Common use of The Parent Guarantee Clause in Contracts

The Parent Guarantee. Subject to the provisions of this Article 2, the Parent Guarantor hereby agrees, as of the Merger Effective Time, to fully and unconditionally guarantee the full and punctual payment (whether at maturity, upon acceleration, upon redemption or otherwise) of the principal of (and premium, if any) and interest on, and all other amounts payable under, each series of the Notes, and the full and punctual payment of all other amounts payable by the Company to the Holders of each series of the Notes and to the Trustee under the Indenture (the “Parent Guarantee”). Upon the failure by the Company to pay punctually any such amount, the Parent Guarantor shall forthwith on demand pay the amount not so paid at the place and in the manner specified in the Indenture.

Appears in 2 contracts

Sources: Second Supplemental Indenture (McMoran Exploration Co /De/), Second Supplemental Indenture (Freeport McMoran Copper & Gold Inc)

The Parent Guarantee. Subject to the provisions of this Article 2Three, the Parent Guarantor hereby agrees, as of the Merger Effective Time, to fully and unconditionally guarantee the full and punctual payment (whether at maturity, upon acceleration, upon redemption or otherwise) of the principal of (and premium, if any) and interest on, and all other amounts payable under, each series of the Outstanding Notes, and the full and punctual payment of all other amounts payable by the Company to the Holders of each series of the Outstanding Notes and to the Trustee under the Indenture (the “Parent Guarantee”). Upon the failure by the Company to fully and punctually pay punctually any such amount, the Parent Guarantor shall forthwith on demand pay the amount not so paid at the place and in the manner specified in the Indenture.

Appears in 2 contracts

Sources: Eighteenth Supplemental Indenture (Freeport McMoran Copper & Gold Inc), Eighteenth Supplemental Indenture (Plains Exploration & Production Co)

The Parent Guarantee. Subject to the provisions of this Article 2, the Parent Guarantor hereby agrees, as of the Merger Effective Time, to fully and unconditionally guarantee the full and punctual payment (whether at maturity, upon acceleration, upon redemption or otherwise) of the principal of (and premium, if any) and interest on, and all other amounts payable under, each series of the Outstanding Notes, and the full and punctual payment of all other amounts payable by the Company Issuers to the Holders of each series of the Outstanding Notes and to the Trustee under the Indenture (the “Parent Guarantee”). Upon the failure by the Company Issuers to fully and punctually pay punctually any such amount, the Parent Guarantor shall forthwith on demand pay the amount not so paid at the place and in the manner specified in the Indenture.

Appears in 1 contract

Sources: Supplemental Indenture (Energy Transfer Partners, L.P.)