Note Guarantor definition

Note Guarantor means any Restricted Subsidiary that Incurs a Note Guarantee and its successors; provided that upon the release or discharge of such Person from its Note Guarantee with respect to the Notes in accordance with this Indenture, such Person ceases to be a Note Guarantor with respect to the Notes.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Note Guarantor means any Person that has issued a Note Guarantee.

Note Guarantor means each Subsidiary of the Company that becomes a guarantor of the Notes pursuant to the terms of this Indenture.

Examples of Note Guarantor in a sentence

• Intermediate Holdings and each Note Guarantor acknowledges that it will receive direct and indirect benefits from the financing arrangements contemplated by this Indenture and that the guarantee and waivers made by it pursuant to its Intermediate Holdings Guarantee or Note Guarantee, as the case may be, are knowingly made in contemplation of such benefits.

• Intermediate Holdings and each Note Guarantor hereby waives diligence, presentment, demand of payment, filing of claims with a court in the event of insolvency or bankruptcy of the Issuers, any right to require a proceeding first against the Issuers, protest, notice and all demands whatsoever and covenants that this Intermediate Holdings Guarantee or Note Guarantee, as the case may be, shall not be discharged except by complete performance of the obligations contained in the Notes and this Indenture.

• Intermediate Holdings and each Note Guarantor agrees that this is a guarantee of payment and not a guarantee of collection.

• If at any time it is necessary or advisable for the Collateral to be possessed, owned, operated or managed by any person other than the Issuer, the Co-Issuer, Holdings, Intermediate Holdings or any Note Guarantor, a majority in interest of the Holders shall direct the Trustee or the Collateral Agent to appoint an appropriately qualified person who they shall designate to possess, own, operate or manage, as the case may be, the Collateral.

• Failing payment when due of any amount so guaranteed or any performance so guaranteed for whatever reason, Intermediate Holdings and each Note Guarantor, together with Holdings as described in Article 11, shall be jointly and severally, obligated to pay the same immediately.

More Definitions of Note Guarantor

Note Guarantor means any Subsidiary that has issued a Note Guarantee.

Note Guarantor means the Parent and each Subsidiary Guarantor.

Note Guarantor means each Subsidiary of the Company that is or becomes a guarantor of the Notes pursuant to the terms of this Indenture.

Note Guarantor means any Subsidiary of the Company that Guarantees the Notes, until such Guarantee is released in accordance with the terms of the Indenture.

Note Guarantor has the meaning ascribed to it in the introductory paragraph of this Indenture.

Note Guarantor means each Subsidiary Guarantor.

Note Guarantor means Parent and each Subsidiary of Parent that becomes a guarantor of the Securities on the Issue Date, and each other Subsidiary of Parent that thereafter Guarantees the Securities pursuant to the terms of this Indenture.