Common use of Mitsubishi Corporation guarantee of subsidiaries' performance Clause in Contracts

Mitsubishi Corporation guarantee of subsidiaries' performance. Notwithstanding any addition to or deletion or variation of the provisions of this Agreement or any time or other indulgence granted by the State or by the Minister to the Joint Venturers or to either or both of Diamond Resources (Fitzroy) Pty Ltd or Diamond Resources (Canning) Pty Ltd whether or not notice thereof is given to the Guarantor by the State, the Guarantor hereby guarantees to the State the due performance by each of those companies of all of their obligations to be performed hereunder. The Minister may agree to release the Guarantor from this guarantee where the Minister is reasonably satisfied that those companies have the financial capacity to perform their obligations under this Agreement. Except as provided in a release given under this clause, the guarantee given under this clause shall continue notwithstanding the cessation or determination of this Agreement.

Appears in 5 contracts

Samples: Agreement, Agreement, Agreement

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