Common use of Retention of this Guarantee Clause in Contracts

Retention of this Guarantee. The Security Trustee shall be entitled to retain this Guarantee after as well as before the payment, discharge or satisfaction of all the Guaranteed Liabilities for such period of up to 12 months as the Security Trustee may determine.

Appears in 2 contracts

Sources: Corporate Guarantee, Corporate Guarantee (Pyxis Tankers Inc.)