Additional Guarantee Limitations Sample Clauses
The "Additional Guarantee Limitations" clause defines specific restrictions or conditions on any extra guarantees provided under an agreement. Typically, this clause outlines the scope, duration, or circumstances under which additional guarantees may be offered, such as capping the total liability or excluding certain types of damages. Its core function is to manage and limit the exposure of the guarantor, ensuring that any supplementary guarantees do not create unforeseen or unlimited obligations.
Additional Guarantee Limitations. In this Clause 21.13:
Additional Guarantee Limitations. The guarantee of any Additional Guarantor is subject to any limitations relating to that Additional Guarantor on the amount guaranteed or to the extent of the recourse of the beneficiaries of the guarantee which is set out in the Accession Deed applicable to such Additional Guarantor (which may include any amendment to the terms of any limitations set out in this Clause 21 (Guarantee and Indemnity)) and agreed with the Agent (acting reasonably in accordance with the Agreed Security Principles).
Additional Guarantee Limitations. This guarantee does not apply to any liability to the extent that it would result in this guarantee constituting unlawful financial assistance within the meaning of sections 678 or 679 of the Companies Act 2▇▇▇ ▇▇ ▇ny equivalent and applicable provisions under the laws of the jurisdiction of incorporation of the relevant Guarantor and, with respect to any Additional Guarantor, is subject to any limitations set out in the Accession Deed applicable to such Additional Guarantor.