Limitation of Guarantees by Subsidiaries. The Company will not permit any Subsidiary, directly or indirectly, to assume, guarantee or in any other manner become liable with respect to any Indebtedness of the Company or any other Subsidiary unless (i) such assumption, guarantee or other liability is permitted by Section 4.13, (ii) each such Subsidiary which is not then a Guarantor simultaneously executes and delivers to the Trustee a guarantee in favor of the Trustee, substantially in the form of the Guarantee in Article Twelve (and, if requested by the Trustee, a supplemental indenture in form and substance reasonably satisfactory to the Trustee), providing for the guarantee of payment of the Senior Subordinated Notes by such Subsidiary and (iii) (a) if any such assumption, guarantee or other liability of such Subsidiary is provided in respect of Senior Indebtedness, the guarantee or other instrument provided by such Subsidiary in respect of such Senior Indebtedness may be superior to the Guarantee, pursuant to subordination provisions no less favorable than those contained in this Indenture and (b) if such assumption, guarantee or other liability of such Subsidiary is provided in respect of Subordinated Indebtedness, the guarantee or other instrument provided by such Subsidiary in respect of such Subordinated Indebtedness shall be subordinated to the Guarantee, pursuant to subordination provisions not less favorable than those contained in this Indenture. Notwithstanding the foregoing, any such Guarantee by a Subsidiary of the Senior Subordinated Notes shall provide by its terms that it shall be automatically and unconditionally released and discharged, without any further action required on the part of the Trustee or any Holder, upon any sale or other disposition (by merger or otherwise) to any Person which is not a Subsidiary or Affiliate of the Company, of all of the Company's Capital Stock in, or all or substantially all of the assets of, such Subsidiary; provided, that (a) such sale or disposition of such Capital Stock or assets is otherwise in compliance with the terms of this Indenture and (b) such assumption, guarantee or other liability of such Subsidiary has been released by the holders of the other Indebtedness so guaranteed.
Limitation of Guarantees by Subsidiaries. The Company shall not permit any of its 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 Indebtedness of the Company, unless, in any such case:
Limitation of Guarantees by Subsidiaries. If any Subsidiary, directly or indirectly, by way of the pledge of any intercompany note or otherwise, assumes, becomes a borrower under, guarantees or in any other manner become liable with respect to any Indebtedness of the Company under the Credit Agreement after the date hereof, the Company shall cause such Subsidiary to execute and deliver a supplement to this Agreement in the form of Exhibit D, providing a Guaranty of the Guaranteed Obligations by such Subsidiary pursuant to Article X hereof. Notwithstanding the preceding sentence, any such Guaranty by a Subsidiary shall be automatically and unconditionally released and discharged, without any further action required on the part of the Trustee or the Issuer, upon the occurrence of any of the events set forth in Section 10.05 hereof.
Limitation of Guarantees by Subsidiaries. The Issuer shall not permit any Subsidiary that is not a Guarantor (other than a Receivables Subsidiary), directly or indirectly, to guarantee (x) Debt of the Issuer under the Credit Agreement and/or (y) other Debt (including commitments in respect thereof) of the Issuer in excess of $100.0 million, in each case, of the Issuer, unless in any such case, such Subsidiary executes and delivers a supplemental indenture substantially in the form of Exhibit E hereto, providing a guarantee of payment of the Notes by such Subsidiary (and if such Debt is by its terms subordinated in right of payment to the Notes, any such guarantee of such Subsidiary with respect to such Debt shall be subordinated in right of payment to such Subsidiary’s Guarantee of the Notes to the same extent as such Debt is subordinated to the Notes).
