Successor Parent Guarantor definition

Successor Parent Guarantor means a Guarantor that has been designated as “Parent Guarantor” pursuant to a New Parent Guarantor Designation and is not a Prior Parent Guarantor.
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Successor Parent Guarantor has the meaning assigned to such term in Section 5.01(a)(1).
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Successor Parent Guarantor is added as a defined term to Section 1.1 of the Indenture, to read as follows: ““Successor Parent Guarantor” means a Guarantor that has been designated as “Parent Guarantor” pursuant to a New Parent Guarantor Designation.”;
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Examples of Successor Parent Guarantor in a sentence

  • The predecessor company will be released from its obligations under this Indenture and the Guarantees and the Successor Parent Guarantor will succeed to, and be substituted for, and may exercise every right and power of, Parent under this Indenture and any such Guarantee, but, in the case of a lease of all or substantially all its assets, the predecessor company will not be released from its obligations under any such Guarantee.

  • The Successor Parent Guarantor (if not the Parent Guarantor) will be the successor to the Parent Guarantor and shall succeed to, and be substituted for, and may exercise every right and power of, the Parent Guarantor under this Indenture, the Notes, its Note Guarantee and the Security Documents and the predecessor Parent Guarantor, except in the case of a lease, shall be released from the obligation to pay the principal of and interest on the Notes.

  • Except as otherwise provided in this Indenture, the Successor Parent Guarantor (if other than Xxxxxx’x Entertainment) will succeed to, and be substituted for, Xxxxxx’x Entertainment under this Indenture, Xxxxxx’x Entertainment’s Note Guarantee, and Xxxxxx’x Entertainment will automatically be released and discharged from its obligations under this Indenture and such Note Guarantee.

  • Except as otherwise provided in this Indenture, the Successor Parent Guarantor (if other than Caesars Entertainment) will succeed to, and be substituted for, Caesars Entertainment under this Indenture, Caesars Entertainment’s Note Guarantee, and Caesars Entertainment will automatically be released and discharged from its obligations under this Indenture and such Note Guarantee.

  • The Successor Parent Guarantor will succeed to, and be substituted for, UK Holdco under this Indenture and UK Holdco’s Guarantee, and UK Holdco will automatically be released and discharged from its obligations under this Indenture, the Security Documents and UK Holdco’s Guarantee.

  • The Successor Parent Guarantor (if not the Parent Guarantor) shall be the successor to the Parent Guarantor and shall succeed to, and be substituted for, and may exercise every right and power of, the Parent Guarantor under this Indenture, and the predecessor Parent Guarantor, except in the case of a lease, shall be released from all obligations under this Indenture and the Parent Guarantee.

  • Subject to certain limitations described in this Indenture, the Successor Parent Guarantor (if other than Parent) will succeed to, and be substituted for, Parent under this Indenture and the Notes or Parent’s Guarantee, as applicable, and Parent will automatically be released and discharged from its obligations under this Indenture and its Guarantee.

  • The Successor Parent Guarantor will succeed to, and be substituted for, UK Holdco under this Indenture and UK Holdco’s Guarantee, and UK Holdco will automatically be released and discharged from its obligations under this Indenture and UK Holdco’s Guarantee.

  • Promptly after the consummation of the merger of the Initial Parent Guarantor with and into the Successor Parent Guarantor, the Company shall notify the Trustee in writing thereof.

  • The Successor Parent Guarantor will succeed to, and be substituted for, Holdings under this Indenture, Holdings’ Guarantee and the Security Documents, and Holdings will automatically be released and discharged from its obligations under this Indenture, Holdings’ Guarantee and the Security Documents.


More Definitions of Successor Parent Guarantor

Successor Parent Guarantor as defined in Subsection 8.2(a).
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Related to Successor Parent Guarantor

  • Successor Parent with respect to any Person means any other Person with more than 50% of the total voting power of the Voting Stock of which is, at the time the first Person becomes a Subsidiary of such other Person, “beneficially owned” (as defined below) by one or more Persons that “beneficially owned” (as defined below) more than 50% of the total voting power of the Voting Stock of the first Person immediately prior to the first Person becoming a Subsidiary of such other Person. For purposes hereof, “beneficially own” has the meaning correlative to the term “beneficial owner,” as such term is defined in Rules 13d-3 and 13d-5 under the Exchange Act (as in effect on the Issue Date).

  • Successor Guarantor shall have the meaning specified in Section 11.02(a).

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

  • Successor Company shall have the meaning specified in Section 11.01(a).

  • Successor Holdings has the meaning assigned to such term in Section 6.03(a)(v).

  • Wholly Owned Subsidiary Guarantor any Subsidiary Guarantor that is a Wholly Owned Subsidiary of the Borrower.

  • Significant Guarantor means any guaranty agency that guarantees trust student loans comprising at least 10% of the Pool Balance of the trust student loans by outstanding principal balance as of the statistical disclosure date.

  • Successor Issuer means an issuer existing as a result of a reorganization, other than, in the case where the reorganization involved a divestiture of a portion of a participant's business, an issuer that succeeded to or otherwise acquired the portion of the business divested;

  • Successor Borrower has the meaning assigned to such term in Section 6.07(a).

  • Ultimate Parent Company means a company which owns at least twenty six percent (26%) equity in the Bidding Company or Member of a Consortium, (as the case may be) and in the Technically Evaluated Entity and/or Financially Evaluated Entity (as the case may be) and such Bidding Company or Member of a Consortium, (as the case may be) and the Technically Evaluated Entity and/or Financially Evaluated Entity (as the case may be) shall be under the direct control or indirectly under the common control of such company;

  • Transferred Guarantor shall have the meaning assigned to such term in Section 7.09.

  • Original Guarantor means the Persons identified as such in the first paragraph of this Indenture until a successor Person shall have become such pursuant to the applicable provisions of this Indenture, and thereafter each such successor Person shall be an “Original Guarantor”.

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

  • Ultimate Parent Entity means a Constituent Entity of an MNE Group that meets the following criteria:

  • Parent Company means, with respect to a Lender, the bank holding company (as defined in Federal Reserve Board Regulation Y), if any, of such Lender, and/or any Person owning, beneficially or of record, directly or indirectly, a majority of the shares of such Lender.

  • Specified Guarantor means any Guarantor that is not an “eligible contract participant” under the Commodity Exchange Act (determined prior to giving effect to Section 11.12).

  • U.S. Subsidiary Guarantor means each U.S. Subsidiary which has executed and delivered to the U.S. Administrative Agent the U.S. Subsidiary Guaranty (or a supplement thereto).

  • Operating Subsidiary means a majority-owned subsidiary of a financial

  • Subsidiary means, with respect to any specified Person:

  • 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.

  • Initial Guarantor has the meaning set forth in the preamble hereto.

  • Parent Guarantors means the Company, Holdings I, Holdings II, Holdings III, Holdings IV and Holdings V.

  • Parent Guarantee means the guarantee by Parent Guarantor of the obligations of the Issuer under this Indenture and the Securities in accordance with the provisions of this Indenture.

  • Issuer Subsidiary means any subsidiary of the Issuer.

  • SPE Subsidiary means any Subsidiary formed solely for the purpose of, and that engages only in, one or more Securitization Transactions.

  • Successor Person has the meaning assigned to such term in Section 6.03(b)(i).