Common use of Limitation on Guarantees Clause in Contracts

Limitation on Guarantees. (a) The Issuer (a) will not permit any of its Wholly Owned Domestic Subsidiaries that are Restricted Subsidiaries (and non-Wholly Owned Domestic Subsidiaries if such non-Wholly Owned Domestic Subsidiaries guarantee, or are a co-issuer of, other capital markets debt securities of the Issuer or any Restricted Subsidiary or guarantee all or a portion of, or are a co-borrower under, the Credit Agreement), other than the Co-Issuer or a Guarantor, to (i) Guarantee the payment of any Indebtedness of the Issuers or any Guarantor or (ii) incur any Indebtedness under the Credit Agreement and (b) will not permit any other Restricted Subsidiary to Guarantee the payment of any Indebtedness under the Credit Agreement, in each case, unless:

Appears in 3 contracts

Samples: Indenture (New Red Canada Partnership), Indenture (Burger King Worldwide, Inc.), Restaurant Brands International Inc.

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Limitation on Guarantees. (a) The Issuer Company (a) will not permit any of its Wholly Owned Domestic Subsidiaries that are Restricted Subsidiaries (and non-Wholly Owned Domestic Subsidiaries if such non-Wholly Owned Domestic Subsidiaries guarantee, or are a co-issuer of, other capital markets debt securities of the Issuer Company or any Restricted Subsidiary or guarantee all or a portion of, or are a co-borrower under, the Credit Agreement), other than the Co-Issuer or a Guarantor, to (i) Guarantee the payment of any Indebtedness of the Issuers Company or any Guarantor or (ii) incur any Indebtedness under the Credit Agreement and (b) will not permit any other Restricted Subsidiary to Guarantee the payment of any Indebtedness under the Credit Agreement, in each case, unless:

Appears in 2 contracts

Samples: Chiron Merger (Kinetic Concepts Inc), Chiron Merger (Kinetic Concepts Inc)

Limitation on Guarantees. (a) The Issuer (a) will not permit any of its Wholly Owned Domestic Subsidiaries that are Restricted Subsidiaries (and non-Wholly Owned Domestic Subsidiaries if such non-Wholly Owned Domestic Subsidiaries guarantee, or are a co-issuer of, other capital markets debt securities of the Issuer or any Restricted Subsidiary or guarantee all or a portion of, or are a co-borrower under, the Credit Agreement), other than the Co-Issuer or a Guarantor, to (i) Guarantee the payment of any Indebtedness of the Issuers Issuer or any Guarantor or (ii) incur any Indebtedness under the Credit Agreement and (b) will not permit any other Restricted Subsidiary to Guarantee the payment of any Indebtedness under the Credit Agreement, in each case, unless:

Appears in 2 contracts

Samples: Indenture (Heinz H J Co), Second Agreement (H. J. Heinz Corp II)

Limitation on Guarantees. (a) The Issuer Companies (ai) will not permit any of its their Wholly Owned Domestic Restricted Subsidiaries that are Restricted Subsidiaries (and any non-Wholly Owned Domestic Subsidiaries that are Restricted Subsidiaries (and non-Wholly Owned Domestic Subsidiaries if such non-Wholly Owned Domestic Subsidiaries guaranteethat Guarantee, or are a co-issuer of, other capital markets debt securities of the Issuer a Company or any Restricted Subsidiary or guarantee Guarantee all or a portion of, or are a co-borrower under, the Credit Agreement), other than the Co-Issuer or a Subsidiary Guarantor, to (iA) Guarantee the payment of any Indebtedness of the Issuers or any Guarantor Guarantor, or (iiB) incur any Indebtedness under the Credit Agreement and (bii) will not permit any other Restricted Subsidiary that is not a Subsidiary Guarantor to Guarantee the payment of any Indebtedness under the Credit Agreement, in each case, unless:

Appears in 1 contract

Samples: Indenture (Yum Brands Inc)

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Limitation on Guarantees. (a) The Issuer Company (a) will not permit any of its Wholly Owned Domestic Subsidiaries that are Restricted Subsidiaries (and non-Wholly Owned Domestic Subsidiaries if such non-Wholly Owned Domestic Subsidiaries guarantee, or are a co-issuer of, other capital markets debt securities of the Issuer Company or any Restricted Subsidiary or guarantee all or a portion of, or are a co-borrower under, the Credit Agreement), other than the Co-an Issuer or a Guarantor, to (i) Guarantee the payment of any Indebtedness of the Issuers an Issuer or any Guarantor or (ii) incur any Indebtedness under the Credit Agreement and (b) will not permit any other Restricted Subsidiary to Guarantee the payment of any Indebtedness under the Credit Agreement, in each case, unless:

Appears in 1 contract

Samples: Indenture (Acelity L.P. Inc.)

Limitation on Guarantees. (a) The Issuer Companies (ai) will not permit any of its their Wholly Owned Domestic Subsidiaries that are Restricted Subsidiaries (and any non-Wholly Owned Domestic Subsidiaries if such non-Wholly Owned Domestic that are Restricted Subsidiaries guaranteethat Guarantee, or are a co-issuer of, other capital markets debt securities of the Issuer a Company or any Restricted Subsidiary or guarantee Guarantee all or a portion of, or are a co-borrower under, the Credit Agreement), other than the Co-Issuer or a Subsidiary Guarantor, to (iA) Guarantee the payment of any Indebtedness of the Issuers or any Guarantor Guarantor, or (iiB) incur any Indebtedness under the Credit Agreement and (bii) will not permit any other Restricted Subsidiary that is not a Subsidiary Guarantor to Guarantee the payment of any Indebtedness under the Credit Agreement, in each case, unless:

Appears in 1 contract

Samples: Non Disturbance Agreement (Yum Brands Inc)

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