Guaranties by Subsidiaries Sample Clauses

Guaranties by Subsidiaries. If and for so long as any Subsidiary, directly or indirectly, Guarantees any Debt of the Company (other than the Notes), such Subsidiary shall provide a Note Guaranty. A Subsidiary required to provide a Note Guaranty shall execute a supplemental indenture substantially in the form of Exhibit B, and deliver an Opinion of Counsel to the Trustee to the effect that the supplemental indenture has been duly authorized, executed and delivered by the Subsidiary and constitutes a valid and binding obligation of the Subsidiary, enforceable against the Subsidiary in accordance with its terms (subject to customary exceptions).
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Guaranties by Subsidiaries. Other than in the ordinary course of business or to the holders of Senior Indebtedness, or unless the holders of Convertible Notes shall approve, the Company shall cause its Subsidiaries not to guaranty the Indebtedness of the Company or of any other party.
Guaranties by Subsidiaries. 30 SECTION 4.09. Equal and Ratable Liens .................................... 30 SECTION 4.10. Financial Reports .......................................... 31 SECTION 4.11. Reports to Trustee ......................................... 31
Guaranties by Subsidiaries. (a) If and for so long as any Subsidiary, directly or indirectly, Guaranties any Debt of the Company, such Subsidiary shall provide a Note Guaranty, and, if the guaranteed Debt of the Company is Subordinated Debt, the Guaranty of such guaranteed Debt must be subordinated in right of payment to the Note Guaranty to at least the extent that the guaranteed Debt is subordinated to the Notes.
Guaranties by Subsidiaries of the Borrower of Indebtedness of the Borrower or other Subsidiaries of the Borrower and Guaranties by the Borrower of Indebtedness of Subsidiaries of the Borrower, in each case to the extent such underlying Indebtedness is permitted hereunder;
Guaranties by Subsidiaries. If any Subsidiary that is not a Guarantor Guarantees any Indebtedness of the Company under, or becomes a borrower under, the Credit Facilities, such Subsidiary shall within 60 Business Days thereof provide a Subsidiary Guarantee; provided that such Subsidiary shall not be required to provide a Subsidiary Guarantee if it is an Ineligible Subsidiary. A Subsidiary required to provide a Subsidiary Guaranty shall execute a supplemental indenture in the form of Exhibit B, and deliver an Opinion of Counsel to the Trustee stating that the supplemental indenture has been duly authorized, executed and delivered by the Subsidiary and constitutes a valid and binding obligation of the Subsidiary, enforceable against the Subsidiary in accordance with its terms (subject to customary exceptions).
Guaranties by Subsidiaries. In the event that Borrower, following the date of this Agreement, establishes any subsidiary, whether wholly owned or otherwise, such subsidiary shall become an unconditional and unlimited guarantor of Borrower’s indebtedness and obligations to Bank and shall immediately execute a guaranty instrument, in form and substance acceptable to Bank, together with such other documents, instruments and other undertakings as Bank may require in its sole and exclusive discretion.
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Guaranties by Subsidiaries. (a) If and for so long as any Subsidiary of the Company guarantees the Company's obligations under the Senior Notes pursuant to the section of the indenture governing such Senior Notes entitled "Guaranties", such Subsidiary shall also provide a Securities Guaranty by executing a supplemental indenture in the form of Exhibit C. In connection with the execution and delivery of such supplemental indenture, the Company shall deliver an Opinion of Counsel to the Trustee to the effect that the supplemental indenture has been duly authorized, executed and delivered by such Subsidiary and constitutes a valid and binding obligation of such Subsidiary, enforceable against such Subsidiary in accordance with its terms (subject to customary exceptions).
Guaranties by Subsidiaries. Within 15 days after the date of this Agreement, each Person which is or hereafter becomes a Subsidiary shall execute and deliver to Agent (i) a guaranty in form and substance satisfactory to Agent, pursuant to which such Subsidiary guarantees the prompt payment and performance in full of all of the Obligations and (ii) documentation satisfactory to Agent pursuant to which such Subsidiary pledge its assets in support of this guarantee. With regard to each Person which is now or, with Agent's consent, hereafter becomes a Subsidiary of Borrower, Borrower shall execute or cause to be executed a pledge agreement in form and substance satisfactory to Agent, pursuant to which Agent, for itself and for the Pro Rata benefit of Lenders, is granted a first priority security interest in all of the Equity Interests in such Subsidiary. Borrower shall cause to be executed and delivered to Agent such legal opinions of foreign counsel, corporate and partnership documents and certificates as Agent or its counsel may require in connection with the documents executed and delivered pursuant to this Section. Notwithstanding the foregoing, this Section 6.4 shall be limited to requiring any Subsidiary to reaffirm its existing documentation executed in connection with the Pre-Petition Debt and affirming that the obligations secured thereby include the Obligations.
Guaranties by Subsidiaries. The Company will cause (a) each direct and indirect Domestic Subsidiary of the Company, and (b) each other Subsidiary that is or becomes a borrower or guarantor under or in respect of the Credit Agreement to become a Subsidiary Guarantor, prior to or concurrently with so becoming a Domestic Subsidiary, borrower or guarantor as aforesaid, by causing such Subsidiary, at the Company’s expense, to execute and/or deliver to each holder of Notes: Exhibit A
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