By a Supplement Clause Samples

By a Supplement. No. 1 of even date herewith to the Second Mortgage the Owner and the Mortgagee have agreed that as and with effect from 17 December 1997 the Second Mortgagee shall cease to stand as security for the Released Guarantee. NOW it is hereby agreed by and between the parties hereto as follows:- 1. As and with effect from 17 December 1997 the Original Agreement shall cease to stand as security for the balance from time to time outstanding of the principal amount of the Seabrook Loans, interest accrued thereon and all other sums whatsoever and howsoever that may hereafter be secured by the Released Guarantee and any securities executed for the obligations of the Owner under the Released Guarantee. 2. Without prejudice to the generality of Clause 1 as and with effect from 17 December 1997 the following further amendments shall be deemed to have been made to the Original Agreement:- (A) the expression "Guarantees" shall exclude the Released Guarantee; (B) the expression "Borrowers" shall be amended by the deletion therefrom of "Seabrook";