Common use of Guarantee of Payments Clause in Contracts

Guarantee of Payments. In the event of a default under a Contract and --------------------- a replacement Contract is not readily available, the Corporation guarantees the payment when due of all sums currently or thereafter to be paid to the Investor under the defaulted Contract until such time as a replacement Contract is substituted therefor. The purpose of this Guarantee is to assure the Investor of his receiving all regularly scheduled payments owed under the Contracts in accordance with his investment in the Corporation pursuant to the aforesaid Offering. Notwithstanding this Guarantee, no reserve fund will be established by the Corporation for this purpose.

Guarantee of Payments. In the event of a default under a Contract and --------------------- a replacement Contract is not readily available, the Corporation guarantees the payment when due of all sums currently or thereafter to be paid to the Investor under the defaulted Contract until such time as a replacement Contract Contact is substituted therefor. The purpose of this Guarantee is to assure the Investor of his receiving all regularly scheduled payments owed under the Contracts in accordance with his investment in the Corporation pursuant to the aforesaid Offering. Notwithstanding this Guarantee, no reserve fund will be established by the Corporation for this purpose.