Required Guarantor means any Material Subsidiary that is a First Tier Subsidiary; collectively the “Required Guarantors”.
Required Guarantor means each of (i) the Parent and any other Subsidiary of the Parent that from time to time owns, directly or indirectly, any Equity Interests of the Borrower, (ii) General Partner, (iii) each Eligible Property Subsidiary, (iv) EBA EverSTAR Management, LLC, a Texas limited liability company, NetSTREIT Management TRS, LLC, a Delaware limited liability company, and all existing and future Material Subsidiaries (other than Excluded Subsidiaries), (v) each Subsidiary of the Borrower that owns, directly or indirectly, any Equity Interests in any Subsidiary that is a Required Guarantor described in clauses (ii), (iii) or (iv), (vi) any Wholly Owned Subsidiary of the Parent that is a borrower or a guarantor, or otherwise has a payment obligation in respect of, any Unsecured Indebtedness and (vii) any non-Wholly Owned Subsidiary of the Parent that is a borrower or a guarantor, or otherwise has a payment obligation in respect of, any Unsecured Indebtedness of the Parent or any Wholly Owned Subsidiary of the Parent (each of the Subsidiaries described in clauses (iii), (iv), (v), (vi) and (vii) being the “Subsidiary Guarantors”); provided, that (x) from and after the release of the guarantees or payment obligations under all other Unsecured Indebtedness with respect thereto, the applicable Subsidiary Guarantors in clauses (vi) and (vii) above and (y) any Subsidiary Guarantor that becomes an Excluded Subsidiary and is not otherwise required to be a Guarantor, shall, in each case, not be a Required Guarantor.
Required Guarantor means (a) prior to the Investment Grade Rating Date, any Material Subsidiary that is a First Tier Subsidiary and (b) on and after the Investment Grade Rating Date, any Subsidiary of the Borrower that guarantees Indebtedness of the Borrower in an aggregate principal amount of $25,000,000 or more; collectively the “Required Guarantors”.
Examples of Required Guarantor in a sentence
Upon execution and delivery by the Administrative Agent and a Required Guarantor Subsidiary of an instrument in the form of Exhibit I hereto, such Required Guarantor Subsidiary shall become a Guarantor hereunder with the same force and effect as if originally named as a Guarantor herein.
Pursuant to Section 5.09 of the Credit Agreement, each Subsidiary that is required to become a Guarantor hereunder pursuant to the Guarantee Requirement (such a Subsidiary, a “Required Guarantor Subsidiary”) that was not in existence or not a Required Guarantor Subsidiary on the date of the Credit Agreement is required to enter into this Agreement as a Guarantor within 15 days of becoming a Required Guarantor Subsidiary (or such later date as agreed by the Administrative Agent).
Pursuant to Section 5.09 of the Credit Agreement, subject to Section 4.02(d) of the Credit Agreement, each Subsidiary that is required to become a Guarantor hereunder pursuant to the Guarantee Requirement (such a Subsidiary, a “Required Guarantor Subsidiary”) that was not in existence or not a Required Guarantor Subsidiary on the date of the Credit Agreement is required to enter into this Agreement as a Guarantor within 15 days of becoming a Required Guarantor Subsidiary.
More Definitions of Required Guarantor
Required Guarantor means each of the following, on a joint and several basis: (a) the Company and (b) each Restricted Subsidiary of the Company (including each Eligible LCE) which is not an Excluded Subsidiary.
Required Guarantor. (i) any Material Subsidiary that is a First Tier Subsidiary, and (ii) any Elective Guarantor (as defined in the Revolving Credit Agreement) that becomes a Guarantor (as defined in the Revolving Credit Agreement) under the Revolving Credit Agreement, collectively the “Required Guarantors”.
Required Guarantor means CEC Entertainment, TJH Restaurant Group, Inc., CEC Entertainment Holdings, LLC, and any other Subsidiary which is or is required to be a Guarantor. A Subsidiary is required to be a Guarantor if the failure to provide such Guaranty results or would result in a breach of Section 7.02(f), Section 7.02(g), Section 7.02(h) and/or Section 7.02(i).
Required Guarantor means (i) any Subsidiary owning trademarks or other intangibles material to the conduct of the business of Company and its Subsidiaries, (ii) any Domestic Subsidiary with (x) Shareholder's Equity greater than $1,000,000 or (y) EBIT for any four consecutive fiscal quarters greater than $1,000,000
Required Guarantor means any direct or indirect wholly-owned Subsidiary of the Borrower which is formed after the date hereof, provided, the value of the assets of such Subsidiary plus the value of the assets of such Person's Subsidiaries' exceed 2% of Total Value, provided, further, that in the event the aggregate value of the assets of all wholly-owned Subsidiaries which are not Guarantors exceed 2% of Total Value then each direct or indirect wholly-owned Subsidiary formed thereafter shall be deemed a Required Guarantor. Notwithstanding the above, (a) any direct or indirect wholly-owned Subsidiary of the Borrower, whether existing on the date hereof or formed after the date hereof, that is determined at any time to be a Specified Taxable REIT Subsidiary shall be deemed to be a Required Guarantor, (b) any direct or indirect wholly-owned Subsidiary of the Borrower, whether existing on the date hereof or formed after the date hereof, that is determined at any time to be an Excluded Taxable REIT Subsidiary shall be deemed not to be a Required Guarantor and (c) any Special Purpose Subsidiary, whether existing on the date hereof or formed after the date hereof, shall be deemed not to be a Required Guarantor, provided that in the event that the aggregate Indebtedness of all Special Purpose Subsidiaries which are not Guarantors exceeds 25% of Total Value then each Special Purpose Subsidiary formed thereafter shall be deemed a Required Guarantor.
Required Guarantor means any direct or indirect wholly-owned Subsidiary of Borrower which is formed after the date hereof, provided, the value of the assets of such Subsidiary plus the value of the assets of such Person's Subsidiaries' exceed 10% of Total Value, provided, further, that in the event the aggregate value of the assets of all wholly-owned Subsidiaries which are not Guarantors exceed 20% of Total Value then each direct or indirect wholly-owned Subsidiary formed thereafter shall be deemed a Required Guarantor if the value of the assets of such Subsidiary plus the value of the assets of such Person's Subsidiaries' exceed 1% of Total Value.
Required Guarantor means each of (i) the Parent and any other Subsidiary of the Parent that from time to time owns, directly or indirectly, any Equity Interests of the Borrower, (ii) General Partner, (iii) each Eligible Property Subsidiary, (iv) NetSTREIT Management, LLC, a Delaware limited liability company, NetSTREIT Management TRS, LLC, a Delaware limited liability company, and all existing and future Material Subsidiaries (other than Excluded Subsidiaries), (v) each Subsidiary of the Borrower that owns, directly or indirectly, any Equity Interests in any Subsidiary that is a Required Guarantor described in clauses (ii), (iii) or (iv), (vi) any Wholly Owned Subsidiary of the Parent that is a borrower or a guarantor, or otherwise has a payment obligation in respect of, any Unsecured Indebtedness and (vii) any non-Wholly Owned Subsidiary of the Parent that is a borrower or a guarantor, or otherwise has a payment obligation in respect of, any Unsecured Indebtedness of the Parent or any Wholly Owned Subsidiary of the Parent (each of the Subsidiaries described in clauses (iii), (iv), (v), (vi) and(vii) being the “Subsidiary Guarantors”); provided, that (x) from and after the release of the guarantees or payment obligations under all other Unsecured Indebtedness with respect thereto, the applicable Subsidiary Guarantors in clauses (vi) and (vii) above and (y) any Subsidiary Guarantor that becomes an Excluded Subsidiary and is not otherwise required to be a Guarantor, shall, in each case, not be a Required Guarantor.