Pari Passu Subsidiary Guarantee definition

Pari Passu Subsidiary Guarantee means a guarantee by any Subsidiary Guarantor or any JV Subsidiary Guarantor of Indebtedness of the Company (including Additional Notes) or of another Subsidiary Guarantor; provided that (1) the Company or such other Subsidiary Guarantor was permitted to Incur such Indebtedness under Section 4.05 and (2) such guarantee ranks pari passu with any outstanding Subsidiary Guarantee of such Subsidiary Guarantor, or with any outstanding JV Subsidiary Guarantee of such JV Subsidiary Guarantor, as the case may be.
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Pari Passu Subsidiary Guarantee means a guarantee by any Subsidiary Guarantor or any JV Subsidiary Guarantor of Indebtedness of the
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Pari Passu Subsidiary Guarantee has the meaning set out in Condition 4(C);
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More Definitions of Pari Passu Subsidiary Guarantee

Pari Passu Subsidiary Guarantee means a Guarantee by any Subsidiary Guarantor of Indebtedness of the Company (including Additional Notes); provided that (1) the Company was permitted to Incur such Indebtedness under Section 3.8 and (2) such Guarantee ranks pari passu with any outstanding Subsidiary Guarantee of such Subsidiary Guarantor, as the case may be.
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Pari Passu Subsidiary Guarantee means a guarantee by any Subsidiary Guarantor of Indebtedness of the Company (including Additional Notes), a Subsidiary Guarantor or Finance Subsidiary; provided that (i) the Company, such Subsidiary Guarantor or such Finance Subsidiary was permitted to Incur the Indebtedness to be guaranteed under the covenant described under the caption “– Certain Covenants – Limitation on Indebtedness” and (ii) such guarantee ranks pari passu with the Subsidiary Guarantee of such Subsidiary Guarantor.
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Pari Passu Subsidiary Guarantee means a guarantee by any Subsidiary Guarantor of indebtedness of the Issuer (including in respect of any further Bonds issued under Condition 15); provided that such guarantee ranks pari passu with the Subsidiary Guarantee of such Subsidiary Guarantor.
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Pari Passu Subsidiary Guarantee shall have the meaning assigned to such term in the Senior Note Indenture Terms.
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Related to Pari Passu Subsidiary Guarantee

  • Subsidiary Guarantee Agreement means a Subsidiary Guarantee Agreement substantially in the form of Exhibit B, and all supplements thereto made by the Subsidiary Guarantors in favor of the Administrative Agent for the benefit of the Lenders.

  • Subsidiary Guarantee means any guarantee of the obligations of the Issuers under this Indenture and the Notes by any Subsidiary Guarantor in accordance with the provisions of this Indenture.

  • Subsidiary Guaranty is defined in Section 9.7(a).

  • Subsidiary Guarantor means each Subsidiary that has executed and delivered a Subsidiary Guaranty.

  • Note Guarantee means the Guarantee by each Guarantor of the Company’s obligations under this Indenture and the Notes, executed pursuant to the provisions of this Indenture.

  • Guarantor Senior Debt shall include the principal of, premium, if any, and interest on all Obligations of every nature of such Subsidiary Guarantor from time to time owed to the lenders under the Partnership Credit Facility, including, without limitation, principal of and interest on, and all fees, indemnities and expenses payable by such Subsidiary Guarantor under, the Partnership Credit Facility, and (y) in the case of amounts owing by such Subsidiary Guarantor under the Partnership Credit Facility and guarantees of Designated Senior Indebtedness, "Guarantor Senior Debt" shall include interest accruing thereon subsequent to the occurrence of any Event of Default specified in clause (h) or (i) of Section 6.01 relating to such Subsidiary Guarantor, whether or not the claim for such interest is allowed under any applicable Bankruptcy Law. Notwithstanding the foregoing, "Guarantor Senior Indebtedness" shall not include (i) Indebtedness evidenced by the Notes or the Guarantees, (ii) Indebtedness that is expressly subordinate or junior in right of payment to any other Indebtedness of such Subsidiary Guarantor, (iii) any liability for federal, state, local or other taxes owed or owing by such Subsidiary Guarantor, (iv) Indebtedness of such Subsidiary Guarantor to the Partnership or a Subsidiary of the Partnership or any other Affiliate of the Partnership, (v) any trade payables of such Subsidiary Guarantor, and (vi) any Indebtedness which is incurred by such Subsidiary Guarantor in violation of this Indenture.

  • Capital Securities Guarantee means the guarantee agreement that the Company enters into with Wilmington Trust Company, as guarantee trustee, or other Persons that operates directly or indirectly for the benefit of holders of Capital Securities of the Trust.

  • Guarantor means: .............................................................................................................................................

  • Guarantee used as a verb has a corresponding meaning.

  • Parent Guarantee means the guarantee by Parent Guarantor of the obligations of the Issuer under this Indenture and the Securities in accordance with the provisions of this Indenture.

  • Permitted SBIC Guarantee means a guarantee by the Borrower of Indebtedness of an SBIC Subsidiary on the SBA’s then applicable form, provided that the recourse to the Borrower thereunder is expressly limited only to periods after the occurrence of an event or condition that is an impermissible change in the control of such SBIC Subsidiary (it being understood that, as provided in clause (s) of Article VII, it shall be an Event of Default hereunder if any such event or condition giving rise to such recourse occurs).