Subsidiary Guarantor definition
Examples of Subsidiary Guarantor in a sentence
The Subsidiary Guarantors have no material Subsidiaries, unless such Subsidiaries are also a named Subsidiary Guarantor.
Upon request by the Administrative Agent at any time, the Required Lenders will confirm in writing the Administrative Agent’s authority to release or subordinate its interest in particular types or items of property, or to release any Subsidiary Guarantor from its obligations under any Subsidiary Guaranty pursuant to this Section 9.10.
The Borrower will not permit any Subsidiary Guarantor to maintain any deposit, savings, investment or other similar accounts other than Earnings Accounts.
Such Subsidiary Guarantor is duly organized, validly existing and in good standing under the laws of the applicable jurisdiction set of its incorporation or other organization, with the requisite corporate power and authority to own and use its properties and assets and to carry on its business as currently conducted.
Upon request by Administrative Agent at any time, the Required Lenders will confirm in writing Administrative Agent’s authority to release any Collateral or to release any Subsidiary Guarantor from its obligations under the Guarantee and Collateral Agreement pursuant to this Section 9.10.