Examples of Guarantor Companies in a sentence
If Companies, in its sole discretion, undertakes at any time or from time to time to provide any such information to Guarantor, Companies shall be under no obligation to update any such information or to provide any such information to Guarantor on any subsequent occasion.
All such waivers by the Guarantor Companies shall be effective only to the extent permitted by applicable law.
Borrower: ALON USA, LP By: Alon USA GP, LLC, a Delaware limited liability company, its general partner By: /s/ Shai Even Name: Shai Even Title: Senior Vice President and Chief Financial Officer Guarantor Companies: ALON USA OPERATING, INC ALON USA REFINING, INC.
Until December 22, 2010, all direct obligations under the senior notes were jointly and severally, irrevocably and fully and unconditionally guaranteed by Willis Group Holdings, Willis Netherlands Holdings B.V., Willis Investment UK Holdings Limited, TA I Limited, TA II Limited, Trinity Acquisition plc, TA III Limited, TA IV Limited, and Willis Group Limited, the Guarantor Companies.
Principles embody a recognition by all parties that there may be certain legal and practical difficulties in obtaining effective guarantees and security from all Material Companies and other members of the Group required to give guarantees and security (the “Guarantor Companies”) in every jurisdiction in which Guarantor Companies are or may in the future be located.
If acceleration of the time for payment of any amount payable by the Borrowers in respect of the Obligations is stayed upon the insolvency, bankruptcy or reorganization of any Borrower, all such amounts otherwise subject to acceleration under the terms of this Agreement shall nonetheless be payable by the Guarantor Companies hereunder forthwith on demand by the Agent, the WC Collateral Agent, the Lenders or the L/C Issuer.
The revised DOCA proposal is attached to this report, and is summarised below: Key objectives The Mining Pool DOCA has been drafted having regard to the following key issues: ▪ The objective of enhancing returns to all creditors; ▪ Preserving the effect of the guarantees executed by the Guarantor Companies in favour of the Financial Creditors; and ▪ Dealing with the potential complexity of any future rights of subrogation and co- contribution.
The obligations of each Guarantor Company under this Article XI are independent of the obligations of the Borrowers under this Agreement and the other Loan Documents and a separate action or actions may be brought and prosecuted against the Guarantor Companies to enforce this Article XI irrespective of whether any action is brought against any of the Borrowers or whether any of the Borrowers are joined in any such action.
The assets of these companies were distributed to the other Guarantor Companies, either directly or indirectly, as a final distribution paid prior to their entering member’s voluntary liquidation.
FINANCIAL INFORMATION FOR PARENT GUARANTOR, OTHER GUARANTOR SUBSIDIARIES AND NON-GUARANTOR SUBSIDIARIES (Continued) as guarantors to the other Guarantor Companies.