Common use of Guaranteed Debt Clause in Contracts

Guaranteed Debt. The Bank guarantees to the Trustee on behalf of the holders of the Notes on the basis provided herein the due and punctual payment of principal and interest payable by the Subsidiary under the terms of the Notes from time to time, and any additional amounts required to be paid pursuant to this Agreement (the “Guaranteed Obligations”). Notwithstanding any other provision of this Agreement, the liability of the Bank hereunder shall be for an amount not exceeding the aggregate of the Guaranteed Obligations.

Guaranteed Debt. The Bank guarantees to the Trustee on behalf of the holders of the Notes Bonds on the basis provided herein the due and punctual payment of principal and interest payable by the Subsidiary under the terms of the Notes Bonds from time to time, and any additional amounts required to be paid pursuant to this Agreement (the “Guaranteed Obligations”). Notwithstanding any other provision of this Agreement, the liability of the Bank hereunder shall be for an amount not exceeding the aggregate of the Guaranteed Obligations.