Future Subsidiary Guarantors definition

Future Subsidiary Guarantors means those Future Sabra Subsidiaries that do not hold properties subject to mortgages as of the Closing Date whose terms prohibit such subsidiaries from entering into guarantees of other indebtedness, including those listed on Exhibit F.
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Future Subsidiary Guarantors and “Future Subsidiary Guarantor Pledgors” have the meanings ascribed to them in each Secured Party Document.
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Future Subsidiary Guarantors. The Company will cause (1) each Domestic Restricted Subsidiary that Incurs Indebtedness and (2) each Foreign Restricted Subsidiary that Incurs Material Indebtedness to become a Subsidiary Guarantor, and, if applicable, execute and deliver to the Trustee a supplemental indenture in the form set forth in the Indenture pursuant to which such Restricted Subsidiary will guarantee payment of the Notes; provided that the Company shall not cause any Special Purpose Subsidiary to become a Subsidiary Guarantor unless such Special Purpose Subsidiary Incurs Indebtedness other than Indebtedness in respect of the Credit Agreement (or any Refinancing Indebtedness Incurred to Refinance such Indebtedness) or FCC Debt; provided further that in the event that a Subsidiary Guarantor no longer has outstanding, other than the Subsidiary Guarantee, any Indebtedness (in the case of a Domestic Restricted Subsidiary) or Material Indebtedness (in the case of a Foreign Restricted Subsidiary), the Subsidiary Guarantee of that Subsidiary Guarantor shall terminate. Each Subsidiary Guarantee will be limited to an amount not to exceed the maximum amount that can be guaranteed by that Restricted Subsidiary without rendering the Subsidiary Guarantee, as it relates to such Restricted Subsidiary, voidable under applicable law relating to fraudulent conveyance or fraudulent transfer or similar laws affecting the rights of creditors generally.
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Examples of Future Subsidiary Guarantors in a sentence

  • Execution of Supplemental Indenture for Future Subsidiary Guarantors...

  • Execution of Supplemental Indenture for Future Subsidiary Guarantors 20 Section 9.07.

  • Execution of Guarantee Agreement for Future Subsidiary Guarantors 95 SECTION 10.08.

  • Execution of Subsidiary Guarantee for Future Subsidiary Guarantors Section 17.08.

  • Execution of Supplemental Indenture for Future Subsidiary Guarantors .

  • Execution of Supplemental Indenture for Future Subsidiary Guarantors...............................

  • Execution of Supplemental Indenture for Future Subsidiary Guarantors...................................

  • Execution of Supplemental Indenture for Future Subsidiary Guarantors................................................

  • Execution of Supplemental Indenture for Future Subsidiary Guarantors ..................

  • Execution of Supplemental Indenture for Future Subsidiary Guarantors 65 SECTION 12.07.