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Guarantee Agreement [Form]

 

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Title:

Guarantee Agreement [Form]

Entities:

Marathon Oil Corp.; Bank of New York

Date:

2002

Size:

Preview shows 4KB of 64KB total

Price:

$40

ID:

#313409

 

 

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                                     FORM OF


MARATHON OIL CORPORATION

GUARANTEE AGREEMENT

MARATHON FINANCING TRUST __


Dated as of ___________, 200_

-----------------------


-----------------------

================================================================================

{Page}

TABLE OF CONTENTS

{Table}
{Caption}
Page
----
{S} {C} {C}
ARTICLE I DEFINITIONS...................................................................................1
SECTION 1.1 Definitions............................................................................1

ARTICLE II TRUST INDENTURE ACT...........................................................................5
SECTION 2.1 Trust Indenture Act; Application.......................................................5
SECTION 2.2 Lists of Holders of Preferred Securities...............................................5
SECTION 2.3 Reports by the Guarantee Trustee.......................................................5
SECTION 2.4 Periodic Reports to the Guarantee Trustee..............................................6
SECTION 2.5 Evidence of Compliance with Conditions Precedent.......................................6
SECTION 2.6 Events of Default; Waiver..............................................................6
SECTION 2.7 Disclosure of Information..............................................................6
SECTION 2.8 Conflicting Interest...................................................................7

ARTICLE III POWERS, DUTIES AND RIGHTS OF THE GUARANTEE TRUSTEE............................................7
SECTION 3.1 Powers and Duties of the Guarantee Trustee.............................................7
SECTION 3.2 Certain Rights and Duties of the Guarantee Trustee.....................................8
SECTION 3.3 Not Responsible for Issuance of Guarantee.............................................10
SECTION 3.4 The Guarantee Trustee May Own Preferred Securities....................................10
SECTION 3.5 Moneys Received by the Guarantee Trustee to Be Held in Trust Without Interest.........10
SECTION 3.6 Compensation and Expenses of Guarantee Trustee........................................10

ARTICLE IV GUARANTEE TRUSTEE............................................................................11
SECTION 4.1 Qualifications........................................................................11
SECTION 4.2 Appointment, Removal and Resignation of the Guarantee Trustee.........................11

ARTICLE V GUARANTEE....................................................................................12
SECTION 5.1 Guarantee.............................................................................12
SECTION 5.2 Waiver of Notice......................................................................12
SECTION 5.3 Obligations Not Affected..............................................................12
SECTION 5.4 Enforcement of Guarantee..............................................................13
SECTION 5.5 Guarantee of Payment..................................................................14
SECTION 5.6 Subrogation...........................................................................14

 

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