Common use of Adjustment of Guarantee Amount Clause in Contracts

Adjustment of Guarantee Amount. On each anniversary of the date of the Guarantee (the “Adjustment Date”), the Guarantee Amounts are to be adjusted to a revised amount by applying the following formula: where: (i) before the date of the Guarantee for the first Adjustment Date; and (ii) before the preceding Adjustment Date for every subsequent Adjustment Date If after the formula is applied the revised Guarantee Amount will be less than the amount held at the preceding Adjustment Date, the Guarantee Amount will not be adjusted.