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SIRI » Topics » Other Guarantees

This excerpt taken from the SIRI 10-Q filed Nov 1, 2007.
Other Guarantees”); and

          WHEREAS, the Guarantors are Material Subsidiaries of the Customer and, as such, will benefit by virtue of the financial accommodations extended to the Customer by the Lenders.

          NOW, THEREFORE, in consideration of the foregoing, the Guarantors hereby jointly and severally agree as follows:

ARTICLE XXXIII.GUARANTEE.

SECTION 33.01. Obligations Guaranteed

          The Guarantors jointly and severally hereby absolutely, unconditionally and irrevocably guarantee, as primary obligor and not merely as sureties,

           (i)  the punctual payment when due, whether at stated maturity, by prepayment, by acceleration or otherwise, of all obligations of the Customer arising under the Customer Credit Agreement, the Notes and the other Loan Documents, whether for principal, interest (including without limitation, to the extent permitted by law, interest on any overdue principal and interest at the rates specified in the Notes and interest accruing or becoming owing both prior to and subsequent to the commencement of any bankruptcy, insolvency, examinership, reorganization, moratorium or similar proceeding involving the Customer), fees, expenses, indemnification or otherwise, and

D-1

           (ii)  the due and punctual performance and observance by the Customer of all covenants, agreements and conditions on its part to be performed and observed under the Customer Credit Agreement, the Notes and the other Loan Documents.

(all such obligations are called the “

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