Common use of Senior Guarantee Clause in Contracts

Senior Guarantee. Each of Allied and the Subsidiary Guarantors hereby jointly and severally unconditionally guarantees on a senior basis to each Holder of a Security authenticated and delivered by the Trustee, and to the Trustee on behalf of such Holder, the due and punctual payment of the principal of, premium, if any, and interest on such Security when and as the same shall become due and payable, whether at the Stated Maturity or by acceleration, call for redemption, purchase or otherwise, in accordance with the terms of such Security and of this Indenture all in accordance with the terms and conditions of each Series Indenture and shall be from the effective date hereof a Subsidiary Guarantor within the meaning and for all purposes of the Series Indenture.