Examples of Common Trust Securities Guarantee in a sentence
Penalty for neglect or refusal to produce weights, etc, for inspection26.
The Sponsor will provide a copy of the Declaration, the Indenture, the QUIPS Guarantee or the Common Trust Securities Guarantee (as may be appropriate) and the Indenture (including any supplemental indenture) to a Holder without charge on written request to the Sponsor at its principal place of business.
This Common Trust Securities Guarantee Agreement will not be discharged except by payment of the Guarantee Payments in full (without duplication of amounts theretofore paid by the Issuer) or upon distribution of Debentures to holders thereof as provided in the Declaration.
All guarantees and agreements contained in this Common Trust Securities Guarantee Agreement shall bind the successors, assigns, receivers, trustees and representatives of the Guarantor and shall inure to the benefit of the Holders of the Common Trust Securities then outstanding.
Except with respect to any changes that do not adversely affect the rights of Holders in any material respect (in which case no consent of Holders will be required), this Common Trust Securities Guarantee Agreement may be amended only with the prior approval of the Holders of not less than a Majority in liquidation amount of the outstanding Common Trust Securities.
This Common Trust Securities Guarantee Agreement creates a guarantee of payment and not a guarantee of collection.
The Sponsor will provide a copy of the Declaration, the Indenture, the Trust Preferred Securities Guarantee or the Common Trust Securities Guarantee (as may be appropriate) and the Indenture (including any supplemental indenture) to a Holder without charge on written request to the Sponsor at its principal place of business.
Notwithstanding the foregoing, this Common Trust Securities Guarantee will continue to be effective or will be reinstated, as the case may be, if at any time any Holder of the Common Trust Securities must restore payment of any sums paid under the Common Trust Securities or under this Common Trust Securities Guarantee.
The Guarantor acknowledges that its obligations hereunder are independent of the obligations of the Issuer with respect to the Common Trust Securities and that the Guarantor shall be liable as principal and as debtor hereunder to make Guarantee Payments pursuant to the terms of this Common Trust Securities Guarantee Agreement notwithstanding the occurrence of any event referred to in subsections (a) through (g), inclusive, of Section 2.03 hereof.
This Common Trust Securities Guarantee Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original, but all such counterparts shall together constitute but one and the same instrument.