Non-Guarantor Subsidiary means any Restricted Subsidiary that is not a Guarantor.
Non-Guarantor Subsidiary any Subsidiary of the Borrower which is not a Subsidiary Guarantor.
Non-Guarantor Subsidiary means any Restricted Subsidiary that is not a Subsidiary Guarantor.
Examples of Non-Guarantor Subsidiary in a sentence
Limitations on Non-Guarantor Subsidiary Indebtedness 47 Section 6.05.
More Definitions of Non-Guarantor Subsidiary
Non-Guarantor Subsidiary means any Subsidiary (whether direct or indirect) of the Borrower, other than any Subsidiary which owns an Unencumbered Property or any Subsidiary which owns any of the Equity Interests of any such Subsidiary, which (a) is (i) formed for or converted to the specific purpose of holding title to Real Property assets which are collateral for Indebtedness owing or to be owed by such Subsidiary, provided that such Indebtedness must be incurred or assumed within ninety (90) days, such ninety (90) day period to be extended for an additional sixty (60) days if the Borrower provides an executed term sheet or commitment letter for the financing of such Real Property to the Administrative Agent (or, in either instance, for such longer period as the Administrative Agent may agree in writing) of such formation or conversion or such Subsidiary shall cease to qualify as a Non Guarantor Subsidiary, and (ii) expressly prohibited in writing from guaranteeing Indebtedness of any other person or entity pursuant to (A) a provision in any document, instrument or agreement evidencing such Indebtedness of such Subsidiary or (B) a provision of such Subsidiary’s Organization Documents, in each case, which provision was included in such Organization Document or such other document, instrument or agreement at the request of the applicable third party creditor and as an express condition to the extension or assumption of such Indebtedness; provided that a Subsidiary meeting the requirements set forth in this clause (a) shall only remain a “Non-Guarantor Subsidiary” for so long as (1) each of the foregoing requirements set forth in this clause (a) are satisfied, (2) such Subsidiary does not guarantee any other Indebtedness, and (3) the Indebtedness with respect to which the restrictions noted in clause (a) (ii) are imposed remains outstanding; (b)(i) becomes a Subsidiary following the Closing Date, (ii) is not a Wholly Owned Subsidiary of the Borrower, and (iii) with respect to which the Borrower and its Affiliates, as applicable, do not have sufficient voting power to cause such Subsidiary to become a Guarantor hereunder; (c) is an Immaterial Subsidiary; (d) is a Subsidiary which has been released from its Obligations under a Subsidiary Guaranty pursuant to Section 2.17(b) below, or (e) is not a domestic Subsidiary. For the avoidance of doubt, STAG Industrial Management, LLC, the Subsidiary that employs the Parent Guarantor’s employees, shall be deemed to be a Non-Guarantor Subsidiary...
Non-Guarantor Subsidiary means any Subsidiary of the Borrower that is not a Guarantor.
Non-Guarantor Subsidiary means any Subsidiary that is not Credit Party.
Non-Guarantor Subsidiary means any Restricted Subsidiary of the Issuer that is not a Guarantor.
Non-Guarantor Subsidiary means each Subsidiary that is not a Guarantor.
Non-Guarantor Subsidiary means any Restricted Subsidiary of the Issuer that is not a Guarantor. “Non-U.S. Person” means a Person who is not a U.S. Person.
Non-Guarantor Subsidiary means each Subsidiary of the Borrower that is not a Guarantor.