Common use of POWERS, DUTIES AND RIGHTS OF THE Clause in Contracts

POWERS, DUTIES AND RIGHTS OF THE. GUARANTEE TRUSTEE SECTION 3.01. Powers and Duties of the Guarantee Trustee 6 SECTION 3.02. Certain Rights of Guarantee Trustee 7 SECTION 3.03. Indemnity 9 ARTICLE IV GUARANTEE TRUSTEE SECTION 4.01. Guarantee Trustee; Eligibility 9 SECTION 4.02. Appointment, Removal and Resignation of the Guarantee Trustee 10 ARTICLE V GUARANTEE SECTION 5.01. Guarantee 10 SECTION 5.02. Waiver of Notice and Demand 10 SECTION 5.03. Obligations Not Affected 11 SECTION 5.04. Rights of Holders 11 SECTION 5.05. Guarantee of Payment 12 SECTION 5.06. Subrogation 12 SECTION 5.07. Independent Obligations 12 ARTICLE VI COVENANTS AND SUBORDINATION SECTION 6.01. Subordination 12 SECTION 6.02. Pari Passu Guarantees 12 ARTICLE VII TERMINATION SECTION 7.01. Termination 13 ARTICLE VIII MISCELLANEOUS SECTION 8.01. Successors and Assigns 13 SECTION 8.02. Amendments 13 SECTION 8.03. Notices 13 SECTION 8.04. Benefit 14 SECTION 8.05. Interpretation 14 SECTION 8.06. Governing Law 16 GUARANTEE AGREEMENT This GUARANTEE AGREEMENT, dated as of January 10, 1997, is executed and delivered by USF&G Corporation, a Maryland corporation (the "Guarantor"), and The Bank of New York, a New York banking corporation, as trustee (the "Guarantee Trustee"), for the benefit of the Holders (as defined herein) from time to time of the Capital Securities (as defined herein) of USF&G Capital II, a Delaware statutory business trust (the "Issuer").

POWERS, DUTIES AND RIGHTS OF THE. GUARANTEE TRUSTEE SECTION 3.01. 6 Section 3.1 Powers and Duties of the Guarantee Trustee 6 SECTION 3.02. Section 3.2 Certain Rights of Guarantee Trustee 7 SECTION 3.03. Section 3.3 Indemnity 9 ARTICLE IV IV. GUARANTEE TRUSTEE SECTION 4.01. 10 Section 4.1 Guarantee Trustee; : Eligibility 9 SECTION 4.02. 10 Section 4.2 Appointment, Removal and Resignation of the Guarantee Trustee 10 ARTICLE V V. GUARANTEE SECTION 5.01. 11 Section 5.1 Guarantee 10 SECTION 5.02. 11 Section 5.2 Waiver of Notice and Demand 10 SECTION 5.03. 11 Section 5.3 Obligations Not Affected 11 SECTION 5.04. Section 5.4 Rights of Holders 11 SECTION 5.05. 12 Section 5.5 Guarantee of Payment 12 SECTION 5.06. Section 5.6 Subrogation 12 SECTION 5.07. Section 5.7 Independent Obligations 12 13 ARTICLE VI VI. COVENANTS AND SUBORDINATION SECTION 6.01. 13 Section 6.1 Subordination 12 SECTION 6.02. 13 Section 6.2 Pari Passu Guarantees 12 13 ARTICLE VII VII. TERMINATION SECTION 7.01. 13 Section 7.1 Termination 13 ARTICLE VIII VIII. MISCELLANEOUS SECTION 8.01. 13 Section 8.1 Successors and Assigns 13 SECTION 8.02. Section 8.2 Amendments 13 SECTION 8.03. 14 Section 8.3 Notices 13 SECTION 8.04. 14 Section 8.4 Benefit 14 SECTION 8.05. 15 Section 8.5 Interpretation 14 SECTION 8.06. 15 Section 8.6 Governing Law 16 GUARANTEE AGREEMENT This GUARANTEE AGREEMENT, dated as of January 10______________, 1997_______, is executed and delivered by USF&G CorporationLINCOLN NATIONAL CORPORATION, a Maryland an Indiana corporation (the "“Guarantor")”) having its principal office at 1000 Xxxxxx Xxxxxx, Xxxxx 0000, Xxxxxxxxxxxx, Xxxxxxxxxxxx 00000-0000, and The Bank of New YorkBANK ONE TRUST COMPANY, NATIONAL ASSOCIATION, a New York national banking corporationassociation, as trustee (the "“Guarantee Trustee"”), for the benefit of the Holders (as defined herein) from time to time of the Capital Preferred Securities (as defined herein) of USF&G Lincoln National Capital IIIX, a Delaware statutory business trust (the "“Issuer"”).

POWERS, DUTIES AND RIGHTS OF THE. GUARANTEE TRUSTEE SECTION 3.01. 6 Section 3.1 Powers and Duties of the Guarantee Trustee 6 SECTION 3.02. Section 3.2 Certain Rights of Guarantee Trustee 7 SECTION 3.03. Section 3.3 Indemnity 9 ARTICLE IV IV. GUARANTEE TRUSTEE SECTION 4.01. 10 Section 4.1 Guarantee Trustee; : Eligibility 9 SECTION 4.02. 10 Section 4.2 Appointment, Removal and Resignation of the Guarantee Trustee 10 ARTICLE V V. GUARANTEE SECTION 5.01. 11 Section 5.1 Guarantee 10 SECTION 5.02. 11 Section 5.2 Waiver of Notice and Demand 10 SECTION 5.03. 11 Section 5.3 Obligations Not Affected 11 SECTION 5.04. Section 5.4 Rights of Holders 11 SECTION 5.05. 12 Section 5.5 Guarantee of Payment 12 SECTION 5.06. Section 5.6 Subrogation 12 SECTION 5.07. Section 5.7 Independent Obligations 12 13 ARTICLE VI VI. COVENANTS AND SUBORDINATION SECTION 6.01. 13 Section 6.1 Subordination 12 SECTION 6.02. 13 Section 6.2 Pari Passu Guarantees 12 13 ARTICLE VII VII. TERMINATION SECTION 7.01. 13 Section 7.1 Termination 13 ARTICLE VIII VIII. MISCELLANEOUS SECTION 8.01. 13 Section 8.1 Successors and Assigns 13 SECTION 8.02. Section 8.2 Amendments 13 SECTION 8.03. 14 Section 8.3 Notices 13 SECTION 8.04. 14 Section 8.4 Benefit 14 SECTION 8.05. 15 Section 8.5 Interpretation 14 SECTION 8.06. 15 Section 8.6 Governing Law 16 GUARANTEE AGREEMENT This GUARANTEE AGREEMENT, dated as of January 10_____________, 1997_______, is executed and delivered by USF&G CorporationLINCOLN NATIONAL CORPORATION, a Maryland an Indiana corporation (the "“Guarantor")”) having its principal office at 1000 Xxxxxx Xxxxxx, Xxxxx 0000, Xxxxxxxxxxxx, Xxxxxxxxxxxx 00000-0000, and The Bank of New YorkBANK ONE TRUST COMPANY, NATIONAL ASSOCIATION, a New York national banking corporationassociation, as trustee (the "“Guarantee Trustee"”), for the benefit of the Holders (as defined herein) from time to time of the Capital Preferred Securities (as defined herein) of USF&G Lincoln National Capital IIVIII, a Delaware statutory business trust (the "“Issuer"”).

POWERS, DUTIES AND RIGHTS OF THE. GUARANTEE TRUSTEE SECTION 3.01. 6 Section 3.1 Powers and Duties of the Guarantee Trustee Trustee. 6 SECTION 3.02. Section 3.2 Certain Rights of Guarantee Trustee Trustee. 7 SECTION 3.03Section 3.3 Indemnity, Fees. Indemnity 9 ARTICLE IV IV. GUARANTEE TRUSTEE SECTION 4.01. 9 Section 4.1 Guarantee Trustee; Eligibility : Eligibility. 9 SECTION 4.02. Section 4.2 Appointment, Removal and Resignation of the Guarantee Trustee Trustee. 10 ARTICLE V V. GUARANTEE SECTION 5.0111 Section 5.1 Guarantee. Guarantee 10 SECTION 5.02. 11 Section 5.2 Waiver of Notice and Demand 10 SECTION 5.03Demand. 11 Section 5.3 Obligations Not Affected Affected. 11 SECTION 5.04. Section 5.4 Rights of Holders 11 SECTION 5.05Trust Preferred Holders. 12 Section 5.5 Guarantee of Payment Payment. 12 SECTION 5.06Section 5.6 Subrogation. Subrogation 12 SECTION 5.07Section 5.7 Independent Obligations. Independent Obligations 12 13 ARTICLE VI VI. COVENANTS AND SUBORDINATION SECTION 6.0113 Section 6.1 Subordination. Subordination 12 SECTION 6.02. Pari Passu Guarantees 12 ARTICLE VII TERMINATION SECTION 7.01. Termination 13 ARTICLE VIII VII. TERMINATION 13 Section 7.1 Termination. 13 ARTICLE VIII. MISCELLANEOUS SECTION 8.01. 13 Section 8.1 Successors and Assigns Assigns. 13 SECTION 8.02Section 8.2 Amendments. Amendments 13 SECTION 8.0314 Section 8.3 Notices. Notices 13 SECTION 8.0414 Section 8.4 Benefit. Benefit 14 SECTION 8.0515 Section 8.5 Interpretation. Interpretation 14 SECTION 8.0615 Section 8.6 Governing Law. Governing Law 16 15 GUARANTEE AGREEMENT This GUARANTEE AGREEMENT, dated as of January 10December 15, 19972005 (the “Guarantee Agreement”), is executed and delivered by USF&G CorporationBURLINGTON NORTHERN SANTA FE CORPORATION, a Maryland Delaware corporation (the "“Guarantor"”), having its principal office at 0000 Xxx Xxxx Drive, Fort Worth, Texas 76131-2830, and The Bank of New YorkU.S. BANK TRUST NATIONAL ASSOCIATION, a New York national banking corporationassociation (“U.S. Bank”), as trustee (the "“Guarantee Trustee"”), for the benefit of the Trust Preferred Holders (as defined herein) from time to time of the Capital Trust Preferred Securities (as defined herein) of USF&G Capital IIBNSF Funding Trust I, a Delaware statutory business trust (the "Issuer"“Trust”).

POWERS, DUTIES AND RIGHTS OF THE. GUARANTEE TRUSTEE 6 SECTION 3.013.1. Powers and Duties of the Guarantee Trustee 6 SECTION 3.023.2. Certain Rights of Guarantee Trustee 7 8 SECTION 3.033.3. Indemnity 9 SECTION 3.4. Expenses 10 ARTICLE IV IV. GUARANTEE TRUSTEE 10 SECTION 4.014.1. Guarantee Trustee; Eligibility 9 10 SECTION 4.024.2. Appointment, Removal and Resignation of the Guarantee Trustee 10 ARTICLE V V. GUARANTEE 11 SECTION 5.015.1. Guarantee 10 11 SECTION 5.025.2. Waiver of Notice and Demand 10 11 SECTION 5.035.3. Obligations Not Affected 11 SECTION 5.045.4. Rights of Holders 11 12 SECTION 5.055.5. Guarantee of Payment 12 13 SECTION 5.065.6. Subrogation 12 13 SECTION 5.075.7. Independent Obligations 12 13 ARTICLE VI VI. COVENANTS AND SUBORDINATION 13 SECTION 6.016.1. Subordination 12 13 SECTION 6.026.2. Pari Passu Guarantees 12 13 ARTICLE VII VII. TERMINATION 14 SECTION 7.017.1. Termination 13 14 ARTICLE VIII VIII. MISCELLANEOUS 14 SECTION 8.018.1. Successors and Assigns 13 14 SECTION 8.028.2. Amendments 13 14 SECTION 8.038.3. Notices 13 14 SECTION 8.048.4. Benefit 14 16 SECTION 8.058.5. Interpretation 14 16 SECTION 8.068.6. Governing Law 16 SECTION 8.7. Counterparts 16 GUARANTEE AGREEMENT This GUARANTEE AGREEMENT, dated as of January 10May 7, 1997, 2004 is executed and delivered by USF&G CorporationFIRST CITIZENS BANCORPORATION, INC., a Maryland South Carolina corporation (the "“Guarantor"”), having its principal office at 0000 Xxxx Xxxxxx, Xxxxxxxx, Xxxxx Xxxxxxxx 00000, and The Bank of New YorkDEUTSCHE BANK TRUST COMPANY AMERICAS, a New York banking corporation, as trustee (the "“Guarantee Trustee"”), for the benefit of the Holders (as defined herein) from time to time of the Capital Preferred Securities (as defined herein) of USF&G FCB/SC Capital Trust II, a Delaware statutory business trust (the "Issuer"“Issuer Trust”).

POWERS, DUTIES AND RIGHTS OF THE. GUARANTEE TRUSTEE 6 SECTION 3.01. 3.1 Powers and Duties of the Guarantee Trustee Trustee. 6 SECTION 3.02. 3.2 Certain Rights of the Guarantee Trustee Trustee. 7 SECTION 3.033.3 Compensation. Indemnity 9 SECTION 3.4 Indemnity. 9 SECTION 3.5 Securities. 10 ARTICLE IV 4. GUARANTEE TRUSTEE 10 SECTION 4.01. 4.1 Guarantee Trustee; Eligibility 9 Eligibility. 10 SECTION 4.02. 4.2 Appointment, Removal and Resignation of the Guarantee Trustee Trustee. 10 ARTICLE V 5. PARENT GUARANTEE 11 SECTION 5.015.1 Parent Guarantee. Guarantee 10 11 SECTION 5.02. 5.2 Waiver of Notice and Demand 10 Demand. 12 SECTION 5.03. 5.3 Obligations Not Affected 11 Affected. 13 SECTION 5.04. 5.4 Rights of Holders, the Note Holders 11 and the Trust. 13 SECTION 5.05. 5.5 Guarantee of Payment 12 Payment. 14 SECTION 5.065.6 Subrogation. Subrogation 12 14 SECTION 5.075.7 Independent Obligations. Independent Obligations 12 14 SECTION 5.8 Enforcement. 15 ARTICLE VI COVENANTS AND SUBORDINATION 6. TERMINATION 15 SECTION 6.016.1 Termination. Subordination 12 15 ARTICLE 7. MISCELLANEOUS 15 SECTION 6.02. Pari Passu Guarantees 12 ARTICLE VII TERMINATION SECTION 7.01. Termination 13 ARTICLE VIII MISCELLANEOUS SECTION 8.01. 7.1 Successors and Assigns 13 Assigns. 15 SECTION 8.027.2 Amendments. Amendments 13 15 SECTION 8.037.3 Notices. Notices 13 16 SECTION 8.047.4 Benefit. Benefit 14 18 SECTION 8.057.5 Governing Law. Interpretation 14 18 SECTION 8.067.6 Submission to Jurisdiction. Governing Law 16 GUARANTEE AGREEMENT 18 SECTION 7.7 Counterparts. 19 SECTION 7.8 The Indenture. 19 SECTION 7.9 Currency Indemnity. 19 ARTICLE 8. CONSOLIDATION, MERGER, CONVEYANCE, TRANSFEROR LEASE AND OWNERSHIP OF THE COMPANY 20 SECTION 8.1 Parent Guarantor May Consolidate, etc., Only on Certain Terms. 20 SECTION 8.2 Dividends, Distributions and Payments. 21 SECTION 8.3 Successor Company Substituted. 21 SECTION 8.4 Ownership of the Company. 22 ARTICLE 9. REPRESENTATIONS AND WARRANTIES 22 SECTION 9.1 Representations and Warranties of Parent Guarantor. 22 This PARENT GUARANTEE AGREEMENT, dated as of January 10November 1, 19972005, is executed and delivered by USF&G CorporationHFF&L (Bermuda) Holdings, Ltd., a Maryland corporation Bermuda exempted limited liability company (the "“Parent Guarantor"”), having its principal office at Canon’s Court, 00 Xxxxxxxx Xxxxxx, Xxxxxxxx XX 12 Bermuda, and The Bank of New YorkJPMORGAN CHASE BANK, NATIONAL ASSOCIATION, a New York national banking corporationassociation, as trustee (in such capacity, the "“Guarantee Trustee"”), for the benefit of the Trust (as defined herein), the Holders (as defined herein) and the Note Holders (as defined herein) from time to time of the Capital Securities Notes (as defined herein) of USF&G Capital IIHFF&L (U.S.) Holdings, Inc., a Delaware statutory business trust corporation (the "Issuer"“Company”).

POWERS, DUTIES AND RIGHTS OF THE. GUARANTEE TRUSTEE SECTION 3.01. 6 Section 3.1 Powers and Duties of the Guarantee Trustee 6 SECTION 3.02. Section 3.2 Certain Rights of Guarantee Trustee 7 SECTION 3.03. Section 3.3 Indemnity 9 ARTICLE IV IV. GUARANTEE TRUSTEE SECTION 4.01. 10 Section 4.1 Guarantee Trustee; : Eligibility 9 SECTION 4.02. 10 Section 4.2 Appointment, Removal and Resignation of the Guarantee Trustee 10 ARTICLE V V. GUARANTEE SECTION 5.01. 11 Section 5.1 Guarantee 10 SECTION 5.02. 11 Section 5.2 Waiver of Notice and Demand 10 SECTION 5.03. 11 Section 5.3 Obligations Not Affected 11 SECTION 5.04. Section 5.4 Rights of Holders 11 SECTION 5.05. 12 Section 5.5 Guarantee of Payment 12 SECTION 5.06. Section 5.6 Subrogation 12 SECTION 5.07. Section 5.7 Independent Obligations 12 13 ARTICLE VI VI. COVENANTS AND SUBORDINATION SECTION 6.01. 13 Section 6.1 Subordination 12 SECTION 6.02. 13 Section 6.2 Pari Passu Guarantees 12 13 ARTICLE VII VII. TERMINATION SECTION 7.01. 13 Section 7.1 Termination 13 ARTICLE VIII VIII. MISCELLANEOUS SECTION 8.01. 13 Section 8.1 Successors and Assigns 13 SECTION 8.02. Section 8.2 Amendments 13 SECTION 8.03. 14 Section 8.3 Notices 13 SECTION 8.04. 14 Section 8.4 Benefit 14 SECTION 8.05. 15 Section 8.5 Interpretation 14 SECTION 8.06. 15 Section 8.6 Governing Law 16 GUARANTEE AGREEMENT This GUARANTEE AGREEMENT, dated as of January 10, 1997, is executed and delivered by USF&G CorporationLINCOLN NATIONAL CORPORATION, a Maryland an Indiana corporation (the "“Guarantor")”) having its principal office at 1000 Xxxxxx Xxxxxx, Xxxxx 0000, Xxxxxxxxxxxx, Xxxxxxxxxxxx 00000-0000, and The Bank of New YorkBANK ONE TRUST COMPANY, NATIONAL ASSOCIATION, a New York national banking corporationassociation, as trustee (the "“Guarantee Trustee"”), for the benefit of the Holders (as defined herein) from time to time of the Capital Preferred Securities (as defined herein) of USF&G Lincoln National Capital IIVII, a Delaware statutory business trust (the "“Issuer"”).