Subsidiary Note Guaranty definition
Examples of Subsidiary Note Guaranty in a sentence
Without limiting the foregoing, enforcement of the rights and benefits in respect of the 2002 Subsidiary Note Guaranty will be subject to an Intercreditor Agreement dated as of November 13, 1998 (the "Intercreditor Agreement") among the Creditors (as defined therein) and Bank One, N.A., as Collateral Agent, and to be joined by the Purchasers and any Additional Purchasers.
On or prior to the Closing Date, you shall have received, in form and substance reasonably satisfactory to you and your special counsel, such documents and evidence with respect to the Company and each of the Existing Subsidiary Guarantors as you may reasonably request in order to establish the existence and good standing of the Company and each of the Existing Subsidiary Guarantors and the authorization of the transactions contemplated by this Agreement and the 2002 Subsidiary Note Guaranty.
All proceedings taken in connection with the transactions contemplated by this Agreement and the 2002 Subsidiary Note Guaranty, and all documents necessary to the consummation thereof, shall be satisfactory in form and substance to you and your special counsel, and you shall have received a copy (executed or certified as may be appropriate) of all legal documents or proceedings taken in connection with the consummation of said transactions.
On or prior to such Closing Date, you shall have received, in form and substance reasonably satisfactory to you and your special counsel, such documents and evidence with respect to the Company and each of the Initial Subsidiary Guarantors as you may reasonably request in order to establish the existence and good standing of the Company and each of the Initial Subsidiary Guarantors and the authorization of the transactions contemplated by this Agreement and the Initial Subsidiary Note Guaranty.
All proceedings taken in connection with the transactions contemplated by this Agreement and the Initial Subsidiary Note Guaranty, and all documents necessary to the consummation thereof, shall be satisfactory in form and substance to you and your special counsel, and you shall have received a copy (executed or certified as may be appropriate) of all legal documents or proceedings taken in connection with the consummation of said transactions.
This Agreement is for the benefit of the Secured Party, as collateral agent for the benefit of the Participating Creditors, to secure the prompt and complete payment, performance and observance of the Obligations, including without limitation all Obligations incurred by the Pledgor pursuant to each of the Subsidiary Note Guaranty and the Subsidiary Bank Guaranty.
Without limiting the foregoing, enforcement of the rights and benefits in respect of the Initial Subsidiary Note Guaranty will be subject to an Intercreditor Agreement dated as of November 13, 1998 (the "Intercreditor Agreement") among the Creditors (as defined therein) and NBD Bank, as Collateral Agent, and to be joined by the Purchasers and any Additional Purchasers.
The Borrower has requested that the Required Lenders consent to a guarantee by the Borrower's direct and indirect non-regulated domestic Subsidiaries of the obligations of the Borrower to the Senior Noteholders (the "Subsidiary Note Guaranty") which guarantee will be substantially similar in form and substance to the Guaranty of the Guarantors in favor of the Agent.
If as a result of any reorganization, recapitalization, or other corporate change in a Guarantor, or as a result of any amendment, waiver or modification of the terms and conditions governing the Note or the Guarantied Obligations, or for any other reason, the Contributions under this Guaranty become inequitable, the parties hereto shall promptly modify and amend this Guaranty to provide for an equitable allocation of the - 7 - Subsidiary Note Guaranty 17 Contributions.
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