Common use of Guaranties of Subsidiaries Clause in Contracts

Guaranties of Subsidiaries. All of the Obligations shall be guaranteed by CAI pursuant to the terms of the Guaranty contained in §17. In addition, the Obligations of the Borrower shall be further guaranteed (A) to the extent provided in §8.15 by each Foreign Subsidiary of the Borrower (other than a Securitization Entity) in accordance with the terms of the Foreign Guaranties to which each such Person is a party and (B) to the extent provided in §8.14 by each Domestic Subsidiary of the Borrower (other than a Securitization Entity). Notwithstanding anything to the contrary in this §6.2, a Securitization Entity shall not be subject to the guaranty requirements of this §6.2.

Appears in 2 contracts

Sources: Term Loan Agreement (CAI International, Inc.), Term Loan Agreement (CAI International, Inc.)