Limitation on Issuance of Guarantees of Indebtedness. (a) The Company will not permit any of its Restricted Subsidiaries that are not Guarantors on the Issue Date, directly or indirectly, to Guarantee the payment of any other Indebtedness of the Company or its Restricted Subsidiaries unless such Restricted Subsidiary simultaneously executes and delivers a supplemental indenture providing for the Note Guarantee of the payment of the Notes by such Restricted Subsidiary which Guarantee will be senior to or pari passu with such Restricted Subsidiary’s guarantee of such other Indebtedness and with respect to any guarantee of Indebtedness that is expressly contractually subordinated in right of payment to the Notes or to any Note Guarantee by such Restricted Subsidiary, any such guarantee will be subordinated to such Restricted Subsidiary’s Note Guarantee at least to the same extent as such subordinated Indebtedness is subordinated to the Notes.
Limitation on Issuance of Guarantees of Indebtedness. (a) The Company will not permit any of its Restricted Subsidiaries (other than Immaterial Subsidiaries) that is not a Guarantor to Guarantee, directly or indirectly, the payment of any obligations of the Issuer or a Guarantor under a Credit Facility, the Convertible Notes, the Existing Revolving Facility, the 2023 First-Priority Secured Notes, the Existing Term Loan Facility or any other Indebtedness of the Issuer or a Guarantor having an aggregate outstanding principal amount in excess of $300.0 million unless such Restricted Subsidiary simultaneously executes and delivers a Supplemental Indenture providing for the Note Guarantee of the payment of the Notes by such Restricted Subsidiary which Note Guarantee will be senior to or pari passu in right of payment with such Restricted Subsidiary’s Guarantee of such other Indebtedness and with respect to any Guarantee of Indebtedness that is expressly contractually subordinated in right of payment to the Notes or to any Note Guarantee by such Restricted Subsidiary, any such Guarantee will be subordinated to such Restricted Subsidiary’s Note Guarantee at least to the same extent as such subordinated Indebtedness is subordinated to the Notes. The foregoing paragraph will not be applicable to any Guarantees of any Restricted Subsidiary:
Limitation on Issuance of Guarantees of Indebtedness. The Company shall not permit any Restricted Subsidiary, directly or indirectly, to guarantee or secure the payment of any Indebtedness of the Company unless such Restricted Subsidiary simultaneously executes and delivers supplemental indentures to this Indenture providing for the guarantee or security of the payment of the Notes by such Restricted Subsidiary (other than the grant of security interests in cash and cash equivalents, receivables and product inventories to secure obligations under the Credit Agreement). If the Indebtedness to be guaranteed is subordinated to the Notes, the guarantee or security of such Indebtedness shall be subordinated to the guarantee or security of the Notes to the same extent as the Indebtedness to be guaranteed is subordinated to the Notes under this Indenture. Notwithstanding the foregoing, any such guarantee or security by a Restricted Subsidiary of the Notes shall provide by its terms that it shall be automatically and unconditionally released and discharged upon either (i) the release or discharge of such guarantee or security of payment of such other Indebtedness, except a discharge by or as a result of payment under such guarantee or security, or (ii) any sale, exchange or transfer, to any Person not an Affiliate of the Company, of all of the Company's Capital Stock in, or all or substantially all the assets of, such Restricted Subsidiary, which sale, exchange or transfer is made in compliance with the applicable provision of this Indenture.
Limitation on Issuance of Guarantees of Indebtedness. (a) The Parent Guarantor shall not permit any Non-Guarantor Subsidiary (unless that Subsidiary is an Unrestricted Subsidiary) to, directly or indirectly, Guarantee the payment of any (x) Indebtedness under Credit Facilities incurred under Section 4.06(b)(i) or (y) Capital Markets Indebtedness having an aggregate principal amount outstanding in excess of $25.0 million, in each case, unless, within 30 calendar days of the incurrence of such Guarantee, such Subsidiary executes and delivers a Supplemental Indenture providing for the Note Guarantee by such Subsidiary, which Guarantee will be senior to or pari passu with such Subsidiary’s guarantee of such other Indebtedness and with respect to any guarantee of Indebtedness that is expressly contractually subordinated in right of payment to the Notes or to any such Note Guarantee by such Subsidiary, any such guarantee will be subordinated to such Subsidiary’s Note Guarantee at least to the same extent as such subordinated Indebtedness is subordinated to the Notes.
Limitation on Issuance of Guarantees of Indebtedness. (a) Subject to the Agreed Security Principles, the Intercreditor Agreement and any Additional Intercreditor Agreement, the Company will not permit any of its Restricted Subsidiaries (other than Immaterial Subsidiaries) that is not a Guarantor to Guarantee, directly or indirectly, the payment of any obligations of a Borrower or a Guarantor under a Credit Facility, the Convertible Notes, the Existing Multicurrency Facility (other than, for the avoidance of doubt, Carnival Holdings (Bermuda) II Limited and any of its direct or indirect subsidiaries that guarantee the Forward-Start Facility), the Existing Term Loan Facility, the Existing First-Priority Secured Notes, the Existing Second-Priority Secured Notes, the Existing Unsecured Notes (other than, for the avoidance of doubt, Carnival Holdings (Bermuda) Limited and any of its direct or indirect Subsidiaries that guarantee the 2028 Priority Notes) or any other Indebtedness of a Borrower or a Guarantor, in each case, having an aggregate outstanding principal amount in excess of $300.0 million unless such Restricted Subsidiary simultaneously executes and delivers a Joinder providing for the Guarantee of the payment of the Obligations by such Restricted Subsidiary which Guarantee will be senior to or pari passu with such Restricted Subsidiary’s Guarantee of such other Indebtedness and with respect to any Guarantee of Indebtedness that is expressly contractually subordinated in right of payment to the Obligations or to any Guarantee by such Restricted Subsidiary, any such Guarantee will be subordinated to such Restricted Subsidiary’s Guarantee at least to the same extent as such subordinated Indebtedness is subordinated to the Obligations. Following the provision of any additional Guarantees as described in the immediately preceding paragraph, subject to the Agreed Security Principles, the Intercreditor Agreement and any Additional Intercreditor Agreement (if such security is being granted in respect of the other Indebtedness), any such Guarantor shall provide security over its material assets that are of the same type as any of the Borrowers’ or the Guarantors’ assets that are required to be a part of the 113 Collateral (excluding any assets of such Guarantor which are subject to a Permitted Lien at the time of the execution of such Joinder (to the extent that such Permitted Lien was not created, incurred or assumed in contemplation thereof) if providing such security interest would not be permitted by the term...
Limitation on Issuance of Guarantees of Indebtedness. (a) Wind will not permit any of its Restricted Subsidiaries (other than the Issuer), directly or indirectly, to guarantee the payment of any other Indebtedness of the Issuer or a Guarantor unless such Restricted Subsidiary simultaneously executes and delivers a Supplemental Indenture pursuant to Section 11.04 providing for the Note Guarantee of the payment of the Notes by such Restricted Subsidiary, which Note Guarantee will be senior to or pari passu with such Restricted Subsidiary’s guarantee of such other Indebtedness unless such other Indebtedness is Senior Debt, in which case the Note Guarantee of the Notes may be subordinated to the guarantee of such Senior Debt to the same extent as the Note Guarantees of the Notes are subordinated to the Senior Debt being guaranteed.
Limitation on Issuance of Guarantees of Indebtedness. The Company shall not permit any Restricted Subsidiary, directly or indirectly, to guarantee or secure the payment of any Indebtedness of the Company that is expressly by its terms subordinate or junior in right of payment (other than by reason of maturity) to any other Indebtedness of the Company.
Limitation on Issuance of Guarantees of Indebtedness. The Company shall not permit any of its Restricted Subsidiaries, directly or indirectly, to Guarantee or create any Lien to secure the payment of any Indebtedness of the Company or any other Restricted Subsidiary unless such Restricted Subsidiary simultaneously 71 executes and delivers a supplemental indenture to the Indenture providing for the Guarantee or security of the payment of the Securities by such Restricted Subsidiary; provided, however, that the following Guarantees and Liens will not require a Restricted Subsidiary to execute and deliver such a supplemental indenture: (i) any Guarantee by any Pledged Entity of Indebtedness Incurred under the New Credit Agreement; or (ii) any Lien created by any Restricted Subsidiary to secure Indebtedness Incurred pursuant to Section 4.03(b)(1) or (b)(3). If the Indebtedness to be Guaranteed or secured is subordinated to the Securities, the Guarantee or security of such Indebtedness shall be subordinated to the Guarantee or security of the Securities to the same extent as the Indebtedness to be Guaranteed or secured is subordinated to the Securities. Notwithstanding the foregoing, any such Guarantee or security by a Restricted Subsidiary of the Securities shall provide by its terms that it will be automatically and unconditionally released and discharged upon either:
