Common use of GUARANTEE BY IBC Clause in Contracts

GUARANTEE BY IBC. Subject to the terms and conditions hereof, IBC, including in its capacity as holder of the Common Securities, hereby irrevocably and unconditionally guarantees to each person or entity to whom the Trust is now or hereafter becomes indebted or liable (the "Beneficiaries") the full payment when and as due, of any and all Obligations (as hereinafter defined) to such Beneficiaries. As used herein, "

Appears in 4 contracts

Samples: Trust Agreement (Ibc Capital Finance), Trust Agreement (Ibc Capital Finance), Trust Agreement (Ibc Capital Finance)

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