Guarantor and the Sample Clauses

Guarantor and the. Stockholders hereby authorize the Escrow Agent to keep and preserve the Certificates evidencing the shares of Guarantor and the Stockholders in its possession pending payment of the Note. If the Borrower defaults in any of Borrower's undertaking set forth in the Note, or the Additional Collateral or if the Stockholders shall be in default of this Agreement and the default as defined in the Note, the Additional Collateral and/or this Agreement shall occur and be continuing and shall remain uncured after notice and a commercially reasonable opportunity to cure, and the unpaid principal balance of the Note and accrued and unpaid interest thereon shall thereby become due and payable, or if the Guarantor shall be in default of the Guaranty, the Lender shall have the right to have all the certificates then on deposit delivered to it and the Escrow Agent shall, at the end of thirty (30) days after receipt of written demand from the Lender, and evidence that notice of making such written demand shall have been given to Guarantor and Stockholders, deliver to the Lender the certificates evidencing common shares of Borrower then held by the Escrow Agent. Notwithstanding the foregoing, Stockholders may exchange pledge shares hereunder, for shares to be issued to Stockholders in RASCALS ENTERPRISES, INC., a Delaware Corporation, without further approval by the Lender.