Examples of Preferred Securities Guarantee in a sentence
Form of Partnership Preferred Securities Guarantee Agreement by Merrill Lynch & Co., Inc.
Form of Trust Preferred Securities Guarantee Agreement between Merrill Lynch & Co., Inc.
Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
All guarantees and agreements contained in this Preferred Securities Guarantee shall bind the successors, assigns, receivers, trustees and representatives of the Guarantor and shall inure to the benefit of the Holders of the Preferred Securities then outstanding.
This Preferred Securities Guarantee creates a guarantee of payment and not of collection.