Common use of Guaranty of Notes Clause in Contracts

Guaranty of Notes. As a result of the arrangements contemplated by the Trust Agreement and the Purchase Contract for the financing by the Issuer of nuclear fuel, the Company acknowledges that it will derive substantial benefit from the issuance of the Notes. To induce the holders of Notes to enter into this Agreement, the Company agrees with each Purchaser and any other holder of Notes (each such person, together with its successors and assigns permitted by this Agreement, a “Guaranteed Party”) as follows:

Appears in 1 contract

Sources: Note Purchase Agreement (El Paso Electric Co /Tx/)

Guaranty of Notes. As a result of the arrangements contemplated by the Trust Agreement and the Purchase Contract for the financing by the Issuer of nuclear fuel, the Company acknowledges that it will derive substantial benefit from the issuance of the Notes. To induce the holders of Notes to enter into this Agreement, the Company agrees with you, each Other Purchaser and any other holder of Notes (each such person, together with its successors and assigns permitted by this Agreementassigns, a “Guaranteed Party”) as follows:

Appears in 1 contract

Sources: Note Purchase Agreement (El Paso Electric Co /Tx/)