Common use of Guarantee and Security Clause in Contracts

Guarantee and Security. With effect from the Effective Date, each Effective Date Debtor and (to the extent applicable) each Effective Date Security Grantor: (a) confirms its acceptance of the Amended Group ICA; (b) agrees that it is bound as a Debtor or as a Security Grantor (as applicable) by the terms of the Amended Group ICA; and (c) confirms and accepts that: (i) any Transaction Security created or given by it under a Pre-Effective Date Security Document will: (A) continue in full force and effect on the terms of the respective Finance Documents (including the Amended Group ICA, to the extent applicable); and (B) subject to Clause 2 (Amendment of the Group ICA, High Yield ICA and Security Trust Agreement) of this Deed, continue to extend to the Secured Obligations, under and as defined in paragraph [(a) or (b)] of that definition (as applicable) in the Amended Group ICA; and (ii) any guarantee or indemnity created or given by it under the Original Senior Facilities Agreement will continue in full force and effect on the terms of the respective Finance Documents (including the Amended Group ICA) and extend to all new obligations assumed by any Debtor under the Finance Documents as amended and restated by this Deed (including, but not limited to, any new obligations under the Amended Group ICA), subject to any applicable guarantee limitations set out in any relevant Finance Documents.

Guarantee and Security. With effect from the Effective Date, each Effective Date Debtor and (to the extent applicable) each Effective Date Security Grantor: (a) confirms its acceptance of the Amended Group ICA; (b) agrees that it is bound as a Debtor or as a Security Grantor (as applicable) by the terms of the Amended Group ICA; and (c) confirms and accepts that: (i) any Transaction Security created or given by it under a Pre-Effective Date Security Document will: (A) continue in full force and effect on the terms of the respective Finance Documents (including the Amended Group ICA, to the extent applicable); and (B) subject to Clause 2 (Amendment of the Group ICA, High Yield ICA and Security Trust Agreement) of this Deed, continue to extend to the Secured Obligations, under and as defined in 86623876_3 paragraph [(a) or (b)] of that definition (as applicable) in the Amended Group ICA; and (ii) any guarantee or indemnity created or given by it under the Original Senior Facilities Agreement will continue in full force and effect on the terms of the respective Finance Documents (including the Amended Group ICA) and extend to all new obligations assumed by any Debtor under the Finance Documents as amended and restated by this Deed (including, but not limited to, any new obligations under the Amended Group ICA), subject to any applicable guarantee limitations set out in any relevant Finance Documents.