Common use of Subordination of Guarantee Clause in Contracts

Subordination of Guarantee. SECTION 12.01. Guarantee Subordinated to Senior Debt of Guarantor... 63 SECTION 12.02. No Payment on Guarantees in Certain Circumstances.... 63 SECTION 12.03. Payment Over of Proceeds upon Dissolution, etc....... 64 SECTION 12.04. Subrogation.......................................... 65 SECTION 12.05.

Appears in 1 contract

Samples: Indenture (Aep Industries Inc)

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Subordination of Guarantee. SECTION 12.01. Guarantee Obligations Subordinated to Senior Debt of Guarantor... 63 .....................................98 SECTION 12.02. No Payment on Guarantees in Certain Circumstances.... 63 ..............98 SECTION 12.03. Payment Over of Proceeds upon Dissolution, etc....... 64 ................100 SECTION 12.04. Subrogation.......................................... 65 ...................................................101 SECTION 12.05.

Appears in 1 contract

Samples: Indenture (Tekni Plex Inc)

Subordination of Guarantee. SECTION 12.0112.1. Guarantee Obligations Subordinated to Senior Debt of Guarantor... 63 ..................................................84 SECTION 12.0212.2. No Payment on Guarantees in Certain Circumstances.... 63 SECTION 12.03. Payment Over of Proceeds upon Dissolution, etc....... 64 SECTION 12.04. Subrogation.......................................... 65 SECTION 12.05.............84 (iii)

Appears in 1 contract

Samples: Indenture (United Auto Group Inc)

Subordination of Guarantee. SECTION 12.018.1. Guarantee Obligations Subordinated to Guarantor Senior Debt of Guarantor... 63 Indebtedness.............................................. 73 SECTION 12.028.2. No Payment on Guarantees in Certain Circumstances.... 63 ............ 73 SECTION 12.038.3. Payment Over of Proceeds upon Dissolution, etc....... 64 ............... 75 SECTION 12.048.4. Subrogation.......................................... 65 .................................................. 76 SECTION 12.058.5.

Appears in 1 contract

Samples: Supplemental Indenture (Canandaigua LTD)

Subordination of Guarantee. SECTION 12.01. Guarantee Obligations Subordinated to Guarantor Senior Debt of Guarantor... 63 Indebtedness......................77 SECTION 12.02. No Payment on Guarantees in Certain Circumstances.... 63 ........................................77 SECTION 12.03. Payment Over of Proceeds upon Dissolution, etc....... 64 Etc...........................................78 SECTION 12.04. Subrogation.......................................... 65 ..............................................................................79 SECTION 12.05.

Appears in 1 contract

Samples: Indenture (Aas Capital Corp)

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Subordination of Guarantee. SECTION 12.01. Guarantee Obligations Subordinated to Guarantor Senior Debt of Guarantor... 63 Debt..................................................... 95 SECTION 12.02. No Payment on Guarantees Guarantee in Certain Circumstances.... 63 ............. 95 SECTION 12.03. Payment Over of Proceeds upon Dissolution, etc....... 64 ............... 96 SECTION 12.04. Subrogation.......................................... 65 .................................................. 97 SECTION 12.05.

Appears in 1 contract

Samples: Indenture (Autotote Corp)

Subordination of Guarantee. 18 SECTION 12.01. 8.1 Guarantee Subordinated Subordinate to Guarantor Senior Debt of Guarantor... 63 Debt......................................................................... 18 SECTION 12.02. No Payment on Guarantees in Certain Circumstances.... 63 SECTION 12.03. 8.2 Payment Over of Proceeds upon Upon Dissolution, etc....... 64 Etc.......................................................................... 18 SECTION 12.04. Subrogation.......................................... 65 8.3 No Payment When Guarantor Senior Debt in Default...................................................................... 19 SECTION 12.05.8.4

Appears in 1 contract

Samples: Guarantee Agreement (Alcoa Trust I)

Subordination of Guarantee. SECTION 12.01. Guarantee Subordinated to Senior Debt of Guarantor... 63 ..................56 SECTION 12.02. No Payment on Guarantees in Certain Circumstances.... 63 ...................57 SECTION 12.03. Payment Over of Proceeds upon Dissolution, etc....... 64 ......................58 SECTION 12.04. Subrogation.......................................... 65 .........................................................59 SECTION 12.05.

Appears in 1 contract

Samples: Indenture (HRM Holdings Corp)

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