Subsidiary Guarantor Period definition

Subsidiary Guarantor Period means any period (a) following any Subsidiary Guarantor Election (including, for the avoidance of doubt, a deemed Subsidiary Guarantor Election described in the last sentence of Section 6.10(b)(i)), for so long as no Subsidiary Guarantor Termination has occurred with respect to such Subsidiary Guarantor Election, and (b) in which there are one or more Subsidiary Guarantors.
Sample 1Sample 2Sample 3
Subsidiary Guarantor Period means any period commencing on the occurrence of a Subsidiary Guarantor Trigger Date and ending on the Subsidiary Guarantor Release Date subsequent to such Subsidiary Guarantor Trigger Date. “Subsidiary Guarantor Release” has the meaning given that term in Section 7.14(a). “Subsidiary Guarantor Release Certificate” has the meaning given that term in Section 7.14.(b)(i). “Subsidiary Guarantor Release Date” means any date after a Subsidiary Guarantor Trigger Date on which no Default or Event of Default is continuing and the Company delivers a Subsidiary Guarantor Release Certificate as required by Section 7.14. “Subsidiary Guarantor Trigger Date” means (a) any date after the Effective Date on which the Company delivers a Compliance Certificate pursuant to Section 8.3. which shows that the Leverage Ratio is greater than 6.50 to 1.00 as of the end of the two consecutive fiscal quarters of the Parent most recently ended prior to such date or (b) such later date as the Administrative Agent shall reasonably determine; provided that, following any Subsidiary Guarantor Release Date, any subsequent Subsidiary Guarantor Trigger Date shall be (x) any date on which the Company delivers a Compliance Certificate pursuant to Section 8.3. which shows that the Leverage Ratio is greater than 6.50 to 1.00 as of the end of the two consecutive fiscal quarters of the Parent most recently ended prior to such date or (y) such later date as the Administrative Agent shall reasonably determine. “Subsidiary Guarantors” means each Subsidiary that hereafter joins in the Guaranty by execution of an Accession Agreement (or Guaranty, as the case may be) pursuant to Section 7.13.(b). “Subsidiary Guaranty Documents” means, with respect to any Subsidiary that is required to become a Guarantor pursuant to Section 7.13., the following documents: (x) an Accession Agreement (or if the Guaranty is not then in effect, the Guaranty) executed by such Subsidiary and (y) the items with respect to such Subsidiary that would have been delivered under Sections 5.1.(a)(iv) through (viii) and (xvii) if such Subsidiary had been a Subsidiary Guarantor on the Effective Date (in the case of Section 5.1.(a)(iv), only to the extent requested by the Administrative Agent), each in form and substance reasonably satisfactory to the Administrative Agent. “Substantial Amount” means, at the time of determination thereof, an amount in excess of 15.0% of Total Asset Value as of the last day of the most recently completed ...
Sample 1
Subsidiary Guarantor Period means any period commencing on the occurrence of a Subsidiary Guarantor Trigger Date and ending on the Subsidiary Guarantor Release Date subsequent to such Subsidiary Guarantor Trigger Date.
Sample 1

Examples of Subsidiary Guarantor Period in a sentence

  • Guarantor Release Upon Termination of Subsidiary Guarantor Period.

Related to Subsidiary Guarantor Period

  • 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.

  • Subsidiary Guarantor means any Guarantor other than Holdings.

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

  • Subsidiary Guaranty means, collectively, the Subsidiary Guaranty made by the Subsidiary Guarantors in favor of the Collateral Agent on behalf of the Secured Parties, substantially in the form of Exhibit F-2, together with each other Guaranty and Guaranty supplement delivered pursuant to Section 6.12.

  • 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.

  • Subsidiary Guarantee Agreement means the Subsidiary Guarantee Agreement, substantially in the form of Exhibit I, made by the Subsidiary Guarantors in favor of the Collateral Agent for the benefit of the Secured Parties.

  • Subsidiary Guarantee means the Guarantee by each Guarantor of the Company's payment obligations under this Indenture and on the Notes, executed pursuant to the provisions of this Indenture.

  • Guarantor means: .............................................................................................................................................

  • Subsidiary Guarantors means (i) the subsidiaries listed in Schedule I hereto; (ii) any successor of the foregoing; and (iii) each other Subsidiary of the Company that becomes a Subsidiary Guarantor in accordance with Section 1305 hereof, in each case (i), (ii) and (iii) until such Subsidiary Guarantor ceases to be such in accordance with Section 1304 hereof.

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

  • Subsidiary Guarantees means the guarantees of each Subsidiary Guarantor as provided in Article Thirteen.

  • Guarantor Payment as defined in Section 5.11.3.

  • Guarantor Payment Date means (a) prior to the delivery of a Guarantor Default Notice, the date falling on the 10th day of February, May, August and November of each year or, if such day is not a Business Day, the immediately following Business Day, provided that the fist Guarantor Payment Date will be 10 February 2014; and (b) following the delivery of a Guarantor Default Notice, any day on which any payment is required to be made by the Representative of the Covered Bondholders in accordance with the Post-Enforcement Priority of Payments, the relevant Final Terms and the Intercreditor Agreement.

  • Guarantor Obligations with respect to any Guarantor, all obligations and liabilities of such Guarantor which may arise under or in connection with this Agreement (including, without limitation, Section 2) or any other Loan Document to which such Guarantor is a party, in each case whether on account of guarantee obligations, reimbursement obligations, fees, indemnities, costs, expenses or otherwise (including, without limitation, all fees and disbursements of counsel to the Administrative Agent or to the Lenders that are required to be paid by such Guarantor pursuant to the terms of this Agreement or any other Loan Document).

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

  • Guarantor Subsidiary means each Guarantor other than Holdings.

  • Parent Guarantee means the guarantee provided by the Parent Guarantor for purposes of financial reporting.

  • Guarantor Subordinated Obligations means, with respect to a Subsidiary Guarantor, any Indebtedness of such Subsidiary Guarantor (whether outstanding on the Issue Date or thereafter Incurred) that is expressly subordinated in right of payment to the obligations of such Subsidiary Guarantor under its Subsidiary Guarantee pursuant to a written agreement.