Modification of Guaranty Clause Samples
The "Modification of Guaranty" clause defines the conditions under which the terms of a guaranty agreement may be changed or amended. Typically, this clause specifies that any modifications must be made in writing and agreed upon by all relevant parties, such as the guarantor and the beneficiary. For example, if the parties wish to extend the duration of the guaranty or alter the guaranteed obligations, they must follow the procedures outlined in this clause. Its core practical function is to ensure that all parties are aware of and consent to any changes, thereby preventing unauthorized or informal alterations and maintaining the integrity of the original agreement.
Modification of Guaranty. The Guaranty is amended as specified in Exhibit D-4.
Modification of Guaranty. No modification, amendment or waiver of any provision of, or any consent required by, this Guaranty, nor any consent to any departure by Guarantor therefor, shall in any event be effective unless the same shall be in writing and signed by Guarantor and PCJL.
Modification of Guaranty. This Guaranty shall not be amended, supplemented or otherwise modified without the written consent of the Agent and the Majority Banks and the Guarantor. Except as otherwise provided in the Credit Agreement, this Guaranty shall not be released or terminated as to the Guarantor without the written consent of all Banks.
Modification of Guaranty. This Guaranty shall not be amended, supplemented or otherwise modified without the written consent of the Agent and the Required Lenders and the Guarantors.
Modification of Guaranty. This Guaranty may not be changed orally and no obligation of Guarantor can be released or waived by Owner except by a writing signed by the Owner. This Guaranty shall be irrevocable by Guarantor until all Guaranteed Obligations have been completely satisfied. This Guaranty shall be reinstated if any payment received Owner from Guarantor is returned or rescinded due to any law relating to bankruptcy, insolvency or other relief of debtors or for any other reason.
Modification of Guaranty. The Guaranty is hereby modified and amended as follows:
Modification of Guaranty. This Guaranty constitutes the full and complete agreement between the parties hereto, and it is understood and agreed that the provisions hereof may only be modified by a writing executed by both parties hereto.
Modification of Guaranty. The Guaranty is hereby modified and amended as follows:
4.1 The terms “Note” and “Loan Documents” as such terms may be used in the Guaranty shall mean the Note and the Loan Documents, as modified and amended hereby.
Modification of Guaranty. The Guaranty is hereby modified as of the Effective Date as follows:
(a) The following defined terms are hereby added, in alphabetical order, to Section 1 of the Guaranty, as follows:
Modification of Guaranty. Amend, modify or extend the Guaranty or increase the Guaranteed Indebtedness; or