Substitute Guarantees definition
Examples of Substitute Guarantees in a sentence
The obligations of the Subsidiary Guarantors, including, without limitation, the Guarantors, under the Substitute Guarantees are joint and several obligations.
On or as promptly as practicable following the Closing Date, but in no event later than the Separation Date, Tronox shall obtain replacements for such Business Guarantees or will either terminate the business transactions or programs of the Tronox Group supported or facilitated by such Business Guarantees or arrange for itself or one of its Subsidiaries to be substituted as the primary obligor thereto (collectively, the "Substitute Guarantees").
The obligations of the Subsidiary Guarantors, including without limitation, the Guarantor, under the Substitute Guarantees are joint and several obligations.