GUARANTEE AGREEMENT by and between ARROW FINANCIAL CORPORATION and Dated as of July 23, 2003 GUARANTEE AGREEMENTGuarantee Agreement • November 14th, 2003 • Arrow Financial Corp • National commercial banks • New York
This GUARANTEE AGREEMENT (this “Guarantee”), dated as of July 23, 2003, is executed and delivered by Arrow Financial Corporation, a New York corporation (the “Guarantor”), and U.S. Bank National Association, a national banking association, organized under the laws of the United States of America, 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 Arrow Capital Statutory Trust II, a Connecticut statutory trust (the “Issuer”).
