Common use of Guarantees binding Clause in Contracts

Guarantees binding. The Guarantee (upon endorsement on the Notes in accordance with the terms of the Indenture), insofar as Scots law governs the formalities of execution and delivery thereof, will have been duly executed by or on behalf of the Guarantor, and (upon execution, authentication, issue and delivery of the Notes) the obligations on the part of the Guarantor under the Guarantee will constitute legal, valid and binding obligations of the Guarantor enforceable against the Guarantor in the Scottish courts.

Guarantees binding. The Guarantee Each of the Guarantees (upon endorsement on the Notes in accordance with the terms of the Senior Indenture), insofar as Scots law governs the formalities of execution and delivery thereof, will have been duly executed by or on behalf of the Guarantor, and (upon execution, authentication, issue and delivery of the relevant Notes) the obligations on the part of the Guarantor under the Guarantee Guarantees will constitute legal, valid and binding obligations of the Guarantor enforceable against the Guarantor in the Scottish courts.