Common use of Introductory Paragraph—Original Clause in Contracts

Introductory Paragraph—Original. THIS GUARANTY (this “Guaranty”), dated as of , 20 , is made by (the “Guarantor”), a organized and existing under the laws of , in favor of MidAmerican Energy Company (the “Beneficiary”), a corporation organized and existing under the laws of the State of Iowa. Terms not defined herein shall have the meanings given to them in the [ ] dated , 20 (as amended, modified or extended from time to time, the “Agreement”), between the Beneficiary and , a organized and existing under the laws of (the “Counterparty”). This Guaranty is made by Guarantor in consideration for, and as an inducement for the Beneficiary to enter into, the Agreement with the Counterparty. Guarantor, subject to the terms and conditions hereof, hereby unconditionally, irrevocably and absolutely guarantees to the Beneficiary the full and prompt payment and performance when due, subject to any applicable grace period, of all payment obligations of the Counterparty to the Beneficiary arising out of the Agreement. Without limiting the generality of the foregoing, Guarantor further agrees as follows:

Introductory Paragraph—Original. THIS GUARANTY (this “Guaranty”), dated as of , 20 , is made by (the “Guarantor”), a organized and existing under the laws of , in favor of MidAmerican Energy Company (the “Beneficiary”), a corporation organized and existing under the laws of the State of Iowa. Terms not defined herein shall have the meanings given to them in the [ ] dated , 20 (as amended, modified or extended from time to time, the “Agreement”), between the Beneficiary and , a organized and existing under the laws of (the “Counterparty”). This Guaranty is made by Guarantor in consideration for, and as an inducement for the Beneficiary to enter into, the Agreement with the Counterparty. Guarantor, subject to the terms and conditions hereof, hereby unconditionally, irrevocably and absolutely guarantees to the Beneficiary the full and prompt payment and performance when due, subject to any applicable grace period, of all payment obligations of the Counterparty to the Beneficiary arising out of the Agreement. Without limiting the generality of the foregoing, Guarantor Xxxxxxxxx further agrees as follows: