Examples of Future Subsidiary Guarantor in a sentence
Within 60 days of the date of such occurrence, such Future Subsidiary Guarantor shall execute or deliver to the Trustee a supplemental indenture making such Future Subsidiary Guarantor a party to the Indenture for such purpose.
Upon the complete and unconditional release of the Future Subsidiary Guarantor from its guarantee of the Guaranteed Indebtedness, such Future Subsidiary Guarantor’s guarantee of the Series H Notes shall be automatically released.
Upon the complete and unconditional release of the Future Subsidiary Guarantor from its guarantee of the Guaranteed Indebtedness, such Future Subsidiary Guarantor’s guarantee of the Series G Notes shall be automatically released.
The Subsidiary Guarantors have on a joint and several basis unconditionally and irrevocably guaranteed (and each Future Subsidiary Guarantor (as defined in Condition 1(C)) will unconditionally and irrevocably guarantee) the due payment of all sums expressed to be payable by the Issuer under the Bonds and the performance of all obligations of the Issuer under the Transaction Documents.
As of May 31, 2003, $40 million in commercial paper was outstanding and is included as part of the unsecured notes due through 2009.