Future Subsidiary Guarantors definition

Future Subsidiary Guarantors. The Company will cause (1) each Domestic Restricted Subsidiary that Incurs Indebtedness and (2) each Foreign Restricted Subsidiary that Incurs Material Indebtedness to become a Subsidiary Guarantor, and, if applicable, execute and deliver to the Trustee a supplemental indenture in the form set forth in the Indenture pursuant to which such Restricted Subsidiary will guarantee payment of the Notes; provided that the Company shall not cause any Special Purpose Subsidiary to become a Subsidiary Guarantor unless such Special Purpose Subsidiary Incurs Indebtedness other than Indebtedness in respect of the Credit Agreement (or any Refinancing Indebtedness Incurred to Refinance such Indebtedness) or FCC Debt; provided further that in the event that a Subsidiary Guarantor no longer has outstanding, other than the Subsidiary Guarantee, any Indebtedness (in the case of a Domestic Restricted Subsidiary) or Material Indebtedness (in the case of a Foreign Restricted Subsidiary), the Subsidiary Guarantee of that Subsidiary Guarantor shall terminate. Each Subsidiary Guarantee will be limited to an amount not to exceed the maximum amount that can be guaranteed by that Restricted Subsidiary without rendering the Subsidiary Guarantee, as it relates to such Restricted Subsidiary, voidable under applicable law relating to fraudulent conveyance or fraudulent transfer or similar laws affecting the rights of creditors generally.
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Future Subsidiary Guarantors and “Future Subsidiary Guarantor Pledgors” have the meanings ascribed to them in each Secured Party Document.
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Future Subsidiary Guarantors means those Future Sabra Subsidiaries that do not hold properties subject to mortgages as of the Closing Date whose terms prohibit such subsidiaries from entering into guarantees of other indebtedness, including those listed on Exhibit F.
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Examples of Future Subsidiary Guarantors in a sentence

  • SECTION 10.1 Subsidiary Guarantees 52 SECTION 10.2 Limitation on Liability 54 SECTION 10.3 Successors and Assigns 54 SECTION 10.4 No Waiver 54 SECTION 10.5 Modification 54 SECTION 10.6 Release of Subsidiary Guarantor 54 SECTION 10.7 Execution of Guarantee Agreement for Future Subsidiary Guarantors 55 SECTION 10.8 Non-Impairment 55 SECTION 10.9 Contribution 55 ARTICLE 11.

  • Execution of Supplemental Indenture for Future Subsidiary Guarantors 20 Section 9.07.

  • Execution of Supplemental Indenture for Future Subsidiary Guarantors...............................

  • Execution of Supplemental Indenture for Future Subsidiary Guarantors.

  • Execution of Subsidiary Guarantee for Future Subsidiary Guarantors Section 17.08.

  • Execution of Supplemental Indenture for Future Subsidiary Guarantors...

  • Future Subsidiary Guarantors The Indenture provides that each Subsidiary that becomes a Guarantor pursuant to the terms of the Indenture shall promptly execute and deliver to the Trustee a supplemental indenture pursuant to which such Subsidiary shall become a Guarantor for all purposes of the Indenture until such Guarantee is released in accordance with the provisions of the Indenture.

  • Execution of Guarantee Agreement for Future Subsidiary Guarantors 95 SECTION 10.08.

  • Execution of Supplemental Indenture for Future Subsidiary Guarantors .

  • Execution of Guarantee Agreement for Future Subsidiary Guarantors 97 SECTION 10.08.

Related to Future Subsidiary Guarantors

  • U.S. Subsidiary Guarantors means (a) each Domestic Subsidiary (other than an Unrestricted Subsidiary) on the Closing Date and (b) each Domestic Subsidiary that becomes a party to the Guarantee after the Closing Date pursuant to Section 9.11.

  • U.S. Subsidiary Guarantor means (i) each Wholly-Owned Domestic Subsidiary of the U.S. Borrower as of the Amendment No. 4 Effective Date (other than the Excluded Domestic Subsidiary) and (ii) each other Domestic Subsidiary of the U.S. Borrower created, established or acquired after the Amendment No. 4 Effective Date which executes and delivers a U.S. Subsidiaries Guaranty, unless and until such time as the respective Domestic Subsidiary ceases to constitute a Domestic Subsidiary or is released from all of its obligations under its U.S. Subsidiaries Guaranty in accordance with the terms and provisions thereof.

  • Canadian Subsidiary Guarantor each Canadian Subsidiary of any Canadian Borrower which executes and delivers the Canadian Guarantee and Collateral Agreement, in each case, unless and until such time as the respective Canadian Subsidiary Guarantor ceases to constitute a Canadian Subsidiary of the Parent Borrower or is released from all of its obligations under the Canadian Guarantee and Collateral Agreement in accordance with the terms and provisions thereof.

  • Additional Subsidiary Guarantor means each Person that becomes a Subsidiary Guarantor after the Closing Date by execution of an Accession Agreement as provided in Section 6.12.

  • Subsidiary Guarantor means, collectively, the Subsidiaries of the Borrower that are Guarantors.

  • Subsidiary Guarantors means any Subsidiary of the Partnership (except Finance Corp.) who may execute this Indenture, or a supplement hereto, for the purpose of providing a Guarantee of Debt Securities pursuant to this Indenture until a successor Person shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Subsidiary Guarantors” shall mean such successor Person.

  • Guarantors means each of:

  • Subsidiary Guaranties means the Domestic Subsidiary Guaranty and each Foreign Subsidiary Guaranty.

  • Guarantor means the Person named as the “Guarantor” in the first paragraph of this instrument until a successor Person shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Guarantor” shall mean such successor Person.

  • Subsidiary Guaranty Agreement means each unconditional guaranty agreement executed by the Subsidiary Guarantors in favor of the Administrative Agent for the ratable benefit of the Secured Parties, substantially in the form of Exhibit H, as amended, restated, supplemented or otherwise modified from time to time.

  • Wholly Owned Subsidiary Guarantor any Subsidiary Guarantor that is a Wholly Owned Subsidiary of the Borrower.

  • Subsidiary Guarantee Agreement means the Subsidiary Guarantee Agreement, substantially in the form of Exhibit D, made by the Subsidiary Loan Parties in favor of the Administrative Agent for the benefit of the Lenders.

  • Subsidiary Guaranty means that certain Guaranty dated as of the Effective Date in the form of Exhibit F (including any and all supplements thereto) and executed by each Subsidiary Guarantor, as amended, restated, supplemented or otherwise modified from time to time.

  • Parent Guarantors means the Company, Holdings I, Holdings II, Holdings III, Holdings IV and Holdings V.

  • Subsidiary Guarantee means the Guarantee by each Guarantor of the Company's payment obligations under this Indenture and on the Notes, executed pursuant to the provisions of this Indenture.

  • U.S. Guarantors means and include each U.S. Borrower (in its capacity as a guarantor under the U.S. Guaranty) and each U.S. Subsidiary Guarantor.

  • ABL Guarantors means the collective reference to Holdings (so long as it is a guarantor under any of the ABL Guaranties), each of the Company’s Domestic Subsidiaries that is a guarantor under any of the ABL Guaranties and any other Person who becomes a guarantor under any of the ABL Guaranties.

  • Additional Guarantors shall have the meaning assigned to such term in the Preamble hereof.

  • Parent Guarantor has the meaning set forth in the first paragraph of this First Supplemental Indenture.

  • Foreign Guarantors means and includes each Foreign Borrower and each Foreign Subsidiary Guarantor.

  • Canadian Guarantors means the “Guarantors” under and as defined in the Canadian Facility.

  • Guarantor Subsidiaries has the meaning set forth in the Recitals to this Agreement.

  • Subsidiary Guarantees means the guarantees of each Subsidiary Guarantor as provided in Article Thirteen.

  • Non-Guarantor means any Restricted Subsidiary that is not a Guarantor.

  • Call Off Guarantor means the person acceptable to a Contracting Body to give a Call Off Guarantee;

  • Original Guarantors shall have the meaning assigned to such term in the Preamble hereof.