Subordinated Indemnity Agreement means the Subordinated Indemnity Agreement, dated as of April 1, 1998, among the Company, SFEC and its subsidiaries, Time Warner Inc., Time Warner Entertainment Company, L.P. and TW-SPV Co., as the same may be modified or amended from time to time after April 1, 1998, provided such modification or amendment does not adversely affect the interests of the Holders in any material fashion.
Subordinated Indemnity Agreement the Subordinated Indemnity Agreement, dated as of April 1, 1998, among Parent, GP Holdings Inc., Time Warner Inc., Warner Bros. Entertainment Inc. (as successor to Time Warner Entertainment Company, L.P.), TW-SPV Co., Holdings, the Borrower, SFOG II, Inc. and SFT Holdings, Inc., as the same may be modified or amended at any time from time to time, provided such modification or amendment does not violate Section 9.14.
Subordinated Indemnity Agreement means the Subordinated Indemnity Agreement, dated as of April 1, 1998, among the Company, Six Flags Entertainment Corporation and its subsidiaries, Time Warner Inc., Time Warner Entertainment Company, L.P. and TW-SPV Co., as the same may be modified or amended from time to time after April 1, 1998, provided such modification or amendment does not adversely affect the interests of the Holders in any material fashion.
Examples of Subordinated Indemnity Agreement in a sentence
Since July 1, 2009, except as otherwise disclosed to the Lender in writing, each of the Borrowers has complied in all material respects with the terms and provisions of (a) the Subordinated Indemnity Agreement, (b) the GA Overall Agreement and (c) the TX Overall Agreement.
In the event of a default by Six Flags under the Subordinated Indemnity Agreement, Time Warner is entitled to take control of the corporate parent of the general partners and thus, in effect, become the holder of the affiliate loans.
Six Flags Operations Inc., as successor by merger to Six Flags Entertainment Corporation (“SFO”) is a party to a Subordinated Indemnity Agreement dated as of April 1, 1998 as amended (the “Agreement”) among SFO, Six Flags, Inc.
Based on its evaluation of the current facts and circumstances surrounding the Guaranteed Obligations and the Subordinated Indemnity Agreement, the Company is unable to predict the loss, if any, that may be incurred under the Guaranteed Obligations, and no liability for the arrangements has been recognized at September 30, 2016.
Because of the specific circumstances surrounding the arrangements and the fact that no active or observable market exists for this type of financial guarantee, the Company is unable to determine a current fair value for the Guaranteed Obligations and related Subordinated Indemnity Agreement.
More Definitions of Subordinated Indemnity Agreement
Subordinated Indemnity Agreement the Subordinated Indemnity Agreement, dated as of April 1, 1998, among Parent, GP Holdings Inc., Time Warner Inc., Time Warner Entertainment Company, L.P., TW-SPV Co., Holdings, the Primary Borrower, SFOG II, Inc. and SFT Holdings, Inc., as the same has been amended on or prior to the Amendment and Restatement Effective Date, and as the same may be further amended from time to time in a manner not materially adverse to the interests of the Lenders.
Subordinated Indemnity Agreement means the Subordinated Indemnity Agreement, dated as of the date of the consummation of the Six Flags Acquisition, among the Company, SFEC and its subsidiaries, Time Warner Inc., Time Warner Entertainment Company, L.P. and TW-SPV Co. , as the same may be modified or amended from time to time after the date hereof, provided such modification or amendment does not adversely affect the interests of the Holders in any material fashion.
Subordinated Indemnity Agreement means the Subordinated Indemnity Agreement, dated as of the date of the consummation of the Six Flags Acquisition, among Premier, the Company and its subsidiaries, Time Warner Inc., Time Warner Entertainment Company, L.P. and TW-SPV Co., as the same may be modified or amended from time to time after the date hereof, provided such modification or amendment does not adversely affect the interests of the Holders in any material respect.
Subordinated Indemnity Agreement subsidiary" and "Significant Subsidiary". For purposes of this Agreement, (a) "business day" means any day on which the NYSE is open for trading, (b) "Existing Indentures" means, collectively, (i) the Indenture, dated as of February 2, 2001, by and between the Company and The Bank of New York, as trustee, relating to the Company's 9-1/2% Senior Notes due 2009, (ii) the Indenture, dated as of February 11, 2002, by and between Six Flags, Inc. and The Bank of New York, as trustee, relating to the Company's 8-7/8% Senior Notes due 2010, (iii) the Indenture, dated as of April 16, 2003, by and between the Company and The Bank of New York, as trustee, relating to the Company's 9-3/4% Senior Notes due 2013 and (iv) the Indenture, dated as of December 5, 2003, by and between the Company and The Bank of New York, as trustee, relating to the Company's 9-5/8% Senior Notes due 2014, (c) "Six Flags Credit Facility" means the Amended and Restated Credit Agreement, dated as of July 8, 2002, among the Company, Six Flags Operations Inc., Six Flags Theme Parks, Inc., as primary borrower, and the lenders party thereto, Xxxxxx Commercial Paper Inc., as administrative agent, and the other agents named therein, as amended to the date of this Agreement, (d) "Partnership Parks Agreements" means (a) the Overall Agreement, dated as of February 15, 1997, among Six Flags Fund, Ltd. (L.P.), Xxxxxx Family Trust, SFG, Inc., SFG-I, LLC, SFG-II, LLC, Six Flags Over Georgia, Ltd., SFOG II, Inc., SFOG II Employee, Inc., SFOG Acquisition A, Inc., SFOG Acquisition B, L.L.C., Six Flags Over Georgia, Inc., Six Flags Services of Georgia, Inc., the Primary Borrower and Six Flags Entertainment Corporation and the Related Agreements (as defined therein) and (b) the Overall Agreement dated as of November 24, 1997 among Six Flags Over Texas Fund, Ltd., Flags' Directors, L.L.C., FD-II, L.L.C., Texas Flags, Ltd., SFOT Employee, Inc., SFOT Acquisition I, Inc., SFOT Acquisition II, Inc., Six Flags Over Texas, Inc., the Primary Borrower and Six Flags Entertainment Corporation, as amended by the Agreement dated as of December 6, 1999
Subordinated Indemnity Agreement means the Subordinated Indemnity Agreement, dated as of April 1, 1998, as amended, among Parent, GP Holdings Inc., Time Warner Inc., Time Warner Entertainment Company, L.P., TW-SPV Co., Holdings, the Primary Borrower, SFOG II, Inc. and SFT Holdings, Inc.; (f) "subsidiary" has the meaning ascribed to such term in Rule 405 of the Rules and Regulations and (g) "Significant Subsidiary" of the Company shall have the meaning ascribed to such term under Regulation S-X promulgated under the Securities Act, but without giving effect to clause (w)(1) of Rule 1-02 thereunder (provided that (i) for purposes of clause (w)(3) of Rule 1-02, the phrase "income from continuing operations before income taxes, extraordinary items and cumulative effect of a change in accounting principle" shall be deemed to be a reference to EBITDA, as defined in the Offering Memorandum, and (ii) the 10% threshold in such definition shall be replaced with 5%).
Subordinated Indemnity Agreement means that certain Subordinated Indemnity Agreement, dated as of April 1, 1998, by and among SFO (as successor to Six Flags Entertainment Corporation), SFTP, SFOG II, Inc., SFT Holdings, Inc., Historic TW Inc. (formerly known as Time Warner Inc.), Warner Bros. Entertainment Inc. (as successor to Time Warner Entertainment Company, L.P.), TW-SPV Co., SFI (as successor to Premier Parks Inc.) and GP Holdings Inc., as amended in accordance with the terms thereof.
Subordinated Indemnity Agreement means that certain Subordinated Indemnity Agreement (as amended, modified or otherwise supplemented from time to time) entered into by and among SFI, Time Warner and an affiliate of Time Warner, dated as of April 1, 1998, the obligations of which are guaranteed by substantially all of SFI’s domestic subsidiaries.