Specific amendments to Corporate Guarantee Sample Clauses

The 'Specific amendments to Corporate Guarantee' clause outlines particular changes or modifications to the terms of an existing corporate guarantee agreement. This may involve altering the scope of the guarantee, adjusting the obligations of the guarantor, or updating terms such as duration or liability limits. For example, the clause might specify that the guarantee now covers additional subsidiaries or changes the maximum guaranteed amount. Its core practical function is to formally document and authorize agreed-upon changes, ensuring that all parties are clear on the revised terms and reducing the risk of future disputes over the guarantee's scope or application.
Specific amendments to Corporate Guarantee. With effect on and from the First Effective Date, the Corporate Guarantee shall be, and shall be deemed by this Agreement to be, amended as follows: (a) the following definition shall be included in clause 1.2 of the Corporate Guarantee in the requisite alphabetical order:
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Specific amendments to Corporate Guarantee. With effect on and from the Effective Date, the Corporate Guarantee shall be, and shall be deemed by this Agreement to have been amended as follows: (a) by deleting the definition of "EBITDA" in clause 1.2 thereof in its entirety and replacing it with the following new definition:
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Specific amendments to Corporate Guarantee. With effect on and from the Effective Date, the Corporate Guarantee shall be, and shall be deemed by this Agreement to have been amended as follows: (a) by deleting the sub-paragraph (a) in clause 11.15 thereof in its entirety and replacing it with the following sub-paragraph: (a) the Leverage Ratio shall not exceed: 4 (i) at any time during the period commencing on 1 January 2019 and ending on 31 March 2020 (inclusive), 85 per cent.; and (ii) from 1 April 2020 and at all times thereafter during the Security Period, 75 per cent.;"; (b) by deleting the sub-paragraph (b) in clause 11.15 thereof in its entirety and replacing it with the following sub-paragraph: (b) the ratio of EBITDA to interest payments (less any earned interest) (in respect of the immediately prior twelve-month period ending on the last day of the relevant Accounting Period ) shall not be less than: (i) at any time during the period commencing on 31 December 2018 and ending on 31 March 2020 (inclusive), 1:1; and (ii) from 1 April 2020 and at all times thereafter during the Security Period, 2:1;"; (c) the definition of, and references throughout each of the Finance Documents to, the Corporate Guarantee shall be construed as if the same referred to the Corporate Guarantee as amended and/or supplemented by this Agreement; and (d) by construing references throughout the Corporate Guarantee to "this Guarantee", as if the same referred to the Corporate Guarantee as amended and/or supplemented by this Agreement.
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Related to Specific amendments to Corporate Guarantee

  • Amendments to Loan Agreement 2.1 Section 2.1.1 (

  • Amendments to Original Agreement The Original Agreement is hereby amended as follows: (a) Article 1 is hereby amended to add the following definitions are added in the correct alphabetical location:

  • Amendments to Security Agreement (a) Section 1 of the Security Agreement is hereby amended by adding the following definitions in the appropriate alphabetical order to such Section:

  • AMENDMENTS TO APPLICATION AND AGREEMENT; WAIVERS A. This Agreement may not be modified or amended except by an instrument or instruments in writing signed by all of the Parties and after completing the requirements of Section

  • Modifications; Amendments; Waivers The terms and provisions of this Agreement may not be modified or amended, nor may any provision be waived, except pursuant to a writing signed by the Corporation and the holders of at least a majority of the Registrable Shares then outstanding.