Common use of Future Note Guarantees Clause in Contracts

Future Note Guarantees. If, after the Issue Date, (a) any Material Domestic Subsidiary (including any newly formed or newly acquired Material Domestic Subsidiary) that is not a Guarantor guarantees any of the Issuer’s Indebtedness outstanding (or committed) under the Credit Agreement or any other Capital Markets Debt of the Issuer, in each case, in a principal or committed amount greater than $100,000,000 (any such Indebtedness of the Issuer, the “Material Subject Debt”) or (b) the Issuer otherwise elects to have any Subsidiary become a Guarantor, then, in each such case, the Issuer shall cause such Subsidiary to execute and deliver to the Trustee (in the case of clause (a), by the date that is 60 days after becoming a guarantor under the Credit Agreement or such Capital Markets Debt, or in the case of clause (b) above at the Issuer’s option) a supplemental indenture in form and substance satisfactory to the Trustee pursuant to which such Subsidiary shall unconditionally guarantee all of the Issuer’s obligations under the Notes and this Indenture.

Future Note Guarantees. If, after the Issue Date, (a) any Material Wholly Owned Domestic Subsidiary (including any newly formed or newly acquired Material Wholly Owned Domestic Subsidiary) that is not a Guarantor guarantees any of the Issuer’s or any Guarantor’s Indebtedness outstanding (or committed) under the Credit Agreement or guarantees any other Capital Markets Debt of the Issuer, Issuer or a Guarantor with an aggregate outstanding principal amount in each case, in a principal or committed amount greater than excess of $100,000,000 (any such Indebtedness of the Issuer, the “Material Subject Debt”) 250.0 million or (b) the Issuer otherwise elects to have any Subsidiary become a Guarantor, then, in each such case, the Issuer shall cause such Subsidiary to execute and deliver to the Trustee (in the case of clause (a), by the date that is 60 days after becoming a guarantor under the Credit Agreement or such Capital Markets Debt, or ; and in the case of clause (b) above at ), by the date selected by the Issuer’s option) a supplemental indenture in form and substance satisfactory to the Trustee pursuant to which such Subsidiary shall unconditionally guarantee all of the Issuer’s obligations under the Notes and this Indenture. The Note Guarantees will be subject to release and discharge pursuant to Section 10.04 prior to payment in full of the Notes.