Common use of Guarantee and Security Clause in Contracts

Guarantee and Security. With effect from the Effective Date, each Obligor and GMI confirms that any security or guarantee created or given by it under the Finance Documents (including, in the case of each Obligor, under clause 25 (Guarantee and indemnity) of the Facility Agreement) will: 6.1 continue in full force and effect; and 6.2 extend to all liabilities and obligations of the Obligors arising under the Facility Agreement as amended by this Agreement.

Appears in 2 contracts

Sources: Multicurrency Facility Agreement (Gulfmark Offshore Inc), Amendment Agreement (Gulfmark Offshore Inc)

Guarantee and Security. With effect from the Effective Date, each Obligor and GMI confirms that any security or guarantee created or given by it under the Finance Documents (including, in the case of each Obligor, under clause 25 (Guarantee and indemnity) of the Facility Agreement) will: 6.1 continue in full force and effect; and 6.2 extend to all liabilities and obligations of the Obligors arising under the Facility Agreement as amended by this Agreement.

Appears in 1 contract

Sources: Multicurrency Facility Agreement (Gulfmark Offshore Inc)

Guarantee and Security. With effect from the Effective Date, each Obligor and GMI confirms that any security or guarantee created or given by it under the Finance Documents (including, in the case of each Obligor, under clause 25 (Guarantee and indemnity) of the Facility Agreement) will: 6.1 5.1 continue in full force and effect; and 6.2 5.2 extend to all liabilities and obligations of the Obligors arising under the Facility Agreement as amended by this Agreement.

Appears in 1 contract

Sources: Multicurrency Facility Agreement (Gulfmark Offshore Inc)