Guaranty Requirement. So long as a Permitted Real Estate Entity is not a guarantor under any Existing Subordinated Notes, any other Subordinated Debt, any senior notes or any other material Indebtedness of a Credit Party, such Permitted Real Estate Entity shall not be required to comply with Section 5.10 of this Credit Agreement and be a Guarantor hereunder.
Appears in 2 contracts
Sources: Credit Agreement (Gencorp Inc), Credit Agreement (Gencorp Inc)