Indebtedness consisting of Permitted SBIC Guarantees; and
Guarantees. Guaranteed or endorsed in a material amount any obligation or net worth of any Person;
Guarantees. Not create, incur, assume or suffer to exist any Guarantees, except:
Guarantees. The Guarantees have been duly and validly authorized by the Guarantors and, when issued and executed by the Guarantors, will have been duly executed, authenticated, issued and delivered and will constitute legal, valid and binding obligations of the Guarantors, entitled to the benefit of the Indenture and the Registration Rights Agreement, and enforceable against the Guarantors in accordance with their terms, except that the enforcement thereof may be subject to # bankruptcy, insolvency, reorganization, receivership, moratorium, fraudulent conveyance, fraudulent transfer or
obligations of any Obligor under a Permitted SBIC Guarantee, any SBIC Equity Commitment and analogous commitments by such Obligor with respect to any of its SBIC Subsidiaries;
no portion of the Indebtedness or any other obligations (contingent or otherwise) of such Subsidiary: # is Guaranteed by any Obligor (other than a Permitted SBIC Guaranty), # is recourse to or obligates any Obligor in any way (other than in respect of any SBIC Equity Commitment or Permitted SBIC Guaranty), or # subjects any property of any Obligor, directly or indirectly, contingently or otherwise, to the satisfaction thereof, other than Equity Interests in any SBIC Subsidiary pledged to secure such Indebtedness, and
(a) a direct or indirect Subsidiary of the Borrower or any other Obligor designated by the Borrower as a “Designated Subsidiary” which meets the following criteria:
Loan Guarantees. The Board may help the Participant pay for Shares purchased under the Plan by authorizing a guarantee by the Company of a third-party loan to the Participant.
“Permitted SBIC Guarantee” means a guarantee by [[Organization A:Organization]] of Indebtedness of an SBIC Subsidiary on the SBA’s then applicable form; provided that the recourse to [[Organization A:Organization]] thereunder is expressly limited only to periods after the occurrence of an event or condition that is an impermissible change in the control of such SBIC Subsidiary.
“SBIC Equity Commitment” means a commitment by any Obligor to make one (1) or more capital contributions to an SBIC Subsidiary.
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