Security Guarantee definition
Examples of Security Guarantee in a sentence
This Security Guarantee is subject to release upon the terms set forth in the Indenture.
This Security Guarantee shall not be valid or obligatory for any purpose until the certificate of authentication on the Securities upon which this Security Guarantee is noted shall have been executed by the Trustee under the Indenture by the manual signature of one of its authorized officers.
Notwithstanding the foregoing, if the Guarantor has failed to make a Guarantee Payment, a holder of Preferred Securities may directly institute a proceeding against the Guarantor for enforcement of the Preferred Security Guarantee for such payment.
The Guarantors will have the right to seek contribution from any non-paying Guarantor so long as the exercise of such right does not impair the rights of the Holders under the Security Guarantee.
This Security Guarantee shall be governed by and construed in accordance with the laws of the State of New York without regard to principles of conflicts of law.