Common use of GmbH Guarantee Limitation Language Clause in Contracts

GmbH Guarantee Limitation Language. (i) Save as set out in this paragraph (c), the Holders, Trustee and/or the Notes Collateral Agent shall not enforce, and any GmbH Guarantor (and/or the relevant subsidiary of a GmbH Guarantor) shall have a defense (Einrede) against, any Limited Upstream Obligation if and to the extent a discharge (Erfüllung) or enforcement (Vollstreckung) in respect of a Limited Upstream Obligation would cause a GmbH Capital Impairment to occur.

Appears in 6 contracts

Samples: First Supplemental Indenture (Invacare Corp), First Supplemental Indenture (Invacare Corp), INVACARE HOLDINGS Corp

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.