Common use of Variations and replacements Clause in Contracts

Variations and replacements. Each Guarantor acknowledges that the Loan Documents may be varied or replaced from time to time. Each Guarantor confirms that the Obligations include any amount payable under any Loan Document which is relevant to the Obligations as varied or replaced. Each Guarantor confirms that this applies regardless of: (a) how a Loan Document is varied or replaced; (b) the reasons for the variation or replacement; and (c) whether the Obligations decrease or increase or a Loan Document is otherwise more onerous as a result of the variation or replacement.