Guaranty, dated as of the 10th day of December, 1997
that amends the Limited Guaranty made by NRG Energy for
the benefit of Cogen, LLC dated September 19, 1997.
Exhibit 10.27.18
FIRST AMENDMENT TO LIMITED GUARANTY
THIS FIRST AMENDMENT to the Limited Guaranty (the
"Amendment") is made as of the 10th day of December, 1997 and
amends the Limited Guaranty made by NRG Energy, Inc., a Delaware
corporation (the "Guarantor") for the benefit of NRG (Xxxxxx)
Xxxxx, LLC, a Delaware limited liability company (the
"Principal") dated September 19, 1997 (the "Limited Guaranty").
Terms not defined herein shall have the meaning ascribed to them
in the Limited Guaranty.
W I T N E S S E T H:
WHEREAS, the Guarantor has made the Limited Guaranty for the
benefit of the Principal;
WHEREAS, the Guarantor and Principal have agreed to amend
the Limited Guaranty as set forth below;
NOW, THEREFORE, the parties hereto hereby agree as follows:
Section 1.
Amendment to Section 13
1. Section 13 of the Limited Guaranty is hereby amended to read
as follows:
"13. Expiration of Guaranty. This Guaranty shall expire
upon the earliest of
(a) the payment by the Guarantor of the maximum amount
of Guaranteed Obligations set forth in Section 1 above;
(b) expiration of the term of the O&M Agreement if no
claim has been made by Principal against Guarantor
prior to such expiration; provided, however, that
Principal may make claims against Guarantor under this
Guaranty that arose prior to the expiration of the O&M
Agreement for a period of one hundred twenty (120) days
after the expiration of the O&M Agreement; or (c)
delivery by Operator to Principal of a letter of credit
or substitute guaranty, in each case in form and
substance satisfactory to Principal, in an amount equal
to the remaining obligation of Guarantor hereunder. No
extension of the Guaranty shall be effective unless
evidenced by written amendment signed by the
Guarantor."
Section 2.
Miscellaneous
2. This Amendment may be executed in one or more counterparts,
each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument. This
Amendment shall be governed by and construed in accordance with
the laws of Minnesota, without giving effect to its provisions
regarding conflict of laws. Except as
specifically amended hereby the provisions of the Limited
Guaranty shall continue in full force and effect. This Amendment
contains the entire agreement between the parties hereto as to
amendment of the Limited Guaranty, and any representations,
endorsements, promises or arrangements, including those contained
in any prior drafts of this Amendment, if not embodied herein,
shall not be of any force or effect.
3. This Amendment is effective upon the later of (i) the date
on which written consent to this Amendment is given by The Chase
Manhattan Bank, as agent for Principal's Lenders, and (ii) the
date of this Amendment.
IN WITNESS WHEREOF, the parties hereto have caused their
duly authorized representative to execute this Amendment as of
the day and year first written above.
NRG Energy, Inc.
By:/s/ Xxxxx Xxxxxxxxxxx
Name: Xxxxx X. Xxxxxxxxxxx
Title: Vice President