Novations. Pledgor shall use its best efforts to seek novations of all of the Obligations such that Pledgor is the obligor of record with respect to all of the Obligations. Notwithstanding anything herein or in the Merger Agreement to the contrary and for the avoidance of doubt, upon and following the Assignment, Pledgor shall be the primary obligor with respect to all of the Obligations.
Appears in 2 contracts
Samples: Assumption of Obligations and Pledge Agreement (Genius Products Inc), Assumption of Obligations and Pledge Agreement (American Vantage Companies)
Novations. Pledgor shall use its best efforts to seek novations of all of the Obligations such that Pledgor is the obligor of record with respect to all of the Obligations. Notwithstanding anything herein or in the Merger Agreement to the contrary and for the avoidance of doubt, upon and following the AssignmentAssignment of Obligations, Pledgor shall be the primary obligor with respect to all of the Obligations.
Appears in 2 contracts
Samples: Assignment, Assumption and Pledge Agreement (American Vantage Companies), Assignment, Assumption and Pledge Agreement (Genius Products Inc)
