Common use of Additional Guarantee Clause in Contracts

Additional Guarantee. (a) The Additional Guarantor irrevocably and unconditionally guarantees, on a subordinated basis as provided herein, the Original Guarantor's obligations to pay in full to the Holders the Guarantee Payments (without duplication of amounts theretofore paid by the Trust or the Original Guarantor), as and when due, regardless of any defense, right of set-off or counterclaim that the Trust or the Original Guarantor may have or assert (the "Additional Guarantee"). The Additional Guarantor's obligation to make a Guarantee Payment may be satisfied by direct payment of the required amounts by the Additional Guarantor to the Holders or by causing the Trust or the Original Guarantor to pay such amounts to the Holders.

Additional Guarantee. (a) The Additional Guarantor irrevocably and unconditionally guaranteesagrees, on a subordinated basis as provided hereinherein (the "Additional Guarantee"), the Original Guarantor's obligations to pay in full to the Holders the Additional Guarantee Payments (without duplication of amounts theretofore paid by or on behalf of the Trust Issuer or the Original Guarantor), as and when due, regardless of any defense, right of set-off or counterclaim that counter claim which the Trust Issuer or the Original Guarantor may have or assert (the "Additional Guarantee")assert. The Additional Guarantor's obligation to make a an Additional Guarantee Payment may be satisfied by direct payment of the required amounts by the Additional Guarantor to the Holders or by causing the Trust Guarantor or the Original Guarantor Issuer to pay such amounts to the Holders.