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Exhibit 4.3.e
GUARANTEE
This
GUARANTEE of AGL
Resources Inc., a Georgia corporation (the
“Guarantor”), is dated as of July 2,
2003.
The
Guarantor, for value received, hereby unconditionally
guarantees to each Holder of a 4.45 percent Senior Note (the
“Note”) of AGL Capital Corporation, a Nevada
corporation (the “Company”), authenticated and
delivered by the Trustee pursuant to the terms of an Indenture
by and among the Company, the Trustee and the Guarantor dated
as of February 20, 2001 (the “Indenture”), and to
the Trustee on behalf of each such Holder, the due and
punctual payment of the principal of (and premium, if any) and
interest, on each such Note, each as provided for pursuant to
the terms of such Note when and as the same shall become due
and payable, in accordance with the terms of such Note and of
the Indenture under which it was issued. In case of the
failure of the Company to make any such payment of principal
(or premium, if any) or interest, the Guarantor hereby agrees
to cause any such payment to be made when and as the same
shall become due and payable by acceleration or otherwise, as
if such payment were made by the Company.
The
Guarantor hereby agrees that its obligations hereunder shall
be unconditional, irrespective of the validity, regularity or
enforceability of such Note, t
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