Examples of Intermediate Guarantor in a sentence
If an Event of Default under the bankruptcy provisions described in Section 6.01(a)(7) of the Indenture with respect to the Issuer, any Intermediate Guarantor or any Subsidiary Guarantor occurs, the unpaid principal of and interest on all the Notes will become immediately due and payable without any declaration or other act on the part of the Trustee or any Holders.
If an Event of Default (other than an Event of Default under the bankruptcy provisions described in Section 6.01(a)(7) of the Indenture with respect to the Issuer, any Intermediate Guarantor or any Subsidiary Guarantor) occurs and is continuing, the Trustee or the Holders of at least 25% in aggregate principal amount of the outstanding Notes by notice to the Issuer may declare the principal of and accrued but unpaid interest on all the Notes to be due and payable.
The Borrower, Intermediate Guarantor and their respective Subsidiaries shall not engage in any material line of business substantially different from those lines of business described in Section 7.02(e) or any business substantially related or incidental to such lines of business.
The Borrower shall take all action necessary to prevent the Borrower and Intermediate Guarantor from being, and will take no action which would have the effect of causing either of the Borrower or Intermediate Guarantor to be, treated as an association taxable as a corporation or otherwise to be taxed as an entity for federal income tax purposes.
Xxxxxxxxx Tel: +00000000000 Intermediate Guarantor: TE Connectivity Switzerland Ltd.
Mxxxxxxxxxxxx 00 XX-0000 Xxxxxxxxxxxx, Xxxxxxxxxxx Attention: Executive Vice President and General Counsel Tel: +000 00-00-00-000 Fax: +000 00-00-00 or, if to the Parent Guarantor or Intermediate Guarantor on and after the Permitted Reorganization Effective Date, to its applicable address, set forth in the Permitted Reorganization joinder.
Upon failure by the Borrower to pay punctually any such amount when due as aforesaid, the Parent Guarantor and/or on and after the Permitted Reorganization Effective Date, Intermediate Guarantor shall forthwith on demand pay the amount not so paid at the place and in the manner specified in this Agreement.
All payments made by the Parent Guarantor and, on and after the Permitted Reorganization Effective Date, the Intermediate Guarantor, pursuant to this Article VIII shall be made as provided under Section 2.13(a), and shall be subject to the provisions of Section 9.05.
The Parent Guarantor and, on and after the Permitted Reorganization Effective Date, the Intermediate Guarantor, hereby unconditionally and irrevocably guarantees the full and punctual payment in cash when due (whether at stated maturity, by mandatory prepayment, by acceleration or otherwise) of the principal of and interest on the Loans, the Notes and all other amounts whatsoever at any time or from time to time payable or becoming payable under this Agreement or the other Loan Documents.
All communications and notices hereunder shall be in writing and, if to the Administrative Agent given as provided in Section 10.01 of the Credit Agreement and, if to TopCo, as the Parent Guarantor, or New TEL, as the Intermediate Guarantor, to its address provided below: Parent Guarantor: TE Connectivity PLC Pembroke House 20 - 00 Xxxxxxxx Xxxxxx Xxxxx Xxxxxx 0, Xxxxxxx X00 XX00 Attention: Hxxxxx X.