Examples of Restricted Parent Guarantor in a sentence
The Restricted Parent Guarantor will not, and will not permit any Restricted Subsidiary to, engage in any businesses other than any business conducted or proposed to be conducted by the Restricted Parent Guarantor and its Restricted Subsidiaries on the Issue Date or any business that is similar, reasonably related, incidental or ancillary thereto or any reasonable extension thereof.
Notwithstanding the foregoing, the Restricted Parent Guarantor’s and/or its Restricted Subsidiaries’ aggregate liability in respect of trade advances by EGFL and its Affiliates (other than the Restricted Parent Guarantor and its Restricted Subsidiaries) to the Restricted Parent Guarantor and/or its Restricted Subsidiaries shall not exceed $25.0 million in the aggregate at any one time outstanding.
Any certificate or opinion required by Section 314(d) of the TIA may be made by an officer of the Issuer or the Restricted Parent Guarantor except in cases where Section 314(d) requires that such certificate or opinion be made by an independent engineer, appraiser or other expert, who shall be reasonably satisfactory to the Trustee.
The Board of Directors of the Restricted Parent Guarantor may redesignate any Unrestricted Subsidiary to be a Restricted Subsidiary if that redesignation would not cause a Default.
Any such designation by the Board of Directors of the Restricted Parent Guarantor shall be evidenced to the Trustee by filing with the Trustee a certified copy of a resolution of the Board of Directors of the Restricted Parent Guarantor giving effect to such designation and an Officer’s Certificate certifying that such designation complies with the preceding conditions.
The fair market value of any cash Restricted Payment shall be its face amount, and the fair market value of any non-cash Restricted Payment, property or assets other than cash shall be determined conclusively by the Board of Directors of the Restricted Parent Guarantor acting in good faith.
The Restricted Parent Guarantor also shall comply with TIA Section 314(a)(4).
Any notice, request, direction, consent or communication made pursuant to the provisions of this Indenture or the Notes shall be in writing and delivered in person, sent by facsimile, sent by electronic mail in pdf format, delivered by commercial courier service or mailed by first-class mail, postage prepaid, addressed as follows: if to the Issuer, the Restricted Parent Guarantor or to a Holdings Entity: Essar Steel Algoma Inc.
The Restricted Parent Guarantor shall not amend, modify or supplement, or permit or consent to any amendment, modification or supplement of, the Collateral Documents in any way that would be adverse to the Holders of the Notes in any material respect, except under Articles IX and XII.
If the Issuer, the Restricted Parent Guarantor or a Subsidiary acts as Paying Agent, it shall segregate the money held by it as Paying Agent and hold it as a separate trust fund.