Reduction of Guarantees. For each instalment paid pursuant to Clause 6.1 above, GIEK’s obligations under the GIEK Guarantee shall be reduced accordingly subject always to the provisions of the GIEK Guarantee.
Appears in 4 contracts
Samples: Guarantee Agreement (KNOT Offshore Partners LP), Facility Agreement (KNOT Offshore Partners LP), Fourth Supplemental Agreement (KNOT Offshore Partners LP)
