SECURITIES GUARANTEE AGREEMENT Sample Clauses
A Securities Guarantee Agreement is a contractual provision in which one party agrees to guarantee the obligations or performance of another party with respect to securities, such as stocks or bonds. In practice, this means that if the primary obligor defaults on their commitments—such as repayment of a loan secured by securities or fulfillment of certain covenants—the guarantor will step in to fulfill those obligations. This clause typically applies in financing arrangements or investment transactions where additional assurance is required to mitigate the risk of default. Its core function is to provide security and confidence to the beneficiary by ensuring that obligations related to securities will be met, thereby reducing credit risk and facilitating smoother transactions.
SECURITIES GUARANTEE AGREEMENT. This GUARANTEE AGREEMENT (the "Preferred Securities Guarantee"), dated as of [ ], is executed and delivered by Hartford Life, Inc., a Delaware corporation (the "Guarantor"), and Wilmington Trust Company, as trustee (the "Preferred Guarantee Trustee"), for the benefit of the Holders (as defined herein) from time to time of the Preferred Securities (as defined herein) of Hartford Life Capital III, a Delaware statutory business trust (the "Issuer").
SECURITIES GUARANTEE AGREEMENT. This GUARANTEE AGREEMENT (this "Preferred Securities Guarantee"), dated as of • , is executed and delivered by Prudential Financial, Inc., a New Jersey corporation (the "Guarantor"), and • , as trustee (the "Preferred Guarantee Trustee"), for the benefit of the Holders (as defined herein) from time to time of the Preferred Securities (as defined herein) of Prudential Financial Capital Trust II, a Delaware statutory trust (the "Issuer").
SECURITIES GUARANTEE AGREEMENT. This GUARANTEE AGREEMENT (the "Securities Guarantee"), dated as of January 23, 1997, is executed and delivered by The Washington Water Power Company, a Washington corporation (the "Guarantor"), and Wilmington Trust Company, a Delaware banking corporation, not in its individual capacity, but solely as trustee (the "Guarantee Trustee"), for the benefit of the Holders (as defined herein) from time to time of the Securities (as defined herein) of Washington Water Power Capital I, a Delaware statutory business trust (the "Issuer").