U.S. Subsidiary Guarantors definition
Examples of U.S. Subsidiary Guarantors in a sentence
All Guaranteed Obligations (as defined in the U.S. Subsidiaries Guaranty) of the U.S. Subsidiary Guarantors and all Obligations of the U.S. Borrower under the Credit Documents to which it is a party, are within the definitions of “Guarantor Senior Debt” and “Designated Guarantor Senior Debt” or “Senior Debt” and “Designated Senior Debt,” as applicable, included in such subordination provisions.
Schedule 5.13 sets forth, as of the Third Restatement Date, which Subsidiaries are Loan Parties (including whether they are U.S. Borrowers, Foreign Borrowers, U.S. Subsidiary Guarantors or Foreign Subsidiary Guarantors).
The subordination provisions contained in the Existing Senior Notes Indentures are enforceable against (i) the U.S. Subsidiary Guarantors party thereto, and (ii) the holders of the Existing Senior Notes.
Within ninety (90) days after the Closing Date, the Borrowers shall deliver to the Administrative Agent Control Agreements (as defined in the U.S. Collateral Agreement) in respect of each Deposit Account and Securities Account (other than any Excluded Account (as defined in the U.S. Collateral Agreement)) of the U.S. Borrower and U.S. Subsidiary Guarantors listed on Schedule IX of the Perfection Certificate.
Each of the U.S. Subsidiary Guarantors is, and following the Restructuring, the U.S. Borrower shall be, a citizen of the United States, within the meaning of 46 U.S.C. §50501, eligible to own and operate vessels in the coastwise trade of the United States.