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

Limitation on Guarantees by Restricted Subsidiaries. (a) The Company shall not cause or permit any of its Restricted Subsidiaries, directly or indirectly, to guarantee the payment of any Indebtedness of the Company, which, in the aggregate, together with all other Indebtedness of the Company that is guaranteed by Restricted Subsidiaries, does not exceed $35.0 million, unless such Restricted Subsidiary of the Company simultaneously executes and delivers a supplemental indenture to the Indenture providing for the guarantee of payment of the Securities by such Restricted Subsidiary of the Company; provided that any guarantee by a Subsidiary Guarantor of such other Indebtedness:

Appears in 1 contract

Samples: Indenture (Navistar International Corp)

AutoNDA by SimpleDocs

Limitation on Guarantees by Restricted Subsidiaries. (a) The Company shall not cause or permit any of its Restricted Subsidiaries, directly or indirectly, to guarantee the payment of any Indebtedness of the Company, which, in the aggregate, together with all other Indebtedness of the Company that is guaranteed by Restricted Subsidiaries, does not exceed $35.0 25 million, unless such Restricted Subsidiary of the Company simultaneously executes and delivers a supplemental indenture to the Indenture providing for the guarantee of payment of the Securities by such Restricted Subsidiary of the Company; provided that provided, any guarantee by a Subsidiary Guarantor of such other Indebtedness:

Appears in 1 contract

Samples: Indenture (International Truck & Engine Corp)

Limitation on Guarantees by Restricted Subsidiaries. (a) The Company shall will not cause or permit any of its Restricted Subsidiaries, directly or indirectly, to guarantee the payment of any Indebtedness of the Company, which, in the aggregate, together with all other Indebtedness of the Company that is guaranteed by Restricted Subsidiaries, does not exceed $35.0 million, unless such Restricted Subsidiary of the Company simultaneously executes and delivers a supplemental indenture to the this Indenture providing for the guarantee of payment of the Securities (each a "Subsidiary Guarantee") by such Restricted Subsidiary of the CompanyCompany (a "Subsidiary Guarantor"); provided that provided, any guarantee by a Subsidiary Guarantor of such other Indebtedness:

Appears in 1 contract

Samples: Dana Corp

AutoNDA by SimpleDocs

Limitation on Guarantees by Restricted Subsidiaries. (a) The Company shall not cause or permit any of its Restricted Subsidiaries, directly or indirectly, to guarantee the payment of any Indebtedness of the Company, which, in the aggregate, together with all other Indebtedness of the Company that is guaranteed by Restricted Subsidiaries, does not exceed $35.0 million, unless such Restricted Subsidiary of the Company simultaneously executes and delivers a supplemental indenture to the this Indenture providing for the guarantee of payment of the Securities by such Restricted Subsidiary of the Company; provided that any guarantee by a Subsidiary Guarantor of such other Indebtedness:

Appears in 1 contract

Samples: Indenture (Navistar International Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!