Specific amendments to the Guarantee. With effect on and from the Effective Date, the Guarantee shall be, and shall be deemed by this Agreement to be amended as follows:
(a) In clause 1.2 (Construction of certain terms) of the Guarantee, the following definition shall be added:
Specific amendments to the Guarantee. With effect on and from the Effective Date, the Guarantee shall be, and shall be deemed by this Agreement to be amended as follows:
(a) Clause 11.15 (Financial Covenants) shall be deleted and replaced as follows:
Specific amendments to the Guarantee. With effect on and from the Effective Date, the Guarantee shall be, and shall be deemed by this Agreement to be amended as follows:
(a) by deleting clause 12.8 (minimum interest coverage) of the Guarantee and replacing it with the following new clause 12.8:
Specific amendments to the Guarantee. With effect on and from the Effective Date, the Guarantee shall be, and shall be deemed by this Agreement to be amended as follows:
(a) by deleting clause 12.4 (Dividends) of the Guarantee and replacing it with the following new clause 12.4:
Specific amendments to the Guarantee. By deleting clause 12.3 (b) thereof in its entirety and by replacing it with the following new Clause 12.3(b) as follows:
Specific amendments to the Guarantee. With effect on and from the Effective Date, the Guarantee shall be, and shall be deemed by this Agreement to be amended as follows:
(a) by inserting the following new paragraph (d) in clause 11.6 (provision of financial statements) of the Loan Agreement:
Specific amendments to the Guarantee. In consideration of the agreement of the Lender contained in Clause 3.1 of this Supplemental Agreement, Euroseas hereby agrees with the Lender that upon satisfaction of the conditions referred to in Clause 4.1, the provisions of the Euroseas Guarantee shall be varied and/or amended and/or supplemented with effect on and from the Effective Date as follows:
(a) by adding a new proviso after 9.01.13.3 as follows:
Specific amendments to the Guarantee. With effect on and from the Effective Date, the Guarantee shall be, and shall be deemed by this Agreement to be amended as follows:
(a) by deleting the definition of "Consolidated Tangible Net Worth" in Clause 1.2 of the Guarantee and replacing it with the following: :
Specific amendments to the Guarantee. In consideration of the agreement of the Lender contained in Clause 3.1 of this Supplemental Agreement, Euroseas hereby agrees with the Lender that upon satisfaction of the conditions referred to in Clause 4.1, the provisions of the Euroseas Guarantee shall be varied and/or amended and/or supplemented with effect on and from the Effective Date as follows:
(a) by adding a new proviso after 9.01.13.3 as follows: "Provided that even when the above restrictions do not apply the Guarantor will not
(i) declare, make or pay dividend, charge, fee or other distribution (or interest on any unpaid dividend, charge, fee or other distribution) (whether in cash or in kind) on or in respect of its share capital ;
(ii) repay or distribute any dividend or share premium reserve; or
(iii) redeem, repurchase, defease, retire or repay any of its share capital or resolve to do so, But for the avoidance of doubt these restrictions apply to the Guarantor common shares only.";
(b) by deleting clause 9.01.
Specific amendments to the Guarantee. With effect on and from the Effective Date:
(a) the Guarantee issued by Guarantor 1 shall be, and shall be deemed by this Agreement to be, amended by the insertion of a new clause 2.5;
(b) the Guarantee issued by Guarantor 2 shall be, and shall be deemed by this Agreement to be, amended by the insertion of a new clause 2.5;
(c) the Guarantee issued by Guarantor 3 shall be, and shall be deemed by this Agreement to be, amended by the insertion of a new clause 2.5;
(d) the Guarantee issued by Guarantor 4 shall be, and shall be deemed by this Agreement to be, amended by the insertion of a new clause 11.12; as follows:
