Common use of Limitation on Issuance of Guarantees of Indebtedness by Restricted Subsidiaries Clause in Contracts

Limitation on Issuance of Guarantees of Indebtedness by Restricted Subsidiaries. (a) The Parent will not cause or permit any Restricted Subsidiary (which is not a Guarantor), directly or indirectly, to guarantee, assume or in any other manner become liable with respect to any Indebtedness of any Restricted Subsidiary under the Revolving Credit Facility or the OeKB Facility or any refinancing Indebtedness in respect thereof, unless such Restricted Subsidiary simultaneously executes and delivers a supplemental indenture to this Indenture providing for a Note Guarantee on the same terms as the other Note Guarantees by the Guarantors except that:

Appears in 2 contracts

Samples: Indenture (Sappi LTD), Indenture (Sappi LTD)

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Limitation on Issuance of Guarantees of Indebtedness by Restricted Subsidiaries. (a) The Parent will not cause or permit any Restricted Subsidiary (which is not a Guarantor), directly or indirectly, to guarantee, assume or in any other manner become liable with respect to any Indebtedness of any Restricted Subsidiary under the Revolving Credit Facility or the OeKB Facility or any refinancing Indebtedness in respect thereof, unless such Restricted Subsidiary simultaneously executes and delivers a supplemental indenture to this Indenture providing for a Note Guarantee of the Notes on the same terms as the other Note Guarantees of the Notes by the Guarantors except that:

Appears in 2 contracts

Samples: Indenture (Sappi LTD), Indenture (Sappi LTD)

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Limitation on Issuance of Guarantees of Indebtedness by Restricted Subsidiaries. (a) The Parent will not cause or permit any Restricted Subsidiary (which is not a Guarantor), directly or indirectly, to guarantee, assume or in any other manner become liable with respect to any Indebtedness of any Restricted Subsidiary under the Revolving Credit Facility or the New OeKB Facility or any refinancing Indebtedness in respect thereof, unless such Restricted Subsidiary simultaneously executes and delivers a supplemental indenture to this Indenture providing for a Note Guarantee on the same terms as the other Note Guarantees by the Guarantors except that:

Appears in 2 contracts

Samples: Indenture (Sappi LTD), Indenture (Sappi LTD)

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