Affiliate Guarantors definition
Examples of Affiliate Guarantors in a sentence
As credit support for the Obligations, on or before the Closing Date, the Westcor Guarantors, the Wilmorite Guarantors and the Affiliate Guarantors shall each execute and deliver to the Administrative Agent, for the benefit of the Lenders, a Subsidiary Guaranty.
The final paragraph of Section 10.2 of the Note Purchase Agreement is hereby amended and restated in its entirety as follows: For so long as the Notes remain outstanding, each of the Company and the Initial Affiliate Guarantors must be organized under the laws of the United States or any state or territory thereof (including, for the avoidance of doubt, after giving effect to any of the transactions contemplated by this Section 10.2 involving an Obligor).
If any amount shall be paid to the Affiliate Guarantors on account of any such subrogation rights or other remedy, notwithstanding the waiver thereof, such amount shall be received in trust for the benefit of the holders of the Notes and shall forthwith be paid to such holders to be credited and applied upon the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.
No event has occurred which, with or without notice, lapse of time or both, would constitute a default on the part of the Affiliate Guarantors under the Affiliate Guarantee.
This Note and the Affiliate Collateral Documents have been duly executed and delivered on behalf of the Borrowers and constitutes such person's legal, valid and binding obligation, enforceable against the Borrowers and the Affiliate Guarantors in accordance with its terms.