Common use of Future Guarantees Clause in Contracts

Future Guarantees. Following the date on which the Issuer redeems or causes to be redeemed (the “Existing Notes Redemption”) the outstanding 4.5% Senior Unsecured Notes due 2022 issued by IVS Group S.A. (the “Existing Notes”) in full, provided that such date occurs on or prior to 29 November 2019 (such date, the “Existing Notes Redemption Date”), the Issuer shall procure, within 30 Business Days of the Existing Notes Redemption Date, that each of its wholly-owned Subsidiaries IVS Italia S.p.A. and S. Italia S.p.A. or their successors (each a “Future Guarantor” and together, the Future Guarantors) shall enter into a deed supplemental to the Trust Deed in form and substance similar to the form of supplemental trust deed annexed to the Trust Deed (the “Supplemental Trust Deed”) pursuant to which the Future Guarantors shall, subject to Condition 3.2 (Limitation on Guarantor Liability), unconditionally and irrevocably guarantee the due and punctual payment of the principal and any premium in respect of, and interest on, the Notes and of any other amounts payable by the Issuer under the Trust Deed (the “Future Guarantee”).