GUARANTEE AND SECURITY CONFIRMATION Sample Clauses

GUARANTEE AND SECURITY CONFIRMATION. 3.1 Without prejudice to the rights of any Finance Party which have arisen on or before the Effective Date: (a) the Company for itself and as agent on behalf of each other Obligor confirms that, on and after the Effective Date: (i) the Facilities Agreement as amended by this Letter and the other Finance Documents will remain in full force and effect; and (ii) the Transaction Security Documents to which it is a party will continue to secure all obligations which are expressed to be secured by those documents (including, without limitation, each Obligor’s obligations under the Facilities Agreement) as amended by this Letter; and (b) each Guarantor confirms that, on and after the Effective Date, its guarantee, undertaking and indemnity under clause 23 (Guarantees and Indemnity) of the Facilities Agreement will remain in full force and effect and will extend to each Obligor’s obligations under the Finance Documents (including, without limitation, their obligations under the Facilities Agreement as amended by this Letter). 3.2 To the extent that a Guarantor’s guarantee, undertaking or indemnity under clause 23 (Guarantees and Indemnity) of the Facilities Agreement is not, for any reason, enforceable on or after the Effective Date in relation to any Obligor’s obligations under the Finance Documents (including, without limitation, their obligations under the Facilities Agreement, as amended by this Letter), that Guarantor guarantees to, undertakes with and indemnifies each Finance Party on the terms of that clause in relation to those obligations on and after the Effective Date.

GUARANTEE AND SECURITY CONFIRMATION. 5.1 Each Guarantor confirms that, notwithstanding the amendments to the Relevant Finance Documents effected by this letter, the guarantee and indemnity given under the Facilities Agreement continues in full force and effect and extends to, and operates as an effective unconditional guarantee of all present and future obligations and liabilities of each Obligor under the Finance Documents. 5.2 Each Obligor confirms that, notwithstanding the amendments to the Relevant Finance Documents effected by this letter, the liabilities and obligations arising under the Facilities Agreement, as amended, shall form part of (but not be limited to) the Security created under the Security Agreements to which that Obligor is party to secure any obligation of any Obligor to a Finance Party under the Finance Documents.

GUARANTEE AND SECURITY CONFIRMATION. 4.1 Confirmation With effect on and from the Effective Date, each Chargor: (a) confirms its acceptance of the terms of each of the Amended Guarantee and Security Agreements; (b) agrees that it is bound by the terms of each of the Amended Guarantee and Security Agreements; (c) confirms that the covenant to pay, all guarantees and all of its other obligations under, and all terms of, the Amended Guarantee and Security Agreements: (i) continue in full force and effect on the terms of each of the Amended Guarantee and Security Agreements; and (ii) extend to the Secured Obligations; (d) confirms that: (i) the Existing Security extends to the Secured Obligations; and (ii) the Existing Security continues in full force and effect on the terms of each of the Amended Guarantee and Security Agreements, notwithstanding (A) the amendments to the Existing Credit Agreement effected by Amendment No. 12, (B) the amendments to the Existing Guarantee and Security Agreements effected by this Deed, (C) any other additions, amendments, novation, substitution or supplements of or to the Existing Credit Agreement or the Existing Guarantee and Security Agreements and/or (D) the imposition of any amended, new or more onerous obligations under the Amended Credit Agreement or the Amended Guarantee and Security Agreements in relation to the Loan Parties.

GUARANTEE AND SECURITY CONFIRMATION. The Company confirms and undertakes that: (a) the guarantee granted under the Guarantee Agreement and the Transaction Security created or purporting to be created under any Transaction Security Document shall continue in full force and effect, and extend to all the obligations and liabilities covered or purporting to be covered thereby (including, without limitation, those relating to the Facility Agreement as amended by this Request Letter); and (b) save as expressly amended or otherwise provided for in this Request Letter, the Facility Agreement and the other Finance Documents, including each Transaction Security Document, shall remain in full force and effect and are hereby ratified and confirmed in all respects by the Parties as if herein set forth in their entirety.

GUARANTEE AND SECURITY CONFIRMATION. Each Obligor hereby represents, warrants, reaffirms and confirms to and for the benefit of each Finance Party on the date hereof and on the Effective Date that: (a) the Security granted by the Obligors pursuant to the Transaction Security Documents will secure, without limitation, all of the obligations of the Obligors under the Finance Documents notwithstanding the amendments to the Original Facilities Agreement contemplated by this Amendment Agreement and extend to any new obligations assumed by any Obligor under the Finance Documents as a result of the Upsize Request Letter or this Amendment Agreement; (b) that the execution and delivery of the Upsize Request Letter or this Amendment Agreement shall not operate as a waiver of any right, power or remedy of the Facility Agent or any secured party under any Transaction Security Document or serve to effect a novation of the obligations of the Obligors; and (c) the guarantee and indemnity obligations of it pursuant to clause 22 (Guarantee and Indemnity) of the Original Facilities Agreement shall: (i) remain in full force and effect notwithstanding any amendments to the Original Facilities Agreement contemplated by this Amendment Agreement; and (ii) extend to any new obligations assumed by any Obligor under the Finance Documents as a result of the Upsize Request Letter or this Amendment Agreement.

GUARANTEE AND SECURITY CONFIRMATION. 6.1 Each Guarantor confirms that, notwithstanding the amendments to the Facilities Agreement effected by this letter, the guarantee and indemnity given under the Facilities Agreement continues in full force and effect and extends to, and operates as an effective unconditional guarantee of all present and future obligations and liabilities of each Obligor under the Finance Documents. 6.2 Each Obligor confirms that, notwithstanding the amendments to the Facilities Agreement effected by this letter, the liabilities and obligations arising under the Facilities Agreement, as amended, shall form part of (but not be limited

GUARANTEE AND SECURITY CONFIRMATION. (a) Each Obligor: (i) confirms its acceptance of the Revolving Facility Agreement (as amended by this letter); and (ii) agrees that it is bound as an Obligor by the terms of the Revolving Facility Agreement (as amended by this letter); and (b) the Guarantor further confirms that its guarantee: (i) continues in full force and effect on the terms of the Revolving Facility Agreement (as amended by this letter); and (ii) extends to the obligations of the Obligors under the Finance Documents (including the Revolving Facility Agreement as amended by this letter). in each case in accordance with clause 20 (Guarantee and Indemnity) of the Revolving Facility Agreement.

GUARANTEE AND SECURITY CONFIRMATION. The Issuer confirms and undertakes that, upon and after the Effective Time: (a) the Transaction Security created or purporting to be created by it under any Transaction Security Document shall continue in full force and effect, and extend to all the obligations and liabilities covered or purporting to be covered thereby (including, without limitation, those relating to the Amended and Restated Bond Terms and the Bonds); and (b) save as expressly amended or otherwise provided for in this Agreement, the Bond Terms and the other Finance Documents, including each Transaction Security Document, shall remain in full force and effect and are hereby ratified and confirmed in all respects by the Parties as if herein set forth in their entirety.

GUARANTEE AND SECURITY CONFIRMATION. 6.1 With effect as of the Effective Date, each of the Obligors and Maersk Drilling Holdings Singapore Pte. Ltd. by its signature to this letter ratifies, consents and agrees to the changes to the Facility Agreement set out in Waiver and Amendment Letter (as amended by this letter). 6.2 With effect as of the Effective Date, each Obligor confirms by its signature to this letter for the benefit of the Finance Parties that all guarantee and indemnity obligations owed by it under the Facility Agreement as amended by the Waiver and Amendment Letter (as amended by this letter) shall (a) remain in full force and effect and continue to be binding and enforceable against each Obligor notwithstanding the amendments to the Facility Agreement referred to in the Waiver and Amendment Letter (as amended by this letter), and (b) extend to any new obligations assumed by any Obligor under the Facility Agreement and any other Finance Document as a result of the Waiver and Amendment Letter (as amended by this letter). 6.3 With effect as of the Effective Date, each of the Obligors and Maersk Drilling Holdings Singapore Pte. Ltd. confirms by its signature to this letter for the benefit of the Finance Parties that the Security created by it pursuant to each Security Document (including without limitation the Security Documents listed in Schedule 2 (Security Documents) to this letter) to which it is a party shall (a) remain in full force and effect notwithstanding the amendments to the Facility Agreement referred to in the Waiver and Amendment Letter (as amended by this letter), and (b) continue to be binding and enforceable against the Obligors and Maersk Drilling Holdings Singapore Pte. Ltd. and secure all obligations of the Obligors and Maersk Drilling Holdings Singapore Pte. Ltd. under the Finance Documents as amended, restated and supplemented from time to time (including, but not limited to, under the Facility Agreement as amended by the Waiver and Amendment Letter (as amended by this letter)) and (c) extend to any obligations assumed by the Obligors and Maersk Drilling Holdings Singapore Pte. Ltd. under the Finance Documents, in each case subject to any limitations set out in the Facility Agreement and/or the Security Documents, as the case may be.