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| | Summary: Guarantee Reimbursement & Consideration Agreement (Site not responding. Last check: 2007-11-05) |
 | | Zell is a significant beneficial owner, indirectly, of the outstanding shares of common stock of AMCV. |
 | | AMCV has requested Zell to, and Zell has agreed to, guarantee AMCV's obligation to reimburse Chase for any payments made by Chase under the Facility (the "Guarantee") specifically to enable AMCV to satisfy a material term and condition of the Vessel Purchase Agreement that it is currently unable to satisfy without the Guarantee. |
 | | In the event that pursuant to the Guarantee, Zell is required to and does make any payments to Chase (individually a "Guarantee Payment" and, collectively, "Guarantee Payments"), then AMCV shall be required hereunder to reimburse Zell, in the manner hereinafter set forth, for any and all such Guarantee Payments. |
| www.lawvantage.com /summaries/USA/BankingIndustry/PersonalGuaranty/SUM00091.shtml (407 words) |
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