guarantor under Credit Facilities that exceeds $150 million in aggregate principal amount, to execute and deliver to the Trustee within thirty 30 days a Guarantee Agreement; provided, however, that, a Restricted Subsidiary shall not be required to Guarantee the Notes if such Restricted Subsidiary is an Excluded Subsidiary.

Appears in 1 contract

Samples: Supplemental Indenture (Alcoa Corp)

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Execution of Guarantee Agreement for Future Subsidiary Guarantors. The Company and the Issuer will cause each subsidiary of the Company that is a Restricted Subsidiary and not a Subsidiary Guarantor that (i) becomes a borrower or guarantor under the Amended Revolving Credit Agreement or (ii) that Guarantees on the Issue Date or at any time thereafter, any other Indebtedness of the Company, the Issuer or any Subsidiary Guarantor under Credit Facilities that exceeds $150 million in aggregate principal amount, to execute and deliver to the Trustee within thirty 30 days a Guarantee Agreement; provided, however, that, a Restricted Subsidiary shall not be required to Guarantee the Notes if such Restricted Subsidiary is an Excluded Subsidiary.

Appears in 1 contract

Samples: Supplemental Indenture (Alcoa Corp)

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