Significant Subsidiary Guaranty definition

Significant Subsidiary Guaranty means that certain guaranty, executed by ------------------------------- each Significant Subsidiary, substantially in the form of Exhibit G attached --------- hereto (as such may be amended, supplemented, restated or otherwise modified and in effect from time to time).
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Significant Subsidiary Guaranty means that certain guaranty, executed by each Person that is a Significant Subsidiary on the Effective Date, each other Significant Subsidiary required to execute the same pursuant to Section 7.1.9 and any other Person that executes the same, substantially in the form of Exhibit E hereto (as such may be amended, supplemented or otherwise modified and in effect from time to time).
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Significant Subsidiary Guaranty in Section 1.1 is amended by deleting therefrom the words "executed by each Significant Subsidiary".
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Examples of Significant Subsidiary Guaranty in a sentence

  • The Borrower agrees to ------------------------------- promptly notify the Agent each time a Subsidiary becomes a Significant Subsidiary and to cause such Significant Subsidiary to deliver to the Agent a duly executed Significant Subsidiary Guaranty along with an opinion of counsel and a certificate of the type required by Section 5.1.1(b) both in form and ---------------- substance acceptable to the Agent.

  • If an approved change occurs, the Company will re-evaluate the transaction price which could potentially affect the cumulative amount of revenue recognized.

  • The Significant Subsidiary Guaranty or any Subordination Agreement shall cease to be in full force and effect or any Loan Party or any Person by, through or on behalf of any Loan Party shall contest in any manner in writing the validity, binding nature or enforceability of either the Significant Subsidiary Guaranty or any Subordination Agreement.

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  • Each Significant Subsidiary has full corporate power and authority to own and operate its properties and assets, carry on its business as currently conducted, and enter into and perform its obligations under the Significant Subsidiary Guaranty.

  • The execution and delivery of the Significant Subsidiary Guaranty, and the performance by each Significant Subsidiary of its obligations thereunder, have been duly authorized by all necessary corporate action on the part of such Significant Subsidiary and have been duly executed and delivered on behalf of each Significant Subsidiary.

  • Neither the making nor the performance of the Loan Agreement, the Notes, the Significant Subsidiary Guaranty or the Subordination Agreement requires the consent or approval of any governmental instrumentality under any law, statute, rule or regulation or under any indenture, mortgage, contract or agreement known to me after due inquiry.

  • The Agent shall have received ------------------------------- a Significant Subsidiary Guaranty conforming with the requirements of the Credit Agreement, duly executed by Xxxx PA in favor of the Agent for the benefit of the Lenders.

  • The Administrative Agent shall have received the Significant Subsidiary Guaranty, dated the date of this Agreement, duly executed by each Person that is a Significant Subsidiary party thereto.

  • The Borrower will cause any subsequently acquired or organized US Subsidiary that is a Significant Subsidiary or any other Subsidiary guaranteeing any Subordinated Debt to execute a supplement to the Significant Subsidiary Guaranty and the Security Agreement (and any supplemental documents required to be executed thereunder) and each other applicable Security Document pursuant to which such Subsidiary grants to the Administrative Agent in favor of the Secured Parties a security interest in its Collateral.


More Definitions of Significant Subsidiary Guaranty

Significant Subsidiary Guaranty mean a Subsidiary Guaranty made by a Significant Guarantor. “Solvent” means, as of any date of determination, and as to any Person, that on such date: (a) the fair valuation of the assets of such Person is greater than the fair valuation of such Person’s probable liability in respect of existing debts; (b) such Person does not intend to, and does not believe that it will, incur debts beyond such Person’s ability to pay as such debts mature; (c) such Person is not engaged in a business or transaction, and is not about to engage in a business or B-13
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Significant Subsidiary Guaranty means that certain guaranty, executed by each Person that is a Significant Subsidiary on the Effective Date, each other Significant Subsidiary required to execute the same pursuant to SECTION 8.1.9 and any other Person that executes the same, substantially in the form of EXHIBIT E hereto (as such may be amended, supplemented or otherwise modified and in effect from time to time).
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Related to Significant Subsidiary Guaranty

  • Additional Subsidiary Guarantor means each Person that becomes a Subsidiary Guarantor after the Closing Date by execution of an Accession Agreement as provided in Section 6.12.

  • Significant Subsidiary means any Subsidiary that would be a "significant subsidiary" as defined in Article 1, Rule 1-02 of Regulation S-X, promulgated pursuant to the Securities Act, as such Regulation is in effect on the date of this Indenture.

  • U.S. Subsidiary Guarantor means each U.S. Subsidiary which has executed and delivered to the U.S. Administrative Agent the U.S. Subsidiary Guaranty (or a supplement thereto).

  • Subsidiary Guaranty is defined in Section 9.7(a).

  • Significant Guarantor means any guaranty agency that guarantees trust student loans comprising at least 10% of the Pool Balance of the trust student loans by outstanding principal balance as of the statistical disclosure date.

  • Subsidiary Guaranty Agreement means each unconditional guaranty agreement executed by the Subsidiary Guarantors in favor of the Administrative Agent for the ratable benefit of the Secured Parties, substantially in the form of Exhibit H, as amended, restated, supplemented or otherwise modified from time to time.

  • Insignificant Subsidiary means, on any date, any Subsidiary of Caterpillar or CFSC whose aggregate asset value, as reasonably calculated by Caterpillar in accordance with generally accepted accounting principles, is at less than or equal to $50,000,000 on such date.

  • Subsidiary Guarantee Agreement means the Subsidiary Guarantee Agreement, substantially in the form of Exhibit D, made by the Subsidiary Loan Parties in favor of the Administrative Agent for the benefit of the Lenders.

  • Significant Subsidiaries means, as of any date of determination, collectively, all Subsidiaries that would constitute a “significant subsidiary” under Rule 1-02 of Regulation S-X promulgated by the SEC, and each of the foregoing, individually, a “Significant Subsidiary.”

  • Subsidiary Guaranties means the Domestic Subsidiary Guaranty and each Foreign Subsidiary Guaranty.

  • U.S. Subsidiary Guarantors means (a) each Domestic Subsidiary (other than an Unrestricted Subsidiary) on the Closing Date and (b) each Domestic Subsidiary that becomes a party to the Guarantee after the Closing Date pursuant to Section 9.11.

  • Canadian Subsidiary Guarantor each Canadian Subsidiary of any Canadian Borrower which executes and delivers the Canadian Guarantee and Collateral Agreement, in each case, unless and until such time as the respective Canadian Subsidiary Guarantor ceases to constitute a Canadian Subsidiary of the Parent Borrower or is released from all of its obligations under the Canadian Guarantee and Collateral Agreement in accordance with the terms and provisions thereof.

  • Non-Guarantor Restricted Subsidiary means any Restricted Subsidiary that is not a Subsidiary Guarantor.

  • Wholly Owned Subsidiary Guarantor any Subsidiary Guarantor that is a Wholly Owned Subsidiary of the Borrower.

  • Subsidiary Guarantor means each Subsidiary that has executed and delivered a Subsidiary Guaranty.

  • Relevant Subsidiary means any fully consolidated subsidiary of HeidelbergCement AG and for purposes only of this § 2 does not include any subsidiary which has one or more classes of equity securities (other than, or in addition to any convertible bonds or similar equity linked securities) which are listed or traded on a regulated stock exchange.

  • Material Subsidiary means any Subsidiary that is not an Immaterial Subsidiary.

  • Significant Restricted Subsidiary means any Restricted Subsidiary that would be a “significant subsidiary” as defined in Article 1, Rule 1-02 of Regulation S-X, promulgated pursuant to the Securities Act, as such regulation is in effect on the date of this Indenture.

  • Non-Material Subsidiary means, at any date of determination, any Subsidiary of Holdings that is not a Material Subsidiary.

  • Subsidiary Guarantors means each direct or indirect Domestic Subsidiary that is a Restricted Subsidiary in existence on the Closing Date or that becomes a party to the Subsidiary Guaranty Agreement pursuant to Section 8.11.

  • Subsidiary Guarantee means any guarantee of the obligations of the Issuers under this Indenture and the Notes by any Subsidiary Guarantor in accordance with the provisions of this Indenture.

  • Parent Guaranty means the guaranty of the Parent pursuant to Section 15.

  • Parent Guarantee means the guarantee by Parent Guarantor of the obligations of the Issuer under this Indenture and the Securities in accordance with the provisions of this Indenture.

  • Significant Domestic Subsidiary means any Domestic Subsidiary that is a Significant Subsidiary.

  • Material Subsidiaries Subsidiaries of the Parent Borrower constituting, individually or in the aggregate (as if such Subsidiaries constituted a single Subsidiary), a “significant subsidiary” in accordance with Rule 1-02 under Regulation S-X.

  • Parent Guarantor has the meaning specified in the recital of parties to this Agreement.