Common use of Third party guarantees Clause in Contracts

Third party guarantees. (a) Except as provided in paragraph (b) below, no member of the Restricted Group may incur or allow to be outstanding any guarantee by such member of the Restricted Group in respect of any person. (b) Paragraph (a) does not apply to any guarantee arising under the Transaction Documents or any guarantee constituting Permitted Financial Indebtedness.

Third party guarantees. (a) Except as provided in paragraph (b) below, no member of the Restricted Group may incur or allow to be outstanding any guarantee by such member of the Restricted Group or any of its Subsidiaries in respect of any person. (b) Paragraph (a) does not apply to third party guarantees by any guarantee arising under member of the Transaction Documents or any guarantee constituting Permitted Financial IndebtednessTarget Group in respect of performance bonds, retention bonds, advanced payment bonds and bid bonds issued in respect of activities carried out in the ordinary course of its trade.

Third party guarantees. (a) Except as provided in paragraph (b) below, no Borrower shall not, and must ensure that no member of the Restricted Group may shall, incur or allow to be outstanding any guarantee by such member of the Restricted Group in respect of any person. (b) Paragraph (a) does not apply to any guarantee arising under the Transaction Documents or any guarantee constituting Permitted Financial IndebtednessDocuments.

Third party guarantees. (a) Except as provided in paragraph (b) below, no member of the Restricted Group may incur or allow to be outstanding any guarantee by such member of the Restricted Group or any of its Subsidiaries in respect of the indebtedness of any personperson which is not a member of the Group. (b) Paragraph (a) above does not apply to any guarantee arising under the Transaction Documents or any guarantee constituting to: (i) a Permitted Financial IndebtednessGuarantee; (ii) a Permitted Loan; or (iii) a Permitted Transaction.