Assumption of Loan. Should the Guarantors be required to make payment to the Bank pursuant to the Guarantee, the Companies hereby consent to the assumption of the Loan by the Guarantors, including all collateral rights. The Companies will use their best efforts to facilitate such assumption.
Appears in 2 contracts
Samples: Reimbursement Agreement (Teraforce Technology Corp), Reimbursement Agreement (Teraforce Technology Corp)
Assumption of Loan. Should the Guarantors be required to make payment to the Bank pursuant to the Guarantee, the Companies hereby consent to the assumption of the January Loan by Agreement the Guarantors, including all collateral rights. The Companies will use their best efforts to facilitate such assumption.
Appears in 1 contract
Samples: Reimbursement Agreement (Teraforce Technology Corp)
Assumption of Loan. Should the Guarantors be required to make payment to the Bank pursuant to the GuaranteeGuaranty, the Companies hereby consent to the assumption of the Encore Loan by the Guarantors, including all collateral rights. The Companies will use their best efforts to facilitate such assumption.
Appears in 1 contract
Samples: Reimbursement Agreement (Teraforce Technology Corp)
Assumption of Loan. Should the Guarantors be required to make payment to the Bank pursuant to the Guarantee, the Companies hereby consent to the assumption of the October Loan by Agreement the Guarantors, including all collateral rights. The Companies will use their best efforts to facilitate such assumption.
Appears in 1 contract
Samples: Reimbursement Agreement (Teraforce Technology Corp)