Examples of Unsecured Guarantor in a sentence
Authorised Officer means: (a) a director or secretary of the Unsecured Guarantor; or (b) the Chief Financial Officer of the Unsecured Guarantor.
Financial covenants:Notes will have the benefit of certain financial covenants as described in Condition 4.2 (“Financial covenants”).Substitution: Under Condition 15 (“Substitution”), a Trustee of a Relevant Trust may be substituted by another entity owned by, or which owns, the Unsecured Guarantor and provided that the conditions set out in that Condition have been satisfied.
The Unsecured Guarantor will not, and will not permit any of its Restricted Subsidiaries to, create, incur, assume or suffer to exist any Lien (each, an “ Initial MRH Lien”) upon any of their respective assets, other than MRH Permitted Liens, unless the Notes are equally and ratably secured with the obligations secured by such Initial MRH Lien until such time as such obligations are no longer secured by such Initial MRH Lien.
However, Centuria Funds Management Limited is a wholly- owned subsidiary of the Unsecured Guarantor and is not guaranteeing the Notes or grantingany Security in its personal capacity therefore that security does not affect the priority of the Security granted in favour of the Security Trustee by each Secured Guarantor.Each Security described above is governed by the laws of New South Wales.Each Secured Guarantor’s principal assets are described in the section entitled “The Issuer and the Guarantors”.
The terms of other existing and future Indebtedness of the Company, the Unsecured Guarantor or their respective Subsidiaries may require that such other Indebtedness be similarly secured by an equal and ratable Lien on such assets.