Common use of Guarantee and Security Clause in Contracts

Guarantee and Security. With effect from the Effective Date, each Obligor confirms that any security or guarantee created or given by it under the Finance Documents (including under clause 19 (Guarantee and indemnity) of the Facility Agreement) will: (a) continue in full force and effect; and (b) extend to all liabilities and obligations of the Obligors arising under the Facility Agreement as amended by this Agreement.

Appears in 1 contract

Sources: Amendment Agreement (Gulfmark Offshore Inc)

Guarantee and Security. With effect from the Effective Date, each Obligor confirms that any security or guarantee created or given by it under the Finance Documents (including under clause 19 21 (Guarantee and indemnity) of the Facility Agreement) will: (a) continue in full force and effect; and (b) extend to all liabilities and obligations of the Obligors arising under the Facility Agreement as amended by this Agreement.

Appears in 1 contract

Sources: Amendment Agreement (Gulfmark Offshore Inc)