Common use of Limitation on Guaranties Clause in Contracts

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. The Borrower shall not, and shall cause each not permit any of its Restricted Subsidiaries not the Subsidiary Guarantors to, at any time Guarantyguarantee, 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 or any Credit Party Interest Hedge Agreement, (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 Rainbow Company securing performance by any Rainbow Company of activities otherwise permissible hereunder, (c) a Guaranty guaranty by endorsement of negotiable instruments for collection in the ordinary course of business, or (bd) obligations under agreements Guaranties constituting Investments permitted to be made pursuant to Section 8.2(d), (f) unsecured Guaranties of the Borrower's or Holdings'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 or any of its Restricted Subsidiaries entered into in connection with leases of real property or the acquisition of servicesfrom time to time), supplies and equipment undertaken in the ordinary course of business of the Borrower or any of its Restricted SubsidiariesRainbow Companies, or (c) as may be contained in any Loan Document including, without limitation, the Subsidiary GuarantyGuaranties issued for purposes of securing (i) programming or transponder rights, (ii) production and product related arrangements, (iii) affiliation agreements, (iv) advertising representation agreements, marketing and service arrangements, or (dv) a Guaranty of any obligation of any employee real estate leases, and extensions, replacements and modifications of the Borrower or any of its Restricted Subsidiariesforegoing, provided that the aggregate amount guaranteed under of all such Guaranties shall under this Section 8.6(g) at any time outstanding does 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 Debt45,000,000.

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 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 a subordinated and unsecured Guaranty by the Borrower of obligations of its Restricted Subsidiaries with respect to Seller Subordinated Debt, or (f) guaranties in existence on the Agreement Date, as described on Schedule 12 15 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 DebtGuaranty.

Limitation on Guaranties. The Borrower shall not, and shall cause each not permit any of its Restricted Subsidiaries not the Subsidiary Guarantors to, at any time Guarantyguarantee, 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 or any Credit Party Interest Hedge Agreement, (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 Rainbow Company securing performance by any Rainbow Company of activities otherwise permissible hereunder, (c) a Guaranty guaranty by endorsement of negotiable instruments for collection in the ordinary course of business, or (bd) obligations under agreements Guaranties constituting Investments permitted to be made pursuant to Section 8.2(d), (f) unsecured Guaranties of the Borrower’s or Holdings’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 or any of its Restricted Subsidiaries entered into in connection with leases of real property or the acquisition of servicesfrom time to time), supplies and equipment undertaken in the ordinary course of business of the Borrower or any of its Restricted SubsidiariesRainbow Companies, or (c) as may be contained in any Loan Document including, without limitation, the Subsidiary GuarantyGuaranties issued for purposes of securing (i) programming or transponder rights, (ii) production and product related arrangements, (iii) affiliation agreements, (iv) advertising representation agreements, marketing and service arrangements, or (dv) a Guaranty of any obligation of any employee real estate leases, and extensions, replacements and modifications of the Borrower or any of its Restricted Subsidiariesforegoing, provided that the aggregate amount guaranteed under of all such Guaranties shall under this Section 8.6(g) at any time outstanding does 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 Debt45,000,000.