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

Limitation on Guarantees of Indebtedness by Restricted Subsidiaries. (a) The Issuer will not permit any of its Wholly-Owned Subsidiaries that are Restricted Subsidiaries (and non-Wholly-Owned Subsidiaries if such non-Wholly-Owned Subsidiary guarantees Indebtedness under a Credit Facility or Capital Markets Indebtedness of the Issuer or any Guarantor), other than a Guarantor or an Excluded Subsidiary, to guarantee the payment of (i) any Indebtedness of the Issuer or any Guarantor under a Credit Facility incurred under Section 4.09(b)(i) or (ii) Capital Markets Indebtedness of the Issuer or any Guarantor, in each case, having an aggregate principal amount outstanding in excess of $50.0 million unless:

Appears in 4 contracts

Samples: Indenture (Life Time Group Holdings, Inc.), Indenture (Life Time Group Holdings, Inc.), Indenture (Life Time Group Holdings, Inc.)

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Limitation on Guarantees of Indebtedness by Restricted Subsidiaries. (a) The Issuer will shall not permit any of its Wholly-Wholly Owned Subsidiaries that are Restricted Subsidiaries (and non-Wholly-Wholly Owned Subsidiaries if such non-Wholly-Wholly Owned Subsidiary guarantees Indebtedness under a Credit Facility or Capital Markets Indebtedness Subsidiaries guarantee other capital markets debt securities of the Issuer or any Guarantor), other than the Issuer, the Co-Issuer, a Subsidiary Guarantor or an Excluded Subsidiary, to guarantee the payment of (i) any Indebtedness of the Issuer or any Guarantor under a syndicated Credit Facility incurred under Section 4.09(b)(i) hereof or (ii) Capital Markets Indebtedness capital market debt securities of the Issuer or any Guarantor, Guarantor in each case, having an aggregate principal amount outstanding in excess of $50.0 200.0 million unless:

Appears in 4 contracts

Samples: Indenture (Clarios International Inc.), Indenture (Clarios International Inc.), Indenture (Clarios International Inc.)

Limitation on Guarantees of Indebtedness by Restricted Subsidiaries. (a) The Issuer will shall not permit any of its Wholly-Wholly Owned Subsidiaries that are Restricted Subsidiaries (and non-Wholly-Wholly Owned Subsidiaries if such non-Wholly-Wholly Owned Subsidiary guarantees Indebtedness under a Credit Facility or Capital Markets Indebtedness Subsidiaries guarantee other capital markets debt securities of the Issuer or any Subsidiary Guarantor), other than a Guarantor Subsidiary Guarantor, a Foreign Subsidiary or an Excluded a Securitization Subsidiary, to guarantee the payment of (i) any Indebtedness Credit Facility permitted under clause (i) of Section 4.09(b) hereof or (ii) capital markets debt securities of the Issuer or any Subsidiary Guarantor under a Credit Facility incurred under Section 4.09(b)(i) or (ii) Capital Markets Indebtedness of the Issuer or any Guarantor, in each case, having an aggregate principal amount outstanding in excess of $50.0 million unless:

Appears in 3 contracts

Samples: Indenture (Hilton Worldwide Holdings Inc.), Indenture (Hilton Worldwide Holdings Inc.), Indenture (Hilton Worldwide Holdings Inc.)

Limitation on Guarantees of Indebtedness by Restricted Subsidiaries. (a) The Issuer will Parent shall not permit any of its Wholly-Owned Subsidiaries that are Restricted Subsidiaries (and non-Wholly-Owned Subsidiaries if such non-Wholly-Owned Subsidiary guarantees Indebtedness under a Credit Facility or Capital Markets Indebtedness Subsidiaries guarantee other capital markets debt securities of the Issuer or any GuarantorGuarantor in a principal amount in excess of the greater of $35.0 million and 10.0% of LTM EBITDA), other than the Issuer, a Guarantor Guarantor, a Foreign Subsidiary or an Excluded a Securitization Subsidiary, to guarantee the payment of (i) any Indebtedness Credit Facility permitted under Section 4.09(b)(i) hereof or (ii) capital markets debt securities of the Issuer or any other Guarantor under a Credit Facility incurred under Section 4.09(b)(i) or (ii) Capital Markets Indebtedness of the Issuer or any Guarantor, in each case, having an aggregate principal amount outstanding in excess of $50.0 million unless:

Appears in 2 contracts

Samples: Indenture (Prestige Consumer Healthcare Inc.), Indenture (Prestige Consumer Healthcare Inc.)

Limitation on Guarantees of Indebtedness by Restricted Subsidiaries. (a) The Issuer will shall not permit any of its Wholly-Wholly Owned Subsidiaries that are Restricted Subsidiaries (and non-Wholly-Wholly Owned Subsidiaries if such non-Wholly-Wholly Owned Subsidiary guarantees Indebtedness under a Credit Facility or Capital Markets Indebtedness Subsidiaries guarantee other capital markets debt securities of the Issuer, the Co-Issuer or any Subsidiary Guarantor), other than a Guarantor Subsidiary Guarantor, the Co-Issuer, a Foreign Subsidiary or an Excluded a Securitization Subsidiary, to guarantee the payment of (i) any Indebtedness of the Issuer or any Guarantor under a Credit Facility incurred permitted under clause (i) of Section 4.09(b)(i4.09(b) hereof or (ii) Capital Markets Indebtedness capital markets debt securities of the Issuer, the Co-Issuer or any Guarantor, in each case, having an aggregate principal amount outstanding in excess of $50.0 million Subsidiary Guarantor unless:

Appears in 2 contracts

Samples: Indenture (Hilton Worldwide Holdings Inc.), Indenture (Hilton Grand Vacations Inc.)

Limitation on Guarantees of Indebtedness by Restricted Subsidiaries. (a) The Issuer will shall not permit any of its Wholly-Wholly Owned Subsidiaries that are Restricted Subsidiaries (and non-Wholly-Wholly Owned Subsidiaries if such non-Wholly-Wholly Owned Subsidiary guarantees Indebtedness under a Credit Facility or Capital Markets Indebtedness Subsidiaries guarantee other capital markets debt securities of the Issuer or any GuarantorSubsidiary Guarantor pursuant to clause (b) below), other than a Guarantor Subsidiary Guarantor, a Captive Insurance Subsidiary, a Foreign Subsidiary, a FSHCO Subsidiary or an Excluded a Securitization Subsidiary, to guarantee the payment of (i) any Indebtedness of the Issuer or any Guarantor under a syndicated Credit Facility incurred under Section 4.09(b)(i) hereof or (ii) Capital Markets Indebtedness capital market debt securities of the Issuer or any Guarantor, Subsidiary Guarantor in each case, having an aggregate principal amount outstanding in excess of $50.0 150.0 million unless:

Appears in 1 contract

Samples: Indenture (Vivint Smart Home, Inc.)

Limitation on Guarantees of Indebtedness by Restricted Subsidiaries. (a) The Issuer will Parent Guarantor shall not permit any of its Wholly-Wholly Owned Subsidiaries that are Restricted Subsidiaries (and non-Wholly-Wholly Owned Subsidiaries if such non-Wholly-Wholly Owned Subsidiary guarantees Indebtedness under a Credit Facility or Capital Markets Indebtedness Subsidiaries guarantee other capital markets debt securities of the Issuer or any GuarantorGuarantor pursuant to clause ‎(ii) below), other than the Issuer, a Guarantor Subsidiary Guarantor, a Captive Insurance Subsidiary, a Foreign Subsidiary, a FSHCO Subsidiary or an Excluded a Securitization Subsidiary, to guarantee the payment of (i) any Indebtedness syndicated Credit Facility incurred under ‎Section 4.09(b)(i) hereof or (ii) capital market debt securities of the Issuer or any Guarantor under a Credit Facility incurred under Section 4.09(b)(i) or (ii) Capital Markets Indebtedness of the Issuer or any Guarantor, in each case, having an aggregate principal amount outstanding in excess of $50.0 150.0 million unless:

Appears in 1 contract

Samples: Indenture (Gates Industrial Corp PLC)

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Limitation on Guarantees of Indebtedness by Restricted Subsidiaries. (a) The Issuer will shall not permit any of its Wholly-Wholly Owned Subsidiaries that are Restricted Subsidiaries (and non-Wholly-Wholly Owned Subsidiaries if such non-Wholly-Wholly Owned Subsidiary guarantees Indebtedness under a Credit Facility or Capital Markets Indebtedness Subsidiaries guarantee other capital markets debt securities of the Issuer, the Co-Issuer or any Guarantor), other than the Co-Issuer, a Guarantor Guarantor, a Foreign Subsidiary or an Excluded a Securitization Subsidiary, to guarantee the payment of (i) any Indebtedness of the Issuer or any Guarantor under a syndicated Credit Facility incurred permitted under Section 4.09(b)(i) or (ii) Capital Markets Indebtedness capital market debt securities of the Issuer, the Co-Issuer or any Guarantor, in each case, having an aggregate principal amount outstanding in excess of $50.0 million Guarantor unless:

Appears in 1 contract

Samples: Indenture (Alight Inc. / DE)

Limitation on Guarantees of Indebtedness by Restricted Subsidiaries. (a) The Issuer will shall not permit any of its Wholly-Owned Subsidiaries that are Restricted Subsidiaries (and non-Wholly-Owned Subsidiaries if such non-Wholly-Owned Subsidiary guarantees Indebtedness under a Credit Facility or Capital Markets Indebtedness Subsidiaries guarantee other capital markets debt securities of the Issuer or any Guarantor), other than a Guarantor Guarantor, a Captive Insurance Subsidiary, a Foreign Subsidiary or an Excluded a Securitization Subsidiary, to guarantee the payment of (i) any Indebtedness syndicated Credit Facility permitted by Section 4.09(b) hereof or (ii) capital market debt securities of the Issuer or any other Guarantor under a Credit Facility incurred under Section 4.09(b)(i) or (ii) Capital Markets Indebtedness of the Issuer or any Guarantor, in each case, having an aggregate principal amount outstanding in excess of $50.0 million unless:

Appears in 1 contract

Samples: Indenture (Vivint Smart Home, Inc.)

Limitation on Guarantees of Indebtedness by Restricted Subsidiaries. (a) The Issuer will shall not permit any of its Wholly-Wholly Owned Subsidiaries that are Restricted Subsidiaries (and non-Wholly-Wholly Owned Subsidiaries if such non-Wholly-Wholly Owned Subsidiary guarantees Indebtedness under a Credit Facility or Capital Markets Indebtedness Subsidiaries guarantee other capital markets debt securities of the Issuer, the Co-Issuer or any Guarantor), other than the Co-Issuer, a Guarantor Subsidiary Guarantor, a Foreign Subsidiary or an Excluded a Securitization Subsidiary, to guarantee the payment of (i) any Indebtedness of the Issuer or any Guarantor under a syndicated Credit Facility incurred permitted under Section 4.09(b)(i) or (ii) Capital Markets Indebtedness capital market debt securities of the Issuer, the Co-Issuer or any Guarantor, in each case, having an aggregate principal amount outstanding in excess of $50.0 million Guarantor unless:

Appears in 1 contract

Samples: Indenture (Alight Group, Inc.)

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