Common use of Execution of Guarantees Clause in Contracts

Execution of Guarantees. To evidence its Guarantee specified in Section 311 to the Holders of Securities, the Guarantor hereby agrees to execute the Guarantees in substantially the form above recited to be endorsed on each Security. Such Guarantees shall be executed on behalf of the Guarantor by its Chief Executive Officer, its President or one of its Vice Presidents under its corporate seal reproduced thereon attested by its Secretary or one of its Assistant Secretaries. The signature of any of these officers on the Guarantee may be manual or facsimile. If an officer of the Guarantor whose signature is on a Guarantee endorsed on a Security no longer holds that office at the time the Trustee authenticates such Security or at any time thereafter, the Security shall be valid nevertheless.