Common use of Joinder and Assumption Clause in Contracts

Joinder and Assumption. The Additional Borrowers hereby join in and assume all of the Obligations jointly and severally with the Existing Borrowers, and the Additional Borrowers hereby covenant, promise and agree jointly and severally with the Existing Borrowers, (a) to pay to the Administrative Agent for the account of the Lenders, the principal of and interest on the Note, and all other sums payable thereunder, at the times, in the manner, and in all respects as therein provided; (b) to perform and comply with all of the terms, covenants, agreements and obligations to be performed by the Existing Borrowers under the Note, the Credit Agreement, and all other Loan Documents at the times, in the manner, and in all respects as therein provided; and (c) to be bound by each and all of the terms, covenants, agreements and obligations of the Note, the Credit Agreement, and all other Loan Documents as though said docu­ments had originally been made, executed, and delivered by the Original Borrowers and the Additional Borrowers.

Appears in 2 contracts

Samples: Joinder, Assumption, Ratification and Modification Agreement (Tessco Technologies Inc), Joinder, Assumption, Ratification and Modification Agreement (Tessco Technologies Inc)

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Joinder and Assumption. The Additional Borrowers Borrower hereby join joins in and assume assumes all of the Obligations Obligations, jointly and severally with the Existing Original Borrowers, and the Additional Borrowers Borrower hereby covenantcovenants, promise promises and agree agrees, jointly and severally with the Existing Original Borrowers, : (a) to pay to the Administrative Agent for the account of the Lenders, Lender the principal of and interest on the NoteNotes, and all other sums payable thereunder, at the times, in the manner, and in all respects as therein provided; (b) to perform and comply with all of the terms, covenants, agreements and obligations to be performed by the Existing Original Borrowers under the NoteNotes, the Credit Agreement, and all other Loan Financing Documents at the times, in the manner, and in all respects as therein provided; and (c) to be bound by each and all of the terms, covenants, agreements and obligations of the NoteNotes, the Credit Agreement, and all other Loan Financing Documents as though said docu­ments documents had originally been made, executed, and delivered by the Original Borrowers and the Additional BorrowersBorrower specifically including, without limitation, the pledge and assignment of a security interest in the Collateral as set forth in Section 1.5(e) of the Credit Agreement; and (d) to execute such further documents and agreements as the Lender may require to protect or perfect its interest in any collateral securing the Credit Facility.

Appears in 1 contract

Samples: Credit and Security Agreement (Keyw Holding Corp)

Joinder and Assumption. The Additional Borrowers Borrower hereby join joins in and assume assumes all of the Obligations jointly and severally with the Existing Borrowers, and the Additional Borrowers Borrower hereby covenantcovenants, promise promises and agree agrees jointly and severally with the Existing Borrowers, (a) to pay to the Administrative Agent for the account of the Lenders, the principal of and interest on the Note, and all other sums payable thereunder, at the times, in the manner, and in all respects as therein provided; (b) to perform and comply with all of the terms, covenants, agreements and obligations to be performed by the Existing Borrowers under the Note, the Credit Agreement, and all other Loan Documents at the times, in the manner, and in all respects as therein provided; and (c) to be bound by each and all of the terms, covenants, agreements and obligations of the Note, the Credit Agreement, and all other Loan Documents as though said docu­ments documents had originally been made, executed, and delivered by the Original Existing Borrowers and the Additional BorrowersBorrower.

Appears in 1 contract

Samples: Joinder, Assumption and Third Modification Agreement (Tessco Technologies Inc)

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Joinder and Assumption. The Additional Borrowers Borrower hereby join joins in and assume assumes all of the Obligations jointly and severally with the Existing Borrowers, and the Additional Borrowers Borrower hereby covenantcovenants, promise promises and agree agrees jointly and severally with the Existing Borrowers, (a) to pay to the Administrative Agent for the account of the Lenders, the principal of and interest on the Note, and all other sums payable thereunder, at the times, in the manner, and in all respects as therein provided; (b) to perform and comply with all of the terms, covenants, agreements and obligations to be performed by the Existing Borrowers under the Note, the Credit Agreement, and all other Loan Documents at the times, in the manner, and in all respects as therein provided; and (c) to be bound by each and all of the terms, covenants, agreements and obligations of the Note, the Credit Agreement, and all other Loan Documents as though said docu­ments documents had originally been made, executed, and delivered by the Original Existing Borrowers and the Additional BorrowersBorrower.

Appears in 1 contract

Samples: Joinder, Assumption, and Fifth Modification Agreement (Tessco Technologies Inc)

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