FORM OF TRUST PREFERRED SECURITIES GUARANTEE AGREEMENT HAWAIIAN ELECTRIC INDUSTRIES DATED AS OF __________Trust Preferred Securities Guarantee Agreement • November 5th, 2008 • Hawaiian Electric Industries Capital Trust Ii • Electric services • New York
This TRUST PREFERRED SECURITIES GUARANTEE AGREEMENT (this “Trust Guarantee”), dated as of , is executed and delivered by Hawaiian Electric Industries, Inc., a Hawaii corporation (the “Guarantor” or the “Company”), and U.S. Bank National Association, a national banking corporation, as trustee (the “Trust Guarantee Trustee”), for the benefit of the Holders (as defined herein) from time to time of the Trust Preferred Securities (as defined herein) of Hawaiian Electric Industries Capital Trust , a Delaware statutory trust (the “Trust”).
