{"component": "clause", "props": {"groups": [{"snippet": "The Guarantor irrevocably and unconditionally agrees to pay in full to the Holders the Guarantee Payments (without duplication of amounts theretofore paid by the Issuer), as and when due, regardless of any defense, right of set-off or counterclaim that the Issuer may have or assert. The Guarantor's obligation to make a Guarantee Payment may be satisfied by direct payment of the required amounts by the Guarantor to the Holders or by causing the Issuer to pay such amounts to the Holders.", "size": 1529, "snippet_links": [{"key": "pay-in-full", "type": "definition", "offset": [56, 67]}, {"key": "the-holders", "type": "clause", "offset": [71, 82]}, {"key": "guarantee-payments", "type": "definition", "offset": [87, 105]}, {"key": "without-duplication", "type": "clause", "offset": [107, 126]}, {"key": "by-the-issuer", "type": "clause", "offset": [155, 168]}, {"key": "regardless-of-any", "type": "clause", "offset": [188, 205]}, {"key": "right-of-set", "type": "clause", "offset": [215, 227]}, {"key": "obligation-to", "type": "clause", "offset": [300, 313]}, {"key": "payment-of-the", "type": "clause", "offset": [366, 380]}, {"key": "required-amounts", "type": "clause", "offset": [381, 397]}, {"key": "by-the-guarantor", "type": "clause", "offset": [398, 414]}], "samples": [{"hash": "gRmgNQshU0G", "uri": "/contracts/gRmgNQshU0G#guarantee", "label": "Capital Securities Guarantee Agreement (Bank of America Corp /De/)", "score": 21.0, "published": true}, {"hash": "c1G8a3u8BGm", "uri": "/contracts/c1G8a3u8BGm#guarantee", "label": "Preferred Securities Guarantee Agreement (Protective Life Corp)", "score": 21.0, "published": true}, {"hash": "8yY4fG0xvVC", "uri": "/contracts/8yY4fG0xvVC#guarantee", "label": "Preferred Securities Guarantee Agreement (Protective Life Corp)", "score": 21.0, "published": true}], "hash": "8af3d9e8b90653d2d6671f062ea81a71", "id": 1}, {"snippet": "Subject to the provisions of this Article X, each Guarantor hereby fully, unconditionally and irrevocably guarantees, as primary obligor and not merely as surety, jointly and severally with each other Guarantor, to each Holder of the Securities, to the extent lawful, and the Trustee the full and punctual payment when due, whether at final maturity, by acceleration, by redemption or otherwise, of the Obligations. Each Guarantor agrees that the Obligations will rank equally in right of payment with other Indebtedness of such Guarantor, except to the extent such other Indebtedness is subordinate to the Obligations. Each Guarantor further agrees (to the extent permitted by law) that the Obligations may be extended or renewed, in whole or in part, without notice or further assent from it, and that it will remain bound under this Article X notwithstanding any extension or renewal of any Obligation. Each Guarantor waives presentation to, demand of payment from and protest to the Issuer of any of the Obligations and also waives notice of protest for nonpayment. Each Guarantor waives notice of any default under the Securities or the Obligations. Each Guarantor further agrees that its Guarantee herein constitutes a guarantee of payment when due (and not a guarantee of collection) and waives any right to require that any resort be had by any Holder to any security held for payment of the Obligations. Except as set forth in Section 10.2, the obligations of each Guarantor hereunder shall not be subject to any reduction, limitation, impairment or termination for any reason (other than payment of the Obligations in full), including any claim of waiver, release, surrender, alteration or compromise, and shall not be subject to any defense of setoff, counterclaim, recoupment or termination whatsoever or by reason of the invalidity, illegality or unenforceability of the Obligations or otherwise. Without limiting the generality of the foregoing, the obligations of each Guarantor herein shall not be discharged or impaired or otherwise affected by (a) the failure of any Holder to assert any claim or demand or to enforce any right or remedy against the Issuer or any other person under this Indenture, the Securities or any other agreement or otherwise; (b) any extension or renewal of any thereof; (c) any rescission, waiver, amendment or modification of any of the terms or provisions of this Indenture, the Securities or any other agreement; (d) the release of any security held by any Holder for the Obligations or any of them; (e) the failure of any Holder to exercise any right or remedy against any other Guarantor; (f) any change in the ownership of the Issuer; (g) any default, failure or delay, willful or otherwise, in the performance of the Obligations; or (h) any other act or thing or omission or delay to do any other act or thing which may or might in any manner or to any extent vary the risk of any Guarantor or would otherwise operate as a discharge of such Guarantor as a matter of law or equity. Each Guarantor agrees that its Guarantee herein shall remain in full force and effect until payment in full of all the Obligations or such Guarantor is released from its Guarantee upon the merger or the sale of all the Capital Stock or assets of the Guarantor or otherwise in compliance with Section 4.1, Section 10.2 or Article VIII, as applicable. Each Guarantor further agrees that its Guarantee herein shall continue to be effective or be reinstated, as the case may be, if at any time payment, or any part thereof, of principal of, premium, if any, or interest on any of the Obligations is rescinded or must otherwise be restored by any Holder upon the bankruptcy or reorganization of the Issuer or otherwise. In furtherance of the foregoing and not in limitation of any other right which any Holder has at law or in equity against any Guarantor by virtue hereof, upon the failure of the Issuer to pay any of the Obligations when and as the same shall become due, whether at final maturity, by acceleration, by redemption or otherwise, each Guarantor hereby promises to and will, upon receipt of written demand by the Trustee, forthwith pay, or cause to be paid, in cash, to the Trustee or the Trustee on behalf of the Holders an amount equal to the sum of (i) the unpaid amount of such Obligations then due and owing and (ii) accrued and unpaid interest (including Additional Interest) on such Obligations then due and owing (but only to the extent not prohibited by law). Each Guarantor further agrees that, as between such Guarantor, on the one hand, and the Holders, on the other hand, (x) the maturity of the Obligations guaranteed hereby may be accelerated as provided in this Indenture for the purposes of its Guarantee herein, notwithstanding any stay, injunction or other prohibition preventing such acceleration in respect of the Obligations guaranteed hereby and (y) in the event of any such declaration of acceleration of such Obligations, such Obligations (whether or not due and payable) shall forthwith become due and payable by the Guarantor for the purposes of this Guarantee. Each Guarantor also agrees to pay any and all reasonable costs and expenses (including reasonable attorneys\u2019 fees) incurred by the Trustee or the Holders in enforcing any rights under this Section. Neither the Issuer nor the Guarantors shall be required to make a notation on the Securities to reflect any Guarantee or any release, termination or discharge thereof and any such notation shall not be a condition to the validity of any Guarantee.", "size": 934, "snippet_links": [{"key": "article-x", "type": "definition", "offset": [34, 43]}, {"key": "guarantor-hereby", "type": "clause", "offset": [50, 66]}, {"key": "primary-obligor", "type": "clause", "offset": [121, 136]}, {"key": "jointly-and-severally", "type": "clause", "offset": [163, 184]}, {"key": "other-guarantor", "type": "definition", "offset": [195, 210]}, {"key": "the-securities", "type": "definition", "offset": [230, 244]}, {"key": "payment-when-due", "type": "clause", "offset": [306, 322]}, {"key": "final-maturity", "type": "definition", "offset": [335, 349]}, {"key": "right-of-payment", "type": "clause", "offset": [480, 496]}, {"key": "indebtedness-of", "type": "clause", "offset": [508, 523]}, {"key": "except-to-the-extent", "type": "clause", "offset": [540, 560]}, {"key": "to-the-extent-permitted-by-law", "type": "clause", "offset": [651, 681]}, {"key": "without-notice", "type": "definition", "offset": [753, 767]}, {"key": "extension-or-renewal", "type": "clause", "offset": [866, 886]}, {"key": "guarantor-waives", "type": "clause", "offset": [911, 927]}, {"key": "demand-of-payment", "type": "clause", "offset": [945, 962]}, {"key": "notice-of-protest", "type": "definition", "offset": [1036, 1053]}, {"key": "notice-of-any", "type": "clause", "offset": [1092, 1105]}, {"key": "default-under", "type": "clause", "offset": [1106, 1119]}, {"key": "guarantee-of-payment", "type": "definition", "offset": [1225, 1245]}, {"key": "guarantee-of-collection", "type": "definition", "offset": [1266, 1289]}, {"key": "right-to", "type": "definition", "offset": [1306, 1314]}, {"key": "security-held", "type": "definition", "offset": [1367, 1380]}, {"key": "payment-of-the-obligations", "type": "clause", "offset": [1385, 1411]}, {"key": "obligations-of-each", "type": "clause", "offset": [1454, 1473]}, {"key": "termination-for-any-reason", "type": "clause", "offset": [1559, 1585]}, {"key": "illegality-or-unenforceability", "type": "clause", "offset": [1846, 1876]}, {"key": "without-limiting-the-generality-of-the-foregoing", "type": "clause", "offset": [1910, 1958]}, {"key": "affected-by", "type": "definition", "offset": [2050, 2061]}, {"key": "claim-or-demand", "type": "definition", "offset": [2106, 2121]}, {"key": "right-or-remedy", "type": "clause", "offset": [2140, 2155]}, {"key": "any-other-person", "type": "definition", "offset": [2178, 2194]}, {"key": "agreement-or", "type": "definition", "offset": [2245, 2257]}, {"key": "modification-of", "type": "clause", "offset": [2355, 2370]}, {"key": "the-terms", "type": "definition", "offset": [2378, 2387]}, {"key": "release-of", "type": "clause", "offset": [2468, 2478]}, {"key": "to-exercise", "type": "clause", "offset": [2577, 2588]}, {"key": "ownership-of-the-issuer", "type": "clause", "offset": [2660, 2683]}, {"key": "failure-or-delay", "type": "clause", "offset": [2702, 2718]}, {"key": "performance-of-the-obligations", "type": "clause", "offset": [2749, 2779]}, {"key": "the-risk", "type": "clause", "offset": [2916, 2924]}, {"key": "full-force-and-effect", "type": "definition", "offset": [3096, 3117]}, {"key": "payment-in-full", "type": "definition", "offset": [3124, 3139]}, {"key": "the-merger", "type": "clause", "offset": [3217, 3227]}, {"key": "sale-of-all", "type": "clause", "offset": [3235, 3246]}, {"key": "the-capital-stock", "type": "clause", "offset": [3247, 3264]}, {"key": "section-41", "type": "clause", "offset": [3324, 3335]}, {"key": "article-viii", "type": "clause", "offset": [3353, 3365]}, {"key": "continue-to-be-effective", "type": "clause", "offset": [3444, 3468]}, {"key": "the-case", "type": "definition", "offset": [3490, 3498]}, {"key": "time-payment", "type": "clause", "offset": [3517, 3529]}, {"key": "principal-of", "type": "definition", "offset": [3555, 3567]}, {"key": "interest-on-any", "type": "clause", "offset": [3589, 3604]}, {"key": "bankruptcy-or-reorganization", "type": "clause", "offset": [3690, 3718]}, {"key": "limitation-of", "type": "clause", "offset": [3790, 3803]}, {"key": "failure-of-the", "type": "clause", "offset": [3910, 3924]}, {"key": "to-pay", "type": "clause", "offset": [3932, 3938]}, {"key": "upon-receipt-of", "type": "definition", "offset": [4117, 4132]}, {"key": "written-demand", "type": "definition", "offset": [4133, 4147]}, {"key": "by-the-trustee", "type": "clause", "offset": [4148, 4162]}, {"key": "to-the-trustee", "type": "clause", "offset": [4209, 4223]}, {"key": "on-behalf-of", "type": "definition", "offset": [4239, 4251]}, {"key": "the-holders", "type": "clause", "offset": [4252, 4263]}, {"key": "equal-to", "type": "definition", "offset": [4274, 4282]}, {"key": "sum-of", "type": "clause", "offset": [4287, 4293]}, {"key": "unpaid-amount", "type": "definition", "offset": [4302, 4315]}, {"key": "due-and-owing", "type": "definition", "offset": [4341, 4354]}, {"key": "accrued-and-unpaid-interest", "type": "definition", "offset": [4364, 4391]}, {"key": "additional-interest", "type": "definition", "offset": [4403, 4422]}, {"key": "prohibited-by-law", "type": "clause", "offset": [4491, 4508]}, {"key": "the-other-hand", "type": "clause", "offset": [4611, 4625]}, {"key": "obligations-guaranteed", "type": "clause", "offset": [4651, 4673]}, {"key": "for-the-purposes-of", "type": "clause", "offset": [4730, 4749]}, {"key": "in-respect-of", "type": "definition", "offset": [4859, 4872]}, {"key": "in-the-event-of", "type": "definition", "offset": [4915, 4930]}, {"key": "declaration-of-acceleration", "type": "definition", "offset": [4940, 4967]}, {"key": "due-and-payable", "type": "definition", "offset": [5022, 5037]}, {"key": "by-the-guarantor", "type": "clause", "offset": [5078, 5094]}, {"key": "agrees-to", "type": "clause", "offset": [5151, 5160]}, {"key": "reasonable-costs-and-expenses", "type": "definition", "offset": [5177, 5206]}, {"key": "reasonable-attorneys", "type": "definition", "offset": [5218, 5238]}, {"key": "rights-under-this-section", "type": "clause", "offset": [5302, 5327]}, {"key": "the-guarantors", "type": "clause", "offset": [5352, 5366]}, {"key": "termination-or-discharge", "type": "clause", "offset": [5463, 5487]}], "samples": [{"hash": "2oi03BP920W", "uri": "/contracts/2oi03BP920W#guarantee", "label": "Indenture (ANTERO RESOURCES Corp)", "score": 24.8494186401, "published": true}, {"hash": "bNCvSDRHgWX", "uri": "/contracts/bNCvSDRHgWX#guarantee", "label": "Indenture (Antero Resources LLC)", "score": 23.8856945038, "published": true}, {"hash": "daGJhj7PLdt", "uri": "/contracts/daGJhj7PLdt#guarantee", "label": "Indenture (Antero Resources LLC)", "score": 23.2751541138, "published": true}], "hash": "c7e61c7dce0f68fc62f8b16b45ea9ce6", "id": 3}, {"snippet": "(a) The Guarantor irrevocably and unconditionally agrees to pay in full to the Holders the Guarantee Payments (without duplication of amounts theretofore paid by the Issuer), as and when due, regardless of any defense (except the defense of payment by the Issuer), right of set-off or counterclaim that the Issuer may have or assert. The Guarantor\u2019s obligation to make a Guarantee Payment may be satisfied by direct payment of the required amounts by the Guarantor to the Holders or by causing the Issuer to pay such amounts to the Holders.\n(b) The Guarantor hereby also agrees to assume any and all Obligations of the Issuer and in the event any such Obligation is not so assumed, subject to the terms and conditions hereof, the Guarantor hereby irrevocably and unconditionally guarantees to each Beneficiary the full payment, when and as due, of any and all Obligations to such Beneficiaries. This Guarantee is intended to be for the benefit of, and to be enforceable by, all such Beneficiaries, whether or not such Beneficiaries have received notice hereof.", "size": 518, "snippet_links": [{"key": "pay-in-full", "type": "definition", "offset": [60, 71]}, {"key": "the-holders", "type": "clause", "offset": [75, 86]}, {"key": "guarantee-payments", "type": "definition", "offset": [91, 109]}, {"key": "without-duplication", "type": "clause", "offset": [111, 130]}, {"key": "by-the-issuer", "type": "clause", "offset": [159, 172]}, {"key": "regardless-of-any", "type": "clause", "offset": [192, 209]}, {"key": "payment-by-the", "type": "clause", "offset": [241, 255]}, {"key": "right-of-set", "type": "clause", "offset": [265, 277]}, {"key": "obligation-to", "type": "clause", "offset": [350, 363]}, {"key": "payment-of-the", "type": "clause", "offset": [416, 430]}, {"key": "required-amounts", "type": "clause", "offset": [431, 447]}, {"key": "by-the-guarantor", "type": "clause", "offset": [448, 464]}, {"key": "guarantor-hereby", "type": "clause", "offset": [549, 565]}, {"key": "to-assume", "type": "clause", "offset": [578, 587]}, {"key": "obligations-of-the-issuer", "type": "clause", "offset": [600, 625]}, {"key": "in-the-event", "type": "clause", "offset": [630, 642]}, {"key": "the-terms-and-conditions", "type": "definition", "offset": [693, 717]}, {"key": "full-payment", "type": "definition", "offset": [814, 826]}, {"key": "for-the-benefit-of", "type": "definition", "offset": [928, 946]}], "samples": [{"hash": "8TYenpcH7Ia", "uri": "/contracts/8TYenpcH7Ia#guarantee", "label": "Guarantee Agreement (Bancfirst Corp /Ok/)", "score": 26.8453121185, "published": true}, {"hash": "a7t6BOhyFci", "uri": "/contracts/a7t6BOhyFci#guarantee", "label": "Guarantee Agreement (Pathfinder Bancorp, Inc.)", "score": 25.8049278259, "published": true}, {"hash": "5eCXHHotqB0", "uri": "/contracts/5eCXHHotqB0#guarantee", "label": "Guarantee Agreement (Great Western Bancorp, Inc.)", "score": 25.7310066223, "published": true}], "hash": "a87eb5da73dec4a9b016e7fbf98099a5", "id": 7}, {"snippet": "(a) The Guarantor hereby unconditionally and irrevocably, guarantees to the Administrative Agent, for the ratable benefit of the Lenders, and their respective successors, indorsees, transferees and assigns, the prompt and complete payment and performance by the Borrower when due (whether at the stated maturity, by acceleration or otherwise) of the Obligations.\n(b) Anything herein or in any other Loan Document to the contrary notwithstanding, the maximum liability of the Guarantor hereunder and under the other Loan Documents shall in no event exceed the amount which can be guaranteed by the Guarantor under applicable federal and state laws relating to the insolvency of debtors.\n(c) The Guarantor agrees that the Obligations may at any time and from time to time exceed the amount of the liability of the Guarantor hereunder without impairing the guarantee contained in this Section 7 or affecting the rights and remedies of the Administrative Agent or any Lender hereunder.\n(d) The guarantee contained in this Section 7 shall remain in full force and effect until all the Obligations (other than contingent indemnification obligations for which no claim has been made) and the obligations of the Guarantor under the guarantee contained in this Section 7 shall have been satisfied by payment in full and the Commitments shall be terminated, notwithstanding that from time to time during the term of this Agreement the Borrower may be free from any Obligations.\n(e) No payment made by the Borrower, the Guarantor or any other Person or received or collected by the Administrative Agent or any Lender from the Borrower, the Guarantor or any other Person by virtue of any action or proceeding or any set-off or appropriation or application at any time or from time to time in reduction of or in payment of the Obligations shall be deemed to modify, reduce, release or otherwise affect the liability of the Guarantor hereunder which shall, notwithstanding any such payment (other than any payment made by the Guarantor in respect of the Obligations or any payment received or collected from the Guarantor in respect of the Obligations), remain liable for the Obligations up to the maximum liability of the Guarantor hereunder until the Obligations are paid in full and the Commitments are terminated.", "size": 571, "snippet_links": [{"key": "guarantor-hereby", "type": "clause", "offset": [8, 24]}, {"key": "benefit-of-the-lenders", "type": "clause", "offset": [114, 136]}, {"key": "performance-by-the-borrower", "type": "clause", "offset": [243, 270]}, {"key": "stated-maturity", "type": "clause", "offset": [296, 311]}, {"key": "liability-of-the-guarantor", "type": "clause", "offset": [458, 484]}, {"key": "other-loan-documents", "type": "definition", "offset": [509, 529]}, {"key": "in-no-event", "type": "clause", "offset": [536, 547]}, {"key": "by-the-guarantor", "type": "clause", "offset": [590, 606]}, {"key": "applicable-federal-and-state-laws", "type": "clause", "offset": [613, 646]}, {"key": "relating-to", "type": "definition", "offset": [647, 658]}, {"key": "the-guarantor-agrees", "type": "clause", "offset": [690, 710]}, {"key": "at-any-time", "type": "clause", "offset": [736, 747]}, {"key": "from-time-to-time", "type": "clause", "offset": [752, 769]}, {"key": "the-liability-of-the", "type": "clause", "offset": [791, 811]}, {"key": "the-guarantee", "type": "clause", "offset": [850, 863]}, {"key": "contained-in", "type": "definition", "offset": [864, 876]}, {"key": "this-section-7", "type": "clause", "offset": [877, 891]}, {"key": "rights-and-remedies-of-the-administrative-agent", "type": "clause", "offset": [909, 956]}, {"key": "lender-hereunder", "type": "clause", "offset": [964, 980]}, {"key": "full-force-and-effect", "type": "definition", "offset": [1044, 1065]}, {"key": "contingent-indemnification-obligations", "type": "definition", "offset": [1104, 1142]}, {"key": "no-claim", "type": "definition", "offset": [1153, 1161]}, {"key": "obligations-of-the-guarantor", "type": "clause", "offset": [1185, 1213]}, {"key": "payment-in-full", "type": "definition", "offset": [1291, 1306]}, {"key": "the-commitments", "type": "clause", "offset": [1311, 1326]}, {"key": "during-the-term-of-this-agreement", "type": "clause", "offset": [1387, 1420]}, {"key": "no-payment", "type": "clause", "offset": [1472, 1482]}, {"key": "any-other-person", "type": "definition", "offset": [1522, 1538]}, {"key": "action-or-proceeding", "type": "definition", "offset": [1676, 1696]}, {"key": "reduction-of", "type": "clause", "offset": [1780, 1792]}, {"key": "obligations-shall", "type": "definition", "offset": [1814, 1831]}, {"key": "in-respect-of", "type": "definition", "offset": [2022, 2035]}, {"key": "payment-received", "type": "clause", "offset": [2059, 2075]}, {"key": "paid-in-full", "type": "clause", "offset": [2255, 2267]}], "samples": [{"hash": "bXSjgdwpoXy", "uri": "/contracts/bXSjgdwpoXy#guarantee", "label": "Credit Agreement (Investment Technology Group, Inc.)", "score": 25.2053394318, "published": true}, {"hash": "bK7hmRch3lY", "uri": "/contracts/bK7hmRch3lY#guarantee", "label": "Credit Agreement (Investment Technology Group, Inc.)", "score": 25.1601638794, "published": true}, {"hash": "g2VfNGSPHUb", "uri": "/contracts/g2VfNGSPHUb#guarantee", "label": "Credit Agreement (Investment Technology Group, Inc.)", "score": 23.4626960754, "published": true}], "hash": "65bea6cd72ab62deef54eca1f608f711", "id": 5}, {"snippet": "The payment of principal of, and premium and interest on, the Notes will be fully and unconditionally guaranteed by the Parent Guarantor. The Notes shall not be guaranteed initially by any of the Issuer\u2019s Subsidiaries. Subject to this Article X, after the Issue Date, each Restricted Subsidiary that guarantees or incurs certain Indebtedness, but only under the conditions described under Section 4.14, shall jointly and severally, fully and unconditionally guarantee to each Holder of a Note authenticated and delivered by the Trustee and to the Trustee and its successors and assigns, irrespective of the validity and enforceability of this Indenture, the Notes or the obligations of the Issuer under this Indenture or thereunder: (a) the performance and full and punctual payment when due, whether at maturity, by acceleration or otherwise, of all obligations of the Issuer under this Indenture and the Notes, whether for payment of principal of, premium or interest on the Notes, expenses, indemnification or otherwise, on the terms set forth in this Indenture; and (b) in case of any extension of time of payment or renewal of any Notes or any of such other obligations, that same shall be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, whether at stated maturity, by acceleration or otherwise. Failing payment when due of any amount so guaranteed or any performance so guaranteed for whatever reason, the Guarantors shall be jointly and severally obligated to pay the same immediately. Each Guarantor agrees that this is a guarantee of payment and not a guarantee of collection. The Guarantors hereby agree that their obligations under this Indenture shall be unconditional, irrespective of the validity, regularity or enforceability of the Notes or this Indenture, the absence of any action to enforce the same, any waiver or consent by any Holder of the Notes with respect to any provisions hereof or thereof, the recovery of any judgment against the Issuer, any action to enforce the same or any other circumstance which might otherwise constitute a legal or equitable discharge or defense of a Guarantor. Each Guarantor hereby waives diligence, presentment, demand of 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, notice and all demands whatsoever and covenants that this Guarantee shall not be discharged except by complete performance of the obligations contained in the Notes and this Indenture. If any Holder or the Trustee is required by any court or otherwise to return to the Issuer, the Guarantors or any custodian, trustee, liquidator or other similar official acting in relation to either the Issuer or the Guarantors, any amount paid either to the Trustee or such Holder, this Guarantee, to the extent theretofore discharged, shall be reinstated in full force and effect. Each Guarantor also agrees to pay any and all reasonable and documented out-of-pocket costs and expenses (including reasonable and documented out-of-pocket attorneys\u2019 fees and expenses) incurred by the Trustee or any Holder in enforcing any rights under this Section 10.01. Each Guarantor further agrees that, as between the Guarantors, on the one hand, and the Holders and the Trustee, on the other hand, (x) the maturity of the obligations guaranteed hereby may be accelerated as provided in Article VI for the purposes of this Guarantee, notwithstanding any stay, injunction or other prohibition preventing such acceleration in respect of the obligations guaranteed hereby, and (y) in the event of any declaration of acceleration of such obligations as provided in Article VI, such obligations (whether or not due and payable) shall forthwith become due and payable by the Guarantors for the purpose of this Guarantee. Each Guarantor that makes a payment for distribution under its Guarantee shall be entitled to a contribution from each other Guarantor in a pro rata amount based on adjusted net assets of each Guarantor. Each Guarantee shall remain in full force and effect and continue to be effective should any petition be filed by or against the Issuer for liquidation, reorganization, should the Issuer become insolvent or make an assignment for the benefit of creditors or should a receiver or trustee be appointed for all or any significant part of the Issuer\u2019s assets, and shall, to the fullest extent permitted by law, continue to be effective or be reinstated, as the case may be, if at any time payment and performance of the Notes are, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee on the Notes or Guarantees, whether as a voidable preference, fraudulent transfer or otherwise, all as though such payment or performance had not been made. In the event that any payment or any part thereof, is rescinded, reduced, restored or returned, the Notes shall, to the fullest extent permitted by law, be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned. In case any provision of any Guarantee shall be invalid, illegal or unenforceable, the validity, legality, and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. Each payment to be made by a Guarantor in respect of its Guarantee shall be made without set-off, counterclaim, reduction or diminution of any kind or nature.", "size": 549, "snippet_links": [{"key": "principal-of", "type": "definition", "offset": [15, 27]}, {"key": "premium-and-interest", "type": "clause", "offset": [33, 53]}, {"key": "parent-guarantor", "type": "definition", "offset": [120, 136]}, {"key": "be-guaranteed", "type": "clause", "offset": [158, 171]}, {"key": "subject-to", "type": "definition", "offset": [219, 229]}, {"key": "article-x", "type": "definition", "offset": [235, 244]}, {"key": "after-the-issue-date", "type": "clause", "offset": [246, 266]}, {"key": "restricted-subsidiary", "type": "clause", "offset": [273, 294]}, {"key": "certain-indebtedness", "type": "clause", "offset": [321, 341]}, {"key": "the-conditions", "type": "clause", "offset": [358, 372]}, {"key": "jointly-and-severally", "type": "clause", "offset": [409, 430]}, {"key": "a-note", "type": "definition", "offset": [486, 492]}, {"key": "by-the-trustee", "type": "clause", "offset": [521, 535]}, {"key": "to-the-trustee", "type": "clause", "offset": [540, 554]}, {"key": "successors-and-assigns", "type": "definition", "offset": [563, 585]}, {"key": "irrespective-of-the", "type": "clause", "offset": [587, 606]}, {"key": "validity-and-enforceability", "type": "clause", "offset": [607, 634]}, {"key": "obligations-of-the-issuer", "type": "clause", "offset": [671, 696]}, {"key": "the-performance", "type": "clause", "offset": [737, 752]}, {"key": "payment-when-due", "type": "clause", "offset": [775, 791]}, {"key": "at-maturity", "type": "clause", "offset": [801, 812]}, {"key": "all-obligations", "type": "clause", "offset": [847, 862]}, {"key": "indenture-and-the-notes", "type": "clause", "offset": [888, 911]}, {"key": "for-payment", "type": "clause", "offset": [921, 932]}, {"key": "interest-on-the-notes", "type": "clause", "offset": [961, 982]}, {"key": "the-terms", "type": "definition", "offset": [1027, 1036]}, {"key": "in-case-of", "type": "clause", "offset": [1074, 1084]}, {"key": "time-of-payment", "type": "clause", "offset": [1102, 1117]}, {"key": "other-obligations", "type": "definition", "offset": [1157, 1174]}, {"key": "paid-in-full", "type": "clause", "offset": [1204, 1216]}, {"key": "in-accordance-with", "type": "definition", "offset": [1239, 1257]}, {"key": "extension-or-renewal", "type": "clause", "offset": [1275, 1295]}, {"key": "stated-maturity", "type": "clause", "offset": [1308, 1323]}, {"key": "the-guarantors", "type": "clause", "offset": [1462, 1476]}, {"key": "to-pay", "type": "clause", "offset": [1518, 1524]}, {"key": "guarantee-of-payment", "type": "definition", "offset": [1584, 1604]}, {"key": "guarantee-of-collection", "type": "definition", "offset": [1615, 1638]}, {"key": "enforceability-of-the-notes", "type": "clause", "offset": [1780, 1807]}, {"key": "any-action", "type": "definition", "offset": [1842, 1852]}, {"key": "waiver-or-consent", "type": "clause", "offset": [1878, 1895]}, {"key": "with-respect-to", "type": "clause", "offset": [1923, 1938]}, {"key": "recovery-of", "type": "clause", "offset": [1977, 1988]}, {"key": "judgment-against-the-issuer", "type": "clause", "offset": [1993, 2020]}, {"key": "discharge-or", "type": "clause", "offset": [2133, 2145]}, {"key": "guarantor-hereby-waives", "type": "clause", "offset": [2175, 2198]}, {"key": "demand-of-payment", "type": "clause", "offset": [2223, 2240]}, {"key": "filing-of-claims", "type": "clause", "offset": [2242, 2258]}, {"key": "bankruptcy-of-the-issuer", "type": "clause", "offset": [2302, 2326]}, {"key": "right-to", "type": "definition", "offset": [2332, 2340]}, {"key": "and-covenants", "type": "clause", "offset": [2431, 2444]}, {"key": "performance-of-the-obligations", "type": "clause", "offset": [2508, 2538]}, {"key": "contained-in", "type": "definition", "offset": [2539, 2551]}, {"key": "required-by", "type": "definition", "offset": [2614, 2625]}, {"key": "return-to", "type": "clause", "offset": [2652, 2661]}, {"key": "in-relation-to", "type": "clause", "offset": [2760, 2774]}, {"key": "amount-paid", "type": "definition", "offset": [2816, 2827]}, {"key": "to-the-extent", "type": "clause", "offset": [2882, 2895]}, {"key": "full-force-and-effect", "type": "definition", "offset": [2943, 2964]}, {"key": "agrees-to", "type": "clause", "offset": [2986, 2995]}, {"key": "costs-and-expenses", "type": "definition", "offset": [3052, 3070]}, {"key": "fees-and-expenses", "type": "clause", "offset": [3133, 3150]}, {"key": "rights-under-this-section", "type": "clause", "offset": [3207, 3232]}, {"key": "the-holders", "type": "clause", "offset": [3324, 3335]}, {"key": "the-other-hand", "type": "clause", "offset": [3356, 3370]}, {"key": "obligations-guaranteed", "type": "clause", "offset": [3396, 3418]}, {"key": "article-vi", "type": "definition", "offset": [3460, 3470]}, {"key": "for-the-purposes-of", "type": "clause", "offset": [3471, 3490]}, {"key": "in-respect-of", "type": "definition", "offset": [3594, 3607]}, {"key": "declaration-of-acceleration", "type": "definition", "offset": [3671, 3698]}, {"key": "due-and-payable", "type": "definition", "offset": [3779, 3794]}, {"key": "for-the-purpose-of-this", "type": "clause", "offset": [3853, 3876]}, {"key": "for-distribution", "type": "clause", "offset": [3924, 3940]}, {"key": "a-contribution", "type": "clause", "offset": [3982, 3996]}, {"key": "other-guarantor", "type": "definition", "offset": [4007, 4022]}, {"key": "pro-rata-amount", "type": "definition", "offset": [4028, 4043]}, {"key": "based-on", "type": "definition", "offset": [4044, 4052]}, {"key": "adjusted-net-assets", "type": "definition", "offset": [4053, 4072]}, {"key": "continue-to-be-effective", "type": "clause", "offset": [4149, 4173]}, {"key": "assignment-for-the-benefit-of-creditors", "type": "clause", "offset": [4307, 4346]}, {"key": "receiver-or-trustee", "type": "clause", "offset": [4359, 4378]}, {"key": "significant-part", "type": "definition", "offset": [4407, 4423]}, {"key": "to-the-fullest-extent-permitted-by-law", "type": "clause", "offset": [4459, 4497]}, {"key": "the-case", "type": "definition", "offset": [4545, 4553]}, {"key": "payment-and-performance", "type": "clause", "offset": [4577, 4600]}, {"key": "the-notes-are", "type": "definition", "offset": [4604, 4617]}, {"key": "applicable-law", "type": "definition", "offset": [4631, 4645]}, {"key": "fraudulent-transfer", "type": "clause", "offset": [4798, 4817]}, {"key": "payment-or-performance", "type": "clause", "offset": [4851, 4873]}, {"key": "provision-of", "type": "clause", "offset": [5169, 5181]}, {"key": "illegal-or-unenforceable", "type": "clause", "offset": [5214, 5238]}, {"key": "remaining-provisions", "type": "clause", "offset": [5290, 5310]}, {"key": "payment-to", "type": "clause", "offset": [5370, 5380]}], "samples": [{"hash": "3VgEb6PpXNO", "uri": "/contracts/3VgEb6PpXNO#guarantee", "label": "Indenture (FTAI Aviation Ltd.)", "score": 35.7707061768, "published": true}, {"hash": "gqh0V8pQUij", "uri": "/contracts/gqh0V8pQUij#guarantee", "label": "Indenture (FTAI Aviation Ltd.)", "score": 35.4585914612, "published": true}, {"hash": "gQtJsxLia5L", "uri": "/contracts/gQtJsxLia5L#guarantee", "label": "Indenture (FTAI Aviation Ltd.)", "score": 35.2751541138, "published": true}], "hash": "a758f857d709f4cb372a2ef6c6332e49", "id": 6}, {"snippet": "(i) The Guarantors hereby, jointly and severally, unconditionally and irrevocably, guarantee to the Purchasers and their respective successors, indorsees, transferees and assigns, the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of the Obligations.\n(ii) Anything herein or in any other Transaction Document to the contrary notwithstanding, the maximum liability of each Guarantor hereunder and under the other Transaction Documents shall in no event exceed the amount which can be guaranteed by such Guarantor under applicable federal and state laws, including laws relating to the insolvency of debtors, fraudulent conveyance or transfer or laws affecting the rights of creditors generally (after giving effect to the right of contribution established in Section 2(b)).\n(iii) Each Guarantor agrees that the Obligations may at any time and from time to time exceed the amount of the liability of such Guarantor hereunder without impairing the guarantee contained in this Section 2 or affecting the rights and remedies of the Purchasers hereunder.\n(iv) The guarantee contained in this Section 2 shall remain in full force and effect until all the Obligations and the obligations of each Guarantor under the guarantee contained in this Section 2 shall have been satisfied by indefeasible payment in full.\n(v) No payment made by the Company, any of the Guarantors, any other guarantor or any other Person or received or collected by the Purchasers from the Company, any of the Guarantors, any other guarantor or any other Person by virtue of any action or proceeding or any set-off or appropriation or application at any time or from time to time in reduction of or in payment of the Obligations shall be deemed to modify, reduce, release or otherwise affect the liability of any Guarantor hereunder which shall, notwithstanding any such payment (other than any payment made by such Guarantor in respect of the Obligations or any payment received or collected from such Guarantor in respect of the Obligations), remain liable for the Obligations up to the maximum liability of such Guarantor hereunder until the Obligations are indefeasibly paid in full.\n(vi) Notwithstanding anything to the contrary in this Guarantee, with respect to any defaulted non-monetary Obligations the specific performance of which by the Guarantors is not reasonably possible (e.g. the issuance of the Company's Common Stock), the Guarantors shall only be liable for making the Purchasers whole on a monetary basis for the Company's failure to perform such Obligations in accordance with the Transaction Documents.", "size": 713, "snippet_links": [{"key": "the-guarantors", "type": "clause", "offset": [4, 18]}, {"key": "jointly-and-severally", "type": "clause", "offset": [27, 48]}, {"key": "to-the-purchasers", "type": "clause", "offset": [93, 110]}, {"key": "payment-and-performance", "type": "clause", "offset": [204, 227]}, {"key": "stated-maturity", "type": "clause", "offset": [253, 268]}, {"key": "liability-of-each-guarantor", "type": "clause", "offset": [423, 450]}, {"key": "other-transaction-documents", "type": "definition", "offset": [475, 502]}, {"key": "in-no-event", "type": "clause", "offset": [509, 520]}, {"key": "guaranteed-by", "type": "clause", "offset": [552, 565]}, {"key": "applicable-federal-and-state-laws", "type": "clause", "offset": [587, 620]}, {"key": "relating-to", "type": "definition", "offset": [637, 648]}, {"key": "fraudulent-conveyance-or-transfer", "type": "clause", "offset": [676, 709]}, {"key": "the-rights-of-creditors", "type": "clause", "offset": [728, 751]}, {"key": "after-giving", "type": "clause", "offset": [763, 775]}, {"key": "right-of-contribution", "type": "clause", "offset": [790, 811]}, {"key": "at-any-time", "type": "clause", "offset": [895, 906]}, {"key": "from-time-to-time", "type": "clause", "offset": [911, 928]}, {"key": "the-liability-of", "type": "clause", "offset": [950, 966]}, {"key": "the-guarantee", "type": "clause", "offset": [1010, 1023]}, {"key": "contained-in", "type": "definition", "offset": [1024, 1036]}, {"key": "this-section-2", "type": "clause", "offset": [1037, 1051]}, {"key": "of-the-purchasers", "type": "clause", "offset": [1089, 1106]}, {"key": "full-force-and-effect", "type": "definition", "offset": [1181, 1202]}, {"key": "obligations-of-each", "type": "clause", "offset": [1237, 1256]}, {"key": "payment-in-full", "type": "definition", "offset": [1357, 1372]}, {"key": "no-payment", "type": "clause", "offset": [1378, 1388]}, {"key": "by-the-company", "type": "clause", "offset": [1394, 1408]}, {"key": "other-guarantor", "type": "definition", "offset": [1437, 1452]}, {"key": "any-other-person", "type": "definition", "offset": [1456, 1472]}, {"key": "by-the-purchasers", "type": "clause", "offset": [1498, 1515]}, {"key": "from-the-company", "type": "clause", "offset": [1516, 1532]}, {"key": "action-or-proceeding", "type": "definition", "offset": [1614, 1634]}, {"key": "reduction-of", "type": "clause", "offset": [1718, 1730]}, {"key": "obligations-shall", "type": "definition", "offset": [1752, 1769]}, {"key": "in-respect-of", "type": "definition", "offset": [1961, 1974]}, {"key": "payment-received", "type": "clause", "offset": [1998, 2014]}, {"key": "paid-in-full", "type": "clause", "offset": [2209, 2221]}, {"key": "notwithstanding-anything-to-the-contrary", "type": "clause", "offset": [2228, 2268]}, {"key": "in-this-guarantee", "type": "clause", "offset": [2269, 2286]}, {"key": "with-respect-to", "type": "clause", "offset": [2288, 2303]}, {"key": "monetary-obligations", "type": "definition", "offset": [2322, 2342]}, {"key": "specific-performance", "type": "definition", "offset": [2347, 2367]}, {"key": "of-the-company", "type": "clause", "offset": [2441, 2455]}, {"key": "common-stock", "type": "definition", "offset": [2458, 2470]}, {"key": "for-the-company", "type": "clause", "offset": [2561, 2576]}, {"key": "failure-to-perform", "type": "definition", "offset": [2579, 2597]}, {"key": "in-accordance-with", "type": "definition", "offset": [2615, 2633]}, {"key": "the-transaction-documents", "type": "clause", "offset": [2634, 2659]}], "samples": [{"hash": "fndufRAN3YL", "uri": "/contracts/fndufRAN3YL#guarantee", "label": "Subsidiary Guarantee (NovaBay Pharmaceuticals, Inc.)", "score": 32.3169059753, "published": true}, {"hash": "2TfQXxg3EBR", "uri": "/contracts/2TfQXxg3EBR#guarantee", "label": "Subsidiary Guarantee (Creatd, Inc.)", "score": 32.0513343811, "published": true}, {"hash": "4G0HoQNIfcF", "uri": "/contracts/4G0HoQNIfcF#guarantee", "label": "Subsidiary Guarantee (Creatd, Inc.)", "score": 31.5722103119, "published": true}], "hash": "c5603425f453e20291c85f53e6d26e60", "id": 4}, {"snippet": "17.1 If this Call-Off Contract is conditional on receipt of a Guarantee that is acceptable to the Buyer, the Supplier must give the Buyer on or before the Start date:\n17.1.1 an executed Guarantee in the form at Schedule 5 17.1.2 a certified copy of the passed resolution or board minutes of the guarantor approving the execution of the Guarantee", "size": 969, "snippet_links": [{"key": "on-receipt-of-a", "type": "clause", "offset": [46, 61]}, {"key": "to-the-buyer", "type": "clause", "offset": [91, 103]}, {"key": "the-supplier-must", "type": "clause", "offset": [105, 122]}, {"key": "the-start-date", "type": "definition", "offset": [151, 165]}, {"key": "schedule-5", "type": "clause", "offset": [211, 221]}, {"key": "certified-copy", "type": "clause", "offset": [231, 245]}, {"key": "board-minutes", "type": "clause", "offset": [274, 287]}, {"key": "the-guarantor", "type": "clause", "offset": [291, 304]}, {"key": "the-execution", "type": "clause", "offset": [315, 328]}, {"key": "the-guarantee", "type": "clause", "offset": [332, 345]}], "samples": [{"hash": "hL2oLHqrF74", "uri": "/contracts/hL2oLHqrF74#guarantee", "label": "Call Off Contract", "score": 36.5523605347, "published": true}, {"hash": "dB2y4R5uJMt", "uri": "/contracts/dB2y4R5uJMt#guarantee", "label": "Call Off Contract", "score": 36.5523605347, "published": true}, {"hash": "4r4XIt53IWw", "uri": "/contracts/4r4XIt53IWw#guarantee", "label": "Call Off Contract", "score": 36.5359344482, "published": true}], "hash": "11c0471812d907d578d72c13fdf0ec5c", "id": 2}, {"snippet": "(a) Subject to this Article 10, each of the Guarantors hereby, jointly and severally, unconditionally guarantees to each Holder of a Note authenticated and delivered by the Trustee and to the Trustee and its successors and assigns, irrespective of the validity and enforceability of this Indenture, the Notes or the obligations of the Issuers hereunder or thereunder, that:\n(1) the principal of, premium and Liquidated Damages, if any, and interest on, the Notes will be promptly paid in full when due, whether at stated maturity, by acceleration, redemption or otherwise, and interest on the overdue principal of and interest on the Notes, if any, if lawful, and all other obligations of the Issuers to the Holders or the Trustee hereunder or thereunder will be promptly paid in full or performed, all in accordance with the terms hereof and thereof; and\n(2) in case of any extension of time of payment or renewal of any Notes or any of such other obligations, that same will be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, whether at stated maturity, by acceleration or otherwise. Failing payment when due of any amount so guaranteed or any performance so guaranteed for whatever reason, the Guarantors will be jointly and severally obligated to pay the same immediately. Each Guarantor agrees that this is a guarantee of payment and not a guarantee of collection.\n(b) The Guarantors hereby agree that their obligations hereunder are unconditional, irrespective of the validity, regularity or enforceability of the Notes or this Indenture, the absence of any action to enforce the same, any waiver or consent by any Holder of the Notes with respect to any provisions hereof or thereof, the recovery of any judgment against the Issuers, any action to enforce the same or any other circumstance which might otherwise constitute a legal or equitable discharge or defense of a guarantor. Each Guarantor hereby waives diligence, presentment, demand of payment, filing of claims with a court in the event of insolvency or bankruptcy of the Issuers, any right to require a proceeding first against the Issuers, protest, notice and all demands whatsoever and covenant that this Note Guarantee will not be discharged except by complete performance of the obligations contained in the Notes and this Indenture.\n(c) If any Holder or the Trustee is required by any court or otherwise to return to the Issuers, the Guarantors or any custodian, trustee, liquidator or other similar official acting in relation to either the Issuers or the Guarantors, any amount paid by either to the Trustee or such Holder, this Note Guarantee, to the extent theretofore discharged, will be reinstated in full force and effect.\n(d) Each Guarantor agrees that it will not be entitled to any right of subrogation in relation to the Holders in respect of any obligations guaranteed hereby until payment in full of all obligations guaranteed hereby. Each Guarantor further agrees that, as between the Guarantors, on the one hand, and the Holders and the Trustee, on the other hand, (1) the maturity of the obligations guaranteed hereby may be accelerated as provided in Article 6 hereof for the purposes of this Note Guarantee, notwithstanding any stay, injunction or other prohibition preventing such acceleration in respect of the obligations guaranteed hereby, and (2) in the event of any declaration of acceleration of such obligations as provided in Article 6 hereof, such obligations (whether or not due and payable) will forthwith become due and payable by the Guarantors for the purpose of this Note Guarantee. The Guarantors will have the right to seek contribution from any non-paying Guarantor so long as the exercise of such right does not impair the rights of the Holders under the Note Guarantee.", "size": 432, "snippet_links": [{"key": "subject-to", "type": "definition", "offset": [4, 14]}, {"key": "article-10", "type": "definition", "offset": [20, 30]}, {"key": "each-of-the-guarantors", "type": "clause", "offset": [32, 54]}, {"key": "jointly-and-severally", "type": "clause", "offset": [63, 84]}, {"key": "a-note", "type": "definition", "offset": [131, 137]}, {"key": "by-the-trustee", "type": "clause", "offset": [166, 180]}, {"key": "to-the-trustee", "type": "clause", "offset": [185, 199]}, {"key": "successors-and-assigns", "type": "definition", "offset": [208, 230]}, {"key": "irrespective-of-the", "type": "clause", "offset": [232, 251]}, {"key": "validity-and-enforceability", "type": "clause", "offset": [252, 279]}, {"key": "the-issuers", "type": "clause", "offset": [331, 342]}, {"key": "principal-of", "type": "definition", "offset": [382, 394]}, {"key": "and-liquidated-damages", "type": "clause", "offset": [404, 426]}, {"key": "and-interest", "type": "clause", "offset": [436, 448]}, {"key": "paid-in-full", "type": "clause", "offset": [480, 492]}, {"key": "stated-maturity", "type": "clause", "offset": [514, 529]}, {"key": "overdue-principal", "type": "definition", "offset": [593, 610]}, {"key": "interest-on-the-notes", "type": "clause", "offset": [618, 639]}, {"key": "other-obligations", "type": "definition", "offset": [668, 685]}, {"key": "trustee-hereunder", "type": "clause", "offset": [723, 740]}, {"key": "in-accordance-with", "type": "definition", "offset": [803, 821]}, {"key": "the-terms", "type": "definition", "offset": [822, 831]}, {"key": "in-case-of", "type": "clause", "offset": [860, 870]}, {"key": "time-of-payment", "type": "clause", "offset": [888, 903]}, {"key": "extension-or-renewal", "type": "clause", "offset": [1060, 1080]}, {"key": "payment-when-due", "type": "clause", "offset": [1148, 1164]}, {"key": "to-pay", "type": "clause", "offset": [1302, 1308]}, {"key": "guarantee-of-payment", "type": "definition", "offset": [1368, 1388]}, {"key": "guarantee-of-collection", "type": "definition", "offset": [1399, 1422]}, {"key": "enforceability-of-the-notes", "type": "clause", "offset": [1552, 1579]}, {"key": "any-action", "type": "definition", "offset": [1614, 1624]}, {"key": "waiver-or-consent", "type": "clause", "offset": [1650, 1667]}, {"key": "with-respect-to", "type": "clause", "offset": [1695, 1710]}, {"key": "recovery-of", "type": "clause", "offset": [1749, 1760]}, {"key": "discharge-or", "type": "clause", "offset": [1906, 1918]}, {"key": "guarantor-hereby-waives", "type": "clause", "offset": [1948, 1971]}, {"key": "demand-of-payment", "type": "clause", "offset": [1996, 2013]}, {"key": "filing-of-claims", "type": "clause", "offset": [2015, 2031]}, {"key": "insolvency-or-bankruptcy", "type": "clause", "offset": [2061, 2085]}, {"key": "right-to", "type": "definition", "offset": [2106, 2114]}, {"key": "this-note", "type": "clause", "offset": [2224, 2233]}, {"key": "performance-of-the-obligations", "type": "clause", "offset": [2286, 2316]}, {"key": "contained-in", "type": "definition", "offset": [2317, 2329]}, {"key": "required-by", "type": "definition", "offset": [2396, 2407]}, {"key": "return-to", "type": "clause", "offset": [2434, 2443]}, {"key": "in-relation-to", "type": "clause", "offset": [2543, 2557]}, {"key": "amount-paid", "type": "definition", "offset": [2600, 2611]}, {"key": "to-the-extent", "type": "clause", "offset": [2674, 2687]}, {"key": "full-force-and-effect", "type": "definition", "offset": [2734, 2755]}, {"key": "right-of-subrogation", "type": "definition", "offset": [2819, 2839]}, {"key": "in-respect-of", "type": "definition", "offset": [2867, 2880]}, {"key": "obligations-guaranteed", "type": "clause", "offset": [2885, 2907]}, {"key": "payment-in-full-of-all-obligations", "type": "definition", "offset": [2921, 2955]}, {"key": "the-other-hand", "type": "clause", "offset": [3091, 3105]}, {"key": "article-6", "type": "definition", "offset": [3195, 3204]}, {"key": "for-the-purposes-of", "type": "clause", "offset": [3212, 3231]}, {"key": "declaration-of-acceleration", "type": "definition", "offset": [3417, 3444]}, {"key": "due-and-payable", "type": "definition", "offset": [3531, 3546]}, {"key": "for-the-purpose-of-this", "type": "clause", "offset": [3604, 3627]}, {"key": "any-non", "type": "clause", "offset": [3705, 3712]}, {"key": "paying-guarantor", "type": "definition", "offset": [3713, 3729]}, {"key": "exercise-of", "type": "clause", "offset": [3745, 3756]}, {"key": "such-right", "type": "definition", "offset": [3757, 3767]}, {"key": "rights-of-the-holders", "type": "clause", "offset": [3788, 3809]}, {"key": "the-note-guarantee", "type": "clause", "offset": [3816, 3834]}], "samples": [{"hash": "8lLcnMvIBMH", "uri": "/contracts/8lLcnMvIBMH#guarantee", "label": "Indenture (Targa Resources Partners LP)", "score": 26.7029438019, "published": true}, {"hash": "ha1WaJUiC97", "uri": "/contracts/ha1WaJUiC97#guarantee", "label": "Indenture (Targa Resources Partners LP)", "score": 26.3579730988, "published": true}, {"hash": "draIBgXVhNV", "uri": "/contracts/draIBgXVhNV#guarantee", "label": "Indenture (Targa Resources Partners LP)", "score": 26.0787124634, "published": true}], "hash": "6896c65f2956b17420cbbb004b9eaa8c", "id": 8}, {"snippet": "The Guarantors jointly and severally hereby fully and unconditionally guarantee to each Holder of a Security of each series authenticated and delivered by the Trustee the due and punctual payment of the principal (including any amount due in respect of original issue discount) of and any premium and interest on such Security (and any Additional Amounts and other amounts payable by the Issuer in respect thereof), when and as the same shall become due and payable, whether at the Stated Maturity, by declaration of acceleration, call for redemption or otherwise, in accordance with the terms of such Security and of this Indenture. The Guarantors jointly and severally hereby agree to pay to the Trustee any amount due it for the compensation (as per the fee proposal agreed upon between the Issuer and the Trustee) and reasonable expenses, disbursements and advances of the Trustee, its agents, officers, employees and directors, and any other amounts, including indemnification amounts, due to the Trustee under Section 607. The Guarantors each hereby agree that its obligations hereunder shall be as if it were a principal debtor and not merely a surety, and shall be absolute and unconditional, irrespective of, and shall be unaffected by, any invalidity, irregularity or unenforceability of any Security of any series or this Indenture, any failure to enforce the provisions of any Security of any series or this Indenture, any waiver, modification or indulgence granted to the Issuer with respect thereto, by the Holder of any Security of any series or the Trustee, or any other circumstances which may otherwise constitute a legal or equitable discharge of a surety or guarantor; provided, however, that, notwithstanding the foregoing, no such waiver, modification or indulgence shall, without the consent of the Guarantors, increase the principal amount of a Security or the interest rate thereon or increase any premium payable upon redemption thereof. The Guarantors each hereby waive diligence, presentment, demand of payment, filing of claims with a court in the event of merger or bankruptcy of the Issuer, any right to require a proceeding first against the Issuer, the benefit of discussion, protest or notice with respect to any Security or the indebtedness evidenced thereby or with respect of any sinking fund payment required pursuant to the terms of a Security issued under this Indenture and all demands whatsoever, and covenants that its Guarantee will not be discharged with respect to any Security except by payment in full of the principal thereof and any premium and interest thereon or as provided in Article Four, Section 802 or Article Thirteen. The Guarantors each further agree that, as between such Guarantor, on the one hand, and the Holders and the Trustee, on the other hand, the Maturity of the obligations guaranteed hereby may be accelerated as provided in Article Five hereof for the purposes of its Guarantee, but not in the case of any stay, injunction or other prohibition preventing such acceleration in respect of the obligations guaranteed hereby. The obligations of each Guarantor hereunder will be limited (i) to the maximum amount as will, taking into account, in addition to such obligations of each Guarantor, all other contingent and fixed liabilities of such Guarantor and any collections from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under its Guarantee or pursuant to its contribution obligations under this Indenture, result in the obligations of such Guarantor under its Guarantee not constituting a fraudulent conveyance or fraudulent transfer under applicable law nor leading to a breach of the rules governing financial assistance, corporate purpose, ultra \u2587\u2587\u2587\u2587\u2587, impairment of statutory capital or similar capital restrictions under applicable law and/or (ii) to the extent otherwise necessary so that such obligations do not constitute a breach of applicable law. The Guarantors shall be subrogated to all rights of each Holder of Securities against the Issuer in respect of any amounts paid to such Holder by the Guarantors pursuant to the provisions of these Guarantees; provided, however, that the Guarantors shall not be entitled to enforce, or to receive any payments arising out of or based upon, such right of subrogation until the principal of and any premium and interest on all the Securities of the same series and of like tenor shall have been paid in full. No past, present or future stockholder, officer, director, employee or incorporator of any Guarantor shall have any personal liability under the Guarantees set forth in this Section 1301 by reason of his or its status as such stockholder, officer, director, employee or incorporator. The Guarantees set forth in this Section 1301 shall not be valid or become obligatory for any purpose with respect to a Security until the certificate of authentication on such Security shall have been signed by or on behalf of the Trustee. For the avoidance of doubt, the fact that none of the Guarantors (including, without limitation, any New Guarantors) have or will execute any Security, or any notation of their Guarantees on any Security, authenticated and delivered by the Trustee shall in no way affect or limit such Guarantor\u2019s Guarantee under this Section 1301.", "size": 412, "snippet_links": [{"key": "jointly-and-severally", "type": "clause", "offset": [15, 36]}, {"key": "security-of", "type": "clause", "offset": [100, 111]}, {"key": "by-the-trustee", "type": "clause", "offset": [152, 166]}, {"key": "payment-of-the-principal", "type": "clause", "offset": [188, 212]}, {"key": "in-respect-of", "type": "definition", "offset": [239, 252]}, {"key": "original-issue-discount", "type": "definition", "offset": [253, 276]}, {"key": "interest-on", "type": "definition", "offset": [301, 312]}, {"key": "such-security", "type": "definition", "offset": [313, 326]}, {"key": "additional-amounts", "type": "definition", "offset": [336, 354]}, {"key": "other-amounts-payable", "type": "clause", "offset": [359, 380]}, {"key": "by-the-issuer", "type": "clause", "offset": [381, 394]}, {"key": "due-and-payable", "type": "definition", "offset": [450, 465]}, {"key": "stated-maturity", "type": "clause", "offset": [482, 497]}, {"key": "declaration-of-acceleration", "type": "definition", "offset": [502, 529]}, {"key": "in-accordance-with", "type": "definition", "offset": [565, 583]}, {"key": "terms-of", "type": "clause", "offset": [588, 596]}, {"key": "security-and", "type": "clause", "offset": [602, 614]}, {"key": "to-the-trustee", "type": "clause", "offset": [691, 705]}, {"key": "the-compensation", "type": "clause", "offset": [728, 744]}, {"key": "fee-proposal", "type": "definition", "offset": [757, 769]}, {"key": "reasonable-expenses", "type": "clause", "offset": [822, 841]}, {"key": "employees-and-directors", "type": "clause", "offset": [908, 931]}, {"key": "indemnification-amounts", "type": "clause", "offset": [966, 989]}, {"key": "section-607", "type": "clause", "offset": [1016, 1027]}, {"key": "principal-debtor", "type": "definition", "offset": [1118, 1134]}, {"key": "absolute-and-unconditional", "type": "clause", "offset": [1173, 1199]}, {"key": "failure-to-enforce", "type": "clause", "offset": [1348, 1366]}, {"key": "the-provisions-of", "type": "clause", "offset": [1367, 1384]}, {"key": "granted-to", "type": "clause", "offset": [1470, 1480]}, {"key": "by-the-holder", "type": "clause", "offset": [1514, 1527]}, {"key": "other-circumstances", "type": "clause", "offset": [1581, 1600]}, {"key": "discharge-of-a", "type": "clause", "offset": [1653, 1667]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [1714, 1743]}, {"key": "consent-of-the-guarantors", "type": "clause", "offset": [1807, 1832]}, {"key": "the-principal-amount", "type": "definition", "offset": [1843, 1863]}, {"key": "the-interest-rate", "type": "clause", "offset": [1881, 1898]}, {"key": "premium-payable", "type": "definition", "offset": [1923, 1938]}, {"key": "demand-of-payment", "type": "clause", "offset": [2021, 2038]}, {"key": "filing-of-claims", "type": "clause", "offset": [2040, 2056]}, {"key": "in-the-event-of", "type": "definition", "offset": [2070, 2085]}, {"key": "bankruptcy-of-the-issuer", "type": "clause", "offset": [2096, 2120]}, {"key": "right-to", "type": "definition", "offset": [2126, 2134]}, {"key": "the-benefit", "type": "definition", "offset": [2182, 2193]}, {"key": "with-respect-to", "type": "clause", "offset": [2227, 2242]}, {"key": "the-indebtedness", "type": "clause", "offset": [2259, 2275]}, {"key": "payment-required", "type": "clause", "offset": [2330, 2346]}, {"key": "pursuant-to-the-terms", "type": "clause", "offset": [2347, 2368]}, {"key": "and-covenants", "type": "clause", "offset": [2439, 2452]}, {"key": "payment-in-full", "type": "definition", "offset": [2534, 2549]}, {"key": "article-four", "type": "definition", "offset": [2630, 2642]}, {"key": "section-802", "type": "clause", "offset": [2644, 2655]}, {"key": "article-thirteen", "type": "definition", "offset": [2659, 2675]}, {"key": "the-holders", "type": "clause", "offset": [2765, 2776]}, {"key": "the-other-hand", "type": "clause", "offset": [2797, 2811]}, {"key": "obligations-guaranteed", "type": "clause", "offset": [2833, 2855]}, {"key": "article-five", "type": "clause", "offset": [2897, 2909]}, {"key": "for-the-purposes-of", "type": "clause", "offset": [2917, 2936]}, {"key": "in-the-case", "type": "clause", "offset": [2960, 2971]}, {"key": "obligations-of-each", "type": "clause", "offset": [3099, 3118]}, {"key": "maximum-amount", "type": "clause", "offset": [3166, 3180]}, {"key": "in-addition-to", "type": "clause", "offset": [3211, 3225]}, {"key": "by-or-on-behalf-of", "type": "definition", "offset": [3365, 3383]}, {"key": "other-guarantor", "type": "definition", "offset": [3388, 3403]}, {"key": "contribution-obligations", "type": "definition", "offset": [3497, 3521]}, {"key": "fraudulent-conveyance", "type": "definition", "offset": [3627, 3648]}, {"key": "fraudulent-transfer", "type": "clause", "offset": [3652, 3671]}, {"key": "applicable-law", "type": "definition", "offset": [3678, 3692]}, {"key": "rules-governing", "type": "clause", "offset": [3724, 3739]}, {"key": "financial-assistance", "type": "definition", "offset": [3740, 3760]}, {"key": "corporate-purpose", "type": "clause", "offset": [3762, 3779]}, {"key": "statutory-capital", "type": "clause", "offset": [3808, 3825]}, {"key": "to-the-extent", "type": "clause", "offset": [3891, 3904]}, {"key": "rights-of", "type": "clause", "offset": [4038, 4047]}, {"key": "holder-of-securities", "type": "clause", "offset": [4053, 4073]}, {"key": "pursuant-to-the-provisions", "type": "clause", "offset": [4157, 4183]}, {"key": "to-receive", "type": "definition", "offset": [4281, 4291]}, {"key": "arising-out-of", "type": "definition", "offset": [4305, 4319]}, {"key": "right-of-subrogation", "type": "definition", "offset": [4340, 4360]}, {"key": "principal-of", "type": "definition", "offset": [4371, 4383]}, {"key": "the-securities", "type": "definition", "offset": [4420, 4434]}, {"key": "like-tenor", "type": "clause", "offset": [4461, 4471]}, {"key": "paid-in-full", "type": "clause", "offset": [4488, 4500]}, {"key": "future-stockholder", "type": "definition", "offset": [4522, 4540]}, {"key": "personal-liability", "type": "clause", "offset": [4618, 4636]}, {"key": "the-guarantees", "type": "clause", "offset": [4643, 4657]}, {"key": "section-1301", "type": "clause", "offset": [4676, 4688]}, {"key": "certificate-of-authentication", "type": "definition", "offset": [4925, 4954]}, {"key": "signed-by", "type": "clause", "offset": [4988, 4997]}, {"key": "for-the-avoidance-of-doubt", "type": "clause", "offset": [5027, 5053]}, {"key": "the-fact", "type": "clause", "offset": [5055, 5063]}, {"key": "without-limitation", "type": "clause", "offset": [5104, 5122]}, {"key": "new-guarantors", "type": "clause", "offset": [5128, 5142]}, {"key": "trustee-shall", "type": "definition", "offset": [5267, 5280]}], "samples": [{"hash": "iVbxY1usqYr", "uri": "/contracts/iVbxY1usqYr#guarantee", "label": "Indenture (Amcor Flexibles North America, Inc.)", "score": 34.5345649719, "published": true}, {"hash": "hwP2OuzrsD4", "uri": "/contracts/hwP2OuzrsD4#guarantee", "label": "Indenture (Amcor Flexibles North America, Inc.)", "score": 33.3737182617, "published": true}, {"hash": "9KH3e5FKkKY", "uri": "/contracts/9KH3e5FKkKY#guarantee", "label": "Indenture (Amcor Flexibles North America, Inc.)", "score": 33.3737182617, "published": true}], "hash": "a651d88eec82f9141a5a6d364ee0a79f", "id": 9}, {"snippet": "Subject to this Article Ten, each of the Subsidiary Guarantors hereby, jointly and severally, unconditionally guarantees to each Holder of a Note authenticated and delivered by the Trustee and to the Trustee and its successors and assigns, irrespective of the validity and enforceability of this Indenture, the Notes or the obligations of the Issuer hereunder or thereunder, that: (a) the principal of and interest on the Notes will be promptly paid in full when due, whether at maturity, by acceleration, redemption or otherwise, and interest on the overdue principal of and interest on the Notes, if any, if lawful, and all other obligations of the Issuer to the Holders or the Trustee hereunder or thereunder will be promptly paid in full or performed, all in accordance with the terms hereof and thereof; and (b) in case of any extension of time of payment or renewal of any Notes or any of such other obligations, that same will be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, whether at stated maturity, by acceleration or otherwise. Failing payment when due of any amount so guaranteed or any performance so guaranteed for whatever reason, the Subsidiary Guarantors shall be jointly and severally obligated to pay the same immediately. Each Subsidiary Guarantor agrees that this is a guarantee of payment and not a guarantee of collection. The Subsidiary Guarantors hereby agree that their obligations hereunder shall be unconditional, irrespective of the validity, regularity or enforceability of the Notes or this Indenture, the absence of any action to enforce the same, any waiver or consent by any Holder of the Notes with respect to any provisions hereof or thereof, the recovery of any judgment against the Issuer, any action to enforce the same or any other circumstance which might otherwise constitute a legal or equitable discharge or defense of a guarantor. Each Subsidiary Guarantor hereby waives, to the extent permitted by applicable law, diligence, presentment, demand of 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, notice and all demands whatsoever and covenant that this Note Guarantee shall not be discharged except by complete performance of the obligations contained in the Notes and this Indenture. If any Holder or the Trustee is required by any court or otherwise to return to the Issuer, the Subsidiary Guarantors or any custodian, trustee, liquidator or other similar official acting in relation to either the Issuer or the Subsidiary Guarantors, any amount paid by either to the Trustee or such Holder, this Subsidiary Guarantee, to the extent theretofore discharged, shall be reinstated in full force and effect. Each Subsidiary Guarantor agrees that it shall not be entitled to any right of subrogation in relation to the Holders in respect of any obligations guaranteed hereby until payment in full of all obligations guaranteed hereby. Each Subsidiary Guarantor further agrees that, as between the Subsidiary Guarantors, on the one hand, and the Holders and the Trustee, on the other hand, (x) the maturity of the obligations guaranteed hereby may be accelerated as provided in Article Six hereof for the purposes of this Subsidiary Guarantee, notwithstanding any stay, injunction or other prohibition preventing such acceleration in respect of the obligations guaranteed hereby, and (y) in the event of any declaration of acceleration of such obligations as provided in Article Six hereof, such obligations (whether or not due and payable) shall forthwith become due and payable by the Subsidiary Guarantors for the purpose of this Subsidiary Guarantee.", "size": 384, "snippet_links": [{"key": "subject-to", "type": "definition", "offset": [0, 10]}, {"key": "article-ten", "type": "clause", "offset": [16, 27]}, {"key": "the-subsidiary-guarantors", "type": "definition", "offset": [37, 62]}, {"key": "jointly-and-severally", "type": "clause", "offset": [71, 92]}, {"key": "a-note", "type": "definition", "offset": [139, 145]}, {"key": "by-the-trustee", "type": "clause", "offset": [174, 188]}, {"key": "to-the-trustee", "type": "clause", "offset": [193, 207]}, {"key": "successors-and-assigns", "type": "definition", "offset": [216, 238]}, {"key": "irrespective-of-the", "type": "clause", "offset": [240, 259]}, {"key": "validity-and-enforceability", "type": "clause", "offset": [260, 287]}, {"key": "obligations-of-the-issuer", "type": "clause", "offset": [324, 349]}, {"key": "principal-of", "type": "definition", "offset": [389, 401]}, {"key": "interest-on-the-notes", "type": "clause", "offset": [406, 427]}, {"key": "paid-in-full", "type": "clause", "offset": [445, 457]}, {"key": "at-maturity", "type": "clause", "offset": [476, 487]}, {"key": "overdue-principal", "type": "definition", "offset": [551, 568]}, {"key": "other-obligations", "type": "definition", "offset": [626, 643]}, {"key": "the-holders", "type": "clause", "offset": [661, 672]}, {"key": "trustee-hereunder", "type": "clause", "offset": [680, 697]}, {"key": "in-accordance-with", "type": "definition", "offset": [760, 778]}, {"key": "the-terms", "type": "definition", "offset": [779, 788]}, {"key": "in-case-of", "type": "clause", "offset": [817, 827]}, {"key": "time-of-payment", "type": "clause", "offset": [845, 860]}, {"key": "extension-or-renewal", "type": "clause", "offset": [1017, 1037]}, {"key": "stated-maturity", "type": "clause", "offset": [1050, 1065]}, {"key": "payment-when-due", "type": "clause", "offset": [1105, 1121]}, {"key": "to-pay", "type": "clause", "offset": [1271, 1277]}, {"key": "guarantee-of-payment", "type": "definition", "offset": [1348, 1368]}, {"key": "guarantee-of-collection", "type": "definition", "offset": [1379, 1402]}, {"key": "enforceability-of-the-notes", "type": "clause", "offset": [1544, 1571]}, {"key": "any-action", "type": "definition", "offset": [1606, 1616]}, {"key": "waiver-or-consent", "type": "clause", "offset": [1642, 1659]}, {"key": "with-respect-to", "type": "clause", "offset": [1687, 1702]}, {"key": "recovery-of", "type": "clause", "offset": [1741, 1752]}, {"key": "judgment-against-the-issuer", "type": "clause", "offset": [1757, 1784]}, {"key": "discharge-or", "type": "clause", "offset": [1897, 1909]}, {"key": "guarantor-hereby-waives", "type": "clause", "offset": [1950, 1973]}, {"key": "to-the-extent", "type": "clause", "offset": [1975, 1988]}, {"key": "applicable-law", "type": "definition", "offset": [2002, 2016]}, {"key": "demand-of-payment", "type": "clause", "offset": [2042, 2059]}, {"key": "filing-of-claims", "type": "clause", "offset": [2061, 2077]}, {"key": "bankruptcy-of-the-issuer", "type": "clause", "offset": [2121, 2145]}, {"key": "right-to", "type": "definition", "offset": [2151, 2159]}, {"key": "note-guarantee", "type": "definition", "offset": [2273, 2287]}, {"key": "performance-of-the-obligations", "type": "clause", "offset": [2331, 2361]}, {"key": "contained-in", 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[["guarantee", "Guarantee"], ["miscellaneous", "Miscellaneous"], ["agreement-to-be-bound-guarantee", "Agreement to Be Bound Guarantee"], ["reinstatement", "Reinstatement"], ["guarantees", "Guarantees"]], "size": 32636, "children": [["guarantee", "Guarantee"], ["reinstatement", "Reinstatement"], ["subrogation", "Subrogation"], ["guarantee-of-payment", "Guarantee of Payment"], ["independent-obligations", "Independent Obligations"]], "title": "Guarantee", "id": "guarantee", "related": [["the-guarantee", "The Guarantee", "The <strong>Guarantee</strong>"], ["subsidiary-guarantee", "Subsidiary Guarantee", "Subsidiary <strong>Guarantee</strong>"], ["note-guarantee", "Note Guarantee", "Note <strong>Guarantee</strong>"], ["guaranty", "Guaranty", "Guaranty"], ["parent-guarantee", "Parent Guarantee", "Parent <strong>Guarantee</strong>"]], "related_snippets": [], "updated": "2026-04-30T06:05:53+00:00", "also_ask": ["What are the most effective limitations to negotiate in a guarantee clause?", "Which drafting elements are essential to ensure enforceability of the guarantee?", "What are the primary risks or loopholes that could invalidate the guarantee?", "How does this guarantee compare to statutory or market-standard guarantees?", "What are the key factors courts consider when determining the enforceability of a guarantee?"], "drafting_tip": "Specify the guarantor\u2019s obligations, define the guaranteed liabilities, and state the duration of the guarantee to avoid ambiguity, limit unintended exposure, and ensure enforceability.", "explanation": "A Guarantee clause establishes a party's obligation to ensure the performance or fulfillment of another party's duties under a contract. Typically, this means that if the primary party fails to meet their contractual obligations, the guarantor must step in to fulfill those obligations or compensate the other party for any losses. For example, in a loan agreement, a guarantor may promise to repay the loan if the borrower defaults. The core practical function of this clause is to provide additional security and assurance to the beneficiary, reducing the risk of non-performance or default."}, "json": true, "cursor": ""}}