Limitation on Guaranties Clause Samples

Limitation on Guaranties. The Borrower shall not, and shall not permit any of the Restricted Subsidiaries to, at any time Guaranty, assume, be obligated with respect to, or permit to be outstanding any Guaranty of, any obligation of any other Person other than (a) a guaranty by endorsement of negotiable instruments for collection in the ordinary course of business, or (b) obligations under agreements of the Borrower or any of the Restricted Subsidiaries entered into in connection with leases of real property or the acquisition of services, supplies and equipment in the ordinary course of business of the Borrower or any of Restricted Subsidiaries, (c) Guaranties of Indebtedness incurred as permitted pursuant to Section 7.1 hereof, or (d) as may be contained in any Loan Document including, without limitation, the Subsidiary Guaranty.

Limitation on Guaranties. The Borrower shall not, and shall cause each of its Restricted Subsidiaries not to, at any time Guaranty, assume, be obligated with respect to, or permit to be outstanding any Guaranty of, any obligation of any other Person other than (a) a Guaranty by endorsement of negotiable instruments for collection in the ordinary course of business, or (b) obligations under agreements of the Borrower or any of its Restricted Subsidiaries entered into in connection with leases of real property or the acquisition of services, supplies and equipment in the ordinary course of business of the Borrower or any of its Restricted Subsidiaries, or (c) as may be contained in any Loan Document including, without limitation, the Subsidiary Guaranty, or (d) a Guaranty of any obligation of any employee of the Borrower or any of its Restricted Subsidiaries, provided that the aggregate amount guaranteed under all such Guaranties shall not exceed $1,000,000 at any time, or (e) Guaranties in existence on the Agreement Date, as described on Schedule 12 attached hereto, of obligations of certain Unrestricted Subsidiaries under certain cell site, retail outlet, and other real estate leases, provided that (i) the maximum amount of rent and other obligations so guaranteed shall not exceed $3,500,000, and (ii) no such lease shall have its term extended without termination of the related Borrower or Restricted Subsidiary Guaranty or (f) Guaranties of obligations of Unrestricted Subsidiaries so long as such Guaranties are included as part of Total Debt.

Limitation on Guaranties. Borrower will not assume, guaranty, endorse or be or become secondarily liable for any Debt which is the primary obligation of any other Person.

Limitation on Guaranties. 56 Section 7.6 Investments and Acquisitions.......................................................57 Section 7.7

Limitation on Guaranties. The Borrower shall not, and shall not permit any of its Restricted Subsidiaries to, at any time Guaranty, assume, be obligated with respect to, or permit to be outstanding any Guaranty of, any obligation of any other Person other than (i) a guarantyGuaranty by endorsement of negotiable instruments for collection or deposit in the ordinary course of business, or (ii) Guaranties permitted pursuant to Section 7.1, or (iii) as may be contained in any Loan Document including, without limitation, any Restricted Subsidiary Guaranty, or (iv) Investments permitted under Section 7.6 in the form of Guaranties, or (v) Guaranties by the Borrower of obligations of its Restricted Subsidiaries (other than Indebtedness) not prohibited by this Agreement, or (vi) Guaranties by any Restricted Subsidiary of the Borrower of obligations of any other Restricted Subsidiary of the Borrower not prohibited hereunder, or (vii) Guaranties of Capital Leases and real property leases entered into by Borrower or any of its Restricted Subsidiaries.

Limitation on Guaranties. Incur, create, assume or suffer to exist any Guaranty, either directly or indirectly, except: (a) the endorsement of negotiable instruments for deposit or collection in the ordinary course of business; (b) the Guaranties made by the Guarantors pursuant to the Amended and Restated Consolidated Subsidiary Guaranty Agreement; (c) Guaranties of obligations of a Credit Party which obligations are not prohibited hereunder; (d) Guaranties set forth on Schedule 6.1(b) hereto; (e) Guaranties of Indebtedness or L/C Indebtedness permitted by Section 6.1 hereof; (f) Guaranties constituting Investments that are not prohibited by Section 6.4; (g) other Guaranties of obligations and liabilities which do not in the aggregate expose the guarantors thereof to an amount in excess of $1,000,000 and (h) Guaranties by the Borrower of the obligations set forth on Schedule 6.3 hereto.

Limitation on Guaranties. The Borrower shall not, and shall not permit any of the Guarantors to, at any time guarantee, or assume, be obligated with respect to, or permit to be outstanding any Guaranty of, any obligation of any other Person other than (a) under any Loan Document, (b) obligations under agreements to indemnify Persons who have issued bid or performance bonds or letters of credit issued in lieu of such bonds in the ordinary course of business of such Borrower Party securing performance by any Borrower Party of activities otherwise permissible hereunder, (c) a guaranty by endorsement of negotiable instruments for collection in the ordinary course of business, (d) the guaranty obligations of the Borrower arising in respect of the Cubs Guaranty and the Sportsvision Guaranty, so long as (i) such obligations do not exceed (x) in the case of the Cubs Guaranty, $119,250,000, and (y) in the case of the Sportsvision Guaranty, $330,750,000, in each case at any time during the term of this Agreement without the prior written consent of the Arrangers, (ii) such obligations are unsecured, (iii) the terms of the Cubs Guaranty and the Sportsvision Guaranty, and the programming rights agreements underlying such Guaranties, do not provide for acceleration of the obligations thereunder, and (iv) none of the terms of the Cubs Guaranty and the Sportsvision Guaranty, and the programming rights agreements underlying such Guaranties, shall be amended or modified during the term of this Agreement, without the prior written consent of the Arrangers, if the effect of such amendment or modification would be to increase the amount of the Borrower’s obligations under either the Cubs Guaranty or the Sportsvision Guaranty, (e) Guaranties constituting Investments permitted to be made pursuant to Section 8.2(c), (f) unsecured Guaranties of the Borrower’s obligations in respect of any Authorized Debt Issuance, and (g) those Guaranties described on Schedule 8.6 attached hereto (as such schedule may be amended by the Borrower from time to time), undertaken in the ordinary course of business of the Borrower Parties, including, without limitation, Guaranties issued for purposes of securing (i) programming or transponder rights, (ii) production, sports team and product related arrangements, (iii) affiliation agreements, (iv) advertising representation agreements, marketing and service arrangements, or (v) real estate leases, and extensions, replacements and modifications of the foregoing, provided that the...

Limitation on Guaranties. The Borrower shall not, and shall not permit any of its Subsidiaries to, at any time Guaranty, assume, be obligated with respect to, or permit to be outstanding any Guaranty of, any obligation of any other Person other than (a) a guaranty by endorsement of negotiable instruments for collection in the ordinary course of business, (b) obligations under agreements of the Borrower or any of its Subsidiaries entered into in connection with leases of real property or the acquisition of services, supplies and equipment in the ordinary course of business of the Borrower or any of its Subsidiaries, (c) Guaranties of Indebtedness incurred as permitted pursuant to Section 7.1 hereof (other than Section 7.1(h) hereof), (d) as may be contained in any Loan Document, including, without limitation, the Subsidiary Guaranty or (e) in its capacity as a general partner in any of its Subsidiaries.

Limitation on Guaranties. The Borrower shall not, and shall not permit any of its Subsidiaries to, at any time Guaranty, assume, be obligated with respect to, or permit to be outstanding any Guaranty of, any obligation of any other Person other than: (a) a guaranty by endorsement of negotiable instruments for collection in the ordinary course of business; (b) as may be contained in any Loan Document; or (c)