Common Contracts
2 similar Joint and Several Guarantee contracts by Pure Play Media Holdings, Inc.
JOINT AND SEVERAL CONTINUING GUARANTEE AND POSTPONEMENT OF CLAIMJoint and Several Guarantee • July 28th, 2006 • Pure Play Media Holdings, Inc. • Ontario
FOR VALUABLE CONSIDERATION, the receipt and sufficiency of which is acknowledged, the undersigned Richard Arnold and Susan Arnold, each an individual resident in the Town of Oakville, in the Province of Ontario (collectively the "Guarantors"), hereby covenant and agree with and hereby jointly and severally, absolutely and unconditionally guarantee payment forthwith after demand as hereinafter provided, of one third of the outstanding principal amount owing by Pure Play Media, Inc. (the "Debtor") to Doral EZ Investments Inc. (the "Secured Party") pursuant to the Loan Agreement dated as of March 14, 2003 (the "Loan Agreement") plus interest as hereinafter provided, together with all costs, expenses and solicitor's fees in connection with any default by the Debtor or the Guarantors in making payment to the Secured Party. THE GUARANTORS FURTHER JOINTLY AND SEVERALLY COVENANT AND AGREE THAT: 1. Continuing Guarantee This shall be a contract of continuing guarantee intended to cover
JOINT AND SEVERAL CONTINUING GUARANTEE AND POSTPONEMENT OF CLAIMJoint and Several Guarantee • July 28th, 2006 • Pure Play Media Holdings, Inc. • Ontario
FOR VALUABLE CONSIDERATION, the receipt and sufficiency of which is acknowledged, the undersigned Richard Arnold and Susan Arnold, each an individual resident in the Town of Oakville, in the Province of Ontario (collectively the "Guarantors"), hereby covenant and agree with and hereby jointly and severally, absolutely and unconditionally guarantee payment forthwith after demand as hereinafter provided, of one third of the oustanding principal amount owing by Pure Play Media, Inc. (the "Debtor") to Doral EZ Investments Inc. (the "Secured Party") pursuant to the Loan Agreement dated September 19, 2002 (the "Loan Agreement") plus interest as hereinafter provided, together with all costs, expenses and solicitor's fees in connection with any default by the Debtor or the Guarantors in making payment to the Secured Party.
