Guarantees and Security. A waiver of issuance or the release of any Guarantor from any of its obligations under Clause 29 (Guarantee and Indemnity) or a release of any Security under the Security Documents, in each case, other than in accordance with the terms of any Finance Document shall require the prior written consent of affected Lenders whose Available Commitments plus Outstandings amount in aggregate to more than 90 per cent. of the Available Facilities plus aggregate Outstandings.
Guarantees and Security. Effective as of the Agreement Date:
Guarantees and Security. The Borrower shall:
Guarantees and Security. (a) The Company shall:
Guarantees and Security. Other than in the ordinary and usual course of business, so far as the Seller is aware, there is no outstanding guarantee or other security or arrangement having an effect equivalent to the granting of security given:
Guarantees and Security. 3.1 It is agreed between the parties to this Indenture that subject to the other provisions of this Schedule I, no individual item of security shall be granted unless on or about the same time, security of an equivalent nature is granted to or for the benefit of Law Debenture Trust Company, in its capacity as trustee for certain of the Existing Secured Notes.
Guarantees and Security. Each Guarantor consents to the amendments to the Original Credit Agreement as set out in Clause 2 of this Third Supplemental Agreement and:
Guarantees and Security. To guarantee the full and punctual payment of the principal, premium and Special Interest, if any, and interest (including post-filing or post-petition interest) on the Notes and all other obligations and liabilities of the Issuers under the Indenture, the Notes, the Registration Rights Agreement and the Security Documents when and as the same shall be due and payable, whether at maturity, by acceleration or otherwise, according to the terms of the Notes and the Indenture, the Guarantors have unconditionally Guaranteed (and future guarantors, together with the Subsidiary Guarantors, will unconditionally Guarantee), jointly and severally, such obligations on, in the case of the Parent Guarantor, a senior unsecured basis, and in the case of the Subsidiary Guarantors, a senior secured basis, in each case pursuant to the terms of the Indenture. The Notes and the Subsidiary Guarantees are secured by first-priority Liens and security interests on the Note Priority Collateral and by second-priority Liens and security interests on the ABL Priority Collateral on the terms and conditions set forth in the Indenture and the Security Documents. The Collateral Agent holds the Collateral in trust for the benefit of the Trustee and the Holders, in each case pursuant to the Security Documents. Each Holder by accepting this Note consents and agrees to the terms of the Security Documents as the same may be in effect or may be amended from time to time in accordance with their terms and the Indenture authorizes and directs the Collateral Agent to enter into the Security Documents and to perform its obligations and exercise its rights thereunder in accordance therewith.
Guarantees and Security. The payment of principal and interest on the Notes will be unconditionally guaranteed on a senior secured basis by the Company and the other Guarantors to the extent set forth in and subject to the conditions of the Indenture. The Notes will be secured by the Collateral on the terms and subject to the conditions set forth in the Indenture, any Intercreditor Agreement and the Security Documents.
Guarantees and Security. 23 9. Miscellaneous.......................................................................................24 10. Counterparts........................................................................................24 11.
