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

Limitation on Issuances of Guarantees of Indebtedness by Restricted Subsidiaries. (a) No Restricted Subsidiary (other than the Issuer or a Guarantor) shall guarantee or otherwise become obligated under any Indebtedness under the Senior Credit Facility or any Existing Senior Secured Notes or guarantee any other Indebtedness of the Issuer or any Guarantor in an amount in excess of £50.0 million, unless such Restricted Subsidiary is or becomes an Additional Guarantor on the date on which such other guarantee or Indebtedness is Incurred (or as soon as reasonably practicable thereafter) and, if applicable, executes and delivers to the Trustee a supplemental indenture in the form set forth in Exhibit E hereto pursuant to which such Restricted Subsidiary will provide an Additional Subsidiary Guarantee (which Additional Subsidiary Guarantee shall be senior to or pari passu with such Restricted Subsidiary’s guarantee of such other Indebtedness); provided that:

Appears in 2 contracts

Samples: Supplemental Indenture (Liberty Global PLC), Supplemental Indenture (Liberty Global PLC)

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Limitation on Issuances of Guarantees of Indebtedness by Restricted Subsidiaries. (a) No Restricted Subsidiary (other than the Issuer or a Guarantor) shall guarantee or otherwise become obligated under any Indebtedness under the Senior Credit Facility or any Existing Senior Secured Notes or guarantee any other Indebtedness of the Issuer or any Guarantor in an amount in excess of £50.0 million, unless such Restricted Subsidiary is or becomes an Additional Guarantor on the date on which such other guarantee or Indebtedness is Incurred (or as soon as reasonably practicable thereafter) and, if applicable, executes and delivers to the Trustee a supplemental indenture in the form set forth in Exhibit E hereto pursuant to which such Restricted Subsidiary will provide an Additional Subsidiary Guarantee (which Additional Subsidiary Guarantee shall be subordinated to Senior Indebtedness of such Additional Guarantor and senior to or pari passu with such Restricted Subsidiary’s guarantee of such other Indebtedness); provided that:

Appears in 1 contract

Samples: Supplemental Indenture (Liberty Global PLC)

Limitation on Issuances of Guarantees of Indebtedness by Restricted Subsidiaries. (a) No Restricted Subsidiary (other than the Issuer or a Guarantor) shall guarantee or otherwise become obligated under any Indebtedness under the Senior Credit Facility or Facility, any Existing Senior Secured Notes or any the Existing Senior Notes or guarantee any other Indebtedness of the Issuer or any Guarantor in an amount in excess of £50.0 million, unless such Restricted Subsidiary is or becomes an Additional Guarantor on the date on which such other guarantee or Indebtedness is Incurred (or as soon as reasonably practicable thereafter) and, if applicable, executes and delivers to the Trustee a supplemental indenture Indenture in the form set forth in Exhibit E hereto pursuant to which such Restricted Subsidiary will provide an Additional Subsidiary Guarantee (which Additional Subsidiary Guarantee shall be senior to or pari passu with such Restricted Subsidiary’s guarantee of such other Indebtedness); provided that:

Appears in 1 contract

Samples: Supplemental Indenture (Liberty Global PLC)

Limitation on Issuances of Guarantees of Indebtedness by Restricted Subsidiaries. (a) No The Company and any Permitted Affiliate Parent will not permit any Restricted Subsidiary (other than the Issuer a Proceeds Loan Obligor) to, directly or a Guarantor) shall indirectly, guarantee or otherwise become obligated under any Indebtedness under of any Proceeds Loan Obligor after the Senior Credit Facility or any Existing Senior Secured Notes or guarantee any other Indebtedness of the Issuer or any Guarantor 2021 Amendment Effective Date in an amount in excess of £$50.0 million, million unless such Restricted Subsidiary is or becomes an Additional a Proceeds Loan Guarantor on the date on which such other guarantee or Indebtedness is Incurred (or as soon as reasonably practicable thereafter) and, if applicable, executes and delivers to the Trustee a supplemental indenture in Administrative Agent the form set forth in Exhibit E hereto documentation required by Section 10.21(c) pursuant to which such Restricted Subsidiary will provide an Additional Subsidiary a Proceeds Loan Guarantee (which Additional Subsidiary Proceeds Loan Guarantee shall be senior to or pari passu with such Restricted Subsidiary’s guarantee of such other Indebtedness); provided that:,

Appears in 1 contract

Samples: Credit Agreement (Liberty Latin America Ltd.)

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Limitation on Issuances of Guarantees of Indebtedness by Restricted Subsidiaries. (a) No Restricted Subsidiary (other than the Issuer, the Affiliate Issuer or a Guarantor) shall guarantee or otherwise become obligated under any Indebtedness under the Senior Credit Facility or any Existing Senior Secured Notes or guarantee any other Indebtedness of the Issuer or any Guarantor in an amount in excess of £50.0 million, unless such Restricted Subsidiary is or becomes an Additional Guarantor on the date on which such other guarantee or Indebtedness is Incurred (or as soon as reasonably practicable thereafter) and, if applicable, executes and delivers to the Trustee a supplemental indenture in the form set forth in Exhibit E hereto pursuant to which such Restricted Subsidiary will provide an Additional Subsidiary Guarantee (which Additional Subsidiary Guarantee shall be senior to or pari passu with such Restricted Subsidiary’s guarantee of such other Indebtedness); provided that:

Appears in 1 contract

Samples: Liberty Global PLC

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