Guaranties by Subsidiaries. If and for so long as any Subsidiary, directly or indirectly, Guarantees any Debt of the Company (other than the Notes), such Subsidiary shall provide a Note Guaranty. A Subsidiary required to provide a Note Guaranty shall execute a supplemental indenture substantially in the form of Exhibit B, and deliver an Opinion of Counsel to the Trustee to the effect that the supplemental indenture has been duly authorized, executed and delivered by the Subsidiary and constitutes a valid and binding obligation of the Subsidiary, enforceable against the Subsidiary in accordance with its terms (subject to customary exceptions).
Guaranties by Subsidiaries. Other than in the ordinary course of business or to the holders of Senior Indebtedness, or unless the holders of Convertible Notes shall approve, the Company shall cause its Subsidiaries not to guaranty the Indebtedness of the Company or of any other party.
Guaranties by Subsidiaries. 30 SECTION 4.09. Equal and Ratable Liens .................................... 30 SECTION 4.10. Financial Reports .......................................... 31 SECTION 4.11. Reports to Trustee ......................................... 31
Guaranties by Subsidiaries. (a) If and for so long as any Subsidiary, directly or indirectly, Guaranties any Debt of the Company, such Subsidiary shall provide a Note Guaranty, and, if the guaranteed Debt of the Company is Subordinated Debt, the Guaranty of such guaranteed Debt must be subordinated in right of payment to the Note Guaranty to at least the extent that the guaranteed Debt is subordinated to the Notes.
Guaranties by Subsidiaries of the Borrower of Indebtedness of the Borrower or other Subsidiaries of the Borrower and Guaranties by the Borrower of Indebtedness of Subsidiaries of the Borrower, in each case to the extent such underlying Indebtedness is permitted hereunder;
Guaranties by Subsidiaries. If any Subsidiary that is not a Guarantor Guarantees any Indebtedness of the Company under, or becomes a borrower under, the Credit Facilities, such Subsidiary shall within 60 Business Days thereof provide a Subsidiary Guarantee; provided that such Subsidiary shall not be required to provide a Subsidiary Guarantee if it is an Ineligible Subsidiary. A Subsidiary required to provide a Subsidiary Guaranty shall execute a supplemental indenture in the form of Exhibit B, and deliver an Opinion of Counsel to the Trustee stating that the supplemental indenture has been duly authorized, executed and delivered by the Subsidiary and constitutes a valid and binding obligation of the Subsidiary, enforceable against the Subsidiary in accordance with its terms (subject to customary exceptions).
Guaranties by Subsidiaries. In the event that Borrower, following the date of this Agreement, establishes any subsidiary, whether wholly owned or otherwise, such subsidiary shall become an unconditional and unlimited guarantor of Borrower’s indebtedness and obligations to Bank and shall immediately execute a guaranty instrument, in form and substance acceptable to Bank, together with such other documents, instruments and other undertakings as Bank may require in its sale and exclusive discretion.
Guaranties by Subsidiaries. The Company will not permit any Subsidiary to directly or indirectly guarantee any of the Company's Indebtedness or other obligations under the Credit Agreement unless such Subsidiary is, or concurrently therewith becomes, a party to the Beldxx Xxxe Guaranty." Amendment of Section 11. Clause (c) of Section 11 of the 1997 Note Agreement is amended to read in its entirety as follows:
Guaranties by Subsidiaries. (a) The Company will not cause or permit any existing or newly acquired or formed Subsidiary of the Company to become obligated as a guarantor under the Primary Credit Facility (other than the Current Guarantors as guarantors under the Primary Credit Facility) unless, prior thereto or concurrently therewith (or, if such Subsidiary becomes so obligated prior to the issuance of the Bonds, concurrently with the issuance of the Bonds), and at the Company’s sole cost and expense, such Subsidiary becomes a guarantor in respect of the Bonds and delivers to each of the holders of the Bonds the following items:
Guaranties by Subsidiaries. 26 10.10. Transactions with Affiliates..................................................................27
