Security Guarantees. (a) Each Security Guarantor hereby fully and unconditionally guarantees, jointly and severally with each other Security Guarantor, to each Holder and the Trustee, the full and punctual payment when due, whether at maturity, by acceleration, by redemption or otherwise, of the obligations (such guaranteed obligations, the “Guaranteed Obligations”) of the Securities of any series that are subject to Security Guarantees. Unless terminated hereunder, each such Security Guarantor further agrees (to the extent permitted by law) that such obligations may be extended or renewed, in whole or in part, without notice or further assent from it, and that it shall remain bound by the provisions of this Article XI, to the extent otherwise applicable, notwithstanding any extension or renewal of any such obligation. Each Security Guarantor hereby agrees to pay, in addition to the amounts stated above, any and all expenses (including reasonable counsel fees and expenses) incurred by the Trustee or the Holders in enforcing or exercising any rights under any Security Guarantee.
(b) Each Security Guarantor waives presentation to, demand of payment from and protest to the Company of any of the obligations under such Securities or this Indenture and also waives notice of protest for nonpayment. Each Security Guarantor waives notice of any default under this Indenture, the Securities of such series or any other agreement. The obligations of each Security Guarantor hereunder shall not be affected by (i) the failure of any Holder to assert any claim or demand or to enforce any right or remedy against the Company or any other Person under this Indenture, the Securities or any other agreement or otherwise; (ii) any extension or renewal of any thereof; (iii) any rescission, waiver, amendment or modification of any of the terms or provisions of this Indenture, the Securities of such series or any other agreement; (iv) the release of any security held by any Holder or the Trustee for the obligations under the Securities or this Indenture; (v) the failure of any Holder to exercise any right or remedy against the other Security Guarantors with respect to the Securities of such series; or (vi) any change in the ownership of the Company.
(c) Each Security Guarantor further agrees that its Security Guarantee herein constitutes a guarantee of payment when due (and not a guarantee of collection) and waives any right to require that any resort be had by any Holder to any security held for paymen...
Security Guarantees. Each of the Security Guarantors and the Company will, and the Company will cause each of the Security Guarantors to, ensure at all times that, unless otherwise permitted by this Indenture, each Security Guarantee will remain in full force and effect and shall not be subordinated by written agreement in right of payment to any indebtedness or other obligations of the Security Guarantors, unless required by applicable law. ARTICLE ELEVEN
Security Guarantees. This Security is initially entitled to the benefits of the certain Security Guarantees of the Security Guarantors and may thereafter be entitled to certain other Security Guarantees made for the benefit of the Holders. Reference is hereby made to Article Seventeen of the Indenture and to the Security Guarantees endorsed on this Security for a statement of the respective rights, limitations of rights, duties and obligations thereunder of the Security Guarantors, the Trustee and the Holders.
Security Guarantees. Any series of Securities may be the subject of Security Guarantees. Security Guarantees will be created or added to any series of Securities by the execution of a supplemental indenture, as described in Article IX hereof, by the applicable Security Guarantor(s), the Company and the Trustee. The terms of any such Security Guarantee will be set forth in such supplemental indenture for that particular series of Securities.
Security Guarantees. 82 SECTION 1702. Successors and Assigns........................................................................84
Security Guarantees. 66 Section 1601.
Security Guarantees. The Security Guarantors hereby fully, unconditionally and absolutely guarantee on a senior, unsecured basis the Company’s Obligations under the Notes and the Indenture in accordance with Article XI of the Base Indenture, except as set forth below in Section 7.02. Each Security Guarantor hereby agrees that its Security Guarantee set forth herein and in Article XI of the Base Indenture shall remain in full force and effect notwithstanding the absence of the endorsement of any notation of such Security Guarantee on the Notes. The delivery of any Note by the Trustee, after the authentication thereof under the Indenture, shall constitute due delivery of the Security Guarantee set forth in the Indenture on behalf of the Security Guarantors.
Security Guarantees. Applicability of the Article; Company’s Option to Implement Security Guarantees 53 Section 11.02 Security Guarantees 53 Section 11.03 Limitation on Liability; Termination; Release and Discharge 55 Section 11.04 Reserved 56 Section 11.05 Right of Contribution 56 Section 11.06 No Subrogation 56
Security Guarantees. Applicability of the Article; Company’s Option to Implement Security Guarantees 62
Security Guarantees. 86 SECTION 11.02.
