Guarantees by Holdings the Borrower of Indebtedness of any Subsidiary and by any Subsidiary of Indebtedness of the Borrower or any other Subsidiary; provided that (A) the Indebtedness so guaranteed is permitted by this Section, (B) Guarantees by Holdings, the Borrower or any Subsidiary Loan Party of Indebtedness of any Subsidiary that is not a Loan Party shall be subject to Section 6.04 and (C) the Subordinated Debt shall not be guaranteed by any Subsidiary that is not a Subsidiary Loan Party and any such Guarantee shall be subordinated to the Obligations of the applicable Subsidiary on the same terms as the Subordinated Debt is subordinated to its Obligations;
Guarantees by Holdings the Borrower or any Subsidiary of Indebtedness of Holdings, the Borrower or any other Subsidiary, in each case, in the ordinary course of business; provided that Guarantees by any Loan Party of Indebtedness of any Subsidiary that is not a Subsidiary Loan Party shall only be permitted to be incurred in accordance with Section 7.4;
Guarantees by Holdings the Parent Borrower and the Subsidiaries of leases entered into by any Subsidiary as lessee; provided that the amount of such Guarantees made by Loan Parties to Subsidiaries that are not Loan Parties shall be subject to the limitation set forth in clause (d) above;
Guarantees by Holdings the Borrower or any other Subsidiary of Indebtedness or other obligations of Holdings, the Borrower or any other Subsidiary (including any such Guarantees arising as a result of any such Person being a joint and several co-applicant with respect to any Letter of Credit or any other letter of credit or letter of guaranty); provided that (i) a Subsidiary shall not Guarantee any Permitted Unsecured Indebtedness or other Indebtedness or obligations of any Loan Party (or any Refinancing Indebtedness in respect thereof) unless (A) such Subsidiary has Guaranteed the Obligations pursuant to the Collateral Agreement, (B) any such Guarantee of such Permitted Unsecured Indebtedness (or of such Refinancing Indebtedness) provides for the release and termination thereof, without action by any Person, upon any release and termination of such Guarantee of the Obligations, and (C) any such Guarantee of Subordinated Indebtedness is subordinated to the Loan Document Obligations on terms no less favorable to the Lenders than those of the Subordinated Indebtedness, (ii) any such Guarantee constituting Indebtedness is permitted by Section 6.01, and (iii) the aggregate amount of such Indebtedness and other obligations of Subsidiaries that are not Loan Parties that is Guaranteed by any Loan Parties shall be subject to the limitation set forth in clause (c) above;
Guarantees by Holdings the Borrower or any of their respective Restricted Subsidiaries of leases (other than Capitalized Leases) or of other obligations that do not constitute Indebtedness, in each case entered into in the ordinary course of business;
Guarantees by Holdings the Borrower and any Restricted Subsidiary in respect of Indebtedness of Holdings, the Borrower or any of its Restricted Subsidiaries otherwise permitted hereunder; provided that (A) no Guarantee of the Senior Notes or any Junior Financing shall be permitted unless such guaranteeing party shall have also provided a Guarantee of the Obligations on the terms set forth herein and (B) if the Indebtedness being Guaranteed is subordinated to the Obligations, such Guarantee shall be subordinated to the Guarantee of the Obligations on terms at least as favorable to the Lenders as those contained in the subordination of such Indebtedness;
Guarantees by Holdings the Borrower, PGI and IntermediateCo of lease obligations of Subsidiaries of PGI and IntermediateCo solely to the extent that any such Guarantees are unsecured;
Guarantees by Holdings. Borrower or any of the Borrower’s Subsidiaries in the ordinary course of business, of leases (other than Capital Lease Obligations), purchase or supply contracts, Interest Rate Protection Agreements, Other Hedging Agreements or of other obligations, in each case of Borrower, any of its Subsidiaries or any Excluded Subsidiary that do not constitute Indebtedness; provided that the aggregate outstanding amount of obligations of the Excluded Subsidiaries guaranteed by Holdings, Borrower and/or any of the Borrower’s Subsidiaries pursuant to this clause (xxv) shall not exceed $100,000,000 at any time outstanding;”
Guarantees by Holdings the Borrower or any of their Subsidiaries of Indebtedness (other than Permitted Project Debt) of the Borrower or any other Subsidiary otherwise permitted hereunder; provided, that (x) no guarantee of any Permitted Subordinated Debt, Permitted Senior Debt or other subordinated Indebtedness that is Material Indebtedness (or any Permitted Refinancing thereof) by any Subsidiary that is not a Loan Party shall be permitted unless such Subsidiary shall have also provided a Guarantee of the Obligations substantially on the terms set forth in the Guarantee and Collateral Agreement and (y) if the Indebtedness being Guaranteed is subordinated to the Obligations, such Guarantee shall be subordinated to the Guarantee of the Obligations on terms at least as
Guarantees by Holdings the Borrower or any Subsidiary Loan Party of Indebtedness of the Borrower or any Subsidiary Loan Party, in each case, to the extent such Indebtedness would have been permitted to be incurred hereunder directly by such Loan Party, and if such Indebtedness is subordinated in right of payment to the Obligations under the Loan Documents, such Guarantee is as subordinated in right of payment to the Obligations on the same terms;
