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

Limitation on Issuances of Guarantees by Restricted Subsidiaries. (a) The Issuer will not permit any of its Restricted Subsidiaries, directly or indirectly, to Guarantee any Indebtedness of the Issuer or a Subsidiary Guarantor which ranks equally with or subordinate in right of payment to the Notes (or the applicable Subsidiary Guarantee) (“Guaranteed Indebtedness”), unless:

Appears in 3 contracts

Samples: Omega Healthcare Investors Inc, Omega Healthcare Investors Inc, Omega Healthcare Investors Inc

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Limitation on Issuances of Guarantees by Restricted Subsidiaries. (a) The Issuer will not permit any of its Restricted SubsidiariesSubsidiary, directly or indirectly, to Guarantee any Indebtedness of the Issuer or a Subsidiary Guarantor which ranks equally with is pari passu in right of payment with, or subordinate in right of payment to to, the Notes Securities of any particular series (or the applicable Subsidiary Guarantee) (“"Guaranteed Indebtedness"), unless:

Appears in 1 contract

Samples: Senior Debt Indenture (Caprock Communications Corp)

Limitation on Issuances of Guarantees by Restricted Subsidiaries. (a) The Issuer will not permit any of its Restricted SubsidiariesSubsidiary, directly or indirectly, to Guarantee assume, guarantee or in any other manner become liable with respect to any Indebtedness of the Issuer or a Subsidiary Guarantor which ranks equally is expressly by its terms pari passu with or subordinate in right of payment to the Notes (or the applicable Subsidiary Guarantee) (“"Guaranteed Indebtedness”), unless:") unless (i) such Restricted Subsidiary simultaneously executes and

Appears in 1 contract

Samples: Indenture (Multicare Companies Inc)

Limitation on Issuances of Guarantees by Restricted Subsidiaries. (a) The Issuer will not permit any of its Restricted SubsidiariesSubsidiary, directly or indirectly, to Guarantee any Indebtedness of the Issuer or a Subsidiary Guarantor which ranks equally with is pari passu in right of payment with, or subordinate in right of payment to to, the Notes (or the applicable Subsidiary Guarantee) (“"Guaranteed Indebtedness"), unless:

Appears in 1 contract

Samples: Caprock Communications Corp

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Limitation on Issuances of Guarantees by Restricted Subsidiaries. (a) The Issuer will not permit any of its Restricted Subsidiaries, directly or indirectly, to Guarantee any Indebtedness of the Issuer or a Subsidiary Guarantor which ranks equally with or subordinate in right of payment to the Notes (or the applicable Subsidiary Guarantee) (“Guaranteed Indebtedness”), unless:

Appears in 1 contract

Samples: Omega Healthcare Investors Inc

Limitation on Issuances of Guarantees by Restricted Subsidiaries. (a) The Issuer will not permit any of its Restricted SubsidiariesSubsidiary, directly or indirectly, to Guarantee any Indebtedness of the Issuer which is pari passu in right of payment with, or a Subsidiary Guarantor which ranks equally with or -91- 100 subordinate in right of payment to to, the Notes Securities of any particular series (or the applicable Subsidiary Guarantee) (“"Guaranteed Indebtedness"), unless:

Appears in 1 contract

Samples: Caprock Communications Corp

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