FUNDING GUARANTYFunding Guaranty • July 8th, 2009 • Assured Guaranty LTD • Surety insurance • New York
THIS FUNDING GUARANTY (this “Guaranty”), dated as of July 1, 2009 (the “Date of Issuance”), made by Dexia Crédit Local S.A., a French share company licensed as a bank under French law (the “Guarantor”), in favor of Financial Security Assurance Inc., a New York stock insurance company (“FSA”) and Financial Security Assurance International, Ltd. (“FSA International”, each of FSA and FSA International being referred to herein as a “Beneficiary”).
