Limited Guarantors definition
Examples of Limited Guarantors in a sentence
If any Event of Default shall occur under any of the Loans, Lead Lenders shall use reasonable efforts in accordance with the Loan Documents to cause the Borrowers, Guarantors and/or Limited Guarantors to remedy the default.
All Obligations of the Company to the holders of the Notes shall be Guaranteed jointly and severally by each Subsidiary of the Company (other than any Excluded Subsidiaries), as evidenced by and subject to the terms of guaranties in form and substance satisfactory to the holders of the Notes; provided that non-Wholly Owned Subsidiaries of the Company may be Limited Guarantors subject to compliance with Section 9.13(a)(i).
Enter into any transaction of any kind with any Affiliate of the Company, whether or not in the ordinary course of business, other than on fair and reasonable terms substantially as favorable to the Company or such Subsidiary as would be obtainable by the Company or such Subsidiary at the time in a comparable arm’s length transaction with a Person other than an Affiliate; provided that the foregoing restriction shall not apply to transactions between or among Credit Parties (other than Limited Guarantors).
The Company is contemplating the issue and sale of its senior notes (the “Notes”) issuable in series (each a “Series” of Notes) and guaranteed by each of the Subsidiary Guarantors and Limited Guarantors on the terms set forth herein.
Each Borrower individually, and LS&Co together with the Guarantors and Limited Guarantors (taken as a whole), is Solvent prior to and after giving effect to the Borrowings to be made on the Amendment Date and the issuance of the Letters of Credit to be issued on the Amendment Date, and shall remain Solvent during the term of this Agreement.