Corporate Guaranty. Simultaneously with this Amendment, the Borrower shall cause PEN Inc., a Delaware corporation, to execute and deliver a Corporate Guaranty to Lender constituting its unconditional, unlimited guaranty of the Obligations, in form and substance satisfactory to the Lender (the “Corporate Guaranty”). In connection therewith, the following amendments shall be made to the Loan Agreement: (a) The definition of “Guarantor” in Section 1(o) of the Loan Agreement shall be amended and restated to read as follows:
Appears in 2 contracts
Sources: Loan and Security Agreement (Pen Inc.), Loan and Security Agreement (Pen Inc.)