Common use of Collateral for Obligations of GASMARK Clause in Contracts

Collateral for Obligations of GASMARK. GASMARK currently has collateral posted in support of its obligations under the Base Contract in the form of a parent guaranty effective as of January 1, 2005 from UGI Corporation in favor of Viking Resources Corp. in the amount of Seven Million Dollars ($7,000,000) (the “Guaranty”). Within ten (10) Business Days after the Effective Date, GASMARK will cause to be executed and delivered to Atlas DE a new parent guaranty from UGI Corporation in favor of Atlas DE in the amount of Eight Million Dollars ($8,000,000)(the “Revised Guaranty”) containing terms and conditions reasonably acceptable to Atlas DE and substantially identical terms to the Guaranty. The Revised Guaranty will supercede and replace in its entirety the Guaranty and will be effective as of the Effective Date. It shall be a condition precedent to GASMARK’s performance under this section that Atlas DE perform its obligations under Section 2.3.

Collateral for Obligations of GASMARK. GASMARK currently has collateral posted in support of its obligations under the Base Contract in the form of a parent guaranty effective as of January 1, 2005 from UGI Corporation in favor of Viking Resources Corp. in the amount of Seven Million Dollars ($7,000,000) (the “"Guaranty”"). Within ten (10) Business Days after the Effective Date, GASMARK will cause to be executed and delivered to Atlas DE a new parent guaranty from UGI Corporation in favor of Atlas DE in the amount of Eight Million Dollars ($8,000,000)(the “Revised Guaranty”) containing terms and conditions reasonably acceptable to Atlas DE and substantially identical terms to the Guaranty. The Revised Guaranty will supercede and replace in its entirety the Guaranty and will be effective as of the Effective Date. It shall be a condition precedent to GASMARK’s 's performance under this section that Atlas DE perform its obligations under Section 2.3.