Non-Guarantors definition

Non-Guarantors means any Subsidiary or Unconsolidated Affiliate of the Borrower that is not required to become a party to the Guaranty.

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Non-Guarantors means the Foreign Subsidiaries and the Excluded Subsidiaries, except such Subsidiaries (if any) that are Guarantors.

Non-Guarantors means (i) the Foreign Subsidiaries and (ii) Advanced Sleep Products, a California corporation, Sealy Components--Pads, Inc., a Delaware corporation, Sealy Mattress Company of San Diego, a California corporation, Sealy Connecticut, Inc., a Connecticut corporation, and Sealy Mattress Company of S.W. Virginia, a Virginia corporation.

Examples of Non-Guarantors in a sentence

• Neither the Parent nor the Borrower shall permit the Unencumbered Asset Value attributable to Eligible Properties owned by Non-Guarantors to exceed 10.0% of the Unencumbered Asset Value.

• The Agent has been furnished on or prior to the Effective Date a detailed organizational chart of ADT Limited and all its Subsidiaries (other than Non-Guarantors identified in Item 3.15 ("Existing Subsidiaries") of the Disclosure Schedule that do not conduct any business activities and that do not have assets with a Fair Market Value in excess of $10,000), certified by the chief financial Authorized Officer of ADT Limited.

• Of the 43 participants at the time of implementation, 12 participants elected to not guarantee their assignments (the "Non-Guarantors") and any potential returns will be treated as ordinary income in accordance with the ruling.

• Borrower, the Guarantors and the Non-Guarantors consent to, and agree not to object to or otherwise impede or impair, the participation of Administrative Agent in any eminent domain proceedings, and such Loan Party shall from time to time deliver to Administrative Agent all documents and instruments requested by it to permit such participation.

• Notwithstanding the foregoing, nothing in this Section 6.19 shall prohibit (i) distributions or dividends by the Guarantors or Non-Guarantors to Borrower or (ii) distributions or dividends by Borrower to Sponsor pursuant to Section 2.2 of the Sponsor Guaranty.

More Definitions of Non-Guarantors

Non-Guarantors means all Subsidiaries of ADT Limited other than the Borrower and the Subsidiary Guarantors.

Non-Guarantors means the Subsidiaries of the Borrower which are not Guarantors. The Borrower may designate a Guarantor as a Non-Guarantor (in which case such Subsidiary shall be released from its obligations in respect of the Subsidiary Guaranty by the Administrative Agent) and a Non-Guarantor as a Guarantor (in which case such Subsidiary shall execute a Subsidiary Guaranty and deliver such certificates and documents related thereto as shall be required by the Administrative Agent) by written notice to the Administrative Agent; provided, however, at the time of such designation and after giving effect thereto, no Default or Event of Default shall have occurred and be continuing; provided, however, notwithstanding the above, the following Subsidiaries shall at no time be Non-Guarantors: Club Corporation of America, a Delaware corporation, Club Resorts Holding, Inc., a Nevada corporation, and The International Group of Club Corp., a Nevada corporation.

Non-Guarantors means Subsidiaries which are not Guarantors.

Non-Guarantors means the Subsidiaries of Parent or CA Canada which are not Guarantors.

Non-Guarantors means the Subsidiaries of the Borrower which are not Guarantors. The Borrower may designate a Non-Guarantor as a Guarantor (in which case such Subsidiary shall execute a Subsidiary Guaranty and deliver such certificates and documents related thereto as shall be required by the Administrative Agent) by written notice to the Administrative Agent.

Non-Guarantors means any subsidiaries of the Parent other than the Existing US Subsidiaries.

Non-Guarantors means any Subsidiary or Affiliate of Borrower, excepting only the Guarantors.