Common use of Furnishing Guarantees Clause in Contracts

Furnishing Guarantees. The Company shall cause any Subsidiary formed or acquired after the Issue Date, other than its finance company Subsidiaries and any foreign Subsidiaries, that guarantees any Indebtedness of the Company or any other Subsidiary, other than guarantees by Subsidiaries of U.S. Home Corporation solely of U.S. Home Corporation’s obligations as a guarantor under the Senior Credit Facility, to become a Guarantor by causing, as promptly as practicable, but in any event not later than the date on which such Subsidiary becomes a guarantor of any other Indebtedness of the Company or any Subsidiary, such Subsidiary to execute and deliver to the Trustee a Guarantee in substantially the form of Exhibit F hereto and the Company shall furnish to the Trustee an Officers’ Certificate stating that all conditions precedent, if any, provided for in this Indenture relating to the proposed action have been complied with, and an Opinion of Counsel stating that, in the opinion of such counsel, all such conditions precedent have been complied with.

Appears in 5 contracts

Samples: Indenture (Lennar Corp /New/), Indenture (Lennar Corp /New/), Indenture (Lennar Corp /New/)

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Furnishing Guarantees. The Company shall cause any Subsidiary formed or acquired after the Issue Date, other than its finance company Subsidiaries and any foreign Subsidiaries, that guarantees any Indebtedness of the Company or any other Subsidiary, other than guarantees by Subsidiaries of U.S. Home Corporation solely of U.S. Home Corporation’s obligations as a guarantor under the Senior Secured Credit Facility, Facilities to become a Guarantor by causing, as promptly as practicable, but in any event not later than the earlier of (i) 15 Business Days after the end of the fiscal quarter in which such Subsidiary was formed or acquired or (ii) the date on which such Subsidiary becomes a guarantor of any other Indebtedness of the Company or any Subsidiary, such Subsidiary to execute and deliver to the Trustee a Guarantee in substantially the form of Exhibit F hereto and the Company shall furnish to the Trustee an Officers’ Certificate stating that all conditions precedent, if any, provided for in the Indenture and this Supplemental Indenture relating to the proposed action have been complied with, and an Opinion of Counsel stating that, in the opinion of such counsel, all such conditions precedent have been complied with.

Appears in 2 contracts

Samples: Indenture (Lennar Corp /New/), Indenture (Lennar Corp /New/)

Furnishing Guarantees. The Company shall cause any Subsidiary formed or acquired after the Issue Date, other than its finance company Subsidiaries and any foreign Subsidiaries, that guarantees any Indebtedness of the Company or any other Subsidiary, other than guarantees by Subsidiaries of U.S. Home Corporation solely of U.S. Home Corporation’s obligations as a guarantor under the Senior Secured Credit Facility, Facility to become a Guarantor by causing, as promptly as practicable, but in any event not later than the earlier of (i) 15 Business Days after the end of the fiscal quarter in which such Subsidiary was formed or acquired or (ii) the date on which such Subsidiary becomes a guarantor of any other Indebtedness of the Company or any Subsidiary, such Subsidiary to execute and deliver to the Trustee a Guarantee in substantially the form of Exhibit F hereto and the Company shall furnish to the Trustee an Officers’ Certificate stating that all conditions precedent, if any, provided for in this Indenture relating to the proposed action have been complied with, and an Opinion of Counsel stating that, in the opinion of such counsel, all such conditions precedent have been complied with.

Appears in 1 contract

Samples: Indenture (Lennar Corp /New/)

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Furnishing Guarantees. The Company shall cause any Subsidiary formed or acquired after the Issue Date, other than its finance company Subsidiaries and any foreign Subsidiaries, that guarantees any Indebtedness of the Company or any other Subsidiary, other than guarantees by Subsidiaries of U.S. Home Corporation solely of U.S. Home Corporation’s obligations as a guarantor under the Senior Secured Credit Facility, Facilities to become a Guarantor by causing, as promptly as practicable, but in any event not later than the earlier of (i) 15 Business Days after the end of the fiscal quarter in which such Subsidiary was formed or acquired or (ii) the date on which such Subsidiary becomes a guarantor of any other Indebtedness of the Company or any Subsidiary, such Subsidiary to execute and deliver to the Trustee a Guarantee in substantially the form of Exhibit F hereto and the Company shall furnish to the Trustee an Officers’ Certificate stating that all conditions precedent, if any, provided for in this Indenture relating to the proposed action have been complied with, and an Opinion of Counsel stating that, in the opinion of such counsel, all such conditions precedent have been complied with.

Appears in 1 contract

Samples: Indenture (Lennar Corp /New/)

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