COVENANTS AND SUBORDINATION. SECTION 6.1. Subordination............................................................................. 13 SECTION 6.2. Pari Passu Guarantees..................................................................... 13 ARTICLE VII
COVENANTS AND SUBORDINATION. SECTION 6.1. Subordination. ....................................................................12 SECTION 6.2. Pari Passu Guarantees. ............................................................12 ARTICLE VII. TERMINATION SECTION 7.1. Termination. ......................................................................12 ARTICLE VIII. MISCELLANEOUS SECTION 8.1. Successors and Assigns. ...........................................................13 SECTION 8.2. Amendments. .......................................................................13 SECTION 8.3. Notices. ..........................................................................13 SECTION 8.4. Benefit. ..........................................................................14 SECTION 8.5. Interpretation. ...................................................................14 SECTION 8.6. Governing Law. ....................................................................15 SECTION 8.7. Counterparts ......................................................................15 GUARANTEE AGREEMENT This GUARANTEE AGREEMENT, dated as of _______ __, 1997 is executed and delivered by OWENX XXXNING, a Delaware corporation (the "Guarantor") having its principal office at Owenx Xxxning World Headquarters, Tolexx, Xxxx 00000, xxd WILMINGTON TRUST COMPANY, a banking corporation duly organized and existing under the laws of the State of Delaware, as trustee (the "Guarantee Trustee"), for the benefit of the Holders (as defined herein) from time to time of the Preferred Securities (as defined herein) of Owenx Xxxning Capital II, a Delaware statutory business trust (the "Issuer").
COVENANTS AND SUBORDINATION. Section 6.1. Subordination........................................... 15 Section 6.2. Pari Passu Guarantees................................... 15
COVENANTS AND SUBORDINATION. Section 6.1. Subordination......................... 16 Section 6.2. Pari Passu Guarantees................. 16 ARTICLE VII. TERMINATION Section 7.1. Termination........................... 16 ARTICLE VIII. MISCELLANEOUS Section 8.1. Successors and Assigns................ 17 Section 8.2. Amendments............................ 17 Section 8.3. Notices............................... 17 Section 8.4. Benefit............................... 18 Section 8.5. Interpretation........................ 19 Section 8.6. Governing Law......................... 19 Section 8.7. Counterparts.......................... 19 GUARANTEE AGREEMENT ------------------- This GUARANTEE AGREEMENT, dated as of August __, 1997 is executed and delivered by ACCEPTANCE INSURANCE COMPANIES INC., a Delaware corporation (the "Guarantor"), having its principal office at 222 Xxxxx 00xx Xxxxxx, Xxxxx 000 Xxxxx, Xxxxx, Xxxxxxxx 00000, xxd BANKERS TRUST COMPANY, a New York banking corporation, as trustee (the "Guarantee Trustee"), for the benefit of the Holders (as defined herein) from time to time of the Preferred Securities (as defined herein) of AICI Capital Trust, a Delaware statutory business trust (the "Issuer Trust").
COVENANTS AND SUBORDINATION. 12 Section 6.1. Subordination . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 Section 6.2. Pari Passu Guarantees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
COVENANTS AND SUBORDINATION. Section 6.1. Subordination. 13 Section 6.2. Pari Passu Guarantees. 13 ARTICLE VII TERMINATION Section 7.1. Termination. 13 ARTICLE VIII
COVENANTS AND SUBORDINATION. SECTION 6.1. SUBORDINATION................................................ 15 SECTION 6.2. PARI PASSU GUARANTEES........................................ 15 ARTICLE VII TERMINATION SECTION 7.1. TERMINATION................................................... 15 ARTICLE VIII MISCELLANEOUS
COVENANTS AND SUBORDINATION. Section 6.1 Subordination..........................................................12 Section 6.2 Pari Passu Guarantees..................................................12 ARTICLE VII TERMINATION Section 7.1 Termination............................................................12 ARTICLE VIII MISCELLANEOUS Section 8.1 Successors and Assigns.................................................12 Section 8.2 Amendments.............................................................13 Section 8.3 Notices................................................................13 Section 8.4 Benefit................................................................14 Section 8.5 Interpretation.........................................................14 Section 8.6 Governing Law..........................................................15 GUARANTEE AGREEMENT GUARANTEE AGREEMENT, dated as of __________, entered into between SOUTHERN CALIFORNIA EDISON COMPANY, a California corporation having its principal office at 2244 Walnut Grove Avenue, Rosemead, California 00000 (xxx "Xxxxxxxxx"), xxx XXX XXXX XX XXX XXXX XRUST COMPANY, N.A., as trustee (the "Guarantee Trustee"), for the benefit of the Holders (as defined herein) from time to time of the Preferred Securities (as defined herein) of SCE Trust [__], a Delaware statutory business trust (the "Issuer").
COVENANTS AND SUBORDINATION. Section 6.1 Subordination 13 Section 6.2 Pari Passu Guarantees 13 ARTICLE VII Termination
COVENANTS AND SUBORDINATION. 11 Section 6.1. Subordination 11 Section 6.2. Pari Passu Guarantees 11 ARTICLE VII.
