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".
Appears in 2 contracts
Sources: Merger Agreement (Plastic Specialties & Technologies Inc), Merger Agreement (Puretec Corp)