Additional Note Guarantee definition
Examples of Additional Note Guarantee in a sentence
The guarantee from eircom and each such Additional Note Guarantee are subject to release in the circumstances described in the Indenture.
If the Company exercises its Covenant Defeasance option, the Senior Subordinated eircom Guarantee, any Additional Note Guarantee and, at the Company’s option, the Subordinated Holdings Guarantee will terminate at such time and be discharged and of no further force and effect.
Interactive represents that Interactive is a limited liability company that is duly organized and validly existing in good standing under the laws of the State of Connecticut.
Subject to Section 11.5, each Additional Note Guarantor further agrees that the Additional Note Guarantee herein shall continue to be effective or be reinstated, as the case may be, if at any time payment, or any part thereof, of principal of or interest, or Additional Amounts, if any, on any of the Additional Note Guarantee Obligations is rescinded or must otherwise be restored by any Holder upon the bankruptcy or reorganization of the Company or otherwise.
Neither the Company nor any Note Guarantor shall be required to make a notation on the Senior Notes to reflect any Additional Note Guarantee or any release, termination or discharge of a Note Guarantee.
SECTION 11.1 Additional Note Guarantors SECTION 11.2 Additional Note Guarantee SECTION 11.3 Limitation on Liability SECTION 11.4 No Subrogation SECTION 11.5 Release.
Each Additional Note Guarantor (to the extent permitted by law) waives notice of any default under the Notes or the Additional Note Guarantee Obligations.
Each Additional Note Guarantor further agrees (to the extent permitted by law) that the Additional Note Guarantee Obligations may be extended or renewed, in whole or in part, without notice or further assent from it, and that it will remain bound under this Article XI notwithstanding any extension or renewal of any Additional Note Guarantee Obligation.
Each Additional Note Guarantor further agrees that the Additional Note Guarantee herein constitutes a Guarantee of payment when due (and not a Guarantee of collection) and waives (to the extent permitted by law) any right to require that any resort be had by any Holder to any security held for payment of the Additional Note Guarantee Obligations.
Upon any occurrence giving rise to a release of a Note Guarantee as specified above, and following receipt by the Trustee of an Opinion of Counsel that all conditions precedent to the release have been satisfied (as to which such counsel may rely upon an Officer’s Certificate as to matters of fact), the Senior Trustee shall execute any documents reasonably required in order to evidence or effect such release, discharge and termination in respect of such Additional Note Guarantee.