Joinder to Guaranty. (a) The New Guarantor hereby acknowledges that it has received and reviewed a copy of the Credit Agreement, the Guaranty and each of the other Loan Documents. The Guarantor hereby agrees to become a Guarantor in respect of the Obligations as set forth in the Guaranty and, by executing and delivering this Joinder Agreement, does hereby join and become a party to the Guaranty as a Guarantor, assuming all of the obligations and liabilities of a Guarantor thereunder. The New Guarantor agrees to comply with, and be bound by, all of the terms and conditions of the Guaranty in all respects as an original Guarantor thereunder, as if the New Guarantor was an original signatory thereto and the New Guarantor assumes all obligations and liabilities arising or incurred under the Guaranty. Without limiting the generality of the foregoing terms of this §1(a), the New Guarantor hereby guarantees, jointly and severally together with the other Guarantors, the prompt payment of the Obligations in accordance with Section 2 of the Guaranty.
Appears in 3 contracts
Samples: Revolving Credit Agreement (CAI International, Inc.), Revolving Credit Agreement (CAI International, Inc.), Revolving Credit Agreement (CAI International, Inc.)
Joinder to Guaranty. (a) The New Guarantor hereby acknowledges that it has received guarantees the full and reviewed a copy punctual payment when due (whether at stated maturity, by required prepayment, by acceleration or otherwise), as well as the performance, of the Credit Agreement, the Guaranty and each of the other Loan Documents. The Guarantor hereby agrees to become a Guarantor in respect all of the Obligations as set forth (subject to the limitations contained in the Guaranty Guaranty) and, by executing and delivering this Joinder Agreement, does hereby join and become a party to the Guaranty as a “Guarantor” (as defined in the Guaranty) thereunder, assuming all of the obligations and liabilities of a Guarantor “Guarantor” (as defined in the Guaranty) thereunder, including without limitation, guaranteeing all Obligations arising or incurred after the Closing Date. The New Guarantor hereby agrees to comply with, and be bound by, all of the terms and conditions of the Guaranty in all respects as an original Guarantor “Guarantor” (as defined in the Guaranty) thereunder, as if the such New Guarantor was were an original signatory thereto and the New Guarantor assumes all obligations and liabilities arising or incurred under the Guaranty. Without limiting the generality of the foregoing terms of this §1(a), the New Guarantor hereby guarantees, jointly and severally together with the other Guarantors, the prompt payment of the Obligations in accordance with Section 2 of the Guarantythereto.
Appears in 1 contract
Samples: Credit Agreement (Staples Inc)