Examples of Subsidiary Guarantee in a sentence
It is further acknowledged and agreed that after giving effect to the Tenant Subsidiary Guarantee Assignment, the ETMC Credit Facility shall no longer receive the benefit of guarantees from the Tenant Subsidiaries.
The Borrower will cause each Subsidiary (other than an Excluded Subsidiary) which guarantees any Debt of the Borrower or any Debt of any Subsidiary Guarantor in a principal amount in excess of $30,000,000 to concurrently execute and deliver to the Administrative Agent a Subsidiary Guarantee.
It is further acknowledged and agreed that after giving effect to the Tenant Subsidiary Guarantee Assignment, the Non-Ventas Purchase Option Term Loans shall no longer receive the benefit of guarantees from the Tenant Subsidiaries.
The Borrower will, following a written request by the Borrower to the Administrative Agent stating the Borrower's intention to voluntarily add a Subsidiary Guarantor hereunder, cause each such Subsidiary to concurrently execute and deliver to the Administrative Agent a Subsidiary Guarantee.