Restricted Parties definition
Examples of Restricted Parties in a sentence
The Restricted Parties will pay or discharge, and will cause each of their respective Subsidiaries to pay or discharge, prior to delinquency, all material taxes, lawful assessments, and governmental levies except such as are contested in good faith and by appropriate proceedings or where the failure to effect such payment is not adverse in any material respect to the Holders of the Notes.
No past, present or future director, officer, employee, incorporator, member, partner or stockholder of the Restricted Parties or any of their direct or indirect parent companies (other than the Restricted Parties), as such, will have any liability for any obligations of the Restricted Parties under the Notes, this Indenture, the Guarantees or the Security Documents or for any claim based on, in respect of, or by reason of, such obligations or their creation.
No past, present or future director, officer, employee, incorporator, member, partner or stockholder of the Restricted Parties or any of their direct or indirect parent companies (other than the Restricted Parties), as such, will have any liability for any obligations of the Restricted Parties under the Notes, the Indenture, the Guarantees or the Security Documents or for any claim based on, in respect of, or by reason of, such obligations or their creation.