EXHIBIT 10.79.1
AMENDMENT NO. 1 TO CORPORATE GUARANTY
THIS AMENDMENT NO. 1 TO CORPORATE GUARANTY is made as of the ____day of
_________, 1999, by and between GENERAL ELECTRIC CAPITAL CORPORATION ("Lender")
and TARRANT MEXICO, S DE X.X. DE C.V. ("Guarantor").
Guarantor has heretofore executed and delivered certain Corporate Guaranty
dated as of ____, 1999 (the "Guaranty") in favor of Lender, and the Guarantor
and Lender desire to amend the Guaranty as hereinafter set forth. Capitalized
terms used herein without definition shall have the meaning given them in the
Guaranty.
NOW THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties agree as follows:
1. The Guaranty is hereby amended as follows:
(a) The second (2nd) full paragraph set forth on page 2 of the
Guaranty is hereby deleted and the following is inserted in lieu
thereof:
"The Undersigned expressly and irrevocably waives any right of
beneficios de orden, excusion, division, quita, novacion, espera
and modificacion which may be available to it under Articles 2813,
2814, 2815, 2817, 2818, 2823, 2836, 2840, 2845, 2846, 2847, 2848,
2849. The Undersigned represents that it is familiar with the
contents of these articles and agrees that they need not to be
reproduced in this Guaranty".
(b) The third (3rd) full paragraph set forth on page 2 of the Guaranty
is hereby amended by deleting the last sentence thereof.
2. Except as expressly set forth herein, the terms and conditions of the
Guaranty remain unmodified and in full force and effect.
3. THIS AMENDMENT NO. 1 TO CORPORATE GUARANTY SHALL BE GOVERNED BY, AND
CONSTRUED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW
YORK (WITHOUT REGARD TO THE CONFLICT OF LAWS PRINCIPLES OF SUCH
STATE), INCLUDING ALL MATTERS OF CONSTRUCTION, VALIDITY AND
PERFORMANCE.
IN WITNESS WHEREOF, the parties have caused this Amendment No. 1 to
Corporate Guaranty to be executed as of the date first above set forth.
GENERAL ELECTRIC CAPITAL CORPORATION
By: /s/ Xxxxxx X. Xxxxxxxxxx
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Name: Xxxxxx X. Xxxxxxxxxx
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Title: Sr. Risk Analyst
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TARRANT MEXICO, S DE X.X. DE C.V.
By: /s/ Xxxxxxx Xxxxx
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Name: Xxxxxxx Xxxxx
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Title: Director
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