Definition of Italian Guarantors


Italian Guarantors means (a) each Subsidiary of the US Borrower (other than an Unrestricted Subsidiary) on the Closing Date that is incorporated under the laws of Italy and is a party to the Italian Guarantee and (b) each Subsidiary of the US Borrower that is incorporated under the laws of Italy and that becomes a party to the Italian Guarantee after the Closing Date pursuant to Section 9.11.
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Examples of Italian Guarantors in a sentence

Each of the Parent Companies, Holdings, the US Borrower and the UK Borrower will, on or prior to July 25, 2003, in respect of security interests in collateral located in Italy, cause (i) the Italian Guarantee, the Italian Trademark Pledge Agreement and the Mortgage over the Mortgaged Property located in Italy set forth on Schedule 1.1(b) to be executed by the Italian Guarantors and the other Restricted Subsidiaries party thereto and (ii) Section 9.15(a) to be complied with in respect of such collateral.