Non-Obligors definition
Non-Obligors means, at any time, all Subsidiaries of ATS that are not then either Obligors or Discontinued Entities.
Non-Obligors means all Subsidiaries of the Borrower or ADT Limited that are not Obligors.
Non-Obligors means a member of the Group that is neither an Obligor nor an Excluded Company.
Examples of Non-Obligors in a sentence
The Obligors will not make or permit any change in the manner in which they operate business transactions between the Obligors, on the one hand, and the Non-Obligors, on the other hand, that could reasonably be expected to be adverse to the interests of the Agent or the Secured Parties.
The Guarantor shall ensure that the aggregate EBITDA, Revenues and Total Assets of the Non-Obligors does not exceed twenty per cent.