Common use of Limitation of Guarantees by Restricted Subsidiaries Clause in Contracts

Limitation of Guarantees by Restricted Subsidiaries. The Company shall not permit any of its Restricted Subsidiaries, directly or indirectly, by way of the pledge of any intercompany note or otherwise, to assume, guarantee or in any other manner become liable with respect to any Indebt edness of the Company (other than: (1) Permitted Indebtedness of a Restricted Subsidiary of the Company; (2) Indebtedness under Currency Agreements in reliance on clause (5) of the definition of Permitted Indebtedness; or (3) Interest Swap Obligations incurred in reliance on clause (4) of the definition of Permitted Indebted ness), unless, in any such case:

Limitation of Guarantees by Restricted Subsidiaries. (a) The Company shall not permit any of its Restricted Subsidiaries, directly or indirectly, by way to guarantee the payment of any Indebtedness of the pledge of any intercompany note Company or otherwise, to assume, guarantee or in any other manner become liable with respect to any Indebt edness Restricted Subsidiary of the Company (other than: (1) Permitted Indebtedness of a Restricted Subsidiary of the Company; (2) Indebtedness under Currency Agreements in reliance on clause (5) of the definition of "Permitted Indebtedness"; or (3) Interest Swap Obligations incurred Agreements entered into in reliance on clause (4) of the definition of "Permitted Indebted ness), Indebtedness"; or (4) Indebtedness under Commodity Agreements incurred in reliance on clause (6) of the definition of "Permitted Indebtedness") unless, in any such case:

Limitation of Guarantees by Restricted Subsidiaries. The Company shall not permit any of its Restricted Subsidiaries, directly or indirectly, by way of the pledge of any intercompany note or otherwiseother than Guarantors, to assume, guarantee or in any other manner become liable with respect to any Indebt edness Indebtedness of the Company or any other Restricted Subsidiary (other than: (1) Permitted Indebtedness of a Restricted Subsidiary of the CompanyCompany (other than guarantees of Ratio Debt); (2) Indebtedness under Currency Agreements in reliance on clause (5) of the definition of “Permitted Indebtedness”; or (3) Interest Swap Obligations incurred in reliance on clause (4) of the definition of “Permitted Indebted nessIndebtedness”), unless, in any such case:

Limitation of Guarantees by Restricted Subsidiaries. The On the Effective Date, BWAY Manufacturing will provide a guarantee of payment of the Securities. From and after the Effective Date, the Company shall not permit any of its Restricted Subsidiaries, directly or indirectly, by way of the pledge of any intercompany note or otherwise, to assume, guarantee or in any other manner become liable with respect to any Indebt edness Indebtedness of the Company (other than: (1) Permitted Indebtedness of a Restricted Subsidiary of the Company; (2) Indebtedness under Currency Agreements in reliance on clause (5) of the definition of "Permitted Indebtedness"; or (3) Interest Swap Obligations incurred in reliance on clause (4) of the definition of "Permitted Indebted nessIndebtedness"), unless, in any such case:

Limitation of Guarantees by Restricted Subsidiaries. (1) The Company shall will not permit any of its Restricted Subsidiaries, directly or indirectly, by way of the pledge of any intercompany note or otherwise, to assume, guarantee or in any other manner become liable with respect to any Indebt edness Indebtedness of the Company or any other Restricted Subsidiary of the Company (other than: (1i) Indebtedness and other obligations under the Credit Agreement; (ii) Permitted Indebtedness of a Restricted Subsidiary of the Company; (2iii) Indebtedness under Currency Agreements or Commodity Agreements in reliance on clause (5) of the definition of Permitted Indebtedness; or (3iv) Interest Swap Obligations incurred in reliance on clause (4) of the definition of Permitted Indebted nessIndebtedness), unless, in any such case:

Limitation of Guarantees by Restricted Subsidiaries. The On the Effective Date, BWAY Manufacturing will provide a guarantee of payment of the Securities. From and after the Effective Date, the Company shall not permit any of its Restricted Subsidiaries, directly or indirectly, by way of the pledge of any intercompany note or otherwise, to assume, guarantee or in any other manner become liable with respect to any Indebt edness Indebtedness of the Company (other than: (1) Permitted Indebtedness of a Restricted Subsidiary of the Company; (2) Indebtedness under Currency Agreements in reliance on clause (5) of the definition of “Permitted Indebtedness”; or (3) Interest Swap Obligations incurred in reliance on clause (4) of the definition of “Permitted Indebted nessIndebtedness”), unless, in any such case: