Common use of DESCRIPTION OF COLLATERAL AND GUARANTIES Clause in Contracts

DESCRIPTION OF COLLATERAL AND GUARANTIES. Repayment of the obligations is secured by the Collateral as described in the Loan Agreement and is guaranteed by HubLink, Inc. ("Guarantor") a subsidiary of Borrower. The obligations are also secured by all the assets of Guarantor pursuant to a Security Agreement dated August 3, 1998 between Guarantor and Bank, a pledge of the stock of Guarantor pursuant to a Stock Pledge Agreement dated August 3, 1998 between Borrower and Bank, and certain Intellectual Property Security Agreements by and between Borrower and the Bank and by and between Guarantor and the Bank (the "IP Security Agreements"), filed with the U.S. Patent and Trademark Office. Hereinafter, the above-described security documents, together with all other documents securing repayment of the Note shall be referred to as the "Security Documents". Hereinafter, the Loan Agreement, the Security Documents, together with all other documents evidencing or securing the Committed Revolving Line, shall be referred to as the "Existing Loan Documents".

DESCRIPTION OF COLLATERAL AND GUARANTIES. Repayment of the obligations is secured by the Collateral as described in the Loan Agreement and is guaranteed by HubLink, Inc. ("Guarantor") a subsidiary of Borrower. The obligations are also secured by all the assets of Guarantor pursuant to a Security Agreement dated August 3, 1998 between Guarantor and Bank, Bank and a pledge of the stock of Guarantor pursuant to a Stock Pledge Agreement dated August 3, 1998 between Borrower and Bank. By execution hereof, and Borrower hereby consents to the filing of those certain Intellectual Property Security Agreements Agreement by and between Borrower and the Bank and by and between Guarantor and the Bank (the "IP Security Agreements"), filed ) with the U.S. Patent and Trademark Office. Hereinafter, the above-described security documents, together with all other documents securing repayment of the Note shall be referred to as the "Security Documents". Hereinafter, the Loan Agreement, the Security Documents, together with all other documents evidencing or securing the Committed Revolving Line, shall be referred to as the "Existing Loan Documents".