Additional Guaranty and Security Sample Clauses
Additional Guaranty and Security the obtaining of any guaranty or surety agreement (in addition to this Guarantee), the obtaining of any collateral or security for the payment and performance of any of the Borrower’s Obligations and Liabilities, the release of any surety or guarantor, or the release of any collateral or security,
Additional Guaranty and Security. The New Guarantor hereby joins the Loan Agreement as a Guarantor hereunder and agrees to the provisions of the Loan Agreement, including, without limitation, the Collateral grant in Section 4 and the Guarantee provisions of Section 15. Each of USDS and VECL hereby joins the Loan Agreement as a Loan Party and Guarantor hereunder solely for purposes of Sections 4 and 15. Without limiting the foregoing, the New Guarantor, USDS and VECL hereby guaranties the payment when due of all of the Obligations and assigns, pledges and grants to Agent, for the ratable benefit of Agent, each Issuer, each Lender and Bank Product Provider, a continuing security interest in and to all of its Collateral, whether now owned or existing or hereafter acquired or arising and wheresoever located, to secure the prompt payment and performance of the Obligations to Agent, each Issuer, each Lender and Bank Product Provider.