NBCUniversal Guarantee Clause Samples
The NBCUniversal Guarantee clause establishes a formal assurance by NBCUniversal regarding the fulfillment of certain obligations or commitments within an agreement. Typically, this clause outlines the specific responsibilities that NBCUniversal guarantees, such as payment, performance, or compliance with contractual terms, and may detail the circumstances under which the guarantee is triggered. Its core practical function is to provide the other party with confidence and legal recourse, ensuring that NBCUniversal stands behind its promises and mitigating the risk of non-performance or breach.
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NBCUniversal Guarantee. NBCUniversal hereby agrees to be bound by all obligations of a Cable Guarantor as set forth under the Indenture including, but not limited to irrevocably, fully and unconditionally guaranteeing, jointly and severally, on an unsecured basis, the full and punctual payment (whether at maturity, upon redemption, or otherwise) of the principal of and interest on, and all other amounts payable under, each Security, and the full and punctual payment of all other amounts payable by the Company under the Indenture, upon the terms and subject to the conditions of the Indenture, provided, however, that NBCUniversal shall not be subject to the provisions of Sections 3.10 and 3.11 of the Indenture.”
NBCUniversal Guarantee. The following new Article Twelve is hereby added to the Original Indenture: