US Guaranty Agreement definition
Examples of US Guaranty Agreement in a sentence
The Administrative Agent shall have received the US Guaranty Agreement executed by each Domestic Guarantor and the Foreign Guaranty Agreement executed by each Foreign Guarantor.
Within 45 days after the end of each fiscal quarter, IHS shall make the calculations to determine whether: (i) all Domestic Subsidiaries who are Material Subsidiaries are party to the US Guaranty Agreement; (ii) all Foreign Subsidiaries who are Material Subsidiaries are party to the Foreign Guaranty Agreement; and (iii) if the Aggregation Test was satisfied as of such fiscal quarter end.
IHS will not permit any Domestic Subsidiary to be a guarantor or borrower under the Term Loan Credit Agreement, the 2012 Credit Agreement or the Permitted Capital Markets Debt unless such Domestic Subsidiary is a Guarantor under the US Guaranty Agreement.
The Guarantors (other than Holdings) together desire to allocate among themselves (collectively, the “Contributing Guarantors”), in a fair and equitable manner, their obligations (other than, with respect to any Guarantor, any Excluded Swap Obligations of such Guarantor) arising under this Guaranty Agreement and the other Loan Documents (other than the US Guaranty Agreement).
IHS will not permit any Domestic Subsidiary to be a guarantor or borrower under the 2012 Credit Agreement or the 2013 Credit Agreement unless such Domestic Subsidiary is a Guarantor under the US Guaranty Agreement.
In addition, as promptly as possible and without giving effect to the 45 days mentioned above, IHS will cause each Domestic Subsidiary which is not a party to the US Guaranty Agreement which is a guarantor, borrower or issuer, as applicable, under the Term Loan Credit Agreement, the 2012 Credit Agreement or the Permitted Capital Markets Debt Indenture to comply promptly with the requirements of clauses (i)-(ii) of the preceding sentence.
Each U.S. Borrower's obligations under this Agreement and as an obligor under a U.S. Guaranty Agreement shall be separate and distinct obligations.
Contemporaneously with the execution of this Amendment, Seismic Micro-Technology, Inc., a Texas corporation, shall execute and deliver a Subsidiary Joinder Agreement and become a Domestic Guarantor party to the US Guaranty Agreement.
Section 5.09(b) of the Agreement is amended by inserting the following at the end thereof: In addition, IHS will cause each Domestic Subsidiary which is not a party to the US Guaranty Agreement which is a guarantor or borrower under the 2012 Credit Agreement or the 2013 Credit Agreement to comply promptly with the requirements of clauses (i)-(iii) of the preceding sentence.
In addition, as promptly as possible and without giving effect to the 45 days 007751-0138-14324-Active.18437309 #86412664v10 mentioned above, IHS will cause each Domestic Subsidiary which is not a party to the US Guaranty Agreement which is a guarantor, borrower or issuer, as applicable, under the Term Loan Credit Agreement, the 2012 Credit Agreement or the Permitted Capital Markets Debt Indenture to comply promptly with the requirements of clauses (i)-(ii) of the preceding sentence.