Subsidiary Guarantor definition: Copy, customize, and use instantly
Introduction
The term "Subsidiary Guarantor" refers to a subsidiary of a company that guarantees the obligations of the parent company or another entity. This guarantee is typically provided in the context of loan agreements, bond issuances, or other financing arrangements to enhance creditworthiness and provide lenders with additional security. Subsidiary Guarantors are legally bound to fulfill the guaranteed obligations if the primary obligor defaults.
Below are various examples of how "Subsidiary Guarantor" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Subsidiary Guarantor" as a wholly owned subsidiary providing guarantees
This definition ties "Subsidiary Guarantor" to a fully owned entity obligated under a guarantee.
"Subsidiary Guarantor" means any wholly owned subsidiary of the company that has executed a guarantee agreement to secure the obligations of the borrower or issuer.
Definition of "Subsidiary Guarantor" as a limited liability company guaranteeing obligations
This definition connects "Subsidiary Guarantor" to LLCs providing guarantees.
"Subsidiary Guarantor" refers to any limited liability company that has entered into a guarantee agreement to support the obligations of the principal debtor.
Definition of "Subsidiary Guarantor" as a subsidiary guaranteeing senior debt
This definition links "Subsidiary Guarantor" to senior debt obligations.
"Subsidiary Guarantor" means any subsidiary that has provided an unconditional guarantee of the senior indebtedness of the company.
Definition of "Subsidiary Guarantor" as a subsidiary required by lenders to provide guarantees
This definition ties "Subsidiary Guarantor" to lender-imposed conditions.
"Subsidiary Guarantor" refers to any subsidiary that is required under the terms of the financing agreement to execute a guaranty in favor of the lenders.
Definition of "Subsidiary Guarantor" as a subsidiary providing cross-guarantees
This definition connects "Subsidiary Guarantor" to cross-guarantee structures.
"Subsidiary Guarantor" means any subsidiary that has executed a cross-guarantee agreement, jointly securing the obligations of the parent company and its affiliates.
Definition of "Subsidiary Guarantor" as a subsidiary subject to release upon meeting conditions
This definition links "Subsidiary Guarantor" to conditional release mechanisms.
"Subsidiary Guarantor" refers to any subsidiary that guarantees the company’s obligations but may be released from such obligations upon satisfaction of specific conditions set forth in the applicable financing documents.
Definition of "Subsidiary Guarantor" as a subsidiary jointly guaranteeing obligations
This definition ties "Subsidiary Guarantor" to joint liability among multiple guarantors.
"Subsidiary Guarantor" means any subsidiary that, together with other guarantors, provides joint and several guarantees of the borrower’s obligations.
Definition of "Subsidiary Guarantor" as a foreign subsidiary providing a limited guarantee
This definition connects "Subsidiary Guarantor" to non-U.S. subsidiaries with restricted liability.
"Subsidiary Guarantor" refers to any foreign subsidiary that has executed a limited guarantee, subject to applicable legal and regulatory restrictions.
Definition of "Subsidiary Guarantor" as an entity providing guarantees under a debt indenture
This definition links "Subsidiary Guarantor" to bond or note issuance guarantees.
"Subsidiary Guarantor" means any subsidiary of the company that has executed a subsidiary guarantee in connection with the company’s indenture governing debt securities.
Definition of "Subsidiary Guarantor" as a subsidiary providing a secured guarantee
This definition ties "Subsidiary Guarantor" to collateralized guarantees.
"Subsidiary Guarantor" refers to any subsidiary that has pledged assets or provided other security to guarantee the obligations of the company.
Definition of "Subsidiary Guarantor" as a subsidiary required to maintain solvency
This definition connects "Subsidiary Guarantor" to financial solvency conditions.
"Subsidiary Guarantor" means any subsidiary providing a guarantee, provided that such subsidiary remains solvent and in compliance with applicable financial covenants.
Definition of "Subsidiary Guarantor" as a subsidiary that may be substituted in the event of a restructuring
This definition links "Subsidiary Guarantor" to corporate restructuring.
"Subsidiary Guarantor" refers to any subsidiary designated as a guarantor, which may be replaced or substituted in the event of a merger, reorganization, or restructuring.
Definition of "Subsidiary Guarantor" as a subsidiary required to provide periodic financial statements
This definition ties "Subsidiary Guarantor" to financial reporting obligations.
"Subsidiary Guarantor" means any subsidiary providing a guarantee that is required to furnish periodic financial statements and compliance certificates as part of its obligations.
Definition of "Subsidiary Guarantor" as a subsidiary subject to pari passu obligations
This definition connects "Subsidiary Guarantor" to equal-ranking liabilities.
"Subsidiary Guarantor" refers to any subsidiary that guarantees the obligations of the company on a pari passu basis with its other indebtedness.
Definition of "Subsidiary Guarantor" as a subsidiary included in covenant calculations
This definition links "Subsidiary Guarantor" to financial covenant compliance.
"Subsidiary Guarantor" means any subsidiary providing a guarantee and whose financial results are included in the borrower’s financial covenant calculations.
Definition of "Subsidiary Guarantor" as an entity required to execute additional documents upon request
This definition ties "Subsidiary Guarantor" to further assurance obligations.
"Subsidiary Guarantor" refers to any subsidiary that is required to execute such additional documents as may be reasonably requested by lenders to confirm or perfect its guarantee obligations.
Definition of "Subsidiary Guarantor" as a subsidiary with obligations subject to subordination provisions
This definition connects "Subsidiary Guarantor" to subordinated debt structures.
"Subsidiary Guarantor" means any subsidiary whose guarantee obligations are subordinated to the senior indebtedness of the company, as provided in applicable agreements.
Definition of "Subsidiary Guarantor" as a subsidiary required to comply with regulatory approvals
This definition links "Subsidiary Guarantor" to compliance with legal requirements.
"Subsidiary Guarantor" refers to any subsidiary that provides a guarantee subject to obtaining required governmental, regulatory, or shareholder approvals.
Definition of "Subsidiary Guarantor" as a subsidiary included in financial covenant calculations
This definition ties "Subsidiary Guarantor" to the inclusion in covenant tests.
"Subsidiary Guarantor" means any subsidiary that is included in the financial covenant calculations required under the terms of the loan or credit agreement.
Definition of "Subsidiary Guarantor" as a subsidiary whose guarantee is limited to specific obligations
This definition connects "Subsidiary Guarantor" to specific limitations on guarantee scope.
"Subsidiary Guarantor" refers to a subsidiary whose guarantee applies only to certain defined obligations, as set forth in the applicable guarantee agreement.
Definition of "Subsidiary Guarantor" as a subsidiary that must remain solvent
This definition ties "Subsidiary Guarantor" to the requirement for continued solvency.
"Subsidiary Guarantor" means any subsidiary that is required to maintain solvency throughout the term of the guarantee, subject to certain exceptions outlined in the agreement.
Definition of "Subsidiary Guarantor" as a subsidiary with a limited recourse guarantee
This definition links "Subsidiary Guarantor" to limited liability provisions.
"Subsidiary Guarantor" refers to a subsidiary whose guarantee is subject to limitations on recourse, ensuring that liability does not exceed certain thresholds or amounts.
Definition of "Subsidiary Guarantor" as a subsidiary providing a guarantee for both principal and interest
This definition connects "Subsidiary Guarantor" to full coverage of debt obligations.
"Subsidiary Guarantor" means any subsidiary that guarantees both the principal and interest of the company’s indebtedness.
Definition of "Subsidiary Guarantor" as a subsidiary subject to a guarantee for only specific debts
This definition ties "Subsidiary Guarantor" to restrictions on guaranteed obligations.
"Subsidiary Guarantor" refers to a subsidiary whose guarantee is restricted to specific debts or liabilities, as described in the financing documents.
Definition of "Subsidiary Guarantor" as a subsidiary that provides a cross-default guarantee
This definition connects "Subsidiary Guarantor" to cross-default provisions.
"Subsidiary Guarantor" means a subsidiary that provides a guarantee that includes cross-default provisions with respect to other obligations of the company.
Definition of "Subsidiary Guarantor" as a subsidiary that may be substituted by another entity
This definition links "Subsidiary Guarantor" to substitution rights.
"Subsidiary Guarantor" refers to a subsidiary whose guarantee may be replaced by another entity, subject to the terms of the relevant agreements.
Definition of "Subsidiary Guarantor" as a subsidiary with a guarantee subject to change-in-control provisions
This definition ties "Subsidiary Guarantor" to control change mechanisms.
"Subsidiary Guarantor" means any subsidiary whose guarantee may be modified or terminated upon a change in control of the company, as specified in the contract.
Definition of "Subsidiary Guarantor" as a subsidiary providing an unlimited guarantee
This definition connects "Subsidiary Guarantor" to the scope of its liability.
"Subsidiary Guarantor" refers to a subsidiary that has agreed to provide an unlimited guarantee of the company’s obligations, without restriction on amount or time.
Definition of "Subsidiary Guarantor" as a subsidiary whose guarantee is subject to local law restrictions
This definition ties "Subsidiary Guarantor" to legal limitations imposed by jurisdiction.
"Subsidiary Guarantor" means a subsidiary that provides a guarantee, subject to the restrictions of local law or regulations in the jurisdiction where it operates.
Definition of "Subsidiary Guarantor" as a subsidiary with a guarantee that includes an acceleration clause
This definition connects "Subsidiary Guarantor" to provisions for acceleration upon default.
"Subsidiary Guarantor" refers to a subsidiary whose guarantee includes an acceleration clause, making the entire debt due immediately upon certain events of default.
Definition of "Subsidiary Guarantor" as a subsidiary providing a guarantee for a specific term
This definition ties "Subsidiary Guarantor" to temporal limitations on the guarantee.
"Subsidiary Guarantor" means any subsidiary that provides a guarantee for a specified term, after which the guarantee may expire or be renegotiated.
Definition of "Subsidiary Guarantor" as a subsidiary that must meet financial performance thresholds
This definition links "Subsidiary Guarantor" to performance conditions.
"Subsidiary Guarantor" refers to a subsidiary that is required to meet specific financial performance thresholds to remain obligated under its guarantee.
Definition of "Subsidiary Guarantor" as a subsidiary whose guarantee is contingent on the parent company’s compliance
This definition connects "Subsidiary Guarantor" to parent company conditions.
"Subsidiary Guarantor" means a subsidiary that provides a guarantee, with the obligation being contingent upon the parent company’s compliance with certain financial or operational conditions.
Definition of "Subsidiary Guarantor" as a subsidiary whose guarantee includes a limitation on enforcement
This definition ties "Subsidiary Guarantor" to enforcement limitations.
"Subsidiary Guarantor" refers to a subsidiary whose guarantee may not be enforced until certain conditions are met, including compliance with specified legal processes.
Definition of "Subsidiary Guarantor" as a subsidiary required to provide notice of financial difficulties
This definition links "Subsidiary Guarantor" to disclosure obligations.
"Subsidiary Guarantor" means a subsidiary that is obligated to notify the creditor or lender of any material financial difficulties or events that could affect its ability to perform under the guarantee.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.