Guarantee definition
Examples of Guarantee in a sentence
The GATX Guarantee is effectively subordinated to any existing or future Indebtedness of the Guarantor secured by Liens on assets of the Guarantor to the extent of the value of the collateral securing such Indebtedness and is effectively subordinated to any existing or future Indebtedness and other obligations of the Guarantor’s Subsidiaries (other than the Issuer), none of which guarantee the Notes.
Date: [ ] Your Signature: (Sign exactly as your name appears on the other side of the Security) Tax I.D. number Signature Guarantee: (Signature must be guaranteed by a participant in a recognized signature guarantee medallion program) [Include the following Global Security legend, if applicable] [THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE DEPOSITARY OR A NOMINEE OF THE DEPOSITARY.
The GATX Guarantee is not secured by a Lien on any assets of the Guarantor.
The Trustee shall not be responsible for and makes no representation as to the validity or adequacy of this Indenture, the GATX Guarantee or the Notes, it shall not be accountable for the Issuer’s use of the proceeds from the Notes, and it shall not be responsible for any statement of the Issuer or the Guarantor in this Indenture or in any document issued in connection with the sale of the Notes or in the Notes other than the Trustee’s certificate of authentication.
With respect to Collateral or Guarantees granted by any Loan Party, unless required by local law, the circumstances in which the Collateral or Guarantee, as applicable, shall be released should not be dealt with in individual Collateral Documents but shall, except to the extent required by local law, be the same as those set out in this Agreement.