Common use of Amendments to the Guarantee Clause in Contracts

Amendments to the Guarantee. 7.1 For the purposes of this Guarantee, no amendments either verbal or in writing to the OMDA or the SSA which have an impact on or affect the Transfer Payment, as referred to in this Guarantee, shall be made unless such amendments have been executed with the prior written approval of the Guarantor. Any other amendments may be made without the consent of the Guarantor but with prior notice in writing to the Guarantor by the JVC. Any failure to obtain such approval where required, or to give such notice, will result in the amendment being void insofar as it relates to the Guarantor.

Appears in 2 contracts

Sources: State Support Agreement, State Support Agreement