Parent Guarantor definition
Examples of Parent Guarantor in a sentence
The Parent Guarantor and by its acceptance hereof, the Trustee, for itself and on behalf of each Holder, confirms that it is the intention of all such parties that the Parent Guarantee by the Parent Guarantor not constitute a fraudulent transfer or conveyance for purposes of any Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar federal or state law or the provisions of its local law relating to fraudulent transfer or conveyance.
The Parent Guarantor hereby agrees that the Parent Guarantee provided hereunder shall continue to be effective or be reinstated, as the case may be, if at any time, payment, or any part thereof, of any obligations or interest thereon is rescinded or must otherwise be restored by a Holder to the Company upon the bankruptcy or insolvency of the Company or any other Note Guarantor.
On the Settlement Date, the Parent Guarantor will guarantee the payment obligations of the Company under the Securities and the Indenture on the terms set forth in Article Fourteen of the conformed form of the Indenture attached as Exhibit A hereto.
The Parent Guarantor shall provide, or cause the Trustee to provide, prompt notice to the Holders of the posting of any information pursuant to this Section 4.3(a).
The Parent Guarantor acknowledges that this Parent Guarantee is a guarantee of payment and not of collection.