Material Subsidiary Guaranty definition

Material Subsidiary Guaranty means the Guaranty in the form of Exhibit C hereto, duly completed and executed by each Material Subsidiary now existing or hereafter formed or acquired, except for any Subsidiary that is a Controlled Foreign Corporation.
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Material Subsidiary Guaranty shall include each and every Material Subsidiary Guaranty executed and delivered by a Material Subsidiary.
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Material Subsidiary Guaranty means a guaranty substantially in the form of Exhibit C made by any Material Subsidiary of the Parent party thereto from time to time in favor of the Administrative Agent for the benefit of the Lender Parties, as amended, supplemented or otherwise modified from time to time.
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Examples of Material Subsidiary Guaranty in a sentence

  • At any time the Borrower determines that a Subsidiary which has executed the Material Subsidiary Guaranty is not required to be a party to the Material Subsidiary Guaranty under the definition of “Material Subsidiary,” including upon the addition of another Subsidiary as a Material Subsidiary, the Borrower shall provide the Agent with written notice thereof setting forth information in reasonable detail describing why such Subsidiary is no longer required to be a party to the Material Subsidiary Guaranty.

  • Upon the Agent’s reasonable determination that such Subsidiary is no longer required to be a party to the Material Subsidiary Guaranty, the Agent shall, at the Borrower’s expense, release such Subsidiary from the Material Subsidiary Guaranty pursuant to such documentation as the Borrower shall reasonably request.

  • It is a condition precedent to the entry into effect of the amendments to the Credit Agreement contemplated by the First Amendment (the “Amendments”) that each of the undersigned execute this Confirmation in favour of the Lenders to confirm the continuing obligations of each of the undersigned to the Lenders under the existing Material Subsidiary Guaranty (the “Existing Guarantee”).

  • Borrower will cause each of its Material Subsidiaries (and such other domestic Subsidiaries as may be necessary in order to comply with Section 7.14 hereof) promptly to execute and deliver an instrument of joinder to the Material Subsidiary Guaranty, together with such other documents and agreements including, without limitation, legal opinions and resolutions as the Administrative Agent or the Requisite Banks may reasonably request.

  • Borrower will not permit its domestic Subsidiaries that are not party to the Material Subsidiary Guaranty to have Consolidated Total Assets in the aggregate which account for 20% or more of the Consolidated Total Assets of Borrower and its domestic Subsidiaries, as determined based upon the most recent financial statements delivered pursuant to Section 6.1.

  • The Parent shall and shall cause each U.S. Material Subsidiary to execute a U.S. Material Subsidiary Guaranty within 30 days after such Subsidiary becomes a U.S. Material Subsidiary.

  • Exhibit Contents A-1 Revolving Note A-2 Swing Line Note B Assumption and Release Agreement C Compliance Certificate D Material Subsidiary Guaranty E New Material Subsidiary Guaranty F Parent Agreement Release G Acknowledgement and Confirmation of Parent Negative Pledge and Parent Subordination Agreement.

  • The Material Subsidiary Guaranty, duly executed by each Material Subsidiary.

  • Late AssignmentsAll assignments are due in Blackboard (do not email assignments) at 11:59 pm Central Time on the due date.

  • Borrower will cause each of its Material Subsidiaries promptly to execute and deliver an instrument of joinder to the Material Subsidiary Guaranty, together with such other documents and agreements including, without limitation, legal opinions and resolutions as the Agent or the Requisite Banks may reasonably request.


More Definitions of Material Subsidiary Guaranty

Material Subsidiary Guaranty means, collectively, any Guaranty executed by any Person that becomes a Material Subsidiary and executes a Material Subsidiary Guaranty pursuant to Section 5.9 hereof, each in favor of the Global Administrative Agent and in form and substance acceptable to the Global Administrative Agent, as amended, supplemented, restated or otherwise modified from time to time in accordance with the terms of this Agreement and the other Loan Documents. The term “Material Subsidiary Guaranty” shall include each and every Material Subsidiary Guaranty executed and delivered by a Material Subsidiary.
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Material Subsidiary Guaranty means the Material Subsidiary Guaranty substantially in the form of Exhibit E, as amended, supplemented, restated or otherwise modified from time to time.
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Material Subsidiary Guaranty shall have the meaning assigned thereto in the Note Agreement.
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Material Subsidiary Guaranty means that certain payment and performance guaranty executed and delivered by Material Subsidiary to Lender in connection with the Loan.
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Material Subsidiary Guaranty means the Material Subsidiary
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Related to Material Subsidiary Guaranty

  • Subsidiary Guaranty means the Subsidiary Guaranty made by the Subsidiary Guarantors in favor of the Administrative Agent and the Lenders, substantially in the form of Exhibit G.

  • 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.

  • 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.

  • U.S. Subsidiary Guarantor means each U.S. Subsidiary which has executed and delivered to the U.S. Administrative Agent the U.S. Subsidiary Guaranty (or a supplement thereto).

  • 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.

  • Subsidiary Guarantee Agreement means the Subsidiary Guarantee Agreement, substantially in the form of Exhibit I, made by the Subsidiary Guarantors in favor of the Collateral Agent for the benefit of the Secured Parties.

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

  • Material Subsidiary means any Subsidiary that is not an Immaterial Subsidiary.

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

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

  • Subsidiary Guarantee means the guarantee of the Notes by each Subsidiary Guarantor under this Indenture.

  • Non-Material Subsidiary means any Subsidiary that

  • Immaterial Subsidiary means any Subsidiary that is not a Material Subsidiary.

  • Guarantor means: .............................................................................................................................................

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

  • Guaranty Agreement means an agreement executed by the Guarantors in substantially the form of Exhibit F-2 unconditionally guarantying on a joint and several basis, payment of the Indebtedness, as the same may be amended, modified or supplemented from time to time.

  • Parent Guaranty means the guaranty of the Parent pursuant to Section 15.

  • Guarantor Subsidiary means each Guarantor other than Holdings.

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

  • Holdings Guaranty means the Holdings Guaranty made by Holdings in favor of the Administrative Agent on behalf of the Secured Parties, substantially in the form of Exhibit F-1.

  • Subsidiary Guarantors means each direct or indirect Domestic Subsidiary that is a Restricted Subsidiary in existence on the Closing Date or that becomes a party to the Subsidiary Guaranty Agreement pursuant to Section 8.11.

  • Material Subsidiaries Subsidiaries of the Borrower constituting, individually or in the aggregate (as if such Subsidiaries constituted a single Subsidiary), a “significant subsidiary” in accordance with Rule 1-02 under Regulation S-X.

  • Significant Guarantor means any guaranty agency that guarantees trust student loans comprising at least 10% of the Pool Balance of the trust student loans by outstanding principal balance as of the statistical disclosure date.

  • Parent Guarantee means the guarantee by Parent Guarantor of the obligations of the Issuer under this Indenture and the Securities in accordance with the provisions of this Indenture.

  • Immaterial Subsidiaries means those Subsidiaries of the Borrower that are “designated” as Immaterial Subsidiaries by the Borrower from time to time (it being understood that the Borrower may at any time change any such designation); provided that such designated Immaterial Subsidiaries shall collectively meet all of the following criteria as of the date of the most recent balance sheet required to be delivered pursuant to Section 5.01: (a) the aggregate assets of such Subsidiaries and their Subsidiaries (on a consolidated basis) as of such date do not exceed an amount equal to 3% of the consolidated assets of the Borrower and its Subsidiaries as of such date; and (b) the aggregate revenues of such Subsidiaries and their Subsidiaries (on a consolidated basis) for the fiscal quarter ending on such date do not exceed an amount equal to 3% of the consolidated revenues of the Borrower and its Subsidiaries for such period.

  • Subsidiaries Guaranty shall have the meaning provided in Section 6.10.