SOVEREIGN CAPITAL TRUST VII CAPITAL SECURITIES GUARANTEE AGREEMENT SOVEREIGN BANCORP, INC. Dated as of ______, 200_Securities Guarantee Agreement • June 2nd, 2006 • Sovereign Capital Trust V • Savings institution, federally chartered • New York
This GUARANTEE AGREEMENT (the “Capital Securities Guarantee”), dated as of ___, 200_, is executed and delivered by Sovereign Bancorp, Inc., a Pennsylvania corporation (the “Guarantor”), and The Bank of New York, a New York banking corporation, as trustee (the “Capital Securities Guarantee Trustee”), for the benefit of the Holders (as defined herein) from time to time of the Capital Securities (as defined herein) of Sovereign Capital Trust VII, a Delaware statutory business trust (the “Issuer”).
