Common use of Execution of Guaranty Clause in Contracts

Execution of Guaranty. To evidence their guaranty to the Debentureholders specified in Section 17.01, the Guarantor hereby agrees to execute the Guaranty in substantially the form above recited to be endorsed on each Debenture authenticated and delivered by the Trustee after the Effective Time or, in lieu thereof, stamp each such Debenture with an appropriate notation on such Debenture. The Guarantor hereby agrees that its Guaranty set forth in Section 17.01 shall remain in full force and effect notwithstanding any failure to include such endorsement or notation of such Guaranty on each Debenture. If applicable, the Guaranty shall be signed on behalf of the Guarantor by its Chairman of the Board, President or a Vice President, prior to the authentication of the Debenture on which it is endorsed, and the delivery of such Debenture by the Trustee, after the authentication thereof hereunder, shall constitute due delivery of the Guaranty on behalf of the Guarantor. Such signatures upon the Guaranty may be manual or facsimile signatures of the present, past or any future such officers and may be imprinted or otherwise reproduced on the Guaranty, and in case any such officer who shall have signed the Guaranty shall cease to be such officer before the Debenture on which such Guaranty is endorsed shall have been authenticated and delivered by the Trustee or disposed of by the Company, such Debenture nevertheless may be authenticated and delivered or disposed of as though the person who signed the Guaranty had not ceased to be such officer of the Guarantor.

Execution of Guaranty. To evidence their guaranty to the Debentureholders Noteholders specified in Section 17.018.1, the Guarantor hereby agrees to execute the Guaranty in substantially the form above recited to be endorsed on each Debenture Note authenticated and delivered by the Trustee after the Effective Time or, in lieu thereof, stamp each such Debenture Note with an appropriate notation on such DebentureNote. The Guarantor hereby agrees that its Guaranty set forth in Section 17.01 8.1 shall remain in full force and effect notwithstanding any failure to include such endorsement or notation of such Guaranty on each DebentureNote. If applicable, the Guaranty shall be signed on behalf of the Guarantor by its Chairman of the Board, President or a Vice President, prior to the authentication of the Debenture Note on which it is endorsed, and the delivery of such Debenture Note by the Trustee, after the authentication thereof hereunder, shall constitute due delivery of the Guaranty on behalf of the Guarantor. Such signatures upon the Guaranty may be manual or facsimile signatures of the present, past or any future such officers and may be imprinted or otherwise reproduced on the Guaranty, and in case any such officer who shall have signed the Guaranty shall cease to be such officer before the Debenture Note on which such Guaranty is endorsed shall have been authenticated and delivered by the Trustee or disposed of by the Company, such Debenture Note nevertheless may be authenticated and delivered or disposed of as though the person who signed the Guaranty had not ceased to be such officer of the Guarantor.

Execution of Guaranty. To evidence their guaranty its New Devon Guaranty to the Debentureholders Convertible Debenture Holders specified in Section 17.0116.1, the New Devon Guarantor hereby agrees to execute the New Devon Guaranty in substantially the form above recited to be endorsed on each Convertible Debenture authenticated and delivered by the Trustee after the Effective Time or, in lieu thereof, stamp each such Convertible Debenture with an appropriate notation on such Convertible Debenture. The New Devon Guarantor hereby agrees that its New Devon Guaranty set forth in Section 17.01 16.1 shall remain in full force and effect notwithstanding any failure to include such endorsement or notation of such New Devon Guaranty on each Convertible Debenture. If applicable, the New Devon Guaranty shall be signed on behalf of the New Devon Guarantor by its Chairman of the Board, Chief Executive Officer, President or a Vice President, prior to the authentication of the Convertible Debenture on which it is endorsed, and the delivery of such Convertible Debenture by the Trustee, after the authentication thereof hereunder, shall constitute due delivery of the New Devon Guaranty on behalf of the New Devon Guarantor. Such signatures upon the New Devon Guaranty may be manual or facsimile signatures of the present, past or any future such officers and may be imprinted or otherwise reproduced on the New Devon Guaranty, and in case any such officer who shall have signed the New Devon Guaranty shall cease to be such officer before the Convertible Debenture on which such New Devon Guaranty is endorsed shall have been authenticated and delivered by the Trustee or disposed of by the Company, such Convertible Debenture nevertheless may be authenticated and delivered or disposed of as though the person who signed the New Devon Guaranty had not ceased to be such officer of the New Devon Guarantor.