展示10.8

执行版本

保證協議

日期為

2024年10月24日

德意志銀行

維京控股有限公司

及

富國銀行、全國協會，

作為管理代理人

目錄

 

				頁面
1.		定義			1
2.		保證書			1
3.		進一步保證			4
4.		[保留]			4
5.		其他條款			4
6.		賠償保護;代位求償和資格凌駕			7
7.		放棄通知。在法律允許的範圍內，公司在交付、接受、履行、違約或執行本票和證券購買協議時及與此有關的所有要求和通知方面，均不可撤銷地放棄索款、通知、呈現、抗議及其他要求。			8
8.		司法權; 同意接受訴訟			8
9.		放棄陪審團審判			9
10.		權利 SEt-OFF			9
11.		[保留]			9
12.		借款人作為持有人代表			9

本 擔保協議，日期為2024年10月24日（如有修訂、重訂、補充或其他方式修改，簡稱為此「控股擔保」，由維京控股有限公司，一家根據百慕達法律組織成立有限責任的免稅公司（簡稱為「Holdings」，以及富國銀行國家協會，作為代理人（在該職位上，連同任何後繼者和被許可的受讓方，簡稱為此「行政費用。代理人）供擔保方。

見證：

鑒於，VIKING CRUISES LTD，一家根據百慕達法律組織成立的有限公司（以下簡稱“借款人），當時的貸方及管理代理已於2024年6月27日簽署了某份循環信用協議（並於2024年10月[ ]簽署的第一修訂協議及不時經修改、重申、修改和重申、補充或其他變更，合稱為“征信協議提供借款人的信貸延長; 並且

鑒於作為第一修正條款生效的條件，控制項是Holdings應該已經執行並交付此Holdings擔保來保證這些負債。

鑒於Holdings將從對借款人的信貸延長中獲益，因此希望執行這個Holdings擔保是為了滿足前段落中描述的條件並誘使貸方進入第一修正條款。

因此，各方同意如下:

 

1.

定義

在本信用協議中使用的大寫術語，除非另有定義，否則應根據信用協議中分配給它們的含義進行解釋。 關於這份「持有擔保」的提及，指的是這份持有擔保，包括所有修訂、修改和補充以及附文、展示和附表，並指這份持有擔保在提及變得有效時可能有效的情形。信用協議第1.02條規定的解釋規則也適用於這份持有擔保。

 

2.

擔保協議

(a) 擔保的擔保義務根據本條款第2條(g)和(h)所規定的限制，持有方無條件向行政代理商提供擔保，作為主要義務人，而非僅僅作為保證人，以共同及分別保證債務的準時支付和履行（「持有擔保義務」），以造益於受保護方。持有方進一步同意，持有擔保義務得以延長或部分更新，而無需通知或取得持有方的進一步同意，並且持有方將繼續對其在此擔保範圍內保證，儘管有關任何此類持有擔保義務的延長或更新。持有方放棄要求展示、向借款人提出要求付款的要求，同時也放棄對其擔保的接受通知和對逾期付款的警告的通知。持有的擔保債務義務債務義務的擔保額可在不通知或獲得持有方進一步同意的情況下延長或更新，持有方保證仍將負有其在此擔保下的保證義務，不受此類延長或部分更新任何持有擔保債務的通知限制。持有方放棄要求展示、向借款人提出要求付款的要求，同時也放棄對其擔保的接受通知和因不付款而要求抗議的通知。

(b) 付款擔保. Holdings進一步同意，其在此擔保構成支付的擔保，無論到期（無論是按規定的到期日、按加速或其他方式）仍是支付的擔保而非收款的擔保，並放棄要求管理代理人或任何其他安防方對為支付Holdings所擔保的義務或其他安防任何持有的安全採取任何措施的權利。

 

1

任何存款帳戶或行政代理人或任何其他受保護方帳冊上對借款人或任何其他人的餘額或額度。

(c) 無限制. 除非在第 5(g) 條所明確提供的 Holdings 責任終止或釋放，並且受此第 2 條條款(g)、(h)、(i) 和 (j) 所規定的限制所約束，Holdings根據本條款的責任不受任何理由的減少、限制、損害或終止，包括任何有關放棄、釋放、放棄、變更或妥協的主張，並且不受任何抗辯或 該平衡限制了特定條款的執行能力，包括規定需要或要求： 反訴、賠償或基於持有擔保義務的無效性、非法性或不可執行性或其他原因（除了支付或履行的抗辯）。在不限制前述情形的一般性的情況下，Holdings根據適用法律的允許範圍對根據本條款的 Holdings 的責任不會因行使要求或運用或執行任何貸款文件或其他情況下的任何權利或救濟的行為或不行使該等權利或救濟，而被解除、損害或以其他方式影響； 第 5(g)，不會因行政代理人或任何其他受保護方未主張任何要求或請求或未根據任何貸款文件或其他文件規定或其他情況行使或執行任何權利或救濟或取得任何補救，而解除、損害或以其他方式 受影響； （16）作為抵押品的商品，相關貨運文件和/或公司業務或運營中因債務而造成的限制，直接涉及存在抵押物或文件上的銀行或財務機構的债务的只有为债务之目的的留置權。 或任何時間對借款人、管理代理人或任何其他公司或個人所擁有的任何資產，無論是與此相關或無關的交易； 提供 不得因本協議而阻止通過單獨訴訟或強制反論主張任何此類索賠；及（ix）任何其他情況（包括但不限於任何時效規定）或管理代理人的任何陳述的存在或依賴，否則可能構成對借款人、控股方或任何其他擔保人或保證人的抗辯或合法或無權利的解除（除支付或履行的抗辯外）。控股方明確授權擔保方（或代表擔保方的管理代理人）為履行控股方擔保的義務而採取並持有資產，交換、放棄或解除所有此類資產（有或無對價），並自行決定執行或適用該等資產的方式和順序或釋放或替換任何一個或多個其他擔保人或債務人或前述控股方擔保的義務，所有這些均不影響控股方在本授權書下的義務。控股方放棄基於任何担保人的抗辯或控股方擔保的義務或其任何部分因任何原因而導致的不可強制執行性或對控股方或任何担保人的責任因任何原因停止的抗辯，其他只有在全部控股方擔保的義務（其中未提出任何索賠的條件性賠償義務除外）以現金完全支付並立即可用資金終止所有授信額度及所有信用證（未以適當方式抵押給相關發卡銀行者）的情況下，管理代理人可根據抵押協議的條款自行選擇依法或非法拍賣其持有的任何資產，接受任何此類資產的轉讓以代替拍賣，達成或調整控股方擔保的義務的任一部分，與借款人、控股方或任何担保人達成任何其他安排或行使對借款人或控股方或任何担保人可用的任何其他權利或救濟，而不以任何方式損害或削弱

 

2

除持有擔保義務（未提出索賠的情況下）及終止 所有承諾和所有信用證之外，都對持有作出的保證或信用不提出異議（除了以一種對適用發卡銀行買方可以接受的方式提供抵押的信用證之外）。在適用法律允許的範圍內，持有放棄因此選擇而產生的任何 請求，即使根據適用法律，此類選擇導致損害或撤銷持有對借款人或任何其他 guarantor的任何權利或代償權或其他權利或賠償之辯護。

(d) 復職儘管根據 第5條（g）（i）條款的規定，持有同意其在此擔保的擔保應繼續有效或恢復，如其所述，如果在任何時候，對任何擔保的Obligation的支付或部分支付被管理代理人或任何其他Secured Party依 其所選擇，於借款人，持有或任何保證人的破產、破產、解散、清算或重組後，或因借款人，持有或任何保證人或其財產的重大部分的被任命收款人，介入者或保全人，或被任命為 借款人，保管人或任何保證人或其財產的受託人，或其他情況下或結果，均彷彿該支付未發生一樣。

(e) 協議 到 支付；代位權為了完成前述事項且不限於 管理代理人或任何其他Secured Party對持有透過本擔保所享有的任何法律或衡平權利之外的任何權利，但受限於第2條中(g)、(h)、(i)和(j)的規定，如果借款人或任何保證人未能在持有所擔保的Obligation到期時支付任何款項（在適用寬限期之後），無論在到期日，加速還是其他情況下，持有均諾並將立即支付，或將立即支付，透過現金或即時可用資金，給管理代理人，以便分配給適當的Secured Party筆未付的持有所擔保的Obligation之金額。 按照以上提供款項給管理代理人的持有支付，持有對借款人或保證人的全部權利，因此而產生的任何數額，以代位權、貢獻、退款、賠償或其他方式所享有的權利，在所有方面均需受限於第6條。

(f) 資訊董事會應對了解並保持關於借款人及每位保證人的財務狀況和資產，以及對於董事會所承擔的融資義務不支付風險之效應以及此處董事會所承擔和根本的所有風險之性質、範圍和程度的一切相關情況，並同意無論是行政代理還是其他抵押人都沒有義務向董事會提供其所知的任何關於這些情況或風險的信息。

(g) 最大責任董事會通過接受這份董事會擔保書，行政代理和每位抵押人在此確認，所有這些人的意圖是這份董事會擔保書和董事會在此擔保的義務並不構成根據現行或日後修訂的美國法典第11條（Title 11 of the United States Code）或任何其他聯邦、州或外國破產、無力清償、托管或類似法律，統一不正當轉讓法（Uniform Fraudulent Conveyance Act）、統一不正當轉移法（Uniform Fraudulent Transfer Act）或任何適用於這份董事會擔保書和董事會在此擔保的義務的類似外國、聯邦或州法律的詐欺性轉讓或轉移。為實現前述意圖，行政代理、抵押人和董事會在此不可撤銷地同意，這份董事會擔保書下的董事會在此擔保的義務在任何時候應限制為最大金額，以使董事會在此下的董事會擔保書的義務不構成欺詐性轉讓或轉移。

 

3

(h) 關於所有板塊的限制。 儘管在本所有板塊擔保書中的任何其他條款，此所有板塊擔保書應僅限於有關時間點的所有板塊淨資產。

 

3.

進一步保證

所有板塊同意，根據行政代理的書面要求，不時向行政代理簽署並交付任何行政代理合理認為必要的額外工具或文件，以使此所有板塊擔保書依其條款成為、變為或保持有效。

 

4.

[保留]

 

5.

其他條款

(a) 完整協議此所有板塊擔保書構成各方相對於此特定主題的整個合同。各方就此特定主題而言之任何其他先前協議均被此所有板塊擔保書取代。本所有板塊擔保書中陳述或暗示的內容，不意圖授予除本文各方、其各自根據本文允許的繼承人和受讓人（包括發行任何信用證的任何發行借款人的聯屬公司）外的任何人（包括行政代理、主安排人、發行借款人和貸款人的相關方，至此明確考慮在內）根據本所有板塊擔保書的權利、救濟、義務或責任。

(b) 標題和標題說明. 在本擔保保證書内，各部分和子部分的標題和說明以及目錄僅供方便起見，並且並不限制或擴展本擔保保證書的條款。

(c) 規定的可分性. 本擔保保證書的任何條款在任何司法管轄區被禁止或無法強制執行的，對該司法管轄區而言僅在該禁止或無法強制執行的範圍內是無效的，並且不影響該條款的其餘部分或本擔保保證書中的其他條款的有效性或強制執行性。如果某一條款在任何司法管轄區被認為被禁止或無法執行，管理代理人、貸方和控股公司將誠信協商修訂該條款，以在該司法管轄區保留其原始意圖（經要求貸方的批准）。

(d) 通知. 此處提供的所有通知和其他通信應（i）書面形式並通過親自遞交或隔夜快遞服務傳遞，（ii）按以下方式通過授權或註冊郵件寄出，或（iii）按以下方式透過電子郵件發送：

如果發送給借款人：

維京郵輪有限公司

5700 Canoga Avenue, Suite 200

Woodland Hills, California 91367

注意：合同

電話 號碼：(818) 227-1234

電子郵件：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.

[Remainder of page intentionally left blank; signature pages follow]

 

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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):