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

Limitation on Issuances of Guarantees by Restricted Subsidiaries. (a) The Company will not permit any Restricted Subsidiary which is not a Subsidiary Guarantor, directly or indirectly, to Guarantee any Indebtedness (“Guaranteed Indebtedness”) of the Company or any other Restricted Subsidiary, unless (i) (x) such Restricted Subsidiary simultaneously executes and delivers a supplemental indenture to the Indenture providing for an unsubordinated Subsidiary Guarantee of payment of the Notes by such Restricted Subsidiary and

Appears in 3 contracts

Samples: Indenture, Indenture, Indenture

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Limitation on Issuances of Guarantees by Restricted Subsidiaries. (a) The Company will not permit any Restricted Subsidiary which is not a Subsidiary GuarantorSubsidiary, directly or indirectly, to Guarantee any Indebtedness (“Guaranteed Indebtedness”) of the Company or any other Restricted Subsidiary("Guaranteed Indebtedness"), unless (i) (x) such Restricted Subsidiary simultaneously executes and delivers a supplemental indenture to the this Indenture providing for an unsubordinated a Guarantee (a "Subsidiary Guarantee Guarantee") of payment of the Notes Securities by such Restricted Subsidiary and

Appears in 1 contract

Samples: Senior Subordinated Deferred Interest Notes Indenture (Winstar Communications Inc)

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Limitation on Issuances of Guarantees by Restricted Subsidiaries. (a) The Company will not permit any Restricted Subsidiary which is not a Subsidiary GuarantorSubsidiary, directly or indirectly, to Guarantee any Indebtedness (“Guaranteed Indebtedness”) of the Company which is pari passu with or any other Restricted Subsidiarysubordinate in right of payment to the Notes ("Guaranteed Indebtedness"), unless (i) (x) such Restricted Subsidiary simultaneously executes and delivers a supplemental indenture to the Indenture providing for an unsubordinated Subsidiary Guarantee of payment of the Notes by such Restricted Subsidiary andSubsidiary

Appears in 1 contract

Samples: Indenture (Kansas City Southern De Mexico, S.A. De C.V.)

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