Common use of GUARANTEE Clause in Contracts

GUARANTEE. Where the Issuer is BNPP B.V. or BP2F, subject as provided below and in the relevant Guarantee, the relevant Guarantor has unconditionally and irrevocably (a) guaranteed to each Holder all obligations of the Issuer in respect of such ▇▇▇▇▇▇'▇ W&C Securities as and when such obligations become due and