Retention of this Guarantee. Any discharge, releases or reassignment by the Owner of any of the security constituted by, or any of the obligation of the Charterer contained in, any of the Transaction Documents shall be (and be deemed always to have been) void if any act (including, without limitation, any payment) as a result of which such discharge, release or reassignment was given or made is subsequently wholly or partially rescinded or avoided by operation by any law. GUARANTEE PERIOD This Guarantee shall remain in full force and effect as a continuing guarantee for the duration of the Guarantee Period.
Appears in 2 contracts
Sources: Guarantee (Top Ships Inc.), Guarantee (Top Ships Inc.)