Common use of Guarantee Limits Clause in Contracts

Guarantee Limits. Guarantor's obligations under Section 2(a) ---------------- hereof in the aggregate shall be limited to the amounts shown below with respect to sums as payable by SELLER to HELCO pursuant to the Agreement as the result of events or circumstances during the period shown opposite such amounts: Period Amount* ------ ------ Until PUC Approval $ -0- From PUC Approval through Closing Date $ 100,000 From the Closing Date through the Phase 2 $ 500,000 In-Service Date From Phase 2 In-Service Date to end of Term $1,500,000 *Guarantor's obligations in any given period shall be reduced by any amounts paid by Guarantor with respect to such obligations in all preceding periods.

Guarantee Limits. Guarantor's obligations under Section 2(a) ---------------- hereof in ---------------- the aggregate shall be limited to the amounts shown below with respect to sums as payable by SELLER to HELCO pursuant to the Agreement as the result of events or circumstances during the period shown opposite such amounts: Period AmountAmount * ------ ------ Until PUC Approval $ -0- From PUC Approval through Closing Date $ $100,000 From the Closing Date through the Phase 2 $ $500,000 In-Service Date From Phase 2 In-Service Date to end of Term $1,500,000 *Guarantor's obligations in any given period shall be reduced by any amounts paid by Guarantor with respect to such obligations in all preceding periods.