AMENDMENT TO GUARANTEE Sample Clauses
The "Amendment to Guarantee" clause establishes the process and conditions under which the terms of an existing guarantee agreement can be modified. Typically, this clause specifies that any changes to the guarantee must be made in writing and agreed upon by all relevant parties, ensuring that amendments are formally documented and enforceable. Its core function is to provide a clear and structured method for updating the guarantee, thereby preventing misunderstandings or disputes about the validity or scope of any changes made to the original agreement.
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AMENDMENT TO GUARANTEE. The New Subsidiaries hereby agree, jointly and severally with all other Subsidiary Guarantors, to guarantee the Issuer’s obligations under the Notes on the terms and subject to the conditions set forth in the Indenture, and to be bound by, and to receive the benefit of, all other applicable provisions of the Indenture as Subsidiary Guarantors. Such guarantee shall be evidenced by the New Subsidiaries’ execution of Subsidiary Guarantees, the form of which is attached as Exhibit E to the Indenture, and shall be effective as of the date hereof.
AMENDMENT TO GUARANTEE. With effect on and from the Effective Date, clause 11.16 of the Guarantee shall be, and shall be deemed by this Agreement to be, deleted and replaced with the following new clause 11.16:
AMENDMENT TO GUARANTEE. The Guarantee is hereby amended as follows:
(a) Section 9(g) of the Guarantee is hereby amended and restated in its entirety to read as follows:
(b) “(g) Guarantor shall fund an account (the “Liquidity Account”) established and maintained on the books and records of the JPMorgan Chase Bank, N.A. in the amount of $10,000,000 and cause at least $10,000,000 to be in such account at all times while any Additional Advance Amounts remain outstanding under the Repurchase Agreement. Following the occurrence of an Event of Default, Buyer shall be entitled to set off such amounts on deposit in the Liquidity Account against any and all amounts owing to Buyer under the Repurchase Agreement and the other Transaction Documents. Guarantor shall not at any time that any Additional Advance is outstanding incur any corporate level indebtedness or new recourse borrowing obligations (excluding any such indebtedness or borrowing under any Third Party Facility) exceeding $50,000,000 and/or which has a maturity on or prior to the final Additional Advance Termination Date (as may be extended in accordance with the Repurchase Agreement), provided, however, that Guarantor may incur corporate level indebtedness or new recourse borrowing obligations exceeding $50,000,000 and without regard to the foregoing maturity restriction if and only if the proceeds of such indebtedness are applied to repay in full the Additional Advance contemporaneously with the incurrence of such indebtedness. For the avoidance of doubt, simultaneously with ▇▇▇▇▇▇’s repurchase pursuant to Article 3(dd) of the Repurchase Agreement of all Additional Advance Purchased Assets such that no Additional Advance Amounts remain outstanding under the Repurchase Agreement, Guarantor shall be entitled upon written notice to Buyer to withdraw all funds held in and terminate the Liquidity Account.”
AMENDMENT TO GUARANTEE. The Purchasers hereby consent to the amendment of the Guarantee as set forth in the Form of Guarantee Amendment and Reaffirmation, attached hereto as Exhibit B-1. (End of Page) 137
AMENDMENT TO GUARANTEE. The Guarantee is hereby amended as follows:
(a) Section 9(b) of the Guarantee is hereby deleted in its entirety and replaced with the following:
AMENDMENT TO GUARANTEE. A new Section 2.9 is hereby inserted immediately following Section 2.8 of the Guarantee.
AMENDMENT TO GUARANTEE. The Guarantee set forth in the Agreement shall be amended such that the Guarantee shall not apply and have no legal effect with respect to any Guarantee Period Interests (whether under existing or new Contracts) issued on or after the date hereof.
AMENDMENT TO GUARANTEE. The Guarantee is hereby amended as follows:
(a) Section 1 of the Guarantee is hereby amended by adding the following defined term in the correct alphabetical order therein:
AMENDMENT TO GUARANTEE. Section 1 of the Guarantee is hereby amended by adding the following new sentence at the end thereof: “Notwithstanding any term or provision of this Guarantee or any other Loan Document to the contrary, with respect to any Facility Guarantor, the term “Guaranteed Obligations” shall exclude any Excluded Swap Obligations with respect to such Facility Guarantor.”
AMENDMENT TO GUARANTEE. The Guarantee is hereby amended to provide for the termination of the Guarantee by inserting the following sentence at the end of Section 9 thereof: “Notwithstanding the foregoing or anything else to the contrary herein, the Guarantee shall automatically terminate and the Guarantor shall be relieved of all obligations and covenants with respect to the Securities under the Guarantee upon the occurrence of the Operative Date as defined in the First Amendment to Guarantee dated as of August 25, 2021 by and among Northrop Grumman Corporation, the Trustee and the Company.”