Common use of Status of Guarantees Clause in Contracts

Status of Guarantees. Neither the JPMorgan Chase Bank, N.A. Guarantee nor the JPMorgan Chase & Co. Guarantee is a deposit insured by the U.S. Federal Deposit Insurance Corporation ("FDIC") or any other government authority. A. Guarantee is an unsecured and unsubordinated obligation of JPMorgan Chase Bank, N.A., and not of JPMorgan Chase & Co. or of any of its affiliates (each a "▇.▇. ▇▇▇▇▇▇ affiliate"), and will rank pari passu with all other unsecured and unsubordinated indebtedness of JPMorgan Chase Bank, N.A., subject to a preference in favour of certain U.S. domestic deposit liabilities or any other obligations that are subject to any priorities or preferences. The JPMorgan Chase & Co. Guarantee is an unsecured and unsubordinated obligation of JPMorgan Chase & Co., and not of JPMorgan Chase Bank, N.A. or of any ▇.▇. ▇▇▇▇▇▇ affiliate and will rank pari passu with all other unsecured and unsubordinated indebtedness of JPMorgan Chase & Co., subject to a preference in favour of any obligations that are subject to any priorities or preferences.

Appears in 3 contracts

Sources: Structured Products Prospectus, Structured Products Programme, Structured Products Programme