Sears 2010 Annual Report Download - page 93

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SEARS HOLDINGS CORPORATION
Notes to Consolidated Financial Statements—(Continued)
subsidiaries are 100% owned directly or indirectly by the Parent and all guarantees are joint, several and
unconditional. Additionally, the notes are secured by a security interest in certain assets consisting primarily of
domestic inventory and credit card receivables of the guarantor subsidiaries, and consequently may not be
available to satisfy the claims of the Company’s general creditors.
93