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

Limitation on Guarantees of Debt by Restricted Subsidiaries. (a) The Parent Guarantor shall not permit any Restricted Subsidiary that is not an Issuer or a Guarantor, directly or indirectly, to guarantee, assume or in any other manner become liable for the payment of any Pari Passu Debt or Subordinated Debt of either Issuer (other than the Notes), the Parent Guarantor or any Subsidiary Guarantor, unless: (i) (A) such Restricted Subsidiary simultaneously executes and delivers a supplemental indenture to this Indenture providing for a Guarantee of payment of the Notes by such Restricted Subsidiary on the same terms as the guarantee of such Debt; and

Limitation on Guarantees of Debt by Restricted Subsidiaries. (a) The Parent Guarantor shall not permit any Restricted Subsidiary that is not an Issuer a Borrower or a Guarantor, directly or indirectly, to guarantee, assume or in any other manner become liable for the payment of any Pari Passu Debt or Subordinated Debt of either Issuer Borrower (other than the NotesLoans), the Parent Guarantor or any Subsidiary Guarantor, unless: (i) (A) such Restricted Subsidiary simultaneously executes and delivers a supplemental indenture to this Indenture Agreement providing for a Guarantee of payment of the Notes Loans by such Restricted Subsidiary on the same terms as the guarantee of such Debt; and