GUARANTEEGuarantee • July 23rd, 2007 • Banco Bilbao Vizcaya Argentaria, S.A. • Commercial banks, nec
THIS GUARANTEE (the “Guarantee”), dated , 20___, is executed and delivered by Banco Bilbao Vizcaya Argentaria, S.A., a limited liability company (sociedad anónima) incorporated under the laws of the Kingdom of Spain (the “Bank” or the “Guarantor”) for the benefit of the Holders (as defined below).
