Examples of Subsidiary Guarantee in a sentence
No director, officer, employee, incorporator or stockholder of Holdings, the Company, any Subsidiary Guarantor or any Subsidiary of any thereof shall have any liability for any obligation of Holdings, the Company or any Subsidiary Guarantor under this Indenture, the Notes, the Parent Guarantee, any Subsidiary Guarantee, the Note Security Documents or the Intercreditor Agreements or for any claim based on, in respect of, or by reason of, any such obligation or its creation.
Neither the Company nor any Subsidiary Guarantor shall be required to make a notation on the Notes to reflect any Subsidiary Guarantee or any release, termination or discharge thereof.
Nothing in this Supplemental Indenture is intended or shall be construed to give any Person, other than the Holders and the Trustee, any legal or equitable right, remedy or claim under or in respect of [the][each] [Subsidiary] Guarantor’s [Subsidiary] Guarantee or any provision contained herein or in Article XIII of the Indenture [or Article XIV of the Indenture, as applicable].
Such Subsidiary Guarantee is a guarantee of payment and not of collection.
In connection with the execution and delivery of any Canadian Subsidiary Guarantee or Canadian Security Document pursuant to this Section 5.1(13), the Borrower shall, or shall cause the relevant Canadian Subsidiary to, deliver to the Administrative Agent such corporate resolutions, certificates, legal opinions and such other related documents as shall be reasonably requested by the Administrative Agent.