Examples of Initial Subsidiary Guarantor in a sentence
As of the Execution Date, Ford and each Initial Subsidiary Guarantor own, or are licensed to use, all Intellectual Property (as defined in Annex 1 (Defined Terms for Specific Representations, Warranties and Covenants of Ford)) necessary for the operation of their respective businesses as currently conducted and as proposed to be conducted, except where the failure to own or be licensed could not reasonably be expected to have a Ford Sponsor Material Adverse Effect.
Ford shall not, and shall not permit (a) any Initial Subsidiary Guarantor that is then a Domestic Subsidiary and not a Foreign Subsidiary Holding Company or (b) any Principal Domestic Subsidiary to, create, incur, assume or suffer to exist any Lien upon any of its assets except Ford Permitted Liens (as defined in Annex 1 (Defined Terms for Specific Representations, Warranties and Covenants of Ford)).