Common use of Guarantors incorporated in Singapore Clause in Contracts

Guarantors incorporated in Singapore. Notwithstanding any provision of this Clause 18 or of any other Finance Document, the obligations of any Guarantor incorporated in Singapore (a "Singaporean Guarantor") under this Clause 18 and under any Finance Document, the obligations of any Singaporean Guarantor under this Guarantee shall be limited to an amount equivalent to the higher of:

Guarantors incorporated in Singapore. Notwithstanding any provision of this Clause 18 or of any other Finance Document, the obligations of any Guarantor incorporated in Singapore (a "Singaporean Guarantor") under this Clause 18 and under any Finance Document, the obligations of any Singaporean Guarantor under this Guarantee shall be limited to an amount equivalent to the higher of:: 18.13.1 the Equity of the Singaporean Guarantor at the date of this Guarantee; 18.13.2 the Equity of the Singaporean Guarantor at the time Singaporean Guarantor is request to make a payment under this Guarantee; and 18.13.3 with respect to a Singaporean Guarantor which is an Owner, the aggregate fair market value at any time of the Vessels owned by such Singaporean Guarantor.