Additional Guarantor Event definition

Additional Guarantor Event any time when any Person that is not a -------------------------- Guarantor becomes a wholly-owned Domestic Subsidiary of the Borrower after the Effective Date.
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Additional Guarantor Event any time when (i) any Person that is -------------------------- not a Guarantor becomes a First-Tier wholly-owned Domestic Subsidiary of the Borrower after the Effective Date, or (ii) (x) the aggregate total assets (without duplication) at such time of all Subsidiaries of the Borrower formed or acquired after the Effective Date that are not Guarantors, plus (y) the aggregate total Investments made during the period from the Effective Date to such time (calculated without duplication and excluding Investments made pursuant to Section 8.5(g) to the extent the proceeds thereof were used to acquire Stock or assets included in (x) above) by the Credit Parties in all Subsidiaries of the Borrower that are not Guarantors, less (z) the aggregate total assets at such time of all Subsidiaries of the Borrower existing on the Effective Date that became Guarantors after the Effective Date, exceeds 10% of the Consolidated total assets of the Borrower and its Subsidiaries at such time.
Sample 1
Additional Guarantor Event any time when (i) any Person that is not -------------------------- a Guarantor becomes a First-Tier wholly-owned Domestic Subsidiary of the Borrower after the Effective Date, or (ii) (x) the aggregate total assets (without duplication) at such time of all Subsidiaries of the Borrower formed or acquired after the Effective Date that are not Guarantors, plus (y) the ---- aggregate total Investments made during the period from the Effective Date to such time (calculated without duplication and excluding Investments made pursuant to Section 8.5(f) to the extent the proceeds thereof were used to acquire Stock or assets included in (x) above) by the Credit Parties in all Subsidiaries of the Borrower that are not Guarantors, less (z) the aggregate ---- total assets at such time of all Subsidiaries of the Borrower existing on the Effective Date that became Guarantors after the Effective Date, exceeds 10% of the Consolidated total assets of the ------- Borrower and its Subsidiaries.
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Examples of Additional Guarantor Event in a sentence

  • Upon such waiver, any such Event of Default or Additional Guarantor Event of Default shall cease to exist, and any Event of Default or Additional Guarantor Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Guarantee Agreement, but no such waiver shall extend to any subsequent or other default, Event of Default or Additional Guarantor Event of Default or impair any right consequent therefrom.

  • The Holders of a Majority in liquidation preference of the Preferred Securities may, on behalf of the Holders, waive any past Event of Default or Additional Guarantor Event of Default and its consequences.

Related to Additional Guarantor Event

  • Additional Guarantor means a company which becomes an Additional Guarantor in accordance with Clause 25 (Changes to the Obligors).

  • Additional Guarantors shall have the meaning assigned to such term in the Preamble hereof.

  • Original Guarantor means the Persons identified as such in the first paragraph of this Indenture until a successor Person shall have become such pursuant to the applicable provisions of this Indenture, and thereafter each such successor Person shall be an “Original Guarantor”.

  • Guarantor Joinder Agreement means a guarantor joinder agreement substantially in the form of Exhibit 7.14 delivered by a Domestic Subsidiary of the Borrower pursuant to Section 7.14.

  • Original Guarantors shall have the meaning assigned to such term in the Preamble hereof.

  • Subsidiary Joinder Agreement means a joinder to this Agreement, substantially in the form of Exhibit C.

  • Guarantor Joinder means a joinder by a Person as a Guarantor under the Loan Documents in the form of Exhibit 1.1(G)(1).

  • Guaranty Supplement has the meaning specified in Section 8.05.

  • Guaranty Joinder Agreement means each Guaranty Joinder Agreement, substantially in the form thereof attached to the Guaranty, executed and delivered by a Guarantor or any other Person to the Administrative Agent pursuant to Section 6.12 or otherwise.

  • Subsidiary Guaranty Agreement means each unconditional guaranty agreement executed by the Subsidiary Guarantors in favor of the Administrative Agent for the ratable benefit of the Secured Parties, substantially in the form of Exhibit H, as amended, restated, supplemented or otherwise modified from time to time.

  • Accession Agreement means an Accession Agreement substantially in the form of Annex I to the Guaranty.

  • Additional Grantor means each Subsidiary of the Borrower which hereafter becomes a Grantor pursuant to Section 7.15 hereof and Section 5.11 of the Loan Agreement.

  • Subsidiary Guarantee Agreement means the Subsidiary Guarantee Agreement, substantially in the form of Exhibit D, made by the Subsidiary Loan Parties in favor of the Administrative Agent for the benefit of the Lenders.

  • Additional Borrower means a company which becomes an Additional Borrower in accordance with Clause 25 (Changes to the Obligors).

  • Security Joinder Agreement means each Security Joinder Agreement, substantially in the form thereof attached to the Security Agreement, executed and delivered by a Guarantor or any other Person to the Administrative Agent pursuant to Section 6.12 or otherwise.

  • Additional Subsidiary Guarantor means each Person that becomes a Subsidiary Guarantor after the Closing Date by execution of an Accession Agreement as provided in Section 6.12.

  • Qualifying Affiliate Guarantee means a Qualifying Guarantee provided by a Reference Entity in respect of an Underlying Obligation of a Downstream Affiliate of that Reference Entity.

  • Subsidiary Guaranty means the Subsidiary Guaranty made by the Subsidiary Guarantors in favor of the Administrative Agent and the Lenders, substantially in the form of Exhibit G.

  • New Subsidiary means, as of any date of determination, any Person in which the Company after the Subscription Date, directly or indirectly, (i) owns or acquires any of the outstanding capital stock or holds any equity or similar interest of such Person or (ii) controls or operates all or any part of the business, operations or administration of such Person, and all of the foregoing, collectively, “New Subsidiaries.”

  • Guarantee Amount means the maximum amount payable under a guarantee which amount shall be specifically set forth in writing at the time the guarantee is entered into by the authority.

  • Borrower Joinder Agreement means a joinder agreement substantially in the form of Exhibit H.

  • Lender Joinder Agreement means a joinder agreement in form and substance reasonably satisfactory to the Administrative Agent delivered in connection with Section 5.13.

  • U.S. Subsidiary Guarantor means each U.S. Subsidiary which has executed and delivered to the U.S. Administrative Agent the U.S. Subsidiary Guaranty (or a supplement thereto).

  • Joinder Supplement means an agreement among the Borrower, a Lender, its Lender Agent and the Administrative Agent in the form of Exhibit E to this Agreement (appropriately completed) delivered in connection with a Person becoming a Lender hereunder after the Closing Date.

  • Joinder Agreement means a joinder agreement substantially in the form of Exhibit F.

  • Subsidiary Guaranties means the Domestic Subsidiary Guaranty and each Foreign Subsidiary Guaranty.