Common use of The Guaranties Clause in Contracts

The Guaranties. Each party's entry into this Agreement is expressly conditioned upon the contemporaneous execution and delivery to PanAmSat of the several guaranties of Televisa, News and TINTA (the "Original Guarantors") in the form set out in Appendix L. If said Guaranties are not executed and delivered to PanAmSat on the date of this Agreement, this Agreement shall be null and void. PanAmSat agrees that, if the [********************************************************] in Customer is [**********] PanAmSat shall, subject to PanAmSat's prior written consent, not to be unreasonably withheld, conditioned or delayed, allow the [***********************************************] to reflect their interests by substituting for the [******************************] the guarantees of [**************************************] (so that [******** ***************************************************************] obligations of Customer under this Agreement), provided that the [*****************] are of [**********************************************************] (as of the date hereof) and provide PanAmSat with their guaranties in the form set out in Appendix K. PanAmSat acknowledges and agrees that the guarantors under this Section 17.1 are third party beneficiaries of the provisions of this Section 17.1 regarding adjustments to guaranteed amounts and are entitled to enforce said provisions directly against PanAmSat. [***] Filed separately with the Commission pursuant to a request for confidential treatment.

The Guaranties. Each party's entry into this Agreement is expressly conditioned upon the contemporaneous execution and delivery to PanAmSat of the several guaranties of Globo, Televisa, TINTA, and News and TINTA (the "Original Current Guarantors") in the form set out in Appendix L. If said Guaranties are not executed and delivered to PanAmSat on the date of this Agreement, this Agreement shall be null and void. PanAmSat agrees that, if the [****************** ***************************************] in Customer is [*************] PanAmSat shall, subject to PanAmSat's prior written consent, not to be unreasonably withheld, conditioned or delayed, allow the [********************************* *******************] to reflect their interests by substituting for the [*****************************************] the guarantees of [************** ***********************************] (so that [******** ************** **************************************************] obligations of Customer under this Agreement), provided that the [**********************] are of [****************************************************************] (as of the date hereof) and provide PanAmSat with their guaranties in the form set out in Appendix K. L. PanAmSat acknowledges and agrees that the guarantors under this Section 17.1 are third party beneficiaries of the provisions of this Section 17.1 regarding adjustments to guaranteed amounts and are entitled to enforce said provisions directly against PanAmSat. [***] Filed separately with the Commission pursuant to a request for confidential treatment.

The Guaranties. Each party's entry into this Agreement is expressly conditioned upon the contemporaneous execution and delivery to PanAmSat of the several guaranties of TelevisaGlobo, News and TINTA (the "Original Current Guarantors") in the form set out in Appendix L. If said Guaranties are not executed and delivered to PanAmSat on the date of this Agreement, this Agreement shall be null and void. PanAmSat agrees that, if the [********************************************************] in Customer is Buyer is[**********] PanAmSat shall, subject to PanAmSat's prior written consent, not to be unreasonably withheld, conditioned or delayed, allow the [***********************************************] to reflect their interests by substituting for the [******************************] the guarantees of [**************************************] (so that [******** ********************************************* *******************] obligations of Customer Buyer under this Agreement), provided that the [*****************] are of [**********************************************************] (as of the date hereof) and provide PanAmSat with their guaranties in the form set out in Appendix K. L. PanAmSat acknowledges and agrees that the guarantors under this Section 17.1 are third party beneficiaries of the provisions of this Section 17.1 regarding adjustments to guaranteed amounts and are entitled to enforce said provisions directly against PanAmSat. [***] Filed separately with the Commission pursuant to a request for confidential treatment.

The Guaranties. Each party's entry into this Agreement is expressly conditioned upon the contemporaneous execution and delivery to PanAmSat of the several guaranties of Televisa, News and TINTA (the "Original Guarantors") in the form set out in Appendix L. If said Guaranties are not executed and delivered to PanAmSat on the date of this Agreement, this Agreement shall be null and void. PanAmSat agrees that, if the [********************************************************[ * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * ] in Customer is [**********] [ * * * * * * ], PanAmSat shall, subject to PanAmSat's prior written consent, not to be unreasonably withheld, conditioned or delayed, allow the [***********************************************[ * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * ] to reflect their interests by substituting for the [******************************[ * * * * * * * * * * * * * * * * * * ] the guarantees of [**************************************[ * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * ] (so that [*******[ * **************************************************************** * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * ] obligations of Customer under this Agreement), provided that the [*****************[ * * * * * * * * * * * * ] are of [**********************************************************[ * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * ] (as of the date hereof) and provide PanAmSat with their guaranties in the form set out in Appendix K. PanAmSat acknowledges and agrees that the guarantors under this Section 17.1 are third party beneficiaries of the provisions of this Section 17.1 regarding adjustments to guaranteed amounts and are entitled to enforce said provisions directly against PanAmSat. [***] Filed separately with the Commission pursuant to a request for confidential treatment.. adjustments to guaranteed amounts and are entitled to enforce said provisions directly against PanAmSat. Each of the parties has duly executed and delivered this Agreement as of the day and year first written above. PANAMSAT INTERNATIONAL SYSTEMS, INC. By:_________________________________ Name:____________________________ Title:___________________________ CORPORACION DE RADIO Y TELEVISION DEL NORTE DE MEXICO, S. A. DE C.V. By:_________________________________ Name:___________________________ Title:__________________________ LIST OF APPENDICES