Common use of Corporate Guarantee Clause in Contracts

Corporate Guarantee. The Corporate Guarantor hereby confirms its consent to the amendments to (i) the Principal Agreement and the Principal Swap Assignment, in either case, on the terms and conditions set out in this Agreement and (ii) the Principal Master Agreement on the terms and conditions contained in the ISDA Amendment Agreement and agrees that: 7.1.1 the Corporate Guarantee and the obligations of the Corporate Guarantor thereunder, shall remain and continue in full force and effect notwithstanding the said amendments to (i) the Principal Agreement and the Principal Swap Assignment contained in this Agreement and (ii) the Principal Master Agreement contained in the ISDA Amendment Agreement; 7.1.2 with effect from the Effective Date, the Corporate Guarantee shall henceforth be construed and treated, and the Corporate Guarantor shall be bound by the Corporate Guarantee, in all respects as if (a) the Q Arion Borrower and the Original Borrowers were, jointly and severally (i) the Borrowers under the Principal Agreement and the Principal Swap Assignment and (ii) the Swap Provider’s counterparties under the Principal Master Agreement and (b) the principal sum of the loan to be advanced referred to in the Corporate Guarantee were “$60,719,250” instead of “$41,100,000”; and 7.1.3 with effect from the Effective Date references in the Corporate Guarantee to “the Agreement” or “the Loan Agreement” and the “Master Swap Agreement” shall henceforth be references to the Principal Agreement as amended and restated by this Agreement and to the Principal Master Agreement as amended and supplemented by the ISDA Master Agreement respectively and, in either case, as from time to time hereafter may be further amended and shall also be deemed to include this Agreement and the ISDA Amendment Agreement and the respective obligations of the Original Borrowers and the Q Arion Borrower hereunder and, as the context may require, thereunder.

Corporate Guarantee. The Corporate Guarantor hereby confirms its consent to the amendments to (i) novation of the Principal Agreement and the Principal Master Swap AssignmentAgreement, and of the rights and obligations of the Outgoing Borrower thereunder by the Outgoing Borrower in either casefavour of the New Borrower, on the terms and conditions set out in in, and to the amendments to the Principal Agreement and the Master Swap Agreement (as the case may be) contained in, this Agreement and (ii) the Principal Master Agreement on the terms and conditions contained in the ISDA Amendment Agreement and agrees agree that: 7.1.1 the Corporate Guarantee and the obligations of the Corporate Guarantor thereunder, shall remain and continue in full force and effect notwithstanding the said novation of, and the amendments to (i) to, the Principal Agreement and the Principal Master Swap Assignment Agreement (as the case may be) contained in this Agreement and (ii) the Principal Master Agreement contained in the ISDA Amendment Agreement; 7.1.2 with effect from the Effective Date, Date the New Borrower shall be and is hereby substituted in place of the Outgoing Borrower as a "Borrower" in the Corporate Guarantee and the Corporate Guarantee shall henceforth be construed and treated, and the Corporate Guarantor shall be bound by the Corporate Guarantee, in all respects as if (a) the Q Arion New Borrower and the Original Borrowers were, jointly and severally (i) the Borrowers under the Principal Agreement and the Principal Swap Assignment and (ii) the Swap Provider’s counterparties under the Principal Master Agreement and (b) the principal sum was a Borrower instead of the loan to be advanced referred to in the Corporate Guarantee were “$60,719,250” instead of “$41,100,000”Outgoing Borrower; and 7.1.3 with effect from the Effective Date Date: (a) references in the Corporate Guarantee to “the "Agreement” " or “the "Facility Agreement" or the "Loan Agreement” and the “Master Swap Agreement” " shall henceforth be references to the Principal Agreement as novated and amended and restated by this Agreement and to the Principal Master Agreement as amended and supplemented by the ISDA Master Agreement respectively and, in either case, as from time to time hereafter may be further amended and shall also be deemed to include this Agreement and the ISDA Amendment obligations of the Borrowers hereunder; and (b) references in the Corporate Guarantee to the "Master Swap Agreement" shall henceforth be references to such documents as novated and amended by this Agreement and as from time to time hereafter amended and shall also be deemed to include this Agreement and the respective obligations of the Original Borrowers and the Q Arion Borrower hereunder and, as the context may require, thereunderhereunder.

Corporate Guarantee. The Corporate Guarantor hereby confirms its consent to the amendments to (i) novation of the Principal Agreement and the Principal Master Swap AssignmentAgreement, and of the rights and obligations of the Outgoing Borrower thereunder by the Outgoing Borrower in either casefavour of the New Borrower, on the terms and conditions set out in in, and to the amendments to the Principal Agreement and the Master Swap Agreement (as the case may be), and the other arrangements, contained in, this Agreement and (ii) to the Principal Master Agreement on release of the terms Existing Security Documents and conditions contained in the ISDA Amendment Agreement further agrees and agrees acknowledges that: 7.1.1 the Corporate Guarantee and the obligations of the Corporate Guarantor thereunder, shall remain and continue in full force and effect notwithstanding the said novation of, and the amendments to (i) to, the Principal Agreement and the Principal Master Swap Assignment Agreement (as the case may be) and the other arrangements contained in this Agreement Agreement, and (ii) the Principal Master Agreement contained in release of the ISDA Amendment AgreementExisting Security Documents; 7.1.2 with effect from the Effective Date, Date the New Borrower shall be and is hereby substituted in place of the Outgoing Borrower as a "Borrower" in the Corporate Guarantee and the Corporate Guarantee shall henceforth be construed and treated, and the Corporate Guarantor shall be bound by the Corporate Guarantee, in all respects as if (a) the Q Arion New Borrower and the Original Borrowers were, jointly and severally (i) the Borrowers under the Principal Agreement and the Principal Swap Assignment and (ii) the Swap Provider’s counterparties under the Principal Master Agreement and (b) the principal sum was a Borrower instead of the loan to be advanced referred to in the Corporate Guarantee were “$60,719,250” instead of “$41,100,000”Outgoing Borrower; and 7.1.3 with effect from the Effective Date Date: (a) references in the Corporate Guarantee to “the "Agreement” " or “the "Facility Agreement" or the "Loan Agreement” and the “Master Swap Agreement” " shall henceforth be references to the Principal Agreement as novated and amended and restated by this Agreement and to the Principal Master Agreement as amended and supplemented by the ISDA Master Agreement respectively and, in either case, as from time to time hereafter may be further amended and shall also be deemed to include this Agreement and the ISDA Amendment obligations of the Borrowers hereunder; and (b) references in the Corporate Guarantee to the "Master Swap Agreement" shall henceforth be references to such documents as novated and amended by this Agreement and as from time to time hereafter amended and shall also be deemed to include this Agreement and the respective obligations of the Original Borrowers and the Q Arion Borrower hereunder and, as the context may require, thereunderhereunder.

Corporate Guarantee. The Corporate Guarantor hereby confirms its consent to the transfer of the Ship from the Existing Flag State to the New Flag State, the amendments to (i) the Principal Agreement and the amendments to the Principal Swap AssignmentCorporate Guarantee, in either case, on the terms discharge of the Existing Mortgage and conditions set out the other arrangements contained in this Agreement and (ii) the Principal Master Agreement on the terms and conditions contained in the ISDA Amendment Agreement and agrees agree that: 7.1.1 6.1.1 the Corporate Guarantee and the obligations of the Corporate Guarantor thereunder, shall remain and continue in full force and effect notwithstanding the said transfer of the Ship from the Existing Flag State to the New Flag State, the amendments to (i) the Principal Agreement Agreement, the amendments to the Principal Corporate Guarantee, the discharge of the Existing Mortgage and the Principal Swap Assignment other arrangements contained in this Agreement and (ii) the Principal Master Agreement contained in the ISDA Amendment Agreement;; and 7.1.2 6.1.2 with effect from the Effective Date, the Corporate Guarantee shall henceforth be construed and treated, and the Corporate Guarantor shall be bound by the Corporate Guarantee, in all respects as if : (a) the Q Arion Borrower and the Original Borrowers were, jointly and severally (i) the Borrowers under the Principal Agreement and the Principal Swap Assignment and (ii) the Swap Provider’s counterparties under the Principal Master Agreement and (b) the principal sum of the loan to be advanced referred to in the Corporate Guarantee were “$60,719,250” instead of “$41,100,000”; and 7.1.3 with effect from the Effective Date references in the Principal Corporate Guarantee to “the "Agreement” " or “the "Facility Agreement" or the "Loan Agreement” and the “Master Swap Agreement” " (or similar or equivalent references) shall henceforth be references to the Principal Agreement as amended and restated by this Agreement and to the Principal Master Agreement as amended and supplemented by the ISDA Master Agreement respectively and, in either case, as from time to time hereafter may be further amended and shall also be deemed to include this Agreement and the ISDA Amendment obligations of the Borrowers hereunder; and (b) references in the Principal Corporate Guarantee to "this Guarantee" (or similar or equivalent references) shall henceforth be references to the Principal Corporate Guarantee as amended by this Agreement and as from time to time hereafter amended and shall also be deemed to include this Agreement and the respective obligations of the Original Borrowers and the Q Arion Borrower hereunder and, as the context may require, thereunderhereunder.