Common use of Future Subsidiary Guarantees Clause in Contracts

Future Subsidiary Guarantees. The Company shall not permit any of its Restricted Subsidiaries, directly or indirectly, to guarantee, assume or in any manner become liable with respect to any of the Other Public Notes or other notes issued by the Company under an indenture or comparable documents to indentures used in jurisdictions outside of the United States unless such Restricted Subsidiary simultaneously executes and delivers a supplemental indenture to the Indenture providing for the guarantee of the Notes on the same terms as the guarantee of such Other Public Notes or other notes issued under an indenture or comparable documents used in jurisdictions outside of the United States (except that the guarantee of any notes issued under an indenture or comparable documents used in jurisdictions outside of the United States that are subordinated to the Notes shall be subordinated to the guarantee of the Notes to the same extent as such subordinated notes are subordinated to the Notes).

Appears in 4 contracts

Samples: Supplemental Indenture (CalAtlantic Group, Inc.), Supplemental Indenture (CalAtlantic Group, Inc.), Supplemental Indenture (Standard Pacific Corp /De/)

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Future Subsidiary Guarantees. The Company shall not permit any of its Restricted Subsidiaries, directly or indirectly, to guarantee, assume or in any manner become liable with respect to any of the Other Public Outstanding Notes or other notes issued by the Company under an indenture or comparable documents to indentures used in jurisdictions outside of the United States (other than guarantees in existence on the date of this Fifth Supplemental Indenture) unless such Restricted Subsidiary simultaneously executes and delivers a supplemental indenture to the Indenture providing for the guarantee of the Notes on the same terms as the guarantee of such Other Public Outstanding Notes or other notes issued under an indenture or comparable documents used in jurisdictions outside of the United States (States, except that the guarantee of any notes issued under an indenture or comparable documents used in jurisdictions outside of the United States that are subordinated to the Subordinated Notes shall be subordinated to the guarantee of the Notes to the same extent as such subordinated notes the Subordinated Notes are subordinated to the Notes).

Appears in 2 contracts

Samples: Fifth Supplemental Indenture (Standard Pacific Corp /De/), Fifth Supplemental Indenture (Standard Pacific Corp /De/)

Future Subsidiary Guarantees. The Company shall not permit any of its Restricted Subsidiaries, directly or indirectly, to guarantee, assume or in any manner become liable with respect to any of the Other Public Outstanding Notes or other notes issued by the Company under an indenture or comparable documents to indentures used in jurisdictions outside of the United States (other than guarantees in existence on the date of this Eighth Supplemental Indenture) unless such Restricted Subsidiary simultaneously executes and delivers a supplemental indenture to the Indenture providing for the guarantee of the Notes on the same terms as the guarantee of such Other Public Outstanding Notes or other notes issued under an indenture or comparable documents used in jurisdictions outside of the United States (States, except that the guarantee of any notes issued under an indenture or comparable documents used in jurisdictions outside of the United States that are subordinated to the Subordinated Notes shall be subordinated to the guarantee of the Notes to the same extent as such subordinated notes the Subordinated Notes are subordinated to the Notes).

Appears in 1 contract

Samples: Eighth Supplemental Indenture (Standard Pacific Corp /De/)

Future Subsidiary Guarantees. The Company shall not permit any of its Restricted Subsidiaries, directly or indirectly, to guarantee, assume or in any manner become liable with respect to any of the Other Public Outstanding Notes or other notes issued by the Company under an indenture or comparable documents to indentures used in jurisdictions outside of the United States (other than guarantees in existence on the date of the Indenture) unless such Restricted Subsidiary simultaneously executes and delivers a supplemental indenture to the Indenture providing for the guarantee of the Notes on the same terms as the guarantee of such Other Public Outstanding Notes or other notes issued under an indenture or comparable documents used in jurisdictions outside of the United States (States, except that the guarantee of any notes issued under an indenture or comparable documents used in jurisdictions outside of the United States that are subordinated to the Subordinated Notes shall be subordinated to the guarantee of the Notes to the same extent as such subordinated notes the Subordinated Notes are subordinated to the Notes).

Appears in 1 contract

Samples: Fourth Supplemental Indenture (Standard Pacific Corp /De/)

Future Subsidiary Guarantees. The Company shall not permit any of its Restricted Subsidiaries, directly or indirectly, to guarantee, assume or in any manner become liable with respect to any of the Other Public Outstanding Notes or other notes issued by the Company under an indenture or comparable documents to indentures used in jurisdictions outside of the United States (other than guarantees in existence on the date of this Seventh Supplemental Indenture) unless such Restricted Subsidiary simultaneously executes and delivers a supplemental indenture to the Indenture providing for the guarantee of the Notes on the same terms as the guarantee of such Other Public Outstanding Notes or other notes issued under an indenture or comparable documents used in jurisdictions outside of the United States (States, except that the guarantee of any notes issued under an indenture or comparable documents used in jurisdictions outside of the United States that are subordinated to the Subordinated Notes shall be subordinated to the guarantee of the Notes to the same extent as such subordinated notes the Subordinated Notes are subordinated to the Notes).

Appears in 1 contract

Samples: Seventh Supplemental Indenture (Standard Pacific Corp /De/)

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Future Subsidiary Guarantees. The Company shall not permit any of its Restricted Subsidiaries, directly or indirectly, to guarantee, assume or in any manner become liable with respect to any of the Other Public Outstanding Notes or other notes issued by the Company under an indenture or comparable documents to indentures used in jurisdictions outside of the United States (other than guarantees in existence on the date of this Tenth Supplemental Indenture) unless such Restricted Subsidiary simultaneously executes and delivers a supplemental indenture to the Indenture providing for the guarantee of the Notes on the same terms as the guarantee of such Other Public Outstanding Notes or other notes issued under an indenture or comparable documents used in jurisdictions outside of the United States (States, except that the guarantee of any notes issued under an indenture or comparable documents used in jurisdictions outside of the United States that are subordinated to the Subordinated Notes shall be subordinated to the guarantee of the Notes to the same extent as such subordinated notes the Subordinated Notes are subordinated to the Notes).

Appears in 1 contract

Samples: Tenth Supplemental Indenture (Standard Pacific Corp /De/)

Future Subsidiary Guarantees. The Company shall not permit any of its Restricted Subsidiaries, directly or indirectly, to guarantee, assume or in any manner become liable with respect to any of the Other Public Outstanding Notes or other notes issued by the Company under an indenture or comparable documents to indentures used in jurisdictions outside of the United States (other than guarantees in existence on the date of this Ninth Supplemental Indenture) unless such Restricted Subsidiary simultaneously executes and delivers a supplemental indenture to the Indenture providing for the guarantee of the Notes on the same terms as the guarantee of such Other Public Outstanding Notes or other notes issued under an indenture or comparable documents used in jurisdictions outside of the United States (States, except that the guarantee of any notes issued under an indenture or comparable documents used in jurisdictions outside of the United States that are subordinated to the Subordinated Notes shall be subordinated to the guarantee of the Notes to the same extent as such subordinated notes the Subordinated Notes are subordinated to the Notes).

Appears in 1 contract

Samples: Supplemental Indenture (Standard Pacific Corp /De/)

Future Subsidiary Guarantees. The Company shall not permit any of its Restricted Subsidiaries, directly or indirectly, to guarantee, assume or in any manner become liable with respect to any of the Other Public Outstanding Notes or other notes issued by the Company under an indenture or comparable documents to indentures used in jurisdictions outside of the United States (other than guarantees in existence on the date of this Sixth Supplemental Indenture) unless such Restricted Subsidiary simultaneously executes and delivers a supplemental indenture to the Indenture providing for the guarantee of the Notes on the same terms as the guarantee of such Other Public Outstanding Notes or other notes issued under an indenture or comparable documents used in jurisdictions outside of the United States (States, except that the guarantee of any notes issued under an indenture or comparable documents used in jurisdictions outside of the United States that are subordinated to the Subordinated Notes shall be subordinated to the guarantee of the Notes to the same extent as such subordinated notes the Subordinated Notes are subordinated to the Notes).

Appears in 1 contract

Samples: Supplemental Indenture (Standard Pacific Corp /De/)

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