Common use of Guarantee of the Notes Clause in Contracts

Guarantee of the Notes. The Guarantor has in the Trust Deed unconditionally and irrevocably guaranteed the due and punctual payment of all sums from time to time payable by the Issuer in respect of the Notes. The Guarantee constitutes direct, unconditional, unsubordinated and (subject to the provisions of Condition 5 (Negative Pledge)) unsecured obligations of the Guarantor which will at all times rank at least pari passu with all other present and future unsecured (subject as aforesaid) obligations of the Guarantor, save for such obligations as may be preferred by provisions of law that are both mandatory and of general application.‌

Guarantee of the Notes. The Guarantor has in the Trust Deed of Guarantee unconditionally and irrevocably guaranteed the due and punctual payment of all sums from time to time payable by the Issuer in respect of the Notes. The This Guarantee of the Notes constitutes direct, unconditionalgeneral, unconditional unsubordinated and (subject to the provisions of Condition 5 (Negative Pledge)) unsecured obligations of the Guarantor which will at all times rank at least pari passu with all other present and future unsecured (subject as aforesaid) obligations of the Guarantor, save for such obligations as may be preferred by provisions of law that are both mandatory and of general application.‌application.