Existing Subsidiary Guaranty definition
Examples of Existing Subsidiary Guaranty in a sentence
Lender Secured Claims constitute any Claim arising under or relating to the Existing Credit Agreement, Existing Subsidiary Guaranty or any related documents.
An amendment to the Security Agreement (or, if applicable, the Existing Subsidiary Guaranty and Security Agreement), duly executed and delivered by the Company (or the appropriate Subsidiary) and the Agent and the certificates identified in Annex 1 thereto, accompanied by undated stock powers executed in blank.
Effective on the Restatement Effective Date (as defined below), the Existing Subsidiary Guaranty is hereby amended and restated in its entirety to read as set forth in the Subsidiary Guaranty.
The amendment and restatement of the Existing Subsidiary Guaranty as contemplated hereby shall not be construed to discharge or otherwise affect any obligations of the “Subsidiary Guarantors” (as referred to and defined in the Existing Loan Agreement) accrued or otherwise owing under the Existing Loan Agreement or the Existing Subsidiary Guaranty that have not been paid, it being understood that such obligations will constitute obligations pursuant to the Subsidiary Guaranty.
The Existing Borrower Security Agreement and the Existing Subsidiary Guaranty, to the extent provided in the Borrower Pledge Agreement (Bank), the Subsidiary Guaranty and the Restricted Subsidiary Security Agreement (Bank) remain in full force and effect and continue to secure the obligations of the Loan Parties as set forth therein.