Document:

Floating Rate Junior Subordinated Deferrable Interest Debenture

 Exhibit 4.10 
  
 FLOATING RATE JUNIOR SUBORDINATED DEFERRABLE INTEREST DEBENTURE 
  
 THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
AMENDED (THE “SECURITIES ACT”), ANY STATE SECURITIES LAWS OR ANY OTHER APPLICABLE SECURITIES LAW. NEITHER THIS SECURITY NOR ANY INTEREST OR PARTICIPATION HEREIN MAY BE REOFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED, ENCUMBERED OR
OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION OR UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND ANY APPLICABLE STATE SECURITIES LAWS. THE HOLDER OF THIS SECURITY BY ITS
ACCEPTANCE HEREOF AGREES TO OFFER, SELL OR OTHERWISE TRANSFER THIS SECURITY ONLY (A) TO THE COMPANY, (B) PURSUANT TO A REGISTRATION STATEMENT THAT HAS BEEN DECLARED EFFECTIVE UNDER THE SECURITIES ACT, (C) TO A PERSON WHOM THE SELLER REASONABLY
BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A SO LONG AS THIS SECURITY IS ELIGIBLE FOR RESALE PURSUANT TO RULE 144A IN ACCORDANCE WITH RULE 144A, (D) TO A NON-U.S. PERSON IN AN OFFSHORE
TRANSACTION IN ACCORDANCE WITH RULE 903 OR RULE 904 (AS APPLICABLE) OF REGULATION S UNDER THE SECURITIES ACT, (E) TO AN INSTITUTIONAL “ACCREDITED INVESTOR” WITHIN THE MEANING OF SUBPARAGRAPH (A) OF RULE 501 UNDER THE SECURITIES ACT THAT IS
ACQUIRING THIS SECURITY FOR ITS OWN ACCOUNT, OR FOR THE ACCOUNT OF SUCH AN INSTITUTIONAL ACCREDITED INVESTOR, FOR INVESTMENT PURPOSES AND NOT WITH A VIEW TO, OR FOR OFFER OR SALE IN CONNECTION WITH, ANY DISTRIBUTION IN VIOLATION OF THE SECURITIES
ACT, OR (F) PURSUANT TO ANY OTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, SUBJECT TO THE COMPANY’S RIGHT PRIOR TO ANY SUCH OFFER, SALE OR TRANSFER TO REQUIRE THE DELIVERY OF AN OPINION OF COUNSEL,
CERTIFICATION AND/OR OTHER INFORMATION SATISFACTORY TO EACH OF THEM IN ACCORDANCE WITH THE INDENTURE, A COPY OF WHICH MAY BE OBTAINED FROM THE COMPANY. 
  
 THE HOLDER OF THIS SECURITY BY ITS ACCEPTANCE HEREOF ALSO AGREES, REPRESENTS AND WARRANTS THAT IT IS NOT AN EMPLOYEE BENEFIT, INDIVIDUAL RETIREMENT
ACCOUNT OR OTHER PLAN OR ARRANGEMENT SUBJECT TO TITLE I OF THE EMPLOYMENT RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”), OR SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”) (EACH A
“PLAN”), OR AN ENTITY WHOSE UNDERLYING ASSETS INCLUDE “PLAN ASSETS” BY REASON OF ANY PLAN’S INVESTMENT IN THE ENTITY, AND NO PERSON INVESTING “PLAN ASSETS” OF ANY PLAN MAY ACQUIRE OR HOLD THE SECURITIES OR ANY
INTEREST THEREIN, UNLESS SUCH PURCHASER OR HOLDER IS ELIGIBLE FOR EXEMPTIVE RELIEF AVAILABLE UNDER U.S. DEPARTMENT OF LABOR PROHIBITED TRANSACTION CLASS EXEMPTION 96-23, 95-60, 91-38, 90-1 OR 84-14 OR ANOTHER APPLICABLE EXEMPTION OR ITS PURCHASE AND
HOLDING OF THIS SECURITY IS NOT PROHIBITED BY SECTION 406 OF ERISA OR SECTION 4975 OF THE CODE WITH RESPECT TO SUCH PURCHASE OR HOLDING. ANY PURCHASER OR HOLDER OF THE SECURITIES OR ANY INTEREST THEREIN WILL BE DEEMED TO HAVE REPRESENTED BY ITS
PURCHASE AND HOLDING THEREOF THAT EITHER (i) IT IS NOT AN EMPLOYEE BENEFIT PLAN WITHIN THE MEANING OF SECTION 3(3) OF ERISA, OR A PLAN TO WHICH SECTION 4975 OF THE CODE IS APPLICABLE, A TRUSTEE OR OTHER PERSON ACTING ON BEHALF OF AN EMPLOYEE BENEFIT
PLAN OR PLAN, OR ANY OTHER PERSON OR ENTITY USING THE ASSETS OF ANY EMPLOYEE BENEFIT PLAN OR PLAN TO FINANCE SUCH PURCHASE, OR (ii) SUCH PURCHASE WILL NOT RESULT IN A PROHIBITED TRANSACTION UNDER SECTION 406 OR 

 ERISA OR SECTION 4975 OF THE CODE FOR WHICH THERE IS NO APPLICABLE STATUTORY OR ADMINISTRATIVE EXEMPTION. 
  
 THIS SECURITY WILL BE ISSUED AND MAY BE TRANSFERRED ONLY IN BLOCKS HAVING AN
AGGREGATE PRINCIPAL AMOUNT OF NOT LESS THAN $500,000.00 AND MULTIPLES OF $1,000.00 IN EXCESS THEREOF. ANY ATTEMPTED TRANSFER OF THIS SECURITY IN A BLOCK HAVING AN AGGREGATE PRINCIPAL AMOUNT OF LESS THAN $500,000.00 SHALL BE DEEMED TO BE VOID AND OF
NO LEGAL EFFECT WHATSOEVER. 
  
 THE HOLDER OF THIS SECURITY AGREES
THAT IT WILL COMPLY WITH THE FOREGOING RESTRICTIONS. 
  
 IN
CONNECTION WITH ANY TRANSFER, THE HOLDER WILL DELIVER TO THE REGISTRAR AND TRANSFER AGENT SUCH CERTIFICATE AND OTHER INFORMATION AS MAY BE REQUIRED BY THE INDENTURE TO CONFIRM THAT THE TRANSFER COMPLIES WITH THE FOREGOING RESTRICTIONS. 

 
 Floating Rate Junior Subordinated Deferrable Interest Debenture 

 
 of 
  
 Southland Capital Co. 
  
 December 18, 2001 
  
 Southland Capital Co., a California corporation (the “Company” which term includes any successor Person under the Indenture hereinafter referred
to), for value received promises to pay to State Street Bank and Trust Company of Connecticut, National Association, not in its individual capacity but solely as Institutional Trustee for Southland Statutory Trust I (the “Holder”)
or registered assigns, the principal sum of tweleve million three hundred seventy-two thousand dollars ($12,372,000) on December 18, 2031, and to pay interest on said principal sum from December 18, 2001, or from the most recent
interest payment date (each such date, an “Interest Payment Date”) to which interest has been paid or duly provided for, quarterly (subject to deferral as set forth herein) in arrears on March 18, June 18, September 18 and December 18 of
each year commencing March 18, 2002 at an annual rate equal to 5.60% beginning on (and including) the date of original issuance and ending on (but excluding) March 18, 2002 and at an annual rate for each successive period beginning on (and
including) March 18, 2002 and each succeeding Interest Payment Date, and ending on (but excluding) the next succeeding Interest Payment Date (each a “Distribution Period”), equal to 3-Month LIBOR, determined as described below, plus 3.60%
(the “Coupon Rate”), provided, however, that prior to December 18, 2006, the Coupon Rate shall not exceed 12.50%, applied to the principal amount hereof, until the principal hereof is paid or duly provided for or made
available for payment, and on any overdue principal and (without duplication) on any overdue installment of interest at the same rate per annum, compounded quarterly, from the dates such amounts are due until they are paid or made available for
payment. The amount of interest payable for any period will be computed on the basis of the actual number of days in the Distribution Period concerned divided by 360. In the event that any date on which interest is payable on this Debenture is not a
Business Day, then a payment of the interest payable on such date will be made on the next succeeding day which is a Business Day (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the
next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. The interest installment so payable, and
punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture, be paid to the Person in whose name this Debenture (or one or more Predecessor Securities) is registered at the close of business 
  

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 on the regular record date for such interest installment, which shall be fifteen days prior to the day on which the
relevant Interest Payment Date occurs. Any such interest installment not so punctually paid or duly provided for shall forthwith cease to be payable to the Holder on such regular record date and may be paid to the Person in whose name this Debenture
(or one or more Predecessor Securities) is registered at the close of business on a special record date. 
  
 “3-Month LIBOR” as used herein, means the London interbank offered interest rate for three-month USdollar deposits determined by the Debenture
Trustee in the following order of priority: (i) the rate (expressed as a percentage per annum) for USdollar deposits having a three-month maturity that appears on Telerate Page 3750 as of 11:00 a.m. (London time) on the related Determination Date
(“Telerate Page 3750” means the display designated as “Page 3750” on the Dow Jones Telerate Service or such other page as may replace Page 3750 on that service or such other service or services as may be nominated by the British
Bankers’ Association as the information vendor for the purpose of displaying London interbank offered rates for U.S. dollars deposits); (ii) if such rate cannot be identified on the related Determination Date, the Debenture Trustee will request
the principal London offices of four leading banks in the London interbank market to provide such banks’ offered quotations (expressed as percentages per annum) to prime banks in the London interbank market for USdollar deposits having a
three-month maturity as of 11:00 a.m. (London time) on such Determination Date. If at least two quotations are provided, 3-Month LIBOR will be the arithmetic mean of such quotations; (iii) if fewer than two such quotations are provided as requested
in clause (ii) above, the Debenture Trustee will request four major New York City banks to provide such banks’ offered quotations (expressed as percentages per annum) to leading European banks for loans in USdollars as of 11:00 a.m. (London
time) on such Determination Date. If at least two such quotations are provided, 3-Month LIBOR will be the arithmetic mean of such quotations; and (iv) if fewer than two such quotations are provided as requested in clause (iii) above, 3-Month LIBOR
will be a 3-Month LIBOR determined with respect to the Distribution Period immediately preceding such current Distribution Period. If the rate for USdollar deposits having a three-month maturity that initially appears on Telerate Page 3750 or
Reuters Page LIBO, as the case may be, as of 11:00 a.m. (London time) on the related Determination Date is superseded on the Telerate Page 3750 or Reuters Page LIBO, as the case may be, by a corrected rate by 12:00 noon (London time) on such
Determination Date, then the corrected rate as so substituted on the applicable page will be the applicable 3-Month LIBOR for such Determination Date. As used herein, “Determination Date” means the date that is two London Banking Days
(i.e., a day in which dealings in deposits in USdollars are transacted in the London interbank market) preceding the commencement of the relevant Distribution Period. 
  
 The Coupon Rate for any Distribution Period will at no time be higher than the maximum rate then permitted by New York law
as the same may be modified by United States law. 
  
 All
percentages resulting from any calculations on the Debentures will be rounded, if necessary, to the nearest one hundred-thousandth of a percentage point, with five one-millionths of a percentage point rounded upward (e.g., 9.876545% or .09876545)
being rounded to 9.87655% (or .0987655), and all dollar amounts used in or resulting from such calculation will be rounded to the nearest cent (with one-half cent being rounded upward). 
  
 The principal of and interest on this Debenture shall be payable at the office or agency of the Trustee (or other paying
agent appointed by the Company) maintained for that purpose in any coin or currency of the United States of America that at the time of payment is legal tender for payment of public and private debts; provided, however, that payment of
interest may be made by check mailed to the registered holder at such address as shall appear in the Debenture Register if a request for a wire transfer by such holder has not been received by the Company or by wire transfer to an account
appropriately designated by the holder hereof. Notwithstanding the foregoing, so long as the holder of this Debenture is the Institutional Trustee, the payment of the principal of and interest on this Debenture will be made in immediately available
funds at such place and to such account as may be designated by the Trustee. 
  

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 So long as no Event of Default has occurred and is continuing, the Company shall have the right, from
time to time, and without causing an Event of Default, to defer payments of interest on the Debentures by extending the interest payment period on the Debentures at any time and from time to time during the term of the Debentures, for up to 20
consecutive quarterly periods (each such extended interest payment period, an “Extension Period”), during which Extension Period no interest (including Additional Interest) shall be due and payable. No Extension Period may end on a date
other than an Interest Payment Date. At the end of any such Extension Period the Company shall pay all interest then accrued and unpaid on the Debentures (together with Additional Interest thereon); provided, however, that no Extension
Period may extend beyond the Maturity Date; provided further, however, that during any such Extension Period, the Company shall not and shall not permit any Affiliate to (i) declare or pay any dividends or distributions on, or
redeem, purchase, acquire, or make a liquidation payment with respect to, any of the Company’s or such Affiliate’s capital stock (other than payments of dividends or distributions to the Company) or make any guarantee payments with respect
to the foregoing or (ii) make any payment of principal of or interest or premium, if any, on or repay, repurchase or redeem any debt securities of the Company or any Affiliate that rank pari passu in all respects with or junior in interest to
the Debentures (other than, with respect to clauses (i) and (ii) above, (a) repurchases, redemptions or other acquisitions of shares of capital stock of the Company in connection with any employment contract, benefit plan or other similar
arrangement with or for the benefit of one or more employees, officers, directors or consultants, in connection with a dividend reinvestment or stockholder stock purchase plan or in connection with the issuance of capital stock of the Company (or
securities convertible into or exercisable for such capital stock) as consideration in an acquisition transaction entered into prior to the applicable Extension Period, (b) as a result of any exchange or conversion of any class or series of the
Company’s capital stock (or any capital stock of a subsidiary of the Company) for any class or series of the Company’s capital stock or of any class or series of the Company’s indebtedness for any class or series of the Company’s
capital stock, (c) the purchase of fractional interests in shares of the Company’s capital stock pursuant to the conversion or exchange provisions of such capital stock or the security being converted or exchanged, (d) any declaration of a
dividend in connection with any stockholders’ rights plan, or the issuance of rights, stock or other property under any stockholders’ rights plan, or the redemption or repurchase of rights pursuant thereto, (e) any dividend in the form of
stock, warrants, options or other rights where the dividend stock or the stock issuable upon exercise of such warrants, options or other rights is the same stock as that on which the dividend is being paid or ranks pari passu with or junior
to such stock and any cash payments in lieu of fractional shares issued in connection therewith, or (f) payments under the Capital Securities Guarantee). Prior to the termination of any Extension Period, the Company may further extend such period,
provided that such period together with all such previous and further consecutive extensions thereof shall not exceed 20 consecutive quarterly periods, or extend beyond the Maturity Date. Upon the termination of any Extension Period and upon the
payment of all accrued and unpaid interest and Additional Interest, the Company may commence a new Extension Period, subject to the foregoing requirements. No interest or Additional Interest shall be due and payable during an Extension Period,
except at the end thereof, but each installment of interest that would otherwise have been due and payable during such Extension Period shall bear Additional Interest. The Company must give the Trustee notice of its election to begin or extend such
Extension Period at least 5 Business Days prior to the earlier of (i) the date interest on the Debentures would have been payable except for the election to begin such Extension Period or (ii) the date such interest is payable, but in any event not
less than 5 Business Days prior to such record date. 
  
 The
indebtedness evidenced by this Debenture is, to the extent provided in the Indenture, subordinate and junior in right of payment to the prior payment in full of all Senior Indebtedness, and this Debenture is issued subject to the provisions of the
Indenture with respect thereto. Each holder of this 
  

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 Debenture, by accepting the same, (a) agrees to and shall be bound by such provisions, (b) authorizes and directs the
Trustee on his or her behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination so provided and (c) appoints the Trustee his or her attorney-in-fact for any and all such purposes. Each holder
hereof, by his or her acceptance hereof, hereby waives all notice of the acceptance of the subordination provisions contained herein and in the Indenture by each holder of Senior Indebtedness, whether now outstanding or hereafter incurred, and
waives reliance by each such holder upon said provisions. 
  
 This
Debenture shall not be entitled to any benefit under the Indenture hereinafter referred to, be valid or become obligatory for any purpose until the certificate of authentication hereon shall have been signed by or on behalf of the Trustee.

  
 Capitalized terms used and not defined in this Debenture shall
have the meanings assigned in the Indenture dated as of the date of original issuance of this Debenture between the Trustee and the Company. 
  
 IN WITNESS WHEREOF, the Company has duly executed this certificate. 
  

			
	SOUTHLAND CAPITAL CO
		
	By:	 	[ILLEGIBLE]
	 	 	

	 	 	 Name:

	 	 	 Title:

  
 CERTIFICATE OF
AUTHENTICATION 
  
 This is one of the Debentures referred to
in the within-mentioned Indenture. 
  

			
	 State Street Bank and Trust Company of
 Connecticut, National Association, as Trustee

		
	 By:
	 	[ILLEGIBLE]
	 	 	

	 	 	 Authorized Officer

	 	 	 Paul D. Allen

	 	 	 Vice President

  

 5Guarantee, dated as of December 18, 2001

 Exhibit 4.11 
  
 TRUSTEE PARENT GUARANTEE 
  
 GUARANTEE, dated as of December 18, 2001 by State Street Bank and Trust Company, a Massachusetts trust company (the
“Guarantor”) to and for the benefit of each person listed on Schedule I hereto (collectively, together with their permitted successors and assigns, the “Beneficiaries” and, individually, a
“Beneficiary”). 
  
 WITNESSETH:

  
 WHEREAS, State Street Bank and Trust Company of
Connecticut, National Association, a wholly-owned subsidiary of the Guarantor (the “Subsidiary”) wishes to act pursuant to the agreements listed on Schedule II hereto (as amended, modified or supplemented from time to
time, the “Agreements”). 
  
 WHEREAS, the
Beneficiaries are willing to have the Subsidiary act under the Agreements provided that the Guarantor executes and delivers this Guarantee; 
  
 WHEREAS, the Guarantor has determined that the execution and delivery by it of this Guarantee is necessary in order to conduct, promote and attain the
business of the Subsidiary and the Guarantor; and 
  
 WHEREAS, the
Guarantor has determined that it has a substantial interest in the Subsidiary’s performance of the Agreements. 
  
 NOW, THEREFORE, the Guarantor hereby agrees with and for the benefit of the Beneficiaries as follows: 
  
 1. Guarantee. 
  
 (a) The Guarantor hereby guarantees to the
Beneficiaries the prompt and complete payment by the Subsidiary when due of, and the faithful performance of, and compliance with, all payment obligations of the Subsidiary under the Agreements and any other document relating thereto to which the
Subsidiary is or may hereafter become a party or by which the Subsidiary is or may hereafter become bound (collectively, the “Relevant Documents”), in accordance with the terms thereof and the timely performance of all other
obligations of the Subsidiary thereunder (such payment and other obligations, the “Obligations”). In no event, however, shall the agreement contained herein be construed to constitute a guarantee of any amount due (i) under
any note or other similar instrument issued under the Relevant Documents or any other payment due under any Relevant Document that constitute non-recourse obligations of the Subsidiary, or (ii) with respect to acts or events occurring after such
time, if any, that the Subsidiary ceases to be a party to the Relevant Documents. The agreement contained herein shall be enforceable against the Guarantor, notwithstanding the fact that the Subsidiary has ceased to be a party to the Relevant
Documents, provided that the events or acts which give rise to such claim against the Guarantor occurred at such time as the Subsidiary was a party to the Relevant Documents. 

 (b) No payment or payments made by the Subsidiary, the Guarantor, any other
guarantor or any other person or received or collected by any Beneficiary from the Subsidiary, the Guarantor, any other guarantor or any other person by virtue of any action or proceeding or any set-off or appropriation or application at any time or
from time to time in reduction of or in payment of the Obligations shall be deemed to modify, reduce, release or otherwise affect the liability of the Guarantor hereunder (except to the extent of such payment) until the Obligations are paid and
performed in full. 
  
 (c) If for any
reason any Obligations to be performed or observed by the Subsidiary shall not be observed or performed, or if any amount payable by the Subsidiary referred to in Section 1(a) hereof shall not be paid when due and payable, the Guarantor shall
promptly perform or observe or cause to be performed or observed each such Obligation or undertaking and shall forthwith pay such amount or perform such action at the place and to the person or entity entitled thereto pursuant to the Relevant
Documents. 
  
 2. Amendments, etc., with respect to the
Obligations; Waiver of Rights. The Guarantor shall remain obligated hereunder notwithstanding that, without any reservation of rights against the Guarantor and without notice to or further assent by the Guarantor, any demand for payment or
performance of any of the Obligations made by any Beneficiary may be rescinded by such party and any of the Obligations continued, and the Obligations, or the liability of any other party upon or for any part thereof, or any collateral security or
guaranty therefor or right of offset with respect thereto, may from time to time, in whole or in part, be renewed, extended, amended, modified, accelerated, compromised, waived, surrendered or released by any Beneficiary and any Relevant Document
and/or any collateral security document or other guaranty or document in connection therewith, may be amended, modified, supplemented or terminated, in whole or in part, as the parties thereto may deem advisable from time to time, and any collateral
security, guaranty or right of offset at any time held by any Beneficiary for the payment or performance of the Obligations may be sold, exchanged, waived, surrendered or released. 
  
 3. Guarantee Absolute and Unconditional. The Guarantor understands and agrees that this Guarantee shall be
construed as a continuing, absolute and unconditional guarantee of payment and performance (and not merely of collection) without regard to (a) any defense, setoff or counterclaim (other than a defense of payment or performance) that may at any time
be available to or be asserted by the Subsidiary against any Beneficiary, (b) the validity or enforceability of any Relevant Document against the Subsidiary, or (c) any other circumstances whatsoever (with or without notice to or knowledge of the
Subsidiary or the Guarantor) that constitutes, or might be construed to constitute, an equitable or legal discharge of the Subsidiary for the Obligations, or of the Guarantor under this Guarantee, in bankruptcy or in any other instance (other than a
discharge of such Obligations through payment or performance). When pursuing its rights and remedies hereunder against the Guarantor, any Beneficiary may, but shall be under no obligation to, pursue such rights and remedies as it may have against
the Subsidiary or any other person or entity or against any collateral security or guaranty for the Obligations or any right of offset with respect thereto, and any feature by any Beneficiary to pursue such other rights or remedies or to collect any
payments from the Subsidiary or any such other person or entity or to realize upon any such collateral security or guaranty or to exercise any such right of 
  

 2 

 offset, or any release of the Subsidiary or any such other person or entity or any such collateral security, guaranty or
right of offset, shall not relieve the Guarantor of any liability hereunder, and shall not impair or affect the rights and remedies, whether express, implied or available as a matter of law, of any Beneficiary against the Guarantor. This Guarantee
shall remain in full force and effect and be binding in accordance with and to the extent of its terms upon the Guarantor and the successors and assigns thereof, and shall inure to the benefit of the Beneficiaries, and their respective successors,
transferees and assigns, until all of the Obligations and the obligations of the Guarantor under this Agreement shall have been satisfied by payment and performance in full. The Guarantor further agrees to pay all expenses (including, without
limitation, all reasonable fees and disbursements of counsel) that may be paid or incurred by the Beneficiaries in enforcing any rights with respect to, or collecting, any or all of the Obligations and/or enforcing any rights with respect to, or
collecting against, the Guarantor under this Guarantee. 
  
 4.
Representations and Warranties. The Guarantor hereby represents and warrants that: 
  
 (a) the Guarantor is a trust company duly organized, validly existing and in good standing under the laws of the jurisdiction of
its organization; 
  
 (b) the Guarantor
has the corporate power and authority and the legal right to execute and deliver, and to perform its obligations under, this Guarantee, and has taken all necessary corporate action to authorize its execution, delivery and performance of this
Guarantee; 
  
 (c) this Guarantee
constitutes a legal, valid and binding obligation of the Guarantor enforceable in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of
creditors’ rights generally; 
  
 (d)
the execution, delivery and performance of the Guarantee and compliance by the Guarantor with all of the provisions thereof do not and will not contravene (i) any provision of any requirement of law or any order known to us of any court or
governmental authority or agency applicable to or binding on the Guarantor, (ii) any contractual obligations of the Guarantor, or (iii) any of the provisions of its charter documents or By-laws; 
  
 (e) no consent or authorization of, filing with or
other act by or in respect of, any arbitrator or governmental authority and no consent of any other person (including, without limitation, any stockholder or creditor of the Guarantor) is required in connection with the execution, delivery,
performance, validity or enforceability of this Guarantee; 
  
 (f) the Guarantor is a bank with a combined capital and surplus or corporation with a tangible net worth of at least $250,000,000, as determined in accordance with generally accepted accounting principles:

  
 (g) the Guarantor owns all of the
capital stock of the Subsidiary; and 
  

 3 

 (h) there are no proceedings pending or, to our knowledge, threatened, and to our
knowledge there is no existing basis for any such proceedings, against or affecting the Guarantor in or before any court or before any governmental authority or arbitration board or tribunal which, if adversely determined, might restrict the
Guarantor’s corporate power and authority to perform its obligations under the Guarantee. 
  
 5. Reinstatement. The Guarantor agrees that this Guarantee shall be automatically reinstated with respect to any payment made prior to the termination of this Guarantee by or on behalf of the Subsidiary
pursuant to any Relevant Document to which the Subsidiary is a party if and to the extent that such payment is rescinded or must be otherwise restored, whether as a result of any proceedings in bankruptcy or reorganization or otherwise. 

 
 6. Miscellaneous. None of the terms or provisions of this
Guarantee may be waived, amended or supplemented or otherwise modified except by a written instrument executed by the Guarantor and the Beneficiaries. This Guarantee shall be binding upon the successors and assigns of the Guarantor and shall inure
to the benefit of the Beneficiaries and their respective successors, transferees and assigns. THIS GUARANTEE SHALL BE GOVERNED BY AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH THE LAW OF THE COMMONWEALTH OF MASSACHUSETTS. All notices, requests
and demands to or upon the Guarantor or any Beneficiary to be effective shall be in writing or by telecopy and, unless otherwise expressly provided herein, shall be deemed to have been duly given or made when delivered by hand, or, in the case of
mail, three days after deposit in the postal system, first class postage pre-paid, or, in the case of telegraphic notice, when sent, answerback received, addressed to (a) in the case of the Guarantor, Corporate Trust Department, 2 Avenue de
Lafayette, Boston MA 02111-1274; Telecopy No.(617) 662-1460, and (b) in the case of any Beneficiary, the address provided for such party in the Relevant Documents, or at such other address as such person may provide to the Guarantor in writing.

  
 [THE NEXT PAGE IS THE SIGNATURE PAGE] 
  

 4 

 IN WITNESS WHEREOF, the undersigned has caused this Guarantee to be duly executed and delivered by
its duly authorized officer as of the day and the year first above written. 
  

			
	 STATE STREET BANK AND TRUST COMPANY

		
	 By:
	 	 /s/ Paul D. Allen

	 	 	 Name:     Paul D. Allen

	 	 	 Title:       Vice President

 SCHEDULE I 
  
 State Street Bank and Trust Company of 
   Connecticut, National Association 
  
 First Tennessee Capital Markets 
  
 Keefe, Bruyette & Woods, Inc. 
  
 Preferred Term Securities IV, Ltd. 
  
 Preferred Term Securities IV, Inc. 
  
 Each of the Sponsors and Statutory Trusts listed on Schedule III hereto. 

 SCHEDULE II 
  
 Amended and Restated Declarations of Trust dated as of December 18, 2001 among State Street Bank and Trust Company of
Connecticut, National Association as Institutional Trustee and the Sponsors and each respective Statutory Trust and Administrator listed on Schedule III hereto. 
  

Indentures dated as of December 18, 2001 between State Street Bank and Trust Company of Connecticut, National Association as Indenture Trustee and each
of the Sponsors listed on Schedule III hereto. 
  
 Guarantee
Agreements dated as of December 18, 2001 between State Street Bank and Trust Company of Connecticut, National Association as Guarantee Trustee and each of the Sponsors listed on Schedule III hereto. 

 SCHEDULE III 
  

			
	 Sponsor:
	  	Southland Capital Co. (CA)
		
	 Statutory Trust:
	  	Southland Statutory Trust I
		
	 Administrators:
	  	Ronald W. Bachli,
	 	  	J. Thomas Byrom and
	 	  	David E. Hooston

  
 The names of the other Sponsors and
Statutory Trusts listed on Schedule III to the original Trustee Parent Guarantee provided to State Street Bank and Trust Company have been redacted in this copy to maintain the confidentiality of the names of such entities.

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