Capital Securities Guarantee. 2 Commission.........................................................2
Capital Securities Guarantee. 3 Commission . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
Capital Securities Guarantee. 2 Certificate.............................................................2
Capital Securities Guarantee. The Guarantor irrevocably and unconditionally agrees to pay in full to the Holders the Guarantee Payments (without duplication of amounts theretofore paid by the Issuer), as and when due, regardless of any defense, right of set-off or counterclaim that the Issuer may have or assert. Such obligations will not be discharged except by payment of the Guarantee Payments in full. The Guarantor's obligation to make a Guarantee Payment may be satisfied by direct payment of the required amounts by the Guarantor to the Holders or by causing the Issuer to pay such amounts to the Holders.
Capital Securities Guarantee. All accounting terms used herein and not expressly defined shall have the meanings assigned to such terms in accordance with generally accepted accounting principles and the term "generally accepted accounting principles" means such accounting principles as are generally accepted at the time of any computation. The words "herein", "hereof" and "hereunder" and other words of similar import refer to this Indenture as a whole and not to any particular Article, Section or other subdivision. Headings are used for convenience of reference only and do not affect interpretation. The singular includes the plural and vice versa.
Capital Securities Guarantee. The Guarantor irrevocably and unconditionally agrees to pay in full to the Holders the Guarantee Payments (without duplication of amounts theretofore paid by the Issuer), as and when due, regardless of any defense, right of set-off or counterclaim that the Issuer may have or assert. Such obligations will not be discharged except by payment of the Guarantee Payments in full. The Guarantor's obligation to make a Guarantee Payment may be satisfied by direct payment of the required amounts by the Guarantor to the Holders or by causing the Issuer to pay such amounts to the Holders. The Guarantee Payments shall rank pari passu with any guarantee payments made in respect of the Common Securities; provided, however, if a Declaration Event of Default has occurred and is continuing, the rights of holders of the Common Securities to receive payments under the Common Securities Guarantee are subordinated to the right of Holders of the Capital Securities to receive any Guarantee Payments under this Capital Securities Guarantee.
Capital Securities Guarantee. The Guarantor irrevocably and unconditionally agrees to pay in full to the Holders the Guarantee Payments (without duplication of amounts theretofore paid by or on behalf of the Issuer), as and when due, regardless of any defense (except a defense of payment by the Issuer), right of set-off or counterclaim that the Issuer may have or assert. Such Guarantee Payments shall rank pari passu with any payments made in respect of the Common Securities; provided, however, if a Declaration Event of Default resulting from an Indenture Event of Default has occurred and is continuing, the rights of holders of the Common Securities to receive Guarantee Payments are subordinated to the rights of Holders of the Capital Securities to receive any payments under this Capital Securities Guarantee. Such obligations will not be discharged except by payment of the Guarantee Payments in full. The Guarantor's obligation to make a Guarantee Payment may be satisfied by direct payment of the required amounts by the Guarantor to the Holders or by causing the Issuer to pay such amounts to the Holders.
Capital Securities Guarantee. 11 SECTION 5.2 Waiver of Notice and Demand.....................................11 SECTION 5.3 Obligations Not Affected........................................12 SECTION 5.4
Capital Securities Guarantee. (a) The Guarantor irrevocably and unconditionally agrees to pay in full to the Holders the Guarantee Payments (without duplication of amounts theretofore paid by the Issuer), as and when due, regardless of any defense (except the defense of payment by the Issuer), right of set-off or counterclaim that the Issuer may have or assert. Such obligations will not be discharged except by payment of the Guarantee Payments in full. The Guarantor s obligation to make a Guarantee Payment may be satisfied by direct payment of the required amounts by the Guarantor to the Holders or by causing the Issuer to pay such amounts to the Holders.
(b) The obligations of Guarantor under Section 5.1(a) shall not apply except to the extent the Issuer has funds available for the payment of Distributions.
Capital Securities Guarantee. This GUARANTEE (the "Capital Securities Guarantee"), dated as of _________, 1997, is executed and delivered by K N ENERGY, INC., a Kansas corporation (the "Guarantor"), and WILMINGTON TRUST COMPANY, a Delaware banking corporation, as trustee (the "Capital Securities Guarantee Trustee"), for the benefit of the Holders (as defined herein) from time to time of the Capital Securities (as defined herein) of K N Capital Trust I, a Delaware statutory business trust (the "Issuer").
