Upstream Guarantees Sample Clauses
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Upstream Guarantees. Effective as of the Effective Time, the Company shall and shall cause each of its domestic Subsidiaries to guarantee (i) Buyer's 11 1/4% Senior Subordinated Notes due 2007, to the extent required by the indenture dated as of April 1, 1997 among Buyer, Dolco Packaging Corp. and Marine Midland Bank, as Trustee (the "Tekni-Plex Indenture"), and (ii) any indebtedness of Buyer issued to finance the transactions contemplated hereby. The guarantees to be issued pursuant to this Section 1.09 are hereinafter referred to as the "Upstream Guarantees".
Upstream Guarantees. No Obligor may, without the approval of the Super Majority Lenders (acting reasonably), enter into upstream guarantees or indemnities in respect of obligations or liabilities of any other member of the Group (excluding Obligors), except in respect of arrangements with Longhom Offshore Drilling Ltd. concerning any assignment/novation of well slot rights for the use of the “▇▇▇▇ ▇▇▇▇▇▇▇” drill ship.
Upstream Guarantees. (a) The Parent shall procure that no member of the Restricted Group (other than a Guarantor) will give any guarantee or undertake any similar liability in respect of any Borrowings of any Borrower.
(b) The Parent shall not procure or agree that any member of the Group (other than a Guarantor) will give any guarantee or undertake any similar liability in respect of any Borrowings of any Borrower. Back to Index
Upstream Guarantees. No Obligor shall (and the Company shall procure (in accordance with article 1120 of the French Code civil (promesse de porte-fort)) that none of its Subsidiaries will) issue or have outstanding any Guarantee with respect to any indebtedness or other obligations of the Flowserve Group except for certain specified immaterial, ordinary course transactions not relating to Banking Facilities, and except for the Guarantees granted under the Existing Credit Agreement and the Bank of America Credit Agreement.
Upstream Guarantees. (a) The Company shall procure that no member of the Restricted Group (other than a Guarantor) will give any guarantee or undertake any similar liability in respect of any Financial Indebtedness of any Borrower.
(b) The Company shall not procure or agree that any member of the Group (other than a Guarantor) will give any guarantee or undertake any similar liability in respect of any Financial Indebtedness of any Borrower.
Upstream Guarantees. No Obligor may, without the approval of the Majority Lenders (acting reasonably), enter into upstream guarantees or indemnities in respect of obligations or liabilities of any other member of the Group (excluding Obligors).
Upstream Guarantees. The Parent shall procure that no member of the Group (other than a Guarantor) will give any guarantee or undertake any similar liability in respect of any Borrowings of any Borrower.