Guaranteeing Parties definition
Examples of Guaranteeing Parties in a sentence
All notices and other communications to the Guaranteeing Parties shall be given as provided in the Indenture.
Each of the Guaranteeing Parties hereby becomes a party to the Indenture as a “Guarantor” and as such will have all of the rights and be subject to all of the obligations and agreements of a “Guarantor” under the Indenture.
The provisions of this subsection as they apply to each of the Guaranteeing Parties shall survive the payment in full of the Obligations of its Guaranteed Party or Parties.
The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Guaranteeing Parties and the Company.
Each of the Guaranteeing Parties agrees, on a joint and several basis with each other Guaranteeing Party, to fully, unconditionally and irrevocably Guarantee to each Holder of the Securities and the Trustee the Guaranteed Obligations pursuant to Article 10 of the Indenture as and to the extent provided for therein.
Subject to compliance with this Article 11, the Issuer and Guaranteeing Parties may exercise their option under this Section 11.02 notwithstanding the prior exercise of the option under Section 11.03.
The Obligations of the Guaranteeing Parties under its ------------- Guarantee pursuant to this Supplemental Indenture shall be junior and subordinated to the Senior Indebtedness of the Guaranteeing Parties on the same basis as the Notes are junior and subordinated to the Senior Indebtedness of the Company.
The Trustee shall not be responsible in any manner ----------- whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Guaranteeing Parties and the Company.
The books and records of Agent showing the account between Agent and Borrowers shall be admissible in evidence in any action or proceeding against or involving Guaranteeing Parties as prima facie proof of the items therein set forth.
The Issuer, the Guaranteeing Parties, the Trustee, the Registrar and anyone else shall have the protection of TIA section 312(c).