Subsidiary Guarantors definition
Examples of Subsidiary Guarantors in a sentence
The Guaranteeing Subsidiaries hereby become party to the Indenture as Subsidiary Guarantors and as such will have all of the rights and be subject to all of the Obligations and agreements of Subsidiary Guarantors under the Indenture.
The Guaranteeing Subsidiaries hereby agree to be bound by all of the provisions of the Indenture applicable to Subsidiary Guarantors and to perform all of the Obligations and agreements of Subsidiary Guarantors under the Indenture.
In furtherance of the foregoing, the Guaranteeing Subsidiaries shall be deemed Subsidiary Guarantors for purposes of Article 10 of the Indenture, including, without limitation, Section 10.02 thereof.
The Subsidiary Guarantors each hereby consent to the terms of this Amendment, each confirm that its Guarantee under the Guarantee and Security Agreement remains unaltered and in full force and effect and each hereby reaffirm, ratify and confirm the terms and conditions of the Guarantee and Security Agreement.
The Borrower will not, nor will it permit any of the Subsidiary Guarantors to, acquire any business or property from, or capital stock of, or be a party to any acquisition of, any Person, except for purchases or acquisitions of Investments and other assets in the normal course of the day-to-day business activities of the Borrower and its Subsidiaries and not in violation of the terms and conditions of this Agreement or any other Loan Document.