Guaranties of Subsidiaries. (a) Each Subsidiary, whether existing on the Closing Date or created, acquired or coming into existence after the Closing Date, that Guarantees any other Indebtedness of the Borrower shall execute and deliver to the Administrative Agent a Guaranty.
(b) Each Restricted Subsidiary (other than ETP GP and ETP LLC ), whether existing on the Closing Date or created, acquired or coming into existence after the Closing Date shall execute and deliver to the Administrative Agent a Guaranty.
(c) Simultaneously with its delivery of such a Guaranty, each Subsidiary shall, at the reasonable request of the Administrative Agent, provide written evidence reasonably satisfactory to the Administrative Agent and its counsel that such Subsidiary has taken all corporate, limited liability company or partnership action necessary to duly approve and authorize its execution, delivery and performance of such Guaranty and any other documents which it is required to execute.
(d) The Borrower may redesignate any Unrestricted Person to be a Restricted Subsidiary, provided that the Borrower may not make such a designation unless at the time of such action and after giving effect thereto, (i) none of such Unrestricted Persons have outstanding Indebtedness or Guarantees, other than Indebtedness permitted under Section 7.01 or Liens on any of their property, other than Permitted Liens (in each case taking into account the other Indebtedness and Liens of the Restricted Persons), (ii) no Default or Event of Default shall exist, (iii) all representations and warranties herein will be true and correct in all material respects if remade at the time of such designation, except to the extent such representations and warranties specifically refer to an earlier date, in which case they were true and correct in all material respects as of such earlier date, and (iv) the Borrower has provided to the Administrative Agent an officer’s certificate in form satisfactory to the Administrative Agent to the effect that each of the foregoing conditions have been satisfied. In no event will ETP or any of its subsidiaries be designated a Restricted Subsidiary.
(e) The Borrower may designate any Person who becomes a Subsidiary of the Borrower after the date hereof to be an Unrestricted Person, provided that all Investments in such Subsidiary at the time of such designation shall be treated as Investments made on the date of such designation, and provided further that the Borrower may not make such a designation ...
Guaranties of Subsidiaries. Each Subsidiary of Plains MLP now existing or created, acquired or coming into existence after the date hereof shall, promptly upon request by Administrative Agent, execute and deliver to Administrative Agent an absolute and unconditional guaranty of the timely repayment of the Obligations and the due and punctual performance of the obligations of Borrower hereunder, which guaranty shall be satisfactory to Administrative Agent in form and substance. Each Subsidiary of Plains MLP existing on the date hereof shall duly execute and deliver such a guaranty prior to the making of any Loan hereunder. Plains MLP will cause each of its Subsidiaries to deliver to Administrative Agent, simultaneously with its delivery of such a guaranty, written evidence satisfactory to Administrative Agent and its counsel that such Subsidiary has taken all corporate or partnership action necessary to duly approve and authorize its execution, delivery and performance of such guaranty and any other documents which it is required to execute.
Guaranties of Subsidiaries. 58 Section 6.18.
Guaranties of Subsidiaries. The Obligations shall also be guaranteed pursuant to the terms of the Guaranty.
Guaranties of Subsidiaries. Unconditional Continuing Guaranties executed by all Subsidiaries of Borrower other than Non-Corporate Subsidiaries.
Guaranties of Subsidiaries. There is no Subsidiary that, in accordance with Section 10.7 of the Existing Note Purchase Agreements, should have become a Guarantor under the Note Purchase Agreements, but has not executed and delivered the requisite documents, as required by such Section, to become a Guarantor under the Note Purchase Agreements. All Subsidiaries are listed on the signature pages hereto.
Guaranties of Subsidiaries. The Obligations shall also be guaranteed pursuant to the terms of the Guaranties.
Guaranties of Subsidiaries. The Obligations shall be guaranteed pursuant to the terms of the Guaranty.
Guaranties of Subsidiaries. All of the Obligations shall be guaranteed by CAI pursuant to the terms of the Guaranty contained in §17. In addition, the Obligations of the Borrower shall be further guaranteed (A) to the extent provided in §8.15 by each Foreign Subsidiary of the Borrower (other than a Securitization Entity) in accordance with the terms of the Foreign Guaranties to which each such Person is a party and (B) to the extent provided in §8.14 by each Domestic Subsidiary of the Borrower (other than a Securitization Entity). Notwithstanding anything to the contrary in this §6.2, a Securitization Entity shall not be subject to the guaranty requirements of this §6.2.
Guaranties of Subsidiaries. (a) Each Subsidiary, whether existing on the Closing Date or created, acquired or coming into existence after the Closing Date, that Guarantees any other Indebtedness of the Borrower shall execute and deliver to the Administrative Agent a Guaranty.
(b) Each Restricted Subsidiary (other than LA GP, LLC, Heritage ETC, L.P., and Heritage ETC GP, L.L.C., in each case so long as such entity has no operations, Indebtedness or Liens other than operations, Indebtedness or Liens as would be deemed de minimis and no material assets other than Equity Interests in Subsidiaries), whether existing on the Closing Date or created, acquired or coming into existence after the Closing Date, which holds Equity Interests in another Guarantor, or which has EBITDA in any Fiscal Quarter which constitutes ten percent (10%) or more of Borrower’s Consolidated EBITDA for such Fiscal Quarter or which has assets at any time with a book value equal to or exceeding (10%) of the book value of Borrower’s Consolidated assets at such time shall execute and deliver to the Administrative Agent a Guaranty.
