Required Guarantors means Holdings and each Restricted Subsidiary that is a Domestic Subsidiary and not an Excluded Subsidiary.
Required Guarantors. Subsidiary Guarantors" and "Subsidiary Guaranty Agreement" and (ii) amending the definitions of "ERISA Group" and "Financing Documents" to read as follows:
Required Guarantors has the meaning given to that term in the Reimbursement Agreement.
Examples of Required Guarantors in a sentence
This Agreement may not be amended or modified, nor may any of its terms be waived, except by written instruments signed by Obligor and Required Guarantors.
If Agent has materially breached or failed to perform any material provision of this Agreement or of applicable law, the Required Guarantors may agree in writing to remove and replace Agent with a successor Agent from among the Guarantors.
If Agent resigns under this Agreement, the Required Guarantors shall appoint a successor Agent for the Guarantors.
The payment and Performance of the Obligations shall be jointly, severally, primarily and unconditionally guaranteed by the Required Guarantors.
This Agreement shall be binding upon and inure to the benefit of Agent, Guarantors and Obligor and their respective successors and assigns; provided, however, that Obligor may not assign or delegate rights and obligations hereunder without the prior written consent of Required Guarantors.
More Definitions of Required Guarantors
Required Guarantors means, as of any date, Guarantors that have paid to Bank more than fifty percent (50%) of the aggregate Drawn Amounts, and if no Drawn Amounts are outstanding, the Guarantors whose aggregate Guaranty Commitment constitutes more than fifty percent (50%) of the aggregate Guaranty Commitments of all Guarantors; provided that "ninety percent (90%)" shall be substituted in place of the above-referenced percentages in the following circumstances: (A) appointment of a successor Agent under Section 7(i), (B) executing and delivering a release under Section 7(k) of Liens on Collateral in the aggregate valued in excess of $1,000,000, and (C) the consent required pursuant to Section 4(a)(iii) and (D) notwithstanding any provision in this Agreement or the Operative Documents, engaging in any action or transaction, including without limitation amendment or modification of this Agreement or the Operative Documents that (i) materially adversely affects the rights of any Guarantor in a manner different than any other Guarantor, or (ii) could reasonably be expected to prejudice or otherwise treat inequitably the interests of any Guarantor in relation to the rights of any other Guarantor, which actions or transactions shall require the approval of that percentage of Guarantors referenced in this proviso.
Required Guarantors means (a) the Company, Intermediate DOFC, Intermediate DOSC, and the Issuers, (b) each Rig Subsidiary, (c) each Restricted Subsidiary of the Company that directly or indirectly owns Equity Interests in a Rig Subsidiary, (d) any other Person that is a borrower, issuer, or guarantor of the Revolving Loans and L/C Obligations, Last Out Term Loans, and/or Last Out Incremental Debt (if any), and (e) any other Restricted Subsidiary of the Company, including any Eligible Local Content Entity, that is not, in the case of this clause (e), an Excluded Subsidiary; provided, that the Company and its Restricted Subsidiaries shall not be required to cause any Restricted Subsidiary to become a Subsidiary Guarantor unless and until the Company or such Restricted Subsidiary is required to cause such Restricted Subsidiary to become a guarantor of the obligations outstanding under the Revolving Loan Agreement or the Last Out Term Loan Agreement pursuant to the terms of the Revolving Loan Credit Agreement or the Last Out Term Loan Agreement (whether pursuant to the terms of the Revolving Loan Credit Agreement or the Last Out Term Loan Agreement (and any related documents) or as a result of any determination made thereunder, or by amendment or waiver of the terms of the Revolving Loan Credit Agreement or the Last Out Term Loan Agreement, or otherwise).
Required Guarantors the individuals identified in the Schedule as the Required Guarantors.
Required Guarantors. [“Elective Guarantors”] in the Credit Agreement and the other Loan Documents shall be deemed to include Additional Guarantor (which references may change after the date hereof in accordance with the terms of the Credit Agreement).
Required Guarantors means, as of any date, Guarantors that have paid to Bank more than fifty percent (50%) of the aggregate Drawn Amounts, and if no Drawn Amounts are outstanding, the Guarantors whose aggregate Guaranty Commitment constitutes more than fifty percent (50%) of the aggregate Guaranty Commitments of all Guarantors.
Required Guarantors. CR RESORTS CANCUN, S. de X.X. de C.V., a Mexican limited responsibility corporation with variable capital By: -------------------------- Type/Printed Name: ------------------------------ Chief Executive Officer By: -------------------------------------- Type/Printed Name: ------------------------------ Chief Financial Officer CR RESORTS LOS CABOS, S. de X.X. de C.V., a Mexican limited responsibility corporation with variable capital By: -------------------------- Type/Printed Name: ------------------------------ Chief Executive Officer By: -------------------------------------- Type/Printed Name: ------------------------------ Chief Financial Officer CR RESORTS PUERTO VALLARTA, S. de X.X. de C.V., a Mexican limited responsibility corporation with variable capital By: -------------------------- Type/Printed Name: ------------------------------ Chief Executive Officer By: -------------------------------------- Type/Printed Name: ------------------------------ Chief Financial Officer CORPORACION MEXITUR, S.A. de C.V., a Mexican corporation with variable capital By: -------------------------- Type/Printed Name: ------------------------------ Chief Executive Officer By: -------------------------------------- Type/Printed Name: ------------------------------ Chief Financial Officer PROMOTORA XXXXX XXXX, S. de X.X. de C.V., a Mexican limited responsibility corporation with variable capital By: -------------------------- Type/Printed Name: ------------------------------ Chief Executive Officer By: -------------------------------------- Type/Printed Name: ------------------------------ Chief Financial Officer XXXXX XXXX RESORT, S. de X.X. de C.V., a Mexican limited responsibility corporation with variable capital By: -------------------------- Type/Printed Name: ------------------------------ Chief Executive Officer By: -------------------------------------- Type/Printed Name: ------------------------------ Chief Financial Officer RAINTREE RESORTS INTERNATIONAL, INC., a Nevada corporation By: -------------------------- Type/Printed Name: ------------------------------ Chief Executive Officer By: -------------------------------------- Type/Printed Name: ------------------------------ Chief Financial Officer Attachment - Explaining Noncompliance
Required Guarantors means the Guarantors of the Leases of the ten (10) Highest NOI Tenants (to the extent, and only to the extent that such Guarantors are required pursuant to their Guaranty to deliver a Guarantor's Estoppel Certificate).