Common use of Guarantees by Holding Company Clause in Contracts

Guarantees by Holding Company. The Holding Company will not, nor will it permit any of the Designated SBG Subsidiaries to, guarantee any Other Debt of the Borrower or any of its Subsidiaries unless each such guarantee (i) complies with the requirements of the definitions of “Initial Second Priority Debt” or “Additional Second Priority Debt”, as applicable, with respect to the relevant type of Indebtedness or (ii) otherwise (A) is unsecured and subordinated in right of payment to the Holding Company’s or such Designated SBG Subsidiary’s guarantee (if any) under Article III on terms not less favorable to the Lenders than those contained in the 8% Senior Subordinated Note Indenture and (B) contains other terms and conditions not more restrictive on the Holding Company and its Subsidiaries than those contained herein and in the 8% Senior Subordinated Note Indenture.