展示10.8

执行版本

保证协议

日期为

2024年10月24日

德意志银行

维京控股有限公司

及

富国银行、全国协会，

作为管理代理人

目录

 

				页面
1.		定义			1
2.		保证书			1
3.		进一步保证			4
4.		[保留]			4
5.		其他条款			4
6.		赔偿保护;代位求偿和资格凌驾			7
7.		放弃通知。在法律允许的范围内，公司在交付、接受、履行、违约或执行本票和证券购买协议时及与此有关的所有要求和通知方面，均不可撤销地放弃索款、通知、呈现、抗议及其他要求。			8
8.		司法权; 同意接受诉讼			8
9.		放弃陪审团审判			9
10.		权利 SEt-OFF			9
11.		[保留]			9
12.		借款人作为持有人代表			9

本 担保协议，日期为2024年10月24日（如有修订、重订、补充或其他方式修改，简称为此「控股担保」，由维京控股有限公司，一家根据百慕达法律组织成立有限责任的免税公司（简称为「Holdings」，以及富国银行国家协会，作为代理人（在该职位上，连同任何后继者和被许可的受让方，简称为此「行政费用。代理人）供担保方。

见证：

鉴于，VIKING CRUISES LTD，一家根据百慕达法律组织成立的有限公司（以下简称“借款人），当时的贷方及管理代理已于2024年6月27日签署了某份循环信用协议（并于2024年10月[ ]签署的第一修订协议及不时经修改、重申、修改和重申、补充或其他变更，合称为“征信协议提供借款人的信贷延长; 并且

鉴于作为第一修正条款生效的条件，控制项是Holdings应该已经执行并交付此Holdings担保来保证这些负债。

鉴于Holdings将从对借款人的信贷延长中获益，因此希望执行这个Holdings担保是为了满足前段落中描述的条件并诱使贷方进入第一修正条款。

因此，各方同意如下:

 

1.

定义

在本信用协议中使用的大写术语，除非另有定义，否则应根据信用协议中分配给它们的含义进行解释。 关于这份「持有担保」的提及，指的是这份持有担保，包括所有修订、修改和补充以及附文、展示和附表，并指这份持有担保在提及变得有效时可能有效的情形。信用协议第1.02条规定的解释规则也适用于这份持有担保。

 

2.

担保协议

(a) 担保的担保义务根据本条款第2条(g)和(h)所规定的限制，持有方无条件向行政代理商提供担保，作为主要义务人，而非仅仅作为保证人，以共同及分别保证债务的准时支付和履行（「持有担保义务」），以造益于受保护方。持有方进一步同意，持有担保义务得以延长或部分更新，而无需通知或取得持有方的进一步同意，并且持有方将继续对其在此担保范围内保证，尽管有关任何此类持有担保义务的延长或更新。持有方放弃要求展示、向借款人提出要求付款的要求，同时也放弃对其担保的接受通知和对逾期付款的警告的通知。持有的担保债务义务债务义务的担保额可在不通知或获得持有方进一步同意的情况下延长或更新，持有方保证仍将负有其在此担保下的保证义务，不受此类延长或部分更新任何持有担保债务的通知限制。持有方放弃要求展示、向借款人提出要求付款的要求，同时也放弃对其担保的接受通知和因不付款而要求抗议的通知。

(b) 付款担保. Holdings进一步同意，其在此担保构成支付的担保，无论到期（无论是按规定的到期日、按加速或其他方式）仍是支付的担保而非收款的担保，并放弃要求管理代理人或任何其他安防方对为支付Holdings所担保的义务或其他安防任何持有的安全采取任何措施的权利。

 

1

任何存款账户或行政代理人或任何其他受保护方帐册上对借款人或任何其他人的余额或额度。

(c) 无限制. 除非在第 5(g) 条所明确提供的 Holdings 责任终止或释放，并且受此第 2 条条款(g)、(h)、(i) 和 (j) 所规定的限制所约束，Holdings根据本条款的责任不受任何理由的减少、限制、损害或终止，包括任何有关放弃、释放、放弃、变更或妥协的主张，并且不受任何抗辩或 该平衡限制了特定条款的执行能力，包括规定需要或要求： 反诉、赔偿或基于持有担保义务的无效性、非法性或不可执行性或其他原因（除了支付或履行的抗辩）。在不限制前述情形的一般性的情况下，Holdings根据适用法律的允许范围对根据本条款的 Holdings 的责任不会因行使要求或运用或执行任何贷款文件或其他情况下的任何权利或救济的行为或不行使该等权利或救济，而被解除、损害或以其他方式影响； 第 5(g)，不会因行政代理人或任何其他受保护方未主张任何要求或请求或未根据任何贷款文件或其他文件规定或其他情况行使或执行任何权利或救济或取得任何补救，而解除、损害或以其他方式 受影响； （16）作为抵押品的商品，相关货运文件和/或公司业务或运营中因债务而造成的限制，直接涉及存在抵押物或文件上的银行或财务机构的债务的只有为债务之目的的留置权。 或任何时间对借款人、管理代理人或任何其他公司或个人所拥有的任何资产，无论是与此相关或无关的交易； 提供 不得因本协议而阻止通过单独诉讼或强制反论主张任何此类索赔；及（ix）任何其他情况（包括但不限于任何时效规定）或管理代理人的任何陈述的存在或依赖，否则可能构成对借款人、控股方或任何其他担保人或保证人的抗辩或合法或无权利的解除（除支付或履行的抗辩外）。控股方明确授权担保方（或代表担保方的管理代理人）为履行控股方担保的义务而采取并持有资产，交换、放弃或解除所有此类资产（有或无对价），并自行决定执行或适用该等资产的方式和顺序或释放或替换任何一个或多个其他担保人或债务人或前述控股方担保的义务，所有这些均不影响控股方在本授权书下的义务。控股方放弃基于任何担保人的抗辩或控股方担保的义务或其任何部分因任何原因而导致的不可强制执行性或对控股方或任何担保人的责任因任何原因停止的抗辩，其他只有在全部控股方担保的义务（其中未提出任何索赔的条件性赔偿义务除外）以现金完全支付并立即可用资金终止所有授信额度及所有信用证（未以适当方式抵押给相关发卡银行者）的情况下，管理代理人可根据抵押协议的条款自行选择依法或非法拍卖其持有的任何资产，接受任何此类资产的转让以代替拍卖，达成或调整控股方担保的义务的任一部分，与借款人、控股方或任何担保人达成任何其他安排或行使对借款人或控股方或任何担保人可用的任何其他权利或救济，而不以任何方式损害或削弱

 

2

除持有担保义务（未提出索赔的情况下）及终止 所有承诺和所有信用证之外，都对持有作出的保证或信用不提出异议（除了以一种对适用发卡银行买方可以接受的方式提供抵押的信用证之外）。在适用法律允许的范围内，持有放弃因此选择而产生的任何 请求，即使根据适用法律，此类选择导致损害或撤销持有对借款人或任何其他 guarantor的任何权利或代偿权或其他权利或赔偿之辩护。

(d) 复职尽管根据 第5条（g）（i）条款的规定，持有同意其在此担保的担保应继续有效或恢复，如其所述，如果在任何时候，对任何担保的Obligation的支付或部分支付被管理代理人或任何其他Secured Party依 其所选择，于借款人，持有或任何保证人的破产、破产、解散、清算或重组后，或因借款人，持有或任何保证人或其财产的重大部分的被任命收款人，介入者或保全人，或被任命为 借款人，保管人或任何保证人或其财产的受托人，或其他情况下或结果，均仿佛该支付未发生一样。

(e) 协议 到 支付；代位权为了完成前述事项且不限于 管理代理人或任何其他Secured Party对持有透过本担保所享有的任何法律或衡平权利之外的任何权利，但受限于第2条中(g)、(h)、(i)和(j)的规定，如果借款人或任何保证人未能在持有所担保的Obligation到期时支付任何款项（在适用宽限期之后），无论在到期日，加速还是其他情况下，持有均诺并将立即支付，或将立即支付，透过现金或即时可用资金，给管理代理人，以便分配给适当的Secured Party笔未付的持有所担保的Obligation之金额。 按照以上提供款项给管理代理人的持有支付，持有对借款人或保证人的全部权利，因此而产生的任何数额，以代位权、贡献、退款、赔偿或其他方式所享有的权利，在所有方面均需受限于第6条。

(f) 资讯董事会应对了解并保持关于借款人及每位保证人的财务状况和资产，以及对于董事会所承担的融资义务不支付风险之效应以及此处董事会所承担和根本的所有风险之性质、范围和程度的一切相关情况，并同意无论是行政代理还是其他抵押人都没有义务向董事会提供其所知的任何关于这些情况或风险的信息。

(g) 最大责任董事会通过接受这份董事会担保书，行政代理和每位抵押人在此确认，所有这些人的意图是这份董事会担保书和董事会在此担保的义务并不构成根据现行或日后修订的美国法典第11条（Title 11 of the United States Code）或任何其他联邦、州或外国破产、无力清偿、托管或类似法律，统一不正当转让法（Uniform Fraudulent Conveyance Act）、统一不正当转移法（Uniform Fraudulent Transfer Act）或任何适用于这份董事会担保书和董事会在此担保的义务的类似外国、联邦或州法律的诈欺性转让或转移。为实现前述意图，行政代理、抵押人和董事会在此不可撤销地同意，这份董事会担保书下的董事会在此担保的义务在任何时候应限制为最大金额，以使董事会在此下的董事会担保书的义务不构成欺诈性转让或转移。

 

3

(h) 关于所有板块的限制。 尽管在本所有板块担保书中的任何其他条款，此所有板块担保书应仅限于有关时间点的所有板块净资产。

 

3.

进一步保证

所有板块同意，根据行政代理的书面要求，不时向行政代理签署并交付任何行政代理合理认为必要的额外工具或文件，以使此所有板块担保书依其条款成为、变为或保持有效。

 

4.

[保留]

 

5.

其他条款

(a) 完整协议此所有板块担保书构成各方相对于此特定主题的整个合同。各方就此特定主题而言之任何其他先前协议均被此所有板块担保书取代。本所有板块担保书中陈述或暗示的内容，不意图授予除本文各方、其各自根据本文允许的继承人和受让人（包括发行任何信用证的任何发行借款人的联属公司）外的任何人（包括行政代理、主安排人、发行借款人和贷款人的相关方，至此明确考虑在内）根据本所有板块担保书的权利、救济、义务或责任。

(b) 标题和标题说明. 在本担保保证书内，各部分和子部分的标题和说明以及目录仅供方便起见，并且并不限制或扩展本担保保证书的条款。

(c) 规定的可分性. 本担保保证书的任何条款在任何司法管辖区被禁止或无法强制执行的，对该司法管辖区而言仅在该禁止或无法强制执行的范围内是无效的，并且不影响该条款的其余部分或本担保保证书中的其他条款的有效性或强制执行性。如果某一条款在任何司法管辖区被认为被禁止或无法执行，管理代理人、贷方和控股公司将诚信协商修订该条款，以在该司法管辖区保留其原始意图（经要求贷方的批准）。

(d) 通知. 此处提供的所有通知和其他通信应（i）书面形式并通过亲自递交或隔夜快递服务传递，（ii）按以下方式通过授权或注册邮件寄出，或（iii）按以下方式透过电子邮件发送：

如果发送给借款人：

维京邮轮有限公司

5700 Canoga Avenue, Suite 200

Woodland Hills, California 91367

注意：合同

电话 号码：(818) 227-1234

电子邮件：contracts@viking.com

 

4

With a copy to (which copy shall be delivered as an accommodation and shall not be required to be delivered in satisfaction of any requirement hereof and shall not constitute notice for any purposes hereof):

Milbank LLP

55 Hudson Yards

New York, NY 10001

Attention: Antonio Diaz-Albertini // Jonathan Jackson

Telephone No.: (212) 530-5002 // (212) 530-5503

Email: ADiaz-Albertini@milbank.com // JJackson@milbank.com

If to Holdings:

Viking Holdings Ltd

5700 Canoga Avenue, Suite 200

Woodland Hills, California 91367

Attention: Contracts

Telephone No.: (818) 227-1234

Email: contracts@viking.com

With a copy to (which copy shall be delivered as an accommodation and shall not be required to be delivered in satisfaction of any requirement hereof and shall not constitute notice for any purposes hereof):

Milbank LLP

55 Hudson Yards

New York, NY 10001

Attention: Antonio Diaz-Albertini // Jonathan Jackson

Telephone No.: (212) 530-5002 // (212) 530-5503

Email: ADiaz-Albertini@milbank.com // JJackson@milbank.com

If to Wells Fargo, as Administrative Agent:

Wells Fargo Bank, National Association

MAC D1109-019

1525 West W.T. Harris Blvd.

Charlotte, NC 28262

Attention: Syndication Agency Services

Telephone No.: (704) 590-2706

Facsimile No.: (844) 879-5899

Email: Agencyservices.requests@wellsfargo.com

With a copy to (which copy shall be delivered as an accommodation and shall not be required to be delivered in satisfaction of any requirement hereof):

Latham & Watkins LLP

330 North Wabash Avenue, Suite 2800

Chicago, Illinois 60611

Attention: Noah Weiss

Telephone No.: (312) 876-6527

Email: noah.weiss@lw.com

 

5

Latham & Watkins LLP

330 North Wabash Avenue, Suite 2800

Chicago, Illinois 60611

Attention: Christopher Lueking

Telephone No.: (312) 876-7680

Email: christopher.lueking@lw.com

(e) Successors and Assigns. Whenever in this Holdings Guaranty Holdings is referred to, such reference shall be deemed to include the permitted successors and assigns of such party; and all covenants, promises and agreements by Holdings that are contained in this Holdings Guaranty shall bind and inure to the benefit of its respective permitted successors and assigns.

(f) No Waiver; Cumulative Remedies; Amendments. No failure or delay by the Administrative Agent in exercising any right, power or remedy hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such right, power or remedy preclude any other or further exercise thereof or the exercise of any other right, power or remedy. The rights, powers and remedies of the Administrative Agent hereunder are cumulative and are not exclusive of any rights, powers or remedies that it would otherwise have. No waiver of any provision of this Holdings Guaranty or consent to any departure by Holdings therefrom shall in any event be effective unless the same shall be permitted by this Section 5(f), and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given. Without limiting the generality of the foregoing, the making of any Loan shall not be construed as a waiver of any Default or Event of Default, regardless of whether the Administrative Agent may have had notice or knowledge of such Default or Event of Default at the time. No notice or demand on Holdings in any case shall entitle Holdings to any other or further notice or demand in similar or other circumstances. When making any demand hereunder against Holdings, the Administrative Agent or any other Secured Party may, but shall be under no obligation to, make a similar demand on the Borrower or any guarantor, and any failure by the Administrative Agent or any other Secured Party to make any such demand or to collect any payments from the Borrower or any guarantor or any release of the Borrower or any guarantor shall not relieve Holdings in respect of which a demand or collection is not made or any of the Guarantors not so released of their several obligations or liabilities hereunder, and shall not impair or affect the rights and remedies, express or implied, or as a matter of law, of the Administrative Agent or any other Secured Party against Holdings. For the purposes hereof “demand” shall include the commencement and continuance of any legal proceedings. Neither this Holdings Guaranty nor any provision hereof may be waived, amended or modified (other than termination or release of this Holdings Guaranty pursuant to Section 5(g) or as provided in Section 11) except as provided in Section 9.08 of the Credit Agreement, as applicable to this Holdings Guaranty mutatis mutandis.

(g) Termination and Release.

(i) This Holdings Guaranty shall automatically terminate on the Termination Date.

(ii) Holdings shall automatically be released from its obligations hereunder:

(A) in connection with any sale or other disposition of all or substantially all of the assets of Holdings (including by way of merger, consolidation, amalgamation or combination) to a Person that is not (either before or after giving effect to such transaction) the Borrower or a Restricted Subsidiary, in each case to the extent such sale or other disposition (x) does not constitute a Change of Control or (y) the Borrower receives the prior written consent of the Required Lenders in accordance with Section 9.08 of the Credit Agreement in connection therewith;

 

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(B) upon payment in full in cash of all Obligations and termination of the Revolving Credit Commitments.

(iii) In connection with any termination or release pursuant to this Section 5(g), the Administrative Agent shall execute and deliver to the Borrower all documents that the Borrower shall reasonably request to evidence such termination or release. Any execution and delivery of documents pursuant to this Section 5(g) shall be made without recourse to or warranty by the Administrative Agent. The Borrower agrees to pay all reasonable and documented out-of-pocket expenses incurred by the Administrative Agent in connection with the execution and delivery of such documents.

(h) Counterparts; Integration; Effectiveness. This Holdings Guaranty may be executed in counterparts (and by different parties hereto in different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Holdings Guaranty constitutes the entire contract among the parties relating to the subject matter hereof and supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof. This Holdings Guaranty shall become effective when it shall have been executed by the Administrative Agent and when the Administrative Agent shall have received counterparts hereof that, when taken together, bear the signatures of each of the other parties hereto. Delivery of an executed counterpart of a signature page of this Holdings Guaranty by facsimile or in electronic (i.e., “pdf” or “tif”) format shall be effective as delivery of a manually executed counterpart of this Holdings Guaranty. The words “execution,” “execute”, “signed,” “signature,” and words of like import in or related to any document to be signed in connection with this Holdings Guaranty and the transactions contemplated hereby shall be deemed to include electronic signatures, the electronic matching of assignment terms and contract formations on electronic platforms approved by the Administrative Agent, or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any Applicable Law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act; provided that notwithstanding anything contained herein to the contrary the Administrative Agent is under no obligation to agree to accept electronic signatures in any form or in any format unless expressly agreed to by the Administrative Agent pursuant to procedures approved by it.

 

6.	INDEMNITY; SUBROGATION AND SUBORDINATION

(a) Indemnity and Subrogation. In addition to all such rights of indemnity and subrogation as Holdings may have under Applicable Law (but subject to Section 6(c) hereof), the Borrower agrees that (i) in the event a payment shall be made by Holdings under this Holdings Guaranty in respect of any Holdings Guaranteed Obligation of the Borrower, the Borrower shall indemnify Holdings for the full amount of such payment and Holdings shall be subrogated to the rights of the person to whom such payment shall have been made to the extent of such payment and (ii) in the event any assets of Holdings shall be sold pursuant to any Security Document to satisfy in whole or in part a Guaranteed Obligation of the Borrower, the Borrower shall indemnify Holdings in an amount equal to the greater of the book value or the fair market value of the assets so sold.

(b) Contribution and Subrogation. Holdings (in such capacity, a “Contributing Guarantor”) agrees (subject to Section 2(h) and Section 6(c) hereof) that, in the event a payment shall be made by any Guarantor under any Loan Document in respect of any Holdings Guaranteed Obligation or assets of any Guarantor shall be sold pursuant to any Security Document to satisfy any Holdings Guaranteed Obligation owed to any Secured Party and such Guarantor (the “Claiming Guarantor”) shall not have been fully indemnified by the Borrower as provided in Section 6(a) hereof, the Contributing Guarantor shall indemnify the Claiming Guarantor in an amount equal to the amount of such payment or the greater of the book value

 

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or the fair market value of such assets, as applicable, in each case multiplied by a fraction of which the numerator shall be the net worth of such Contributing Guarantor on the date hereof and the denominator shall be the aggregate net worth of all the Guarantors on the date hereof (or, in the case of any Guarantor becoming a party to the Guarantee Agreement pursuant to Section 5.12(b) of the Credit Agreement, the date of the supplement thereto executed and delivered by such Guarantor). Any Contributing Guarantor making any payment to a Claiming Guarantor pursuant to this Section 6(b) (or such equivalent section under the Guarantee Agreement, as applicable) shall be subrogated to the rights of such Claiming Guarantor under Section 6(a) (or such equivalent section under the Guarantee Agreement, as applicable) hereof to the extent of such payment. The provisions of this Section 6(b) shall in no respect limit the obligations and liabilities of Holdings to the Administrative Agent and the other Secured Parties, and Holdings shall remain liable to the Administrative Agent and the other Secured Parties for the full amount guaranteed by Holdings hereunder.

(c) Subordination. Notwithstanding any provision of this Holdings Guaranty to the contrary, all rights of Holdings under Section 6(a) hereof and all other rights of indemnity or subrogation of Holdings under Applicable Law or otherwise shall be fully subordinated to the Holdings Guaranteed Obligations until the occurrence of the Termination Date. Notwithstanding any payment or payments made by Holdings hereunder or any set-off or appropriation or application of funds of Holdings by any Secured Party, Holdings shall not be entitled to be subrogated to any of the rights of the Administrative Agent or any other Secured Party against the Borrower or any Guarantor or any collateral security or guarantee or right of set-off held by any Secured Party for the payment of the Holdings Guaranteed Obligations until the Termination Date shall have occurred, nor shall Holdings seek or be entitled to seek any contribution or reimbursement from the Borrower or any Guarantor in respect of payments made by Holdings hereunder until the Termination Date shall have occurred. If any amount shall be paid to Holdings on account of such subrogation rights at any time prior to the Termination Date of the Holdings Guaranteed Obligations, such amount shall be held by Holdings in trust for, or in the name and on behalf of, the Administrative Agent and the other Secured Parties, segregated from other funds of Holdings, and shall, forthwith upon receipt by Holdings, be paid to the Administrative Agent to be credited and applied against the Holdings Guaranteed Obligations, whether matured or unmatured, in accordance with the terms of the Credit Agreement. No failure on the part of the Borrower to make the payments required by Sections 6(a) and 6(b) hereof (or any other payments required under Applicable Law or otherwise) shall in any respect limit the obligations and liabilities of the Borrower with respect to its Obligations, and the Borrower shall remain liable for the full amount of its respective Obligations.

 

7.	GOVERNING LAW

THIS HOLDINGS GUARANTY AND ANY CLAIM, CONTROVERSY, DISPUTE OR CAUSE OF ACTION (WHETHER IN CONTRACT OR TORT OR OTHERWISE) BASED UPON, ARISING OUT OF OR RELATING TO THIS HOLDINGS GUARANTY AND THE TRANSACTIONS CONTEMPLATED HEREBY AND THEREBY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

 

8.	JURISDICTION; CONSENT TO SERVICE OF PROCESS

(a) Submission to Jurisdiction. Holdings irrevocably and unconditionally agrees that it will not commence any action, litigation or proceeding of any kind or description, whether in law or equity, whether in contract or in tort or otherwise, against the Administrative Agent, the Lead Arranger, any Lender, any Issuing Lender, the Swingline Lender, or any Related Party of the foregoing in any way relating to this Holdings Guaranty or the transactions relating hereto or thereto, in any forum other than the courts of the State of New York sitting in New York County, and of the United States District Court of the Southern District of New York, and any appellate court from any thereof, and each of the parties hereto irrevocably

 

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and unconditionally submits to the exclusive jurisdiction of such courts and agrees that all claims in respect of any such action, litigation or proceeding may be heard and determined in such New York State court or, to the fullest extent permitted by Applicable Law, in such federal court. Each of the parties hereto agrees that a final judgment in any such action, litigation or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this Holdings Guaranty shall affect any right that the Administrative Agent, any Lender, any Issuing Lender or the Swingline Lender may otherwise have to bring any action or proceeding relating to this Holdings Guaranty against any Loan Party or its properties in the courts of any jurisdiction.

(b) Waiver of Venue. Holdings irrevocably and unconditionally waives, to the fullest extent permitted by Applicable Law, any objection that it may now or hereafter have to the laying of venue of any action or proceeding arising out of or relating to this Holdings Guaranty in any court referred to in paragraph (b) of this Section. Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by Applicable Law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court.

(c) Service of Process. Each party hereto irrevocably consents to service of process in the manner provided for notices in Section 5(d) hereof. Nothing in this Holdings Guaranty will affect the right of any party hereto to serve process in any other manner permitted by Applicable Law.

 

9.	WAIVER OF JURY TRIAL

EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS HOLDINGS GUARANTY OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY).

 

10.	RIGHT OF SET-OFF

Section 9.06 of the Credit Agreement is by this reference incorporated herein, mutatis mutandis, as if set forth herein in full and shall apply to Holdings.

 

11.	[RESERVED]

 

12.	AGENCY OF BORROWER FOR HOLDINGS

Holdings hereby irrevocably appoints the Borrower as its agent for all purposes relevant to this Holdings Guaranty, including the giving and receipt of notices and the execution and delivery of all documents, instruments and certificates contemplated herein and therein and all modifications hereto and thereto, and the Borrower hereby accepts such appointment.

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IN WITNESS WHEREOF, the undersigned has caused this Holdings Guaranty to be executed and delivered as of the date first above written.

 

[Signature Page to Guarantee Agreement]

Acknowledged and agreed with respect to Section 6 (Indemnity; Subrogation and Subordination), Section 7 (Governing Law), Section 8 (Jurisdiction; Consent to Service of Process), Section 9 (Waiver of Jury Trial), Section 11 (Right of Setoff), and Section 12 (Agency of Borrower for Holdings):