Examples of Term Loan Guarantors in a sentence
Lien Guarantee and Collateral Agreement dated as of the date hereof among Holdings, Mid-Holdings, the Borrower, certain Subsidiaries of Mid-Holdings and the Senior Lien Term Loan Agent (the “Senior Lien Term Loan Guarantee and Collateral Agreement”), the Senior Lien Term Loan Guarantors have agreed, inter alia, to guarantee the payment and performance of the Borrower’s obligations under the Senior Lien Term Loan Documents.
As more fully set forth in the Prepetition 1L Term Loan Documents, prior to the Petition Date, the Borrowers and the Prepetition Term Loan Guarantors granted to the Prepetition 1L Term Agent, for the benefit of itself and the Prepetition 1L Term Lenders, a security interest in and continuing lien on (the “Prepetition 1L Term LoanLiens”) substantially all of their assets and property (the “Prepetition 1L Term Loan Collateral”).
Pursuant to applicable law, each of the Term Loan Guarantors waives any defense arising out of any such election even though such election operates, pursuant to applicable law, to impair or to extinguish any right of reimbursement or subrogation or other right or remedy of such Term Loan Guarantor against ROC, any other Term Loan Guarantor or guarantor, as the case may be, or any collateral security.
As used herein, the term “Companies” means Holdings, the Term Loan Borrower, the ABL Borrower, the Term Loan Guarantors, the ABL Guarantors and each of their respective Domestic Subsidiaries.
The Revolving Credit Loan/Tranche A Term Loan Obligations of the Borrower guaranteed by the Revolving Credit Loan/Tranche A Term Loan Guarantors are referred to as the "Revolving Credit Loan/Tranche A Term Loan Guaranteed Obligations" and the Tranche C Term Loan Obligations of the Borrower guaranteed by the Tranche C Term Loan Guarantor are referred to as the "Tranche C Term Loan Guaranteed Obligations".