Examples of Foreign Subsidiary Guarantors in a sentence
Schedule 5.13 sets forth, as of the Third Restatement Date, which Subsidiaries are Loan Parties (including whether they are U.S. Borrowers, Foreign Borrowers, U.S. Subsidiary Guarantors or Foreign Subsidiary Guarantors).
Each of the undersigned Foreign Subsidiary Guarantors hereby acknowledges (x) the Credit Agreement and each other Credit Documents and the transactions contemplated thereby and (y) copies (or originals) of the Credit Documents and all opinions, instruments, certificates and all other documents delivered in connection therewith, as in effect on the Amendment Date, have been furnished or otherwise been provided (or made available) to a senior financial officer of such Foreign Subsidiary Guarantor.
The Foreign Subsidiary Guarantors will derive substantial benefits from the extensions of credit to the Foreign Borrowers and each of the Foreign Borrowers will derive substantial benefits from the extensions of credit to the other Foreign Borrower, in each case pursuant to the Credit Agreement.
The Petition Date shall have occurred, and the Borrower and each Guarantor (other than the Foreign Subsidiary Guarantors) shall be a debtor and debtor-in-possession in the Cases.
The Order shall be effective to create in favor of the Collateral Agent a legal, valid, perfected and enforceable security interest and Lien upon the Collateral of the Loan Parties (other than the Foreign Subsidiary Guarantors), with the priority set forth in the Order and the terms thereof.