Cross-Corporate Continuing Guaranty and Security Agreement Sample Contracts

Cross-Corporate Continuing Guaranty and Security Agreement

Cross-Corporate Continuing Guaranty and Security Agreement • July 23rd, 2013 • Selway Capital Acquisition Corp. • Retail-drug stores and proprietary stores • California

• Contract Type
  Cross-Corporate Continuing Guaranty and Security Agreement
• Filed
  July 23rd, 2013
• Company
  Selway Capital Acquisition Corp.
• Industry
  Retail-drug stores and proprietary stores
• Jurisdiction
  California

This Cross-Corporate Continuing Guaranty and Security Agreement (“Guaranty”) is executed by the above-named Guarantors as guarantors of the Obligations of Selway Capital Acquisition Corporation (“Borrower”) and each other Obligor under that certain Loan and Security Agreement (as defined below), and of each other Guarantor’s obligations under this Guaranty (except for a guarantor in respect of itself), and any other persons now or hereafter signatory as a guarantor to this Guaranty by execution of a counterpart hereof or by an instrument of joinder and accession hereto (individually, jointly and severally a “Guarantor” and, collectively with all other Guarantors, “Guarantor”), as of the above date, in favor of PARTNERS FOR GROWTH III, L.P. (“PFG”), whose address is 150 Pacific Avenue, San Francisco, CA 94111, with respect to the Indebtedness (as defined herein) of Borrower. Capitalized terms not defined herein have the meaning set forth in the Loan Agreement (as defined below).