Guarantee of Securities Clause Samples
The Guarantee of Securities clause establishes that a third party, often a parent company or affiliate, promises to fulfill the obligations associated with certain securities if the original issuer fails to do so. This guarantee typically applies to bonds, notes, or other financial instruments, ensuring that investors will receive payments of principal and interest even if the issuer defaults. By providing this additional assurance, the clause enhances investor confidence and can make the securities more attractive, effectively reducing the risk of loss for holders of the guaranteed securities.
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Guarantee of Securities. Section 1201.
Guarantee of Securities. 01Guarantee. Subject to this Article X, the Guarantors, by execution of this Indenture, jointly and severally, guarantee to each Holder, the Collateral Agent and to the Trustee (i) the due and punctual payment of the principal of, premium, if any, and interest on each Note, when and as the same shall become due and payable, whether on the Maturity Date, by acceleration or otherwise, the due and punctual payment of interest on the overdue principal of and interest on the Notes, to the extent lawful, and the due and punctual payment of all other obligations and due and punctual performance of all obligations of the Issuer to the Holders, the Collateral Agent or the Trustee all in accordance with the terms of such Note and this Indenture and the First Lien Notes Security Documents together with all other Obligations and (ii) in the case of any extension of time of payment or renewal of any Notes or any of such other obligations, that the same will be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, at stated maturity, by acceleration or otherwise, in each case, to the limitations set forth in Section 10.06. Each Guarantor, by execution of this Indenture, agrees that, subject only to the applicable provisions, if any, of Section 10.06, its obligations hereunder shall be absolute and unconditional, irrespective of the validity, regularity or enforceability of any such Note or this Indenture, any failure to enforce the provisions of any such Note or this Indenture, any waiver or consent with respect thereto by the Holder of such Note, or any other circumstances which may otherwise constitute a legal or equitable discharge of a surety or such Guarantor. Each Guarantor further agrees that its Note Guarantee herein constitutes a Guarantee of payment when due (and not a Guarantee of collection). Each Guarantor hereby waives (to the extent permitted by law) diligence, presentment, demand for payment, filing of claims with a court in the event of insolvency or bankruptcy of the Issuer, any right to require a proceeding first against the Issuer, protest or notice with respect to any such Note or the Indebtedness evidenced thereby and all demands whatsoever, and covenants that this Guarantee will not be discharged as to any such Note except by payment in full of the principal thereof and interest thereon. Each Guarantor hereby agrees that, as between such Guarantor, on the one hand, and the Holders and the Trustee, on...
Guarantee of Securities. SECTION 1601.
Guarantee of Securities. SECTION 13.01.
Guarantee of Securities. Guarantee.
Guarantee of Securities. Section 1401.
Guarantee of Securities. Each of the undersigned New Subsidiary Guarantors hereby unconditionally, jointly and severally, guarantees to each Holder of a Security authenticated and delivered by the Trustee and to the Trustee and its successors and assigns, the Securities or the obligations of the Company under the Indenture or thereunder in the manner provided in Section 11.1 of the Indenture and agrees to be bound by all the terms of Article Eleven of the Indenture.
Guarantee of Securities. Section 1401 Guarantee. Each Guarantor hereby jointly and severally and fully and unconditionally guarantees to each Holder of a Security authenticated and delivered by the Trustee hereunder, and to the Trustee on behalf of each such Holder, the due and punctual payment in full of the principal of and premium, if any, and interest on such Security when and as the same shall become due and payable, whether at the Stated Maturity, by declaration of acceleration, call for redemption or otherwise, and interest on the overdue principal and (to the extent permitted by law) interest, if any, on such Security (collectively, the “Obligations”), in accordance with the terms of such Security and this Indenture. If the Company shall fail to pay when due any Obligations, for whatever reason, each Guarantor shall be jointly and severally obligated to pay in cash the same promptly. An Event of Default under this Indenture or the Security of any series shall entitle the Holders of such Securities to accelerate the Obligations of the Guarantors hereunder in the same manner and to the same extent as the Obligations of the Company.
Guarantee of Securities. The provisions of Article Fourteen of the Base Indenture are deleted and replaced in their entirety by the provisions of Article Fifteen of this Supplemental Indenture. To the extent that the provisions of this Supplemental Indenture (including those referred to in clauses (a) through (n) above) conflict with any provision of the Base Indenture, the provisions of this Supplemental Indenture shall govern and be controlling, but solely with respect to the Notes (and any Notation of Guarantee endorsed thereon).
Guarantee of Securities. SECTION 1601. GUARANTEE. Any series of Securities may be guaranteed by one or more of the U.S. Guarantor, the Bermuda Guarantor and any other Guarantor. The terms and the form of any such Guarantee will be established in the manner contemplated by Section 301 for that particular series of Securities. ARTICLE SEVENTEEN