Guarantee Requirement definition
Guarantee Requirement means, at any time, the requirement that:
Guarantee Requirement means, at any time, the requirement that the Subsidiary Guarantee Agreement (or a supplement referred to therein) shall have been executed by (i) Molson Coors International General, ULC, Molson Coors Callco ULC and Molson Canada 2005, in each case so long as such entity remains a Subsidiary, (ii) each Subsidiary that Guarantees or is otherwise liable for any of (x) the Senior Notes, (y) the “Obligations” under and as defined in the Term Loan Agreement or (z) any “Obligations” (or similar term) under and as defined in any Specified Refinancing Indebtedness, (iii) each Canadian Subsidiary existing at such time that is a Significant Subsidiary (as Guarantor of the Canadian Obligations, other than its own Canadian Obligations as a Canadian Borrowing Subsidiary) and (iv) each UK Subsidiary existing at such time that is a Significant Subsidiary (as Guarantor of the UK Obligations, other than its own UK Obligations as a UK Borrowing Subsidiary), and in each case shall have been delivered to the Administrative Agent and shall be in full force and effect; provided, however, that, with respect to clauses (iii) or (iv) above, if any Person that becomes a Significant Subsidiary after the date hereof, the Guarantee Requirement shall be satisfied if such Person executes a supplement to the Subsidiary Guarantee Agreement within 15 days after it becomes a Significant Subsidiary (or such later date as agreed by the Administrative Agent); provided, further that any Subsidiary required to Guarantee the Obligations pursuant to clause (i), (ii), (iii) or (iv) above may be released from the Guarantee Requirement pursuant to Section 5.09(c) and any Subsidiary that elects to Guarantee the Obligations pursuant to Section 5.09(b) may be released from the Obligations pursuant to Section 5.09(c). Notwithstanding the provisions of clause (iv) of the foregoing sentence, Molson Coors European Holdco Limited shall not be required to execute a Subsidiary Guarantee Agreement.
Guarantee Requirement means, at any time, that (a) the Subsidiary Guarantee Agreement (or a supplement referred to in Section 15 thereof) shall have been executed by each Material Subsidiary (other than any Foreign Subsidiary) existing at such time, shall have been delivered to the Administrative Agent and shall be in full force and effect and (b) the Indemnity, Subrogation and Contribution Agreement (or a supplement referred to in Section 12 thereof) shall have been executed by the Company and each Subsidiary Guarantor, shall have been delivered to the Administrative Agent and shall be in full force and effect.
Examples of Guarantee Requirement in a sentence
The Company will cause the Guarantee Requirement to be satisfied at all times.
More Definitions of Guarantee Requirement
Guarantee Requirement means, at any time that Newmont USA guarantees any Material Indebtedness of the Borrower, that the Guarantee Agreement shall have been executed by Newmont USA.
Guarantee Requirement means the requirement that, if any Subsidiary of the Company shall be or become actually or contingently liable under any Guarantee for any Material Indebtedness of the Company, the Administrative Agent shall have received a Guarantee Agreement or a supplement thereto, as applicable, duly executed and delivered on behalf of such Subsidiary, together with documents and opinions of the type referred to in Sections 4.01(b) and 4.01(c) with respect to such Subsidiary.
Guarantee Requirement means at any time that (a) each Required Subsidiary Guarantor shall have executed and delivered to the Administrative Agent a counterpart of the Guarantee Agreement (or a supplement thereto) and (b) the Administrative Agent shall have received documents and opinions equivalent to those delivered under Section 4.02(a) and (b) with respect to such Required Subsidiary Guarantor.
Guarantee Requirement means, at any time, that the Guarantee Agreement (or a supplement referred to in Section 22 thereof) shall have been executed by each Material Subsidiary (other than a Foreign Subsidiary) existing at such time, shall have been delivered to the Administrative Agent and shall be in full force and effect.
Guarantee Requirement means the requirement that the Administrative Agent shall have received from the Borrower and each Designated Subsidiary either (a) a counterpart to this Agreement and the Guarantee Agreement, duly executed and delivered on behalf of such Person, or (b) in the case of any Person that becomes a Designated Subsidiary after the Effective Date, a supplement to this Agreement and the Guarantee Agreement, in the form specified in the Guarantee Agreement or otherwise reasonably acceptable to the Administrative Agent, duly executed and delivered on behalf of such Designated Subsidiary.
Guarantee Requirement means, at any time, that the Guarantee Agreement (or a supplement referred to in Section 16 thereof) shall have been executed by each Subsidiary (other than any Excluded Subsidiary) existing at such time, shall have been delivered to the holders of the Notes and shall be in full force and effect; provided, however, that (a) in the case of a Subsidiary that becomes subject to the Guarantee Requirement after the date of Closing, the Guarantee Requirement shall be satisfied with respect to such Subsidiary if a supplement to the Guarantee Agreement is executed by such Subsidiary, delivered to the holders of the Notes and in full force and effect no later than (i) 30 days after the date on which such Subsidiary becomes subject to the Guarantee Requirement (or such later date as is permitted in the Primary Credit Agreement except that such later date shall in no event be more than 60 days after the date on which such Subsidiary becomes subject to the Guarantee Requirement) or (ii) such other date as the Required Holders may reasonably determine, but in any case no later than 60 days after the date on which such Subsidiary becomes subject to the Guarantee Requirement and (b) a Guarantor shall automatically be released from its obligations under the Guarantee Agreement (including any supplement referred to in Section 16 thereof) and no longer be subject to the Guarantee Requirement in the event that the Company complies with the requirements of Section 22.9 and delivers a written notice to the holders of the Notes certifying that such Guarantor is an Excluded Subsidiary.
Guarantee Requirement means, at any time on or after the Effective Date, the requirement that: