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.

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

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 Plan provided for the creation of the Trust which was formed on December 31, 2012, pursuant to the execution of the Litigation Trust Agreement dated December 31, 2012 (the “Litigation TrustAgreement”), by and among the Tribune Company (for itself and on behalf of the other Debtors, as Debtors and Debtors in Possession, and the Guarantors Non-Debtors and Non-Guarantors Non Debtors) and Marc S.

• The following condensed consolidating balance sheets, statements of operations and cash flows are provided for the Issuers, the Wholly-owned Guarantors and the Non-Guarantors.

• Additionally, other intercompany activities include product purchases between Guarantors and Non-Guarantors, charges for services provided by the parent and various subsidiaries to other affiliates within the consolidated entity and other intercompany activities in the normal course of business.

• The governmentality is a part of the « territorial governance » system.The governmentality is similar to the impolitique (Esposito, 2006).

More Definitions of Non-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.

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

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

Non-Guarantors means Mammoth Lakes, ORNI, OrHeber 2, OrHeber 3 and SIGC; provided that (a) as of and after any Mammoth Ownership Event, the term "Non-Guarantors" shall not include Mammoth Lakes and (b) as of and after any Lease Buyout, the term "Non-Guarantors" shall not include SIGC, ORNI, OrHeber 2 and OrHeber 3.

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.