{"id":42038,"date":"2015-09-17T11:25:58","date_gmt":"2015-09-17T16:25:58","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-legal\/contracts\/uncategorized\/agreement-on-bank-transactions-veritas-software-kk-and-fuji.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"agreement-on-bank-transactions-veritas-software-kk-and-fuji","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/operations\/agreement-on-bank-transactions-veritas-software-kk-and-fuji.html","title":{"rendered":"Agreement on Bank Transactions &#8211; VERITAS Software KK and Fuji Bank"},"content":{"rendered":"<pre>                         AGREEMENT ON BANK TRANSACTIONS\n\nThis Agreement on Bank Transactions (this \"Agreement\") is entered into this day \nof October 3, 2001 by and between:\n\nName:               VERITAS Software, KK\nAddress:            Fukoku Seimei, Chiyoda-ku, Tokyo 100-0011, Japan\n(the \"Customer\")\n\nand\n\nName:               Fuji Bank\nAddress:\n(the \"Bank\").\n\nThe parties hereto have agreed upon the following terms and conditions as to \nthe transactions between the parties hereto.\n\nSection 1   SCOPE\n\n     1.   This Agreement shall apply to loans on bills and notes, discounts of\nbills and notes, loans by deed, overdrafts, acceptances and guarantees, foreign\nexchange transactions, derivatives transactions, guarantees by the Customer, and\nto any and all other transactions by which the Customer may incur obligations to\nthe Bank.\n\n     2.   This Agreement shall also apply to cases where the Bank has acquired,\nthrough the Bank's transactions with any third party, bills and notes drawn, \nendorsed, accepted, accepted by intervention, or guaranteed by the Customer.\n\n     3.   If the Customer and the Bank agreed otherwise, such agreement shall \nsupersede the relevant provision of this Agreement. \n\nSection 2   APPLICABLE OFFICES\n\n     This Agreement shall apply uniformly to all transactions covered by the \npreceding Section between the Customer and the Bank's head office and branches.\n\nSection 3   INTEREST, DAMAGES, ETC.\n\n     1.   Stipulations concerning the rate or fee applicable and\/or the time \nand method of payment of interest, discount charges, guarantee fees, \ncommissions payable by the Customer, and\/or any rebates thereof payable by the \nBank, are subject to other agreements between the Customer and the Bank.\n\n     2.   In the event of changes in financial circumstances or arising out of \nany other reasonable causes, the Customer or the Bank may request the other \nparty to consider the amendment of the stipulations regarding the interest rate \nand other conditions provided for in the preceding Paragraph to terms generally \ndeemed reasonable, provided that, agreements on fixed rates shall not be subject\nto amendment.\n\n     3.   If the Customer fails to perform its material obligations owing to the\nBank including, without limitation, its obligations to pay principal, interest, \ndefault interest, prepayment premium, and damages, and such non-performance \ncontinues for the period longer than 30 days, the Customer shall pay damages \nwith respect to the amount payable at the rate of Japanese Yen TIBOR quoted by \nthe Bank for the period selected by the Bank plus 2% per annum. Such damages \nshall be calculated on the basis of a 365-day year and prorated for the actual \nnumber of days elapsed for the period during which such non-performance occurs.\n\nSection 4   SECURITY\n\n     1.   If any of the following events occur, the Customer shall furnish, \nupon the Bank's demand, such security or additional security, or such guarantor \nor additional guarantors, as deemed adequate by the Bank:\n\n          (i)  when the security furnished to the Bank is damaged, destroyed, \n               or its value is objectively reduced, due to reasons beyond the\n               reasonable control of the Bank; or\n\n          (ii) when a reasonable cause requires the preservation of the Bank's\n               credit rights with respect to the Customer or the Customer's \n               guarantor, provided that such cause shall be clearly stated by \n               the Bank.\n\n     2.   If the Customer fails to perform its material obligations to the Bank \nincluding, without limitation, its obligations to pay principal, interest, \ndefault interest, prepayment premium, and damages, and such non-performance \ncontinues for the period longer\n\n\n\nthan 30 days, the Bank may collect or dispose of security, and\/or the \nCustomer's movables, bills and notes and\/or other instruments in the Bank's \npossession, in the manner, at the time, and for the price, etc. generally \ndeemed proper, deduct expenses from the proceeds, and allocate the remainder to \nthe payment of the Customer's obligations. In the event any of the Customer's \nobligations still remain after such allocation, the Customer shall forthwith \npay such obligations to the Bank; and in the event any balance of the proceeds \nremains after such allocation, the Bank shall return them to the person \nentitled to it.\n\nSection 5  ACCELERATION OF PAYMENT\n\n     1. If any one of the following events occurs to the Customer, any and all \nobligations the Customer owes to the Bank shall immediately become due and \npayable without any notice, demand, or other request from the Bank, and the \nCustomer shall pay such obligations forthwith:\n\n          (i)     when the Customer has become unable to pay debts or petition\n                  is submitted for bankruptcy, commencement of civil\n                  rehabilitation proceedings (\"Minji-Saisei-Tetsuduki\"),\n                  commencement of corporate reorganization proceedings\n                  (\"Kaisha-Kosei-Tetsuduki\"), commencement of company\n                  arrangement, or commencement of special liquidation;\n\n          (ii)    when the Customer becomes subject to the Clearing House's \n                  procedures for suspension of transactions;\n\n          (iii)   when an order or notice of provisional attachment, \n                  preservative attachment or attachment is dispatched in \n                  respect of the Customer's or its guarantor's deposits and\/or \n                  any other credits against the Bank and such attachment or \n                  other court order of enforcement is not dismissed, \n                  discharged, stayed or restrained in each case within 30 days \n                  after the date of issue thereof; or\n\n          (iv)    when the Bank cannot locate the Customer after due diligence \n                  and for a period longer than 30 days due to causes \n                  attributable to the Customer.\n\n     2.   If any one of the following events occurs to the Customer which \nrequires the preservation of the Bank's credit rights and such event continues \nunremedied for a period of 30 days after written notice thereof have been given \nto the Customer by the Bank, any and all obligations the Customer owes to the \nBank shall, upon the expiration of such 30 day period, become due and payable, \nand the Customer shall pay such obligations forthwith, provided, however, that, \nin case such event is incapable of remedy, any and all obligations the Customer \nowes to the Bank shall immediately become due and payable upon the Bank's \ndemand:\n\n          (i)     when the Customer fails to pay any of its obligations due to \n                  the Bank;\n\n          (ii)    when property offered to the Bank as security is attached or \n                  public auction procedure is commenced with respect to such \n                  property;\n\n          (iii)   when the Customer fails to comply with the terms and \n                  conditions of an agreement with the Bank except to the extent \n                  such failure may reasonably be regarded as immaterial in \n                  terms of the Customer's ability to perform its payment \n                  obligations under this Agreement;\n\n          (iv)    when the guarantor falls under any one of the items of the \n                  preceding Paragraph or this Paragraph; or\n\n          (v)     when there is a change in the business condition (financial \n                  or otherwise), operations, performance or prospects of the \n                  Customer since the date at which its most recent audited \n                  financial statements were stated to be prepared which has a \n                  material adverse effect on the ability of the Customer to \n                  perform, or comply with, its obligations under this Agreement.\n\n\n     3. In cases where the demand provided for in the preceding Paragraph is \ndelayed or fails to be received by the Customer because of causes attributable \nto the Customer, including, but not limited to, the Customer's failure to \nnotify the change of its address to the Bank, the payment shall be deemed \naccelerated at the time such notice normally would have been received.\n\nSection 6  REPURCHASE OF DISCOUNTED BILLS AND NOTES\n\n     1. In cases where the Customer has had bills and notes discounted by the \nBank, and any one of the events in Paragraph 1 of the preceding Section occurs \nto the Customer, the Customer shall assume as a matter of course the obligation \nto repurchase any and all of such bills and notes for their face value without \nany notice or demand, or other request from the Bank, and the Customer shall \npay them forthwith.\n\n     2. In cases where the principal obligors of the bills and notes discounted \nby the Bank for the Customer fail to pay on due dates or any one of the events \nin Paragraph 1 of the preceding Section occurs to such principal obligors, the \npreceding Paragraph shall also apply to any bills and notes in which such \nobligor is the principal obligor.\n\n      3. In cases other than those stipulated in the preceding Paragraphs, \nwhere a reasonable cause requires the preservation of credit rights with regard \nto bills and notes discounted, the Customer shall assume, upon the Bank's \ndemand, the obligation to repurchase such bills and notes for their face value, \nand the Customer shall pay such bills and notes forthwith. In cases where the \nBank's demand is delayed or fails to be received by the Customer because of \ncauses attributable to the Customer including, but not limited to, the \nCustomer's failure to notify the Bank about its change of address, the Customer \nshall assure such obligation to repurchase at the time such demand normally \nwould have been received.\n\n      4. The Bank may exercise any and all rights as holder of the bills and \nnotes, until the Customer performs the obligations set forth in the preceding \nthree Paragraphs.\n\nSection 7  SET-OFF AND APPROPRIATION OF WITHDRAWALS BY THE BANK\n\n      1. In cases where the Customer needs to perform any of its obligations \nowed to the Bank because such obligations become due, such payment obligations \nare accelerated, the repurchasing obligations of the Customer arise, the Bank \nacquires the right of compensation, or for any other causes, the Bank may \nset-off, at any time, and against any such obligations of the Customer, any of \nthe Customer's deposits and\/or any other credits with the Bank, irrespective of \nthe due dates of such deposits and\/or other credits.\n\n      2. In cases where the Bank may set-off pursuant to the preceding \nParagraph, the Bank may also receive withdrawals from the Customer's deposits \nin lieu of the Customer, and appropriate them to the payment of the Customer's \nobligations without following prescribed procedures, provided that the Bank \nshall make prior written notice to the Customer of such appropriation.\n\n      3. In cases where the Bank sets-off or makes appropriation of withdrawals \npursuant to the provisions of the preceding two Paragraphs, the interests on \nthe Customer's credits and obligations, discount charges, guarantee fees, \ndamage, etc. shall be calculated up to the date on which the actual calculation \nis made. Any such rates and fees not previously determined between the parties \nhereto shall be decided by the Bank, and as for the foreign exchange rate, the \nrate quoted by the Bank at the time when the actual calculation is made shall \nbe applied.\n\nSection 8  SET-OFF BY THE CUSTOMER\n\n      1. In cases where the Bank needs to perform any of its obligations owed \nto the Customer, including such obligations under the Customer's deposits, \nbecause its obligations become due, or for any other causes, the Customer may \nset-off, at any time, its obligations against the Bank's credits to the \nCustomer, irrespective of the due dates of such credits, except for the cases \nprovided below; provided that when the Customer sets-off with regard to the \nbills and notes which the Bank has discounted and which have not yet become \ndue, the Customer may set-off upon assuming the obligation to repurchase such \ndiscounted bills and notes for their face value:\n\n            (i)    it is a set-off discounted bills and notes that have been \n                   assigned by the Bank to a third party;\n\n            (ii)   there are restrictions under laws ore regulations for the \n                   payment or set-off; or\n\n            (iii)  it is against agreements between the Bank and the Customer \n                   restricting prepayments.\n\n      2. In cases where the Customer sets-off pursuant to the preceding \nParagraph, the Customer shall promptly send the notice of such set-off in \nwriting and provide the certificate or passbook representing the Customer's \ndeposit and\/or any other credits against which the Customer has set-off, with \nthe seal impression or signature registered to the Bank.\n\n      3. In cases where the Customer sets-off, interests on the Customer's \ncredits and obligations, discount charges, guarantee fees, damages, etc. shall \nbe calculated up to the date on which the Customer's notice of such set-off is \nreceived by the Bank. Any such rates and fees not previously determined between \nthe parties hereto, shall be decided by the Bank; and as for the foreign \nexchange rate, the rate quoted by the Bank when the actual calculation is made \nshall be applied. In such cases where there is an agreement for damages and\/or \nfees payable upon prepayments, such agreement shall be applied.\n\nSection 9  SELECTION OF RIGHTS WITH REGARD TO BILLS AND NOTES\n\n      In cases where bills and notes exist with regard to the Customer's \nobligations to the Bank, the Bank may claim such obligations either as a credit \nor as a credit right on such bills and notes.\n\nSection 10  PRESENTMENT AND DELIVERY OF BILLS AND NOTES\n\n      1. In cases where bills and notes exist with regard to the Customer's \nobligations to the Bank, the Bank is not required to return such bills and \nnotes to the Customer simultaneously with the set-off and\/or appropriation of \nwithdrawals, as long as the Bank sets-off or makes appropriation of withdrawals \npursuant to Section 7 without exercising its credit right on such bills and \nnotes.\n\n      2. In cases where the Bank sets-off or makes appropriation of withdrawals \nas set forth in Section 7 by exercising its credit rights on bills and notes, \nthe Bank is not required to present or deliver such bills and notes, as long as \nany of the following cases applies:\n\n\n\n                (i)   the Bank cannot locate the Customer;\n\n                (ii)  the Customer has designated the Bank as the place of\n                      payment for such bills and notes;\n\n                (iii) the presentment or delivery of such bills and notes is\n                      deemed difficult for causes not attributable to the Bank;\n                      or\n\n                (iv)  the omission of presentment or delivery of such bills and\n                      notes is deemed unavoidable for reasons such as for\n                      collection, or any other reasons.\n\n        3. In cases where there are bills and notes to be returned to the\nCustomer by the Bank because of the set-off or the appropriation of withdrawals\nas set forth in Sections 7 and\/or 8, and upon the Bank's notice to the Customer,\nthe Customer shall appear at the Bank to receive such bills and notes, without\ndelay; provided, however, that the Bank may collect such bills and notes not yet\ndue.\n\n        4. In cases where the Customer's obligations that require immediate\nperformance still remain after the set-off or appropriation of withdrawals as\nset forth in Sections 7 and\/or 8, as long as there are any obligors other than\nthe Customer with regard to the bills and notes, the Bank may retain such bills\nand notes, collect or dispose of such bills and notes, and allocate the proceeds\nto the Customer's obligations.\n\nSection 11  DESIGNATION OF APPROPRIATION FOR SET-OFFS BY THE BANK\n\n        In cases where the Bank sets-off or makes appropriation of withdrawals, \nbut such amount is insufficient to discharge all of the Customer's obligations \nto the Bank, the Bank may make appropriations in such order and in such manner \nas the Bank deems proper, and the Customer cannot object to such appropriation.\n\nSection 12  DESIGNATION OF APPROPRIATION FOR SET-OFFS BY THE CUSTOMER\n\n        1. In cases where the Customer pays its obligations or sets-off, but\nsuch amount is insufficient to discharge all of the Customer's obligations to\nthe Bank, the Customer may designate the order and manner of the appropriation\nby a written notice to the Bank.\n\n        2. In cases where the Customer does not make a designation pursuant to\nthe preceding Paragraph, the Bank may make appropriations in such order and in\nsuch manner as the Bank deems proper, and the Customer cannot object to such\nappropriation.\n\n        3. In the event the designation by the Customer pursuant to Paragraph 1\nis likely to interfere with the preservation of the Bank's credit rights, the\nBank may, upon objecting thereto without delay, make appropriations in such\norder and in such manner as the Bank designates, taking into consideration\nfactors such as whether or not the obligations are secured or guaranteed, the\nextent of coverage by such security or guarantee, the degree of difficulty to\ndispose of such security, the due dates of the obligations, the prospects for\nclearance of discounted bills and notes, etc. In such cases, the Bank shall\nnotify the Customer the result of such appropriation.\n\n        4. In cases where the Bank makes appropriations pursuant to the\npreceding two Paragraphs, the Bank may designate the order and manner of such\nappropriation on the assumption that the Customer's obligations which are not\nyet due have become due, and\/or that the Customer has assumed the obligation to\nrepurchase the discounted bills and notes which are not yet due, and\/or that the\nCustomer has assumed in advance the obligations to compensate the Bank with\nregard to the acceptances and guarantees.\n\nSection 13  ASSUMPTIONS OF RISK, HOLD HARMLESS CLAUSE, ETC.\n\n        1. In cases where bills and notes the Customer has drawn, endorsed,\naccepted, accepted by intervention or guaranteed, or instruments submitted by\nthe Customer to the Bank are lost, destroyed, damaged or delayed in arrival due\nto unavoidable circumstances including, but not limited to, disturbances,\ncalamities, accidents during transit, etc., the Customer shall pay its\nobligations according to records on the Bank's books, vouchers, etc.\nFurthermore, upon the Bank's demand, the Customer shall forthwith submit to the\nBank substitute bills and notes or instruments, etc. The Customer shall bear any\ndamages arising in such cases, except for cases where such damages were due to\ncauses attributable to the Bank.\n\n        2. In cases where the security furnished by the Customer to the Bank is\ndamaged due to unavoidable circumstances as set forth in the preceding\nParagraph, the Customer shall bear any damages arisen in such cases, except for\ncases where such damages were due to causes attributable to the Bank.\n\n        3. Even if the Bank's rights on bills and notes are ineffective due to\nlack of legal requirements in the bills and notes or due to invalidating entries\nthereon, or if the Bank's rights on the bills and notes lapse due to inadequacy\nin the procedures for preservation of the Bank's rights, the Customer shall be\nliable for the face value of such bills and notes.\n\n        4. As long as the Bank has verified and concluded with due care that the\nCustomer's seal impression or signature on bills and notes or instruments are\nthe same as the seal impression or specimen signature registered with the Bank,\nthe Customer shall bear any damages arising from forgery, alteration, wrongful\nuse of bills and notes, instruments, seals or signatures, and shall be liable in\naccordance with the terms and conditions of such bills and notes or instruments.\n\n\n     5.   The Customer shall bear the expenses incurred in exercising or \npreserving the Bank's rights against the Customer, or in collecting or \ndisposing of any security, and\/or the expenses required when the Customer \nrequests the Bank's cooperation in the preservation of the Customer's rights, \nexcept in case where the Bank is the losing party of the relevant court \nproceeding.\n\nSection 14. CHANGES TO REGISTERED ITEMS\n\n     1.   The Customer shall forthwith notify the Bank in writing when the \nregistered items with the Bank, including but not limited to, such items as the \nCustomer's seal, signature, name, trade name, representative, or address, have \nbeen changed.\n\n     2.   When the Bank's notices or documents, etc. are delayed or fail to be \nreceived by the Customer due to causes attributable to the Customer, including \nbut not limited to, the Customer's failure to notify the Bank as set forth in \nthe preceding Paragraph, such notices or documents, etc. shall be deemed \nreceived at the time they normally would have been received.\n\nSection 15. REPORT AND INSPECTION\n\n     The Customer shall, within 60 days after the end of each fiscal quarter of \nthe Customer, submit to the Bank the balance sheets, profit and loss \nstatements, and\/or other documents showing the Customer's status as to assets \nand liabilities.\n\nSection 16. GOVERNING LAW AND JURISDICTION\n\n     1.   This Agreement and any of the transactions covered by this Agreement \nshall be governed by the laws of Japan.\n\n     2.   In the event that the institution of a lawsuit in connection with \ntransactions to which this Agreement is applicable becomes necessary, the \nparties hereto consent to the jurisdiction of the Court having jurisdiction \nover the territory where the head office of the Bank or the branch office of \nthe Bank with which the Customer has transactions is located.\n\nSection 17. TERMINATION OF THE AGREEMENT\n\n     In cases where all transactions covered by Section 1 of this Agreement are \ncompleted and the Customer owes no obligations to the Bank, this Agreement may \nbe terminated upon written notice by either the Customer or the Bank to the \nother party to terminate this Agreement.\n\n\n\n\nSUPPLEMENTARY PROVISION\n\nSection 1. LANGUAGE\n\n     All questions that may arise within or without courts of law in regard to \nthe meaning of the words, provisions, and stipulations of this Agreement shall \nbe decided in accordance with the Japanese text.\n\n\n\nFor (Money Market\/Spread\/Application to Open a Current Overdraft Account Method)\n\n           Agreement on Overdraft in Current Account  (Exclusive Use)\n\n                                                              ------------------\n                                                               Agreement No. 467\n\n                                                              ------------------\n\nTo: THE FUJI BANK, LIMITED\n\n\n                                                     Date: _____________________\n\nI\/we hereby agree to enter into current account overdraft transactions specified\nin the following description under the terms and conditions set forth in this\nAgreement, having confirmed the applicability of the articles of the Agreement\non Bank Transactions separately executed and delivered to your Bank.\n\n\n[Description of Overdraft Transactions]\n\n\nMaximum Aggregate amount of overdraft, etc.\n(YEN)1,000,000,000\n\n<\/pre>\n<table>\n<caption>\n                                                                     Seal filed for<br \/>\n                                                                   Designated deposit<br \/>\n                                                                        account<br \/>\n&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;        &#8212;&#8212;&#8212;&#8212;&#8212;&#8212;<br \/>\n<s>                             <c>                 <c>            <c><br \/>\n Designated deposit account     Current account<br \/>\n (Account for Receiving         &#8212;&#8212;&#8212;&#8212;&#8212;                          [SEAL]<br \/>\n Deposit and to be Charged<br \/>\n for Repayment)                 ORDINARY DEPOSIT    No.4973344<br \/>\n&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;        &#8212;&#8212;&#8212;&#8212;&#8212;&#8212;<br \/>\n<\/c><\/c><\/c><\/s><\/caption>\n<\/table>\n<p>[DAMAGES FROM PREPAYMENTS, ETC.]<\/p>\n<p>Notwithstanding Article 6 of Terms and Conditions below, in case I\/we make<br \/>\nprepayments in special occasions with your Bank&#8217;s consent, or, in case I\/we<br \/>\nbecome obligated for the immediate payment due and payable due to the<br \/>\nacceleration pursuant to Article 5, if the rate of interest available to the<br \/>\nBank for investment of funds in the amount equal to the amount of such<br \/>\nprepayment or the outstanding amount of overdraft at the point of acceleration<br \/>\n(hereinafter referred to as &#8220;amount of repayment, etc.&#8221;), for the period from<br \/>\nand including the day on which the prepayment is made or the day on which I\/we<br \/>\nare obligated for the accelerated payment until the overdraft repayment date (or<br \/>\nthe next interest rate reset date, if applicable) (hereinafter referred to as<br \/>\nremaining period), is lower than the rate of interest applicable to the<br \/>\noverdraft on the day on which the prepayment is made or the day on which I\/we<br \/>\nare obligated for the accelerated payment, I\/we shall pay your Bank as damages<br \/>\nthe amount obtained by multiplying the amount of repayment, etc. by the<br \/>\ndifference between the two rates of interest and by the remaining period.<br \/>\nCalculation of such damages shall be made on the actual number of days on a<br \/>\n365-day year basis<\/p>\n<p>[Terms and Conditions]<br \/>\nArticle 1.  (Expiration)<\/p>\n<p>            The overdraft transactions under this Agreement shall be available<br \/>\n            for one year from the date hereof; however, if no intention to<br \/>\n            terminate this Agreement is expressed by me\/us or your Bank by the<br \/>\n            date one month prior to the expiration of this Agreement, this<br \/>\n            Agreement will be renewed for a further period of one year and the<br \/>\n            same shall apply thereafter.<\/p>\n<p>Article 2.  (Transaction Procedure)<\/p>\n<p>            1. I\/we agree to submit an application to open a Current Overdraft<br \/>\n               Account (Exclusive Use) specifically for the purpose of entering<br \/>\n               into current account overdraft transactions under this Agreement.<\/p>\n<p>            2. Under this Agreement, transactions will be restricted to current<br \/>\n               account overdraft only. This account shall not be used to<br \/>\n               draw\/accept checks\/bills and notes or for automatic payment of<br \/>\n               utilities, etc.<\/p>\n<p>            3. By submitting a withdrawal slip (provided by your Bank) to your<br \/>\n               Bank, whereby your Bank will credit the Account for Receiving<br \/>\n               Deposits as specified above by the amount stated on the<br \/>\n               withdrawal slip, the overdraft transactions shall be made. In the<br \/>\n               event that I\/we have plural number of Current Overdraft Accounts<br \/>\n               (Exclusive Use) with your Bank, the account to be used shall be<br \/>\n               designated by me\/us with your Bank&#8217;s consent.<\/p>\n<p>Article 3.  (Interest and Damages)<\/p>\n<p>            1. The rate of interest on overdraft is based on market interest<br \/>\n               rates and is a reference rate that have been determined<br \/>\n               separately between me\/us and your Bank (hereinafter referred to<br \/>\n               as the base rate) plus spread, and the period of interest rate<br \/>\n               reset and method of interest payment will be determined between<br \/>\n               me\/us and your Bank. I\/we shall deposit the amount of interest<br \/>\n               payable by the due date into the Account to be Charged for<br \/>\n               Repayment as specified above, and your Bank may withdraw the<br \/>\n               applicable amount from the account without any check, ordinary<br \/>\n               deposit passbook or withdrawal slip and may apply such amount for<br \/>\n               the satisfaction of the amount due.<\/p>\n<p>            2. Damages on overdraft shall be as set forth below, and as in the<br \/>\n               case of interest above, your Bank may withdraw the applicable<br \/>\n               amount from the Account to be Charged for Repayment as specified<br \/>\n               above for the satisfaction of the amount due.<\/p>\n<p>Article 4.  (Repayment)<\/p>\n<p>            1. The method of repayment of principal and payment of interest,<br \/>\n               etc. is as stipulated in the application to open a Current<br \/>\n               Overdraft Account (Exclusive Use).<\/p>\n<p>            2. Overdraft repayments shall be made by book transfer on the date<br \/>\n               of repayment of principal, and your Bank may omit the prescribed<br \/>\n               procedures and withdraw the applicable amount from the Account to<br \/>\n               be Charged for Repayment as specified above and may apply such<br \/>\n               amount for the satisfaction of the amount due. In the event that<br \/>\n               this repayment method will not apply, I\/we shall abide by your<br \/>\n               Bank&#8217;s <\/p>\n<p>               instructions. If the balance in the Account to be Charged for<br \/>\n               Repayment as specified above is insufficient to meet the amount<br \/>\n               for repayment. I\/we shall immediately deposit the necessary funds<br \/>\n               upon your Bank&#8217;s notification. In the event that the deposit of<br \/>\n               funds is delayed, your Bank is entitled to debit the account in<br \/>\n               the same manner at any time after it has been credited.<\/p>\n<p>Article 5.     (Acceleration of Payment)<\/p>\n<p>               1.   In case any one of the following events occurs to me\/us, the<br \/>\n                    principal amount of overdraft and interest thereon shall<br \/>\n                    immediately become due and payable without any notice or<br \/>\n                    demand, etc., from your Bank, and I\/we shall pay such<br \/>\n                    principal and interest forthwith.<\/p>\n<p>               (1)  When I\/we have become unable to pay debts or obligations or<br \/>\n                    application or petition is submitted for bankruptcy,<br \/>\n                    commencement of composition of creditors, commencement of<br \/>\n                    corporate reorganization proceedings, commencement of<br \/>\n                    company arrangement, or commencement of special liquidation.<\/p>\n<p>               (2)  When the Clearing House in observance of its rules takes<br \/>\n                    procedures for suspension of my\/our transactions with banks<br \/>\n                    and similar institutions.<\/p>\n<p>               (3)  When order or notice of provisional attachment,<br \/>\n                    preservative attachment or attachment is dispatched in<br \/>\n                    respect of my\/our or the guarantor&#8217;s deposits and\/or any<br \/>\n                    other credits with your Bank and such attachment or other<br \/>\n                    court order of enforcement is not dismissed, discharged,<br \/>\n                    stayed or restrained in each case within 30 days after the<br \/>\n                    date of issue thereof.<\/p>\n<p>               (4)  When my\/our whereabouts become unknown to your Bank after<br \/>\n                    due diligence and for a period longer than 30 days due to<br \/>\n                    my\/our failure to notify your Bank of change of my\/our<br \/>\n                    address or any other causes attributable to me\/us.<\/p>\n<p>               2.   In any of the following cases, if such event continues<br \/>\n                    unremedied for a period of 30 days after written notice<br \/>\n                    thereof have been given to me\/us by your Bank, upon the<br \/>\n                    expiration of such 30 day period, the principal amount of<br \/>\n                    overdraft and interest thereon shall become due and<br \/>\n                    payable, and I\/we shall pay such principal and interest<br \/>\n                    forthwith, provided, however, that, in case such event is<br \/>\n                    incapable of remedy, any and all obligations I\/we owe to<br \/>\n                    your Bank shall immediately become due and payable upon<br \/>\n                    your Bank&#8217;s demand.<\/p>\n<p>               (1)  When I\/we fail to pay any of my\/our obligations to your<br \/>\n                    Bank when it is due.<\/p>\n<p>               (2)  When property offered to your Bank as security is attached<br \/>\n                    or public auction procedures is commenced in respect of such<br \/>\n                    property.<\/p>\n<p>               (3)  When I\/we violate the stipulations of a transaction with<br \/>\n                    your Bank except to the extent such violation may<br \/>\n                    reasonably be regarded as immaterial in terms of my\/our<br \/>\n                    ability to perform my\/our payment obligations to your Bank.<\/p>\n<p>               (4)  When the guarantor falls under any one of the items of the<br \/>\n                    preceding Paragraph or this Paragraph.<\/p>\n<p>               (5)  When there is a change in the business condition (financial<br \/>\n                    or otherwise), operations, performance or prospects of<br \/>\n                    me\/us since the date at which my\/our most recent audited<br \/>\n                    financial statements were stated to be prepared which has a<br \/>\n                    material adverse effect on the ability of me\/us to perform,<br \/>\n                    or comply with, my\/our obligations to your Bank.<\/p>\n<p>Article 6.     (Prepayment, etc.)<\/p>\n<p>               Prepayment may only be made if all of the following conditions<br \/>\n               are met, and with your Bank&#8217;s consent.<\/p>\n<p>               (1)  If an interest rate is to be reset periodically from the<br \/>\n                    date of overdraft prospective on the application for use of<br \/>\n                    overdraft facility, and the relevant repayment is made on<br \/>\n                    the interest rate reset date.<\/p>\n<p>               (2)  If your Bank has been notified of my\/our intention to repay<br \/>\n                    by the business day preceding the date of the relevant<br \/>\n                    repayment.<\/p>\n<p>Article 7.      (Rate of Damages for Delay)<br \/>\n                Damages I\/we shall pay to your Bank in the event of my\/our<br \/>\n                failure to perform my\/our obligations owed to your Bank shall<br \/>\n                be calculated at the rate of Japanese Yen TIBOR quoted by your<br \/>\n                Bank for the period selected by your Bank plus two percent (2%)<br \/>\n                per annum, provided, however, that I\/we shall pay to your Bank<br \/>\n                damages only if I\/we fail to perform my\/our material obligations<br \/>\n                to your Bank including, without limitation, my\/our obligations<br \/>\n                to pay principal, interest, prepayment premium, and damages.<br \/>\n                Damages are to be calculated on the actual number of days on a<br \/>\n                365-day year basis for<\/p>\n<p>Article 8.      (Reduction, Suspension and Termination)<\/p>\n<p>                (1) In the event there is any change in the financial conditions<br \/>\n                    or if it becomes necessary for your Bank to preserve your<br \/>\n                    Bank&#8217;s rights or if there exists any other reasonable<br \/>\n                    causes, your Bank may at any time reduce the Maximum<br \/>\n                    Aggregate amount of overdraft, suspend the overdraft<br \/>\n                    facility or terminate this Agreement, notwithstanding<br \/>\n                    Article 1 of this agreement.<\/p>\n<p>                (2) When the transaction pursuant to this Agreement is<br \/>\n                    terminated or when the overdraft facility is suspended, I\/we<br \/>\n                    shall immediately pay the principal amount of overdraft and<br \/>\n                    interest thereon. Further, when the Maximum Aggregate amount<br \/>\n                    of overdraft is reduced, I\/we shall immediately pay the<br \/>\n                    amount of overdraft exceeding the reduced maximum amount.<\/p>\n<p>                                                                             End<\/p>\n<p>(This English translation is for convenience only. Any and all questions that<br \/>\nmay arise in regard to the meaning of the words, provisions and stipulations of<br \/>\nthis Agreement shall be interpreted in accordance with the Japanese original.)<\/p>\n<p>                                    GUARANTY<\/p>\n<p>        GUARANTY dated as of October 3, 2001 made by VERITAS Software Global<br \/>\nCorporation, a corporation organized under the laws of Delaware (the &#8220;A<br \/>\nGuarantor&#8221;) and VERITAS Operating Corporation, a corporation organized under the<br \/>\nlaws of Delaware (the &#8220;B Guarantor&#8221;), and VERITAS Software Corporation, a<br \/>\ncorporation organized under the laws of Delaware (the &#8220;C Guarantor&#8221;) in favor of<br \/>\nTHE FUJI BANK, LIMITED (the &#8220;Bank&#8221;).<\/p>\n<p>        The A Guarantor, B Guarantor and C Guarantor shall be jointly and<br \/>\nseverally liable hereunder, and the term &#8220;Guarantor&#8221; wherever used herein shall<br \/>\nbe construed to refer separately to each of the A Guarantor, B Guarantor and the<br \/>\nC Guarantor or collectively to both of the A Guarantor, B Guarantor and the C<br \/>\nGuarantor as the case may be.<\/p>\n<p>        PRELIMINARY STATEMENTS: The Bank has entered, or may from time to time<br \/>\nenter, into agreements or arrangements with VERITS Software KK, a corporation<br \/>\norganized under the laws of Japan, (the &#8220;Counterparty&#8221;), providing for credit<br \/>\nextensions or financial accommodations to the Counterparty of any kind<br \/>\nwhatsoever, including but not limited to the making of loans, advances or<br \/>\noverdrafts, whether or not secured, discount or purchase of notes, securities or<br \/>\nother instruments or property, creation of acceptances, issuance or confirmation<br \/>\nof letters of credit, guaranties or indemnities, entering into foreign exchange<br \/>\ncontracts or interest rate or currency swap or protection agreements or any<br \/>\nother kind of contract or agreement under which the Counterparty may be indebted<br \/>\nto the Bank in any manner (all of the foregoing agreements or arrangements being<br \/>\nthe &#8220;Transactions&#8221; and any writing evidencing, supporting or securing a<br \/>\nTransaction being a &#8220;Transaction Document&#8221;). The Guarantor owns 100%, 100% and<br \/>\n100%, respectively, of the stock or other ownership interests of the<br \/>\nCounterparty and is financially interested in its affairs.<\/p>\n<p>        Therefore, in consideration of the Guaranty and in order to induce the<br \/>\nBank to enter into or extend credit or give financial accommodation with respect<br \/>\nto the Transactions, the Guarantor agrees as follows:<\/p>\n<p>        SECTION 1. GUARANTY OF PAYMENT. The Guarantor unconditionally,<br \/>\nirrevocably, jointly and severally guarantees to the Bank and its successors,<br \/>\nendorsees, transferees and assigns, as primary obligor and not merely as surety,<br \/>\nthe punctual payment of all sums now owing or that may in the future be owing by<br \/>\nthe Counterparty with respect to the Transactions, when the same are due and<br \/>\npayable, whether on demand, at stated maturity, by acceleration or otherwise,<br \/>\nand whether for principal, interest (including, without limitation, default<br \/>\ninterest), purchase price, margin or additional payments, fees, expenses, cost<br \/>\nof replacement transactions, indemnification or otherwise (all of the foregoing<br \/>\nsums being the &#8220;Liabilities&#8221;) (; provided, however, that the obligations of the<br \/>\nGuarantor hereunder shall not exceed at any one time with respect to the<br \/>\naggregate principal amount of the Transactions the sum of One Billion Japanese<br \/>\nYen). The Liabilities include, without limitation, interest accruing after the<br \/>\ncommencement of a proceeding under bankruptcy, insolvency or similar laws of any<br \/>\njurisdiction at the rate or rates provided in the Transaction Documents. This<br \/>\nGuaranty is a guaranty of payment and not of collection only. The Bank shall not<br \/>\nbe required to exhaust any right or remedy or take any action against the<br \/>\nCounterparty or any other person or entity or any collateral. The Guarantor<br \/>\nagrees that, as between the Guarantor and the Bank, the Liabilities may be<br \/>\ndeclared to be due and payable for the purposes of this Guaranty,<br \/>\nnotwithstanding any stay, injunction or other prohibition that may prevent,<br \/>\ndelay or vitiate any declaration as regards the Counterparty and that in the<br \/>\nevent of a declaration or attempted declaration, the Liabilities shall<br \/>\nimmediately become due and payable by the Guarantor for the purposes of the<br \/>\nGuaranty.<\/p>\n<p>        SECTION 2. GUARANTY ABSOLUTE. The Guarantor guarantees that the<br \/>\nLiabilities shall be paid strictly in accordance with the terms of the<br \/>\nTransactions regardless of any law, regulation or order now or hereafter in<br \/>\neffect in any jurisdiction affecting any of such terms or the rights of the Bank<br \/>\nwith respect thereto. The liability of the Guarantor under this Guaranty is<br \/>\nabsolute and <\/p>\n<p>                                       1<\/p>\n<p>unconditional irrespective of: (a) any change in the time, manner or place of<br \/>\npayment, of or in any terms of, all or any of the Transaction Documents or<br \/>\nLiabilities, or any other amendment or waiver of or any consent to departure<br \/>\nfrom any of the terms of any Transaction Document or Liability; (b) any<br \/>\nrelease or amendment or waiver of, or consent to departure from, any other<br \/>\nguaranty or support document, or any exchange, release or nonperfection of any<br \/>\nsecurity or collateral, for all or any of the Transaction Documents or<br \/>\nLiabilities; (c) any present or future law, regulation or order of any<br \/>\njurisdiction (whether of right or in fact) or of any agency thereof purporting<br \/>\nto reduce, amend, restructure or otherwise affect any term of any Transaction<br \/>\nDocument or Liability; (d) without being limited by the foregoing, any lack of<br \/>\nvalidity or enforceability of any Transaction Document or Liability or any<br \/>\nfailure to receive any governmental approval relating thereto; (e) any other<br \/>\ndefense whatsoever that might constitute a defense available to, or discharge<br \/>\nof, the Counterparty or a guarantor (including, without limitation, the<br \/>\nbankruptcy or, reorganization of the Counterparty). If any guarantor (including<br \/>\nthe Guarantor) has provided or hereafter provides you with any guaranty or<br \/>\nsecurity for the transactions between the Bank and the Counterparty, other than<br \/>\nthis Guaranty, such guaranty or security shall not be changed, modified or<br \/>\naffected in any way whatsoever by this Guaranty. In furtherance and not in<br \/>\nlimitation of the foregoing, if any guarantor has provided or hereafter<br \/>\nprovides the Bank with any other guaranty or security with a limitation in<br \/>\namount, this Guaranty shall be in addition to and shall not be reduced by such<br \/>\nlimit.<\/p>\n<p>     SECTION 3. GUARANTY IRREVOCABLE. This Guaranty is a continuing guaranty<br \/>\nand shall remain in full force and effect until payment in full of all<br \/>\nLiabilities and other amounts payable under this Guaranty and until the<br \/>\nTransactions are no longer in effect.<\/p>\n<p>     SECTION 4. REINSTATEMENT. This Guaranty shall continue to be effective or<br \/>\nbe reinstated, as the case may be, if at any time any payment of any of the<br \/>\nLiabilities is rescinded or must otherwise be returned by the Bank on the<br \/>\ninsolvency, bankruptcy or reorganization of the Counterparty or otherwise, all<br \/>\nas though the payment had not been made.<\/p>\n<p>     SECTION 5. SUBROGATION. The Guarantor shall not exercise any rights that it<br \/>\nmay acquire by way of subrogation, by any payment made under this Guaranty or<br \/>\notherwise, until all the Liabilities have been paid in full and the Transactions<br \/>\nare no longer in effect. If any amount is paid to the Guarantor on account of<br \/>\nsubrogation rights under this Guaranty at any time when all the Liabilities have<br \/>\nnot been paid in full, the amount shall be held in trust for the benefit of the<br \/>\nBank and shall be promptly paid to the Bank to be credited and applied to the<br \/>\nLiabilities, whether matured or unmatured or absolute or contingent, in<br \/>\naccordance with the terms of the Transactions. If the Guarantor makes payment to<br \/>\nthe Bank of all or any part of the Liabilities and all the Liabilities are paid<br \/>\nin full and the Transactions are not longer in effect, the Bank shall, at the<br \/>\nGuarantor&#8217;s request, execute and deliver to the Guarantor appropriate documents,<br \/>\nwithout recourse and without representation or warranty, necessary to evidence<br \/>\nthe transfer by subrogation to the Guarantor of an interest in the Liabilities<br \/>\nresulting from the payment.<\/p>\n<p>     SECTION 6. SUBORDINATION. Without limiting the Bank&#8217;s right under any other<br \/>\nagreement, any liabilities owed by the Counterparty to the Guarantor in<br \/>\nconnection with any extension of credit or financial accommodation by the<br \/>\nGuarantor to or for the account of the Counterparty, including but not limited<br \/>\nto interest accruing at the agreed contract rate after the commencement of a<br \/>\nbankruptcy or similar proceeding, are hereby subordinated to the Liabilities,<br \/>\nand such liabilities of the Counterparty to the Guarantor, if the Bank so<br \/>\nrequests, shall be collected, enforced and received by the Guarantor as trustee<br \/>\nfor the Bank and shall be paid over to the Bank on account of the Liabilities<br \/>\nbut without reducing or affecting in any manner the liability of the Guarantor<br \/>\nunder the other provisions of the Guaranty.<\/p>\n<p>     SECTION 7. PAYMENTS GENERALLY. All payments by the Guarantor shall be made<br \/>\nin the manner, at the place and in the currency (the &#8220;Payment Currency&#8221;)<br \/>\nrequired by the Transaction Documents and payment in the Payment Currency shall<br \/>\nbe of the essence; provided, however,<\/p>\n<p>                                       2<\/p>\n<p>that (if the Payment Currency is other than Japanese Yen) the Guarantor may, at<br \/>\nits option (or, if for any reason whatsoever the Guarantor is unable to effect<br \/>\npayments in the foregoing manner, the Guarantor shall be obligated to) pay to<br \/>\nthe Bank at its principal office the equivalent amount in Japanese Yen computed<br \/>\nat the selling rate chosen by the Bank, or most recently in effect on or prior<br \/>\nto the date the Liability becomes due, for cable transfers of the Payment<br \/>\nCurrency to the place where the Liability is payable. The Guarantor&#8217;s<br \/>\nobligation in respect of any sum due from it to the Bank hereunder shall,<br \/>\nnotwithstanding any payment in a currency other than the Payment Currency, be<br \/>\ndischarged only to the extent that on the Business Day following receipt by the<br \/>\nBank of any sum in such other currency the Bank may in accordance with normal<br \/>\nbanking procedures purchase the Payment Currency with such other currency: if<br \/>\nthe aggregate amount of the Payment Currency so purchased is less than the sum<br \/>\noriginally due to the Bank in the Payment Currency, the Guarantor agrees, as a<br \/>\nseparate obligation, to indemnify the Bank against such loss.<\/p>\n<p>     SECTION 8. CERTAIN TAXES. (a) The Guarantor further agrees that all<br \/>\npayments to be made hereunder shall be made without setoff or counterclaim and<br \/>\nfree and clear of, and without deduction for, any taxes, levies, imposts,<br \/>\nduties, charges, fees, deductions, withholdings or restrictions or conditions<br \/>\nof any nature whatsoever now or hereafter imposed, levied, collected, withheld<br \/>\nor assessed by any country or by any political subdivision or taxing authority<br \/>\nthereof or therein (&#8220;Taxes&#8221;), but excluding taxes imposed on income or capital<br \/>\nof the Bank by the jurisdiction (or any political subdivision thereof) under<br \/>\nthe laws of which the Bank is organized, or in which its principal place of<br \/>\nbusiness or lending office is located.<\/p>\n<p>     (b) If the Guarantor shall be required by law to withhold any Taxes from<br \/>\nany amounts payable to the bank hereunder, (i) the amounts so payable to the<br \/>\nBank shall be increased to the extent necessary to yield to the Bank (after<br \/>\npayment of all Taxes) the amounts payable hereunder in the full amounts so to<br \/>\nbe paid, (ii) the Guarantor shall make such withholdings, and (iii) the<br \/>\nGuarantor shall pay the full amount withheld to the relevant tax or other<br \/>\nauthority in accordance with applicable law. Whenever any Tax is paid by the<br \/>\nGuarantor, as promptly as possible thereafter the Guarantor shall send the Bank<br \/>\nan official receipt showing payment thereof, together with such additional<br \/>\ndocumentary evidence as may be required from time to time by the Bank.<\/p>\n<p>     (c) In addition, the Guarantor agrees to pay any present or future stamp<br \/>\nor documentary taxes or any other excise or property taxes, charges or similar<br \/>\nlevies that arise from any payment made hereunder or form the execution,<br \/>\ndelivery, registration, performance and enforcement of this Guaranty<br \/>\n(hereinafter referred to as &#8220;Other Taxes&#8221;).<\/p>\n<p>     (d) The Guarantor will indemnify the bank for, and reimburse the Bank<br \/>\npromptly upon demand, the full amount of any Taxes or Other Taxes (including,<br \/>\nwithout limitation, any Taxes or other Taxes imposed by any jurisdiction on<br \/>\namounts payable under this Section) paid by the bank (as the case may be), and<br \/>\nany liability (including penalties, interests and expenses) arising therefrom<br \/>\nor with respect thereto, whether or not such Taxes or Other Taxes were<br \/>\ncorrectly and legally asserted.<\/p>\n<p>     (e) Without prejudice to the survival of any other agreement of the<br \/>\nGuarantor hereunder, the agreements and obligations of the Guarantor contained<br \/>\nin this Section shall survive the payment in full of all amounts due on the<br \/>\nTransactions.<\/p>\n<p>     SECTION 9. REPRESENTATIONS AND WARRANTIES. (a) The Guarantor represents<br \/>\nand warrants that the execution, delivery and performance of this Guaranty: (i)<br \/>\nhas been duly authorized by all necessary corporate action; (ii) does not<br \/>\nviolate any agreement, instrument, law, regulation or order applicable to the<br \/>\nGuarantor or its charter or bylaws; (iii) to its best knowledge and belief does<br \/>\nnot require the consent or approval of any person or entity, including but not<br \/>\nlimited to any governmental authority, or any notice or filing or registration<br \/>\nof any kind; and (iv) is the legal, <\/p>\n<p>                                       3<\/p>\n<p>valid and binding obligation of the Guarantor enforceable against the Guarantor<br \/>\nin accordance with its terms, except to the extent that enforcement may be<br \/>\nlimited by applicable bankruptcy, insolvency and other similar laws affecting<br \/>\ncreditors&#8217; rights generally or by general principles of equity.<\/p>\n<p>        (b) The Guarantor is a corporation duly organized and validly existing<br \/>\nunder the laws of the jurisdiction as heretofore mentioned, and has all<br \/>\nrequisite corporate power and authority to conduct its business, to own its<br \/>\nproperties and to execute and deliver, and perform all of its obligations under,<br \/>\nthis Guaranty.<\/p>\n<p>        (c) There are no actions, suits or proceedings pending or, to the<br \/>\nknowledge of the Guarantor, threatened against or affecting the Guarantor before<br \/>\nany court, governmental agency or arbitrator, that may, in any one case or in<br \/>\nthe aggregate, materially adversely affect the financial condition, operations,<br \/>\nproperties or business of the Guarantor or the ability of the Guarantor to<br \/>\nperform its obligations under this Guaranty.<\/p>\n<p>        SECTION 10. COVENANTS. For so long as this Guaranty remains in effect,<br \/>\nthe Guarantor will:<\/p>\n<p>        (a) Maintain ownership of the voting shares or other ownership interests<br \/>\nof the Counterparty at the ratio heretofore mentioned; and<\/p>\n<p>        (b) Furnish to the Bank, or cause the Counterparty to furnish to the<br \/>\nBank, such information respecting the condition or operations, financial or<br \/>\notherwise, of the Guarantor or the Counterparty, as the Bank may from time to<br \/>\ntime reasonably request.<\/p>\n<p>        SECTION 11. REMEDIES GENERALLY. The remedies provided in this Guaranty<br \/>\nare cumulative and not exclusive of any remedies provided by law.<\/p>\n<p>        SECTION 12. SETOFF. The Guarantor agrees that, in addition to (and<br \/>\nwithout limitation of) any right of setoff, banker&#8217;s lien or counterclaim the<br \/>\nBank may otherwise have, the Bank shall be entitled, at its option, to offset<br \/>\nbalances (general or special, time or demand, provisional or final) held by it<br \/>\nfor the account of the Guarantor at any of the Bank&#8217;s offices, in Japanese Yen<br \/>\nor in any other currency, against any amount payable by the Guarantor under this<br \/>\nGuaranty that is not paid when due (regardless of whether such balances are then<br \/>\ndue to the Guarantor), in which case it shall promptly notify the Guarantor<br \/>\nthereof; provided that the Bank&#8217;s failure to give such notice shall not affect<br \/>\nthe validity thereof. The Guarantor shall not set off its guaranty obligations<br \/>\nhereunder against any deposits or other credits of itself or the Counterparty<br \/>\nwith the Bank.<\/p>\n<p>        SECTION 13. FORMALITIES. The Guarantor waives presentment, notice of<br \/>\ndishonor, protest, notice of acceptance of this Guaranty or incurrence of any<br \/>\nLiability and any other formality with respect to any of the Liabilities of<br \/>\nthis Guaranty.<\/p>\n<p>        SECTION 14. AMENDMENTS AND WAIVERS. No amendment or waiver of any<br \/>\nprovision of this Guaranty, nor consent to any departure by the Guarantor<br \/>\ntherefrom, shall be effective unless it is in writing and signed by the Bank,<br \/>\nand then the waiver or consent shall be effective only in the specific instance<br \/>\nand for the specific purpose for which given. No failure on the part of the Bank<br \/>\nto exercise, and no delay in exercising, any right under this Guaranty shall<br \/>\noperate as a waiver or preclude any other or further exercise thereof or the<br \/>\nexercise of any other right.<\/p>\n<p>        SECTION 15. EXPENSES. The Guarantor shall reimburse the Bank on demand<br \/>\nfor all costs, expenses and charges, including without limitation fees and<br \/>\ncharges of external legal counsel, for the Bank in connection with the<br \/>\nperformance or enforcement of this Guaranty. The obligations of the Guarantor<br \/>\nunder this Section shall survive the termination of this Guaranty.<\/p>\n<p>                                       4<\/p>\n<p>     SECTION 16. ASSIGNMENT. This Guaranty shall be binding on, and shall inure<br \/>\nto the benefit of the Guarantor, the Bank and their respective successors and<br \/>\nassigns, provided that the Guarantor may not assign or transfer its rights or<br \/>\nobligations under this Guaranty. Except to the extent restricted by the<br \/>\nrelevant Transaction Documents, the Bank may assign, sell participations in or<br \/>\notherwise transfer, with the approval of the Guarantor, which shall not be<br \/>\nunreasonably withheld, its rights with respect to the Transactions and the<br \/>\nTransaction Documents to any other person or entity and the other person or<br \/>\nentity shall then become vested with all the rights granted to the Bank in this<br \/>\nGuaranty or otherwise.<\/p>\n<p>     SECTION 17. CAPTIONS. The headings and captions in this Guaranty are for<br \/>\nconvenience only and shall not affect the interpretation or construction of<br \/>\nthis Guaranty.<\/p>\n<p>     SECTION 18. GOVERNING LAW, ETC. THIS GUARANTY SHALL BE GOVERNED BY THE<br \/>\nLAWS OF JAPAN. THE GUARANTOR CONSENTS TO THE NONEXCLUSIVE JURISDICTION OF THE<br \/>\nTOKYO DISTRICT COURT. THE GUARANTOR WAIVES ANY RIGHT THE GUARANTOR MAY HAVE TO<br \/>\nJURY TRIAL. TO THE EXTENT THAT THE GUARANTOR HAS OR HEREAFTER MAY ACQUIRE ANY<br \/>\nIMMUNITY FROM JURISDICTION OR ANY COURT OR FROM ANY LEGAL PROCESS (WHETHER FROM<br \/>\nSERVICE OR NOTICE, ATTACHMENT PRIOR TO JUDGMENT, ATTACHMENT IN AID OF EXECUTION<br \/>\nOF A JUDGMENT, EXECUTION OR OTHERWISE), THE GUARANTOR HEREBY IRREVOCABLY WAIVES<br \/>\nSUCH IMMUNITY IN RESPECT OF ITS OBLIGATIONS UNDER THIS GUARANTY.<\/p>\n<p>     IN WITNESS WHEREOF, the Guarantor has caused this Guaranty to be executed<br \/>\nand delivered by its duly authorized officer.<\/p>\n<p>GUARANTOR:                                GUARANTOR:<br \/>\nVERITAS Software Global Corporation       VERITAS Operating Corporation<\/p>\n<p>By: \/s\/ KEVIN OLSON        SIGNATURE      By:  \/s\/ KEVIN OLSON       SIGNATURE<br \/>\n   &#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;   VERIFIED           &#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;   VERIFIED<br \/>\n                           &#8212;&#8212;&#8212;                                 &#8212;&#8212;&#8212;<br \/>\nName:  Kevin Olson           MAHO         Name:  Kevin Olson           MAHO<br \/>\nTitle: Treasurer                          Title: Treasurer<\/p>\n<p>GUARANTOR:<br \/>\nVERITAS Software Corporation<\/p>\n<p>By: \/s\/ KEVIN OLSON        SIGNATURE<br \/>\n   &#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;   VERIFIED<br \/>\n                           &#8212;&#8212;&#8212;<br \/>\nName:  Kevin Olson           MAHO<br \/>\nTitle: Treasurer<\/p>\n<p>                                       5<\/p>\n","protected":false},"template":"","meta":{"_acf_changed":false,"_stopmodifiedupdate":true,"_modified_date":"","_cloudinary_featured_overwrite":false},"corporate_contracts_companies":[9244],"corporate_contracts_industries":[9513],"corporate_contracts_types":[9613,9620],"class_list":["post-42038","corporate_contracts","type-corporate_contracts","status-publish","hentry","corporate_contracts_companies-veritas-software-corp","corporate_contracts_industries-technology__software","corporate_contracts_types-operations","corporate_contracts_types-operations__services"],"acf":[],"_links":{"self":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts\/42038","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts"}],"about":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/types\/corporate_contracts"}],"wp:attachment":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/media?parent=42038"}],"wp:term":[{"taxonomy":"corporate_contracts_companies","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_companies?post=42038"},{"taxonomy":"corporate_contracts_industries","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_industries?post=42038"},{"taxonomy":"corporate_contracts_types","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_types?post=42038"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}