Common use of Guarantees and Other Obligations Clause in Contracts

Guarantees and Other Obligations. Unless the Minimum Required Security Coverage Ratio has been satisfied, enter into any agreement or arrangement to guarantee or, in any way or under any condition, assume or become obligated for all or any part of any financial or other obligation of another Person other than those existing at the time of signing including the Notes, provided that any agreement or arrangement to guarantee is non-recourse to the Guarantor and the value of the new guarantee is limited to the value of its collateral;