Common use of GUARANTOR’S LIABILITY Clause in Contracts

GUARANTOR’S LIABILITY. A Guarantor’s liability to the Finance Parties under this Clause 18 shall not be discharged, impaired or otherwise affected by reason of any of the following events or circumstances (regardless of whether any such events or circumstances occur with or without such Guarantor’s knowledge or consent): any time, waiver, consent, forbearance or other indulgence given or agreed by the Finance Parties with any Obligor in respect of any of the Obligor’s obligations under the Finance Documents; any defence, legal limitation, disability or incapacity of any Obligor related to the Finance Documents; any amendments to or variations of the Finance Documents agreed by the Finance Parties with any Obligor; the liquidation, bankruptcy or dissolution (or proceedings analogous thereto) of any Obligor; or any other circumstance which might otherwise constitute a defence available to, or discharge of, a Guarantor. Each Guarantor specifically waives all rights under the provisions of the Norwegian Financial Agreements Act 1999 (as amended) not being mandatory provisions, including (but not limited to) the following provisions (the main contents of the relevant provisions being as indicated in the brackets):

GUARANTOR’S LIABILITY. A Guarantor’s liability to the Finance Parties under this Clause 18 shall not be discharged, impaired or otherwise affected by reason of any of the following events or circumstances (regardless of whether any such events or circumstances occur with or without such Guarantor’s knowledge or consent): any time, waiver, consent, forbearance or other indulgence given or agreed by the Finance Parties with any Obligor in respect of any of the Obligor’s obligations under the Finance Documents; or any defence, legal limitation, disability or incapacity of any Obligor related to the Finance Documents; or any amendments to or variations of the Finance Documents agreed by the Finance Parties with any Obligor; or the liquidation, bankruptcy or dissolution (or proceedings analogous thereto) of any Obligor; or any other circumstance which might otherwise constitute a defence available to, or discharge of, a Guarantor. Each Guarantor specifically waives all rights under the provisions of the Norwegian Financial Agreements Act 1999 (as amended) not being mandatory provisions, including (but not limited to) the following provisions (the main contents of the relevant provisions being as indicated in the brackets):