Examples of Restricted Subsidiary Guarantor in a sentence
In the event that a Restricted Subsidiary Guarantor ceases to be obligated to be a Guarantor pursuant to the provisions under Section 4.17, as long as no Default or Event of Default is existing or will result therefrom, it shall be released from its obligations under this Indenture and its Guarantee.
Upon execution and delivery by the Collateral Agent and such Subsidiary of a supplement in the form of Exhibit A hereto, such Restricted Subsidiary shall become a Restricted Subsidiary Guarantor and a Grantor hereunder with the same force and effect as if originally named as a Subsidiary Guarantor and a Grantor herein.
When a successor assumes all the obligations and covenants of its predecessor under this Indenture or the Securities, the predecessor shall be released from those obligations and covenants; provided that, in the case of a transfer by lease, the predecessor shall not be released from the payment of principal and interest on the Securities or, in the case of Hollxxxxx Xxxernational or a Restricted Subsidiary Guarantor, such Guarantee, as the case may be.
The Obligations hereunder are hereby designated by the Company as “Designated Senior Indebtedness” (or similar term) for all purposes of any subordinated Permitted Convertible Indebtedness, any other subordinated Indebtedness of the Company or any Restricted Subsidiary Guarantor and any Permitted Refinancing thereof.
The Obligations hereunder constitute “Designated Senior Indebtedness” (or any comparable term) for all purposes of any subordinated Permitted Convertible Indebtedness, any other subordinated Indebtedness of the Company or any Restricted Subsidiary Guarantor and any Permitted Refinancing thereof.
Neither Publishing nor any Restricted Subsidiary Guarantor will Incur or permit to exist any Indebtedness (other than the Securities or a Guarantee thereof pursuant to this Indenture, as applicable) that is subordinate in right of payment to any Senior Indebtedness of Publishing (or such Guarantor) unless such Indebtedness is also pari passu with, or subordinate in right of payment to, the Securities or the Guarantee of such Guarantor, as the case may be.
In the event that the Guarantor or any Restricted Subsidiary acquires a Person which complies with the definition herein of a Restricted Subsidiary Guarantor, the Guarantor shall, within twenty (20) days following such acquisition, provide the Noteholders with a Subsidiary Guarantee from such new Restricted Subsidiary Guarantor.
The Company will not, and will not permit any Restricted Subsidiary Guarantor to, create, Incur, assume, guarantee or in any other manner become liable with respect to any Indebtedness that is expressly by its terms subordinate or junior in right of payment to any Senior Indebtedness of the Company or any Subsidiary Guarantor and senior in any respect in right of payment to the Notes, in the case of the Company, or to the applicable Subsidiary Guarantee in the case of a Subsidiary Guarantor.
The Company and the Restricted Subsidiary Guarantors shall not sell, convey, transfer or otherwise dispose of their respective assets or property to any of the Company's Restricted Subsidiaries (other than any Restricted Subsidiary Guarantor), except for sales, conveyances, transfers or other dispositions made in the ordinary course of business.
In the event that the Company or any Restricted Subsidiary acquires a Person which complies with the definition herein of a Restricted Subsidiary Guarantor, the Company shall, within twenty (20) days following such acquisition, provide the Noteholders with a Subsidiary Guarantee from such new Restricted Subsidiary Guarantor.