Favorable Treatment. The Borrower will not permit its Subsidiaries to give any guaranty or pledge of collateral (other than in connection with financing as permitted under Section 6.10(f) hereof) in respect of any other Indebtedness, unless such Subsidiary shall also give an equal and ratable guaranty and pledge of collateral of the loans and obligations hereunder (in substantially the form attached as Exhibit 6.20 or such other form as may be reasonably acceptable to the Administrative Agent and the Required Lenders) and become a Subsidiary Guarantor hereunder, without prejudice to any Event of Default that may arise under Section 6.07.
Favorable Treatment. 1. Each Party shall grant favorable treatment in its ports open to foreign commerce and navigation, to vessels of another Party.
Favorable Treatment. The Borrower will not permit any of its Subsidiaries to issue, have outstanding, or give any guaranty or pledge of collateral (other than in connection with financing as permitted under Section 6.10(f) hereof) in respect of, any other Indebtedness, unless such Subsidiary shall also give an equal and ratable guaranty and pledge of collateral of the loans and obligations hereunder (in substantially the form attached as Exhibit 6.20 or such other form as may be reasonably acceptable to the Administrative Agent and the Required Lenders) and become a Subsidiary Guarantor hereunder, without prejudice to any Event of Default that may arise under Section 6.07; provided, however, that notwithstanding anything to the contrary herein, (x) this Section 6.20 shall not apply to HR until the second Business Day following the Closing Date and (y) Indebtedness of HR permitted by Section 6.10(j) that is outstanding in an aggregate amount not in excess of $250,000,000 shall not require HR to become a Subsidiary Guarantor hereunder. In addition, within two (2) Business Days following the Closing Date, the Parent and Borrower shall cause the HR Contribution to have been effectuated. If at any time the requirements set forth in the immediately preceding sentence of this Section 6.20 are not satisfied, HR shall be required to become a Guarantor by executing and delivering the HR Guaranty to the Administrative Agent; provided, that, upon the consummation of the HR Contribution, so long as no Event of Default has occurred and is continuing or would occur after giving effect thereto, the HR Guaranty shall be deemed automatically released (without any other action by the Administrative Agent or any other Person) unless HR is otherwise required to be a Subsidiary Guarantor pursuant to the first sentence of this paragraph. With respect to any such Subsidiary that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation, the Borrower shall deliver to the Administrative Agent, and any Lender requesting the same, a Beneficial Ownership Certification with respect to such Subsidiary at least five (5) Business Days prior to the effective date of the Guaranty.
Favorable Treatment. If, during the 60 days immediately following the date hereof, there is any change to any of the material terms of the Articles Supplementary relating to the Class O Preferred Stock or if any securities issued in exchange for the Class O Preferred Stock have material terms different from those contained in the Class O Preferred Stock on the date hereof, and such difference results in improved material terms for the holder of those securities (which may include, without limitation, a lower conversion, exchange, exercise or strike price per share, as the case may be, longer period of no-call protection, better financial or other covenants, greater dividend rate, greater liquidation preference, greater redemption payments, greater conversion rate, priority ranking or a greater change of control price), then the Company shall immediately notify the Investor in writing of such difference. The Investor shall have 10 business days following receipt of such notice to notify the Company that the Investor elects to (i) exchange all, but not a portion, of the Class X Preferred Shares owned by the Investor and its affiliates for, at the Investor's option, either (A) shares of Class O Preferred Stock or the securities issued in exchange for the shares of Class O Preferred Stock or (B) a new class of securities with terms equivalent to those of the Class X Preferred Shares and incorporating such improved terms, in either case with a value equal to the aggregate liquidation preference of the Class X Preferred Shares exchanged, plus accumulated and unpaid dividends thereon to the date of the exchange, and/or (ii) amend this Agreement so that the Investor's rights and obligations hereunder include such improved terms. Within 10 business days after receipt of notice from the Investor of such election, the Company shall effect such exchange and/or amendment. The Company hereby covenants to take all such actions as are reasonably necessary to effect such exchange and amendment in accordance herewith.
Favorable Treatment. 44 Section 5.27
Favorable Treatment. The Borrower will not permit its Subsidiaries to give a Guarantee or pledge of collateral (other than in connection with non-recourse financing as permitted under Section 5.10(d) hereof) in respect of any other Debt (other than the guaranty in respect of the $90 million 1995 private placement note issue and then only to the extent that the maturity date of the guaranteed indebtedness is not extended beyond the original maturity date and the payment terms thereof are not otherwise amended or modified) unless such Subsidiary shall also give an equal and ratable Guarantee and pledge of collateral of the loans and obligations hereunder (in substantially the form attached as Schedule 5.26 or such other form as may be reasonably acceptable to the Agent and the Majority Banks) and become a Subsidiary Guarantor hereunder, without prejudice to any Event of Default that may arise under Section 5.06.
Favorable Treatment. During the term of the Contract, in order to support Party B’s business operation, Party A shall give Party B relevant favorable treatment. Refer to the Appendix hereto for details on relevant fee rates and favorable treatment.
