Subsidiary Limited Guaranty

Subsidiary Limited Guaranty. Means, as to any Subsidiary Limited Guarantor, a guarantee of the Secured Obligations by such Person pursuant to the terms of a guarantee the form and substance of which is reasonably satisfactory to the Administrative Agent and is limited in amount or scope to ensure the provision of such guarantee does not violate any applicable law, rule, regulation or order of any Governmental Authority having jurisdiction over such Subsidiary Limited Guarantor and which guarantee is secured by a Lien on... the assets of the Subsidiary Limited Guarantor pursuant to security documentation the form and substance of which is reasonably satisfactory to the Administrative Agent, fully accounting for the need to comply with local law and the advice of local counsel to the Subsidiary Limited Guarantor in connection therewith. For the avoidance of doubt, a guarantee of the Secured Obligations pursuant to the terms of Article X of this Agreement shall not constitute a Subsidiary Limited Guaranty. View More