Examples of Secured Guarantors in a sentence
The Issuer’s obligations under the Notes are unconditionally guaranteed on a senior secured basis, to the extent set forth in the Indenture and the Security Documents, by each of the Secured Guarantors and on a senior unsecured basis by each of the Unsecured Guarantors to the extent set forth in the Indenture.
Pursuant to Section 11.05 of the Indenture, certain Restricted Subsidiaries of Holdings III that were not in existence or not Secured Guarantors on the date of the Indenture are required to enter in this Agreement as Grantors upon becoming Secured Guarantors.
Security will be for all liabilities of the relevant members of the NCL Group (including the Secured Guarantors) under the Notes and the Indenture, in accordance with, and subject to, the requirements of the Agreed Security Principles in each relevant jurisdiction.
Borrower and Secured Guarantors have centralized accounting, common officers and directors and are in certain circumstances, identified to creditors as a single economic and business enterprise.
Borrower and Secured Guarantors make up a related organization of various entities constituting a single economic and business enterprise so that Borrower and Secured Guarantors share a substantial identity of interests such that any benefit received by any one of them benefits the others.