Common use of Guaranty and Guarantor’s Security Agreement Clause in Contracts

Guaranty and Guarantor’s Security Agreement. (a) Guarantor hereby agrees and acknowledges that payment in full of all Reimbursement Obligations, all interest accrued thereon and all other amounts from time to time payable by MSMI hereunder, and the performance by MSMI of all its obligations and covenants hereunder, are subject to, and guaranteed by Guarantor pursuant to, the Guaranty dated June 28, 2006 by and between Guarantor and the Fund. (b) Guarantor hereby agrees and acknowledges that Guarantor’s guaranty of payment of all Reimbursement Obligations, all interest accrued thereon and all other amounts from time to time payable by MSMI hereunder, and the performance by MSMI of all its obligations and covenants hereunder, are subject to, and secured pursuant to, the Security Agreement dated June 28, 2006, by and between Guarantor and the Fund.

Appears in 4 contracts

Samples: Guarantee Fee, Reimbursement and Indemnification Agreement, Guarantee Fee, Reimbursement and Indemnification Agreement (Vicis Capital, LLC), Guarantee Fee, Reimbursement and Indemnification Agreement (Medical Solutions Management Inc.)

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