Common use of Deposit Guaranty Clause in Contracts

Deposit Guaranty. ASFC hereby covenants, agrees and guarantees so long as any Participants's funds deposited in the Pool have not been repaid in full when due, that it will, upon demand from the Participant, cause to be deposited into the Pool sufficient monies to meet and repay therefrom all such Participant's deposits in the Pool, together with interest due thereon at the rate determined in accordance with Section 2.1 hereof. ASFC hereby further covenants and agrees that its guaranty herein contained shall be deemed to cover, in addition to Participant's deposited funds and interest, any amount of indebtedness, damages, losses or liabilities incurred by Participant in any way relating to or arising out of enforcement of the guaranty created under this Agreement.