Common use of Retention of this Guarantee Clause in Contracts

Retention of this Guarantee. The Mortgagees shall be entitled to retain this Guarantee after as well as before the payment or discharge of all the Guaranteed Liabilities for such period as the Agent (acting on the instructions of the Majority Banks) may determine.

Appears in 2 contracts

Sources: Loan Agreement (Aegean Marine Petroleum Network Inc.), Third Supplemental Agreement (Aegean Marine Petroleum Network Inc.)