Guarantee and Status. (a) Guarantee: The Guarantor has unconditionally and irrevocably guaranteed, in accordance with the terms of Article 111 of the Swiss Code of Obligations, the due and punctual payment of principal, interest and all other amounts payable by the Issuer under the Notes and the Coupons as and when the same become due under these terms and conditions (the “Conditions”). Its obligations in that respect are contained in, and are subject to the limitations provided in, a guarantee dated 23 November 2020 (the “Guarantee”).
Guarantee and Status. (a) Guarantee: each Guarantor has unconditionally and irrevocably guaranteed on a joint and several basis (i) the due payment of all sums expressed to be payable by the Issuer under the Trust Deed, the Agency Agreement, the Notes and the Coupons and (ii) the performance by the Issuer of all of its obligations under the Trust Deed, the Agency Agreement, the Notes and the Coupons. Each Guarantor’s obligations in that respect (each, a “Guarantee”) are contained in the Trust Deed.
Guarantee and Status. The [Guarantor has]*/[Guarantors have, jointly and severally,]** irrevocably and unconditionally guaranteed the due and punctual payment of all principal, premium and interest and any other sums from time to time expressed to be payable by the Issuer in respect of the ECNs and the Coupons and under the Trust Deed in respect thereof. [Its]*/[Their]** obligations in that respect (the “Guarantee”) are contained in the Trust Deed. The obligations of [the]*/[each]** Guarantor under the Guarantee constitute direct and unsecured obligations of [the]*/[that]** Guarantor, subject to Condition 5(a) and are subordinated as described in Condition 4(b). For the purposes of the obligations of [the]*/[each]** Guarantor under the Guarantee, principal, premium and interest and any other sum from time to time expressed to be payable by the Issuer in respect of the ECNs and the Coupons and the Trust Deed in respect thereof shall be deemed to be payable by the Issuer in full notwithstanding the operation of the subordination provisions of Condition 3(b).
Guarantee and Status. The [Guarantor has]*/[Guarantors have, jointly and severally,]** irrevocably and unconditionally guaranteed the due and punctual payment of all principal, premium and interest and any other sums from time to time expressed to be payable by the Issuer in respect of the ECNs and the Coupons and under the Trust Deed in respect thereof. [Its]*/[Their]** obligations in that respect (the “Guarantee”) are contained in the Trust Deed. The obligations of [the]*/[each]** Guarantor under the Guarantee constitute direct and unsecured obligations of [the]*/[that]** Guarantor, subordinated as described in Condition 4(b).
Guarantee and Status. Under the Guarantee, the Guarantor has irrevocably and unconditionally guaranteed the due and punctual payment of all principal, premium and interest and any other sums from time to time expressed to be payable by the Issuer in respect of the Tier 1 BCNs, the delivery of Ordinary Shares upon the occurrence of a Contingency Event Conversion or a Viability Event Conversion and the performance by the Issuer of its other obligations under the Tier 1 BCNs. The obligations of the Guarantor under the Guarantee constitute direct and unsecured obligations of the Guarantor, subordinated as described in Condition 4(b).
Guarantee and Status
