Subsidiary Guarantors definition
Examples of Subsidiary Guarantors in a sentence
No consent, approval or authorization of, or registration, filing or declaration with, any Governmental Authority is required in connection with the execution, delivery or performance by the Company and the Subsidiary Guarantors of this Amendment.
The terms and provisions of this Amendment shall be binding upon the Company, the Subsidiary Guarantors and the Noteholders and their respective successors and assigns, and shall inure to the benefit of the Company, the Subsidiary Guarantors and the Noteholders and the successors and assigns of the Noteholders.
From time to time subsequent to the date hereof, additional Persons that are Subsidiaries or other Affiliates of any Credit Party may become parties hereto, as additional Subsidiary Guarantors (each an “Additional Subsidiary Guarantor”), by executing a Joinder to Multiparty Guaranty.
Each of the Company and the Subsidiary Guarantors has the corporate or limited liability company power, as applicable, and authority to own or hold under lease the properties it purports to own or hold under lease, to transact the business it transacts and proposes to transact, to execute and deliver this Amendment and to perform the provisions hereof and thereof.
Nothing contained herein to the contrary shall release, discharge, modify, change or affect the original liability of the Subsidiary Guarantors under the Subsidiary Guaranty.