Common use of Relation of Prior Credit Grant with this Agreement Clause in Contracts

Relation of Prior Credit Grant with this Agreement. Unless otherwise agreed by the parties, if there has been an existing credit grant agreement entered into by and between Client and Creditor, any unrepaid balance under such agreement shall be automatically integrated into this Agreement and directly account for the credit line under this Agreement. Client undertakes to obtain confirmation from Guarantor of debt under the originally existing agreement to continue security for the debt under this Agreement.

Appears in 4 contracts

Samples: Financing Credit Line Agreement (Neophotonics Corp), Financing Credit Line Agreement (Neophotonics Corp), Agreement (Neophotonics Corp)

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