Exhibit 10.7 Merrill Lynch WCMA LOAN AND SECURITY AGREEMENT WCMA LOAN AND SECURITY AGREEMENT NO. 749-07V74 "Loan Agreement") dated as of June 19, 2001, between RENT-A-WRECK LEASING, INC., a corporation organized and existing under the laws of the...Wcma Loan and Security Agreement • November 19th, 2001 • Rent a Wreck of America Inc • Patent owners & lessors • Illinois
Exhibit 10.3 MERRILL LYNCH UNCONDITIONAL GUARANTY ============================= =================================================== FOR VALUE RECEIVED, and in order to induce MERRILL LYNCH BUSINESS FINANCIAL SERVICES INC. ("MLBFS") to advance moneys...Unconditional Guaranty • November 19th, 2001 • Rent a Wreck of America Inc • Patent owners & lessors • Illinois
This Guaranty is absolute, unconditional and continuing and shall remain in effect until all of the Obligations shall have been fully and indefeasibly paid, performed and discharged. Upon the occurrence and during the continuance of any default or Event of Default under any of the Guaranteed Documents, any or all of the indebtedness hereby guaranteed then existing shall, at the option of the MLBFS, become immediately due and payable from Guarantor (it being understood, however, that upon the occurrence of any "Bankruptcy Event", as defined in the Loan Agreement, all such indebtedness shall automatically become due and payable without action on the part of MLBFS). Notwithstanding the occurrence of any such event, this Guaranty shall continue and remain in full force and effect. To the extent MLBFS receives payment with respect to the Obligations, and all or any part of such payment is subsequently invalidated, declared to be fraudulent or preferential, set aside, required to be repaid b
1 shall be in form and substance reasonably satisfactory to MLBFS: (v) MLBFS shall have received evidence reasonably satisfactory to it as to the ownership of the Collateral and the perfection and priority of MLBFS' liens and security interests...Wcma Loan and Security Agreement • November 19th, 2001 • Rent a Wreck of America Inc • Patent owners & lessors • Illinois
