Amendment to Guaranty Agreement Clause Examples
An Amendment to Guaranty Agreement clause formally modifies the terms of an existing guaranty agreement between parties. This clause outlines the specific changes being made, such as adjusting the scope of the guarantor’s obligations, altering payment terms, or updating parties’ information. By clearly documenting these modifications, the clause ensures that all parties are aware of and agree to the revised terms, thereby preventing misunderstandings and maintaining the enforceability of the guaranty.
Amendment to Guaranty Agreement. Effective as of the First Amendment Effective Date, a new Section 4.15 is hereby added to the Guaranty Agreement immediately following Section 4.14 thereof, which Section 4.15 shall read in full as follows:
Amendment to Guaranty Agreement. The Guaranty Agreement is hereby amended as set forth in this Section 3.
Amendment to Guaranty Agreement. Mr. Xxxxxxxxx xxall deliver concurrently with his execution of this Third Amendment an executed copy of the Second Amended and Restated Guaranty Agreement attached hereto as Exhibit B which acknowledges and agrees to the changes in the value of the Prebate and the terms of the repayment of the Prebate.
Amendment to Guaranty Agreement. Subject to the satisfaction of the conditions precedent set forth in Section 8 hereof, the parties hereto hereby agree that the Guaranty Agreement is hereby amended by adding the following new paragraph to the end of Section 2.1 of the Guaranty Agreement to read as follows: “Each Qualified ECP Guarantor hereby jointly and severally absolutely, unconditionally and irrevocably undertakes to provide such funds or other support as may be needed from time to time by each other Guarantor to honor all of its obligations under this Guaranty in respect of Swap Obligations (provided, however, that each Qualified ECP Guarantor shall only be liable under this Section 2.1 for the maximum amount of such liability that can be hereby incurred without rendering its obligations under this Section 2.1 or otherwise under this Guaranty voidable under applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations of each Qualified ECP Guarantor under this Section 2.1 shall remain in full force and effect until all the Guaranteed Obligations are paid in full and the Commitments are terminated. Each Qualified ECP Guarantor intends that this Section 2.1 constitute, and this Section 2.1 shall be deemed to constitute, a “keepwell, support, or other agreement” for the benefit of each other Guarantor for all purposes of Section 1a(18)(A)(v)(II) of the Commodity Exchange Act.”
Amendment to Guaranty Agreement. Amendment to Section 3.01 of the Guaranty Agreement. Section 3.01 of the Guaranty Agreement is hereby amended by deleting everything after item (15) therein and replacing it with the following: “Notwithstanding the foregoing or any other provision of this Agreement or any other Loan Document, in no event shall the Collateral include, and no Grantor shall be deemed to have granted a security interest in, any of such Grantor’s rights or interests in or under: 4
Amendment to Guaranty Agreement. Effective on the date hereof, the Guaranty Agreement is hereby amended as follows:
(a) A proviso shall be added to the definition of “Guaranteed Obligations” immediately after the words “with respect to the FWA Guaranteed Obligations” that shall read as follows: “; provided, further, that notwithstanding any of the foregoing, if upon the occurrence of a Release Event, the Corresponding Term Loans for the Turbines that have been erected at the Stetson II Project (as defined in the FWA Promissory Note) have not been repaid in full, “Guaranteed Obligations” shall expressly include the FWA Guaranteed Obligations solely with respect to such Turbines until repayment in full of the Corresponding Term Loans for such Turbines.”
(b) The following agreements shall be deleted from Schedule 2:
(i) An Amended and Restated Guaranty and Pledge Agreement, duly executed by New York Wind III, LLC, in favor of the Collateral Agent, as amended by the Global Amendment and the Second Global Amendment;
(ii) A Pledge Agreement, duly executed by New York Wind II, LLC, in favor of the Collateral Agent, as amended by the Second Global Amendment; and
(iii) A Security Agreement, duly executed by New York Wind III, LLC, in favor of the Collateral Agent, as amended by the Second Global Amendment.
Amendment to Guaranty Agreement. All references in the ------------------------------- Guaranty Agreement to AGT shall be deemed to be and hereby are amended to be references to AGT and New AGT. Xx. Xxxxxxxxx shall deliver on or before the Effective Date an executed copy of the Amended and Restated Guaranty Agreement attached hereto as Exhibit C.
Amendment to Guaranty Agreement. The Guaranty Agreement by the Guarantor to the Bank dated April 8, 1998 (the "Guaranty Agreement") is hereby amended by deleting the amount "Three Million Dollars ($3,000,000)" appearing in the second WHEREAS clause on page one of the Guaranty Agreement and replacing such amount with "Four Million Five Hundred Thousand Dollars ($4,500,000)". Each Guarantor hereby acknowledges that all amounts advanced under the Loan Documents to date and in the future, including, without limitation, all amounts advanced under the Line of Credit, as amended, shall be Guaranteed Obligations (as such term is defined in the Guaranty Agreement).
Amendment to Guaranty Agreement. Effective on the date hereof, the Guaranty Agreement is hereby amended as follows:
(a) A new definition of “KWP II Project” shall be added in appropriate alphabetical order and shall read as follows:
Amendment to Guaranty Agreement. 1.1 Section 11.7(b) of the Guaranty Agreement is hereby deleted in its entirety and replaced with the following: