Subsidiary Guarantor Clause Samples
The Subsidiary Guarantor clause establishes that certain subsidiaries of a company agree to guarantee the obligations of the primary borrower under a contract, such as a loan agreement. This means that if the main borrower defaults, the lender can seek repayment from these subsidiary entities, which are typically identified in the agreement or required to join as guarantors upon meeting specific criteria. By including this clause, lenders gain additional security and assurance that the debt will be repaid, thereby reducing their risk in the event the primary borrower is unable to fulfill its obligations.
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Subsidiary Guarantor. Each Person, other than REIT, General Partner and TRS, that is a party to the Guaranty, and each Additional Guarantor.
Subsidiary Guarantor. The Guaranteeing Subsidiary hereby agrees to be a Subsidiary Guarantor under the Indenture and to be bound by the terms of the Indenture applicable to Subsidiary Guarantors, including Article 10 thereof.
Subsidiary Guarantor. The Guarantor to this Agreement will only be bound by its guarantee if it remains a wholly owned subsidiary of the Borrower.
Subsidiary Guarantor. The definition of "Subsidiary Guarantor" set forth in Section 1.01 of the Indenture is hereby amended to read in its entirety as follows:
Subsidiary Guarantor. Collectively, each Subsidiary of Borrower or the Trust which becomes a Guarantor pursuant to §5.5.
Subsidiary Guarantor. Any Guarantor other than Holdings.
Subsidiary Guarantor. Any Guarantor other than MCRC. The Subsidiary Guarantors on the Closing Date are listed on Schedule SG hereto.
Subsidiary Guarantor. Cause each Domestic Wholly Owned Subsidiary (other than a special purpose subsidiary organized to facilitate a Permitted Receivables Securitization or an Inactive Subsidiary) to execute and deliver a counterpart to this Agreement thereby assuming the obligations of a Subsidiary Guarantor under Section 11.16 on the Effective Date, or, if later, within 15 Business Days of such Person becoming such a Domestic Wholly Owned Subsidiary.
Subsidiary Guarantor. Each subsidiary of the Partnership that guarantees the obligations of the Partnership under the Notes and Indenture.
Subsidiary Guarantor. Any Property Owning Subsidiary of the Borrower that provides a guaranty of the Obligations so that Real Estate owned by such Subsidiary shall qualify as Unencumbered Property. The Subsidiary Guarantors on the Closing Date are listed on Schedule SG hereto.