Loan Party Guarantees definition
Examples of Loan Party Guarantees in a sentence
To the extent the representations and warranties contained in this Section 3.14 are made prior to the Collateral and Guarantee Release Date: On the Fourth Restatement Effective Date, no Subsidiary of Holdings other than a Loan Party Guarantees any Indebtedness for borrowed money (other than Permitted Indebtedness) of Holdings, the Lead Borrower and/or any other Loan Party in an aggregate principal amount in excess of $150,000,000.
In addition, if at any time any Subsidiary that is not a Loan Party Guarantees any Note and Specified Hedge Obligations, Holdings shall, not later than 10 days after the date on which such Subsidiary Guarantees any Note and Specified Hedge Obligations, cause such Subsidiary to become an additional Loan Party.
Without restricting the foregoing, the Administrative Agent is specifically authorized to execute or accept all or any of the Loan Party Guarantees and all ancillary documents on behalf of the Lenders, if and when deemed appropriate by the Administrative Agent, and to take all actions as it may deem appropriate to render the Loan Party Guarantees effective.