Guaranties of Subsidiaries. Each Subsidiary of Plains MLP now existing or created, acquired or coming into existence after the date hereof shall, promptly upon request by Administrative Agent, execute and deliver to Administrative Agent an absolute and unconditional guaranty of the timely repayment of the Obligations and the due and punctual performance of the obligations of Borrower hereunder, which guaranty shall be satisfactory to Administrative Agent in form and substance. Each Subsidiary of Plains MLP existing on the date hereof shall duly execute and deliver such a guaranty prior to the making of any Loan hereunder. Plains MLP will cause each of its Subsidiaries to deliver to Administrative Agent, simultaneously with its delivery of such a guaranty, written evidence satisfactory to Administrative Agent and its counsel that such Subsidiary has taken all corporate or partnership action necessary to duly approve and authorize its execution, delivery and performance of such guaranty and any other documents which it is required to execute.
Guaranties of Subsidiaries. Each Significant Restricted Person that has outstanding Indebtedness (other than guarantees hereunder), other than a Significant Restricted Person with assets that are regulated by the California Public Utility Commission (the “CPUC”) or other similar regulatory body and such Significant Restricted Person is restricted by the CPUC or such body from providing any guaranties of Indebtedness, shall execute and deliver to Administrative Agent an absolute and unconditional guaranty of the timely repayment of the Obligations (in each case for which such Person is not a borrower, account party or similar primary and direct obligor), which guaranty shall be reasonably satisfactory to Administrative Agent in form and substance; provided, with respect to any such Person that is not a Wholly Owned Subsidiary of Borrower, for which consent or approval of third parties is required for the delivery of such guaranty, such Person shall not be required to deliver such guaranty, but shall use its commercially reasonable best efforts, as determined by Administrative Agent, to deliver such guaranty. Notwithstanding any provision contained herein to the contrary, in no event shall any Unrestricted Subsidiary be required to execute and deliver any guaranty for, or in respect of, the Obligations, or any part thereof. Borrower will cause each of its Subsidiaries required to deliver a guaranty pursuant to this Section 6.9 to deliver to Administrative Agent, simultaneously with its delivery of such a guaranty, written evidence satisfactory to Administrative Agent that such Subsidiary has taken all corporate, limited liability company or partnership action necessary to duly approve and authorize its execution, delivery and performance of such guaranty. Borrower may at any time request the release of one or more Guarantors from their guaranty of the Obligations, and each such Guarantor shall be so released upon such request, provided, no Default exists immediately prior thereto or immediately after giving effect thereto, and either (a) such Guarantor has no outstanding Indebtedness or guaranties of Indebtedness (other than guaranties hereunder) or (b) the request is in contemplation of the sale or disposition of such Subsidiary (including all or substantially all of its assets). Administrative Agent is authorized to execute and deliver to Borrower evidence of any such release, as reasonably requested by, and at the expense of, Borrower.
Guaranties of Subsidiaries. 54 Section 6.18.
Guaranties of Subsidiaries. (a) Each Subsidiary, whether existing on the Closing Date or created, acquired or coming into existence after the Closing Date, that Guarantees any other Indebtedness of the Borrower shall execute and deliver to the Administrative Agent a Guaranty.
Guaranties of Subsidiaries. The Obligations shall also be guaranteed pursuant to the terms of the Guaranty.
Guaranties of Subsidiaries. The Obligations shall also be guaranteed pursuant to the terms of the Guaranties.
Guaranties of Subsidiaries. Unconditional Continuing Guaranties executed by all Subsidiaries of Borrower other than Non-Corporate Subsidiaries.
Guaranties of Subsidiaries. There is no Subsidiary that, in accordance with Section 10.7 of the Existing Note Purchase Agreements, should have become a Guarantor under the Note Purchase Agreements, but has not executed and delivered the requisite documents, as required by such Section, to become a Guarantor under the Note Purchase Agreements. All Subsidiaries are listed on the signature pages hereto.
Guaranties of Subsidiaries. All of the Obligations shall be guaranteed by CAI pursuant to the terms of the Guaranty contained in §17. In addition, the Obligations of the Borrower shall be further guaranteed (A) to the extent provided in §8.15 by each Foreign Subsidiary of the Borrower (other than a Securitization Entity) in accordance with the terms of the Foreign Guaranties to which each such Person is a party and (B) to the extent provided in §8.14 by each Domestic Subsidiary of the Borrower (other than a Securitization Entity). Notwithstanding anything to the contrary in this §6.2, a Securitization Entity shall not be subject to the guaranty requirements of this §6.2.
Guaranties of Subsidiaries. (a) Subject to Section 6.13(b), each Restricted Subsidiary of Pacific Energy Partners (other than Borrower) now existing or created, acquired or coming into existence after the date hereof shall, promptly upon request by Administrative Agent, execute and deliver to Administrative Agent an absolute and unconditional Guaranty of the timely repayment of the Obligations and the due and punctual performance of the obligations of Borrower hereunder. Subject to Section 6.13(b), each Restricted Subsidiary of Pacific Energy Partners existing on the date hereof (other than Borrower) shall duly execute and deliver such a Guaranty prior to the making of any Loan hereunder. Pacific Energy Partners and Borrower will cause each of its Restricted Subsidiaries (other than Borrower) to deliver to Administrative Agent, simultaneously with its delivery of such a Guaranty, written evidence reasonably satisfactory to Administrative Agent and its counsel that such Restricted Subsidiary has taken all corporate, limited liability company or partnership action necessary to duly approve and authorize its execution, delivery and performance of such Guaranty and any other documents which it is required to execute.
