Examples of Publicly Traded Debt Securities in a sentence
If any Subsidiary that is not already a Guarantor becomes an obligor under any Credit Facilities or Publicly Traded Debt Securities, the Borrower shall cause such Subsidiary to become a Guarantor substantially concurrently with it becoming an obligor in respect of such Credit Facilities or Publicly Traded Debt Securities in accordance with the provisions of this Section 7.16.
Notwithstanding anything to the contrary, no Subsidiary that is a “Restricted Subsidiary” or an obligor or guarantor under documents governing any Publicly Traded Debt Securities shall be permitted to be designated an Unrestricted Subsidiary, unless such “Restricted Subsidiary,” obligor or guarantor is also being concurrently designated to be an “Unrestricted Subsidiary” under the documents governing such Publicly Traded Debt Securities.
If at any time the Company issues debt securities that are publicly traded (“Publicly Traded Debt Securities”), and any Subsidiary Guarantor provides a Guarantee with respect to such Publicly Traded Debt Securities, then the Company will cause such Subsidiary Guarantor to guarantee the Notes as provided in Article Ten.