Common use of Guaranty and Collateral Agreement Clause in Contracts

Guaranty and Collateral Agreement. By executing and delivering this Assumption Agreement, the Additional Obligor, as provided in Section 9.13 of the Guaranty and Collateral Agreement, hereby becomes a party to the Guaranty and Collateral Agreement as an Obligor thereunder with the same force and effect as if originally named therein as an Obligor and, without limiting the generality of the foregoing, hereby expressly assumes all obligations and liabilities of an Obligor thereunder and if such Additional Obligor is a Borrower, expressly grants to the Administrative Agent for the benefit of the Guaranteed Creditors, a security interest in all Collateral owned by such Additional Obligor to secure all of such Additional Obligor’s obligations and liabilities thereunder. The information set forth herein is hereby added to the information set forth in Schedules 1 through 4 to the Guaranty and Collateral Agreement. The Additional Obligor hereby represents and warrants that each of the representations and warranties contained in Article IV of the Guaranty and Collateral Agreement is true and correct on and as the date hereof (after giving effect to this Assumption Agreement) as if made on and as of such date.

Appears in 1 contract

Samples: Assumption Agreement (Hornbeck Offshore Services Inc /La)

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Guaranty and Collateral Agreement. By executing and delivering this Assumption Agreement, the Additional Obligor, as provided in Section 9.13 of the Guaranty and Collateral Agreement, hereby becomes a party to the Guaranty and Collateral Agreement as an Obligor thereunder with the same force and effect as if originally named therein as an Obligor and, without limiting the generality of the foregoing, hereby expressly assumes all obligations and liabilities of an Obligor thereunder and if such Additional Obligor is a Borrower, expressly grants to the Administrative Agent Agent, for the benefit of the Guaranteed Creditors, a security interest in all Collateral owned by such Additional Obligor to secure all of such Additional Obligor’s obligations and liabilities thereunder. The information set forth herein in Annex 1-A hereto is hereby added to the information set forth in Schedules 1 through 4 to the Guaranty and Collateral Agreement. The Additional Obligor hereby represents and warrants that each of the representations and warranties contained in Article IV of the Guaranty and Collateral Agreement is true and correct on and as the date hereof (after giving effect to this Assumption Agreement) as if made on and as of such date.

Appears in 1 contract

Samples: Collateral Agreement (Aurora Oil & Gas CORP)

Guaranty and Collateral Agreement. By executing and delivering this Assumption Agreement, the Additional ObligorGrantor, as provided in Section 9.13 8.15 of the Guaranty and Collateral Agreement, hereby becomes a party to the Guaranty and Collateral Agreement as an Obligor a Grantor thereunder with the same force and effect as if originally named therein as an Obligor a Grantor and, without limiting the generality of the foregoing, hereby expressly assumes all obligations and liabilities of an Obligor thereunder a Grantor thereunder, shall be a Guarantor under Section 2 of the Guaranty and if such Additional Obligor is a BorrowerCollateral Agreement, expressly and grants to the Administrative Agent for the benefit of the Guaranteed Creditors, a security interest in all its Collateral owned by such Additional Obligor pursuant to secure all Section 3 of such Additional Obligor’s obligations the Guaranty and liabilities thereunderCollateral Agreement. The information set forth herein in Annex 1-A hereto is hereby added to the information set forth in the Schedules 1 through 4 to the Guaranty and Collateral Agreement. The Additional Obligor Grantor hereby represents and warrants that each of the representations and warranties contained in Article IV Section 4 of the Guaranty and Collateral Agreement is true and correct on and as the date hereof (after giving effect to this Assumption Agreement) as if made on and as of such date.

Appears in 1 contract

Samples: Guaranty and Collateral Agreement (Furmanite Corp)

Guaranty and Collateral Agreement. By executing and delivering this Assumption Agreement, the Additional ObligorGrantor, as provided in Section 9.13 10.13 of the Guaranty and Collateral Agreement, hereby becomes a party to the Guaranty and Collateral Agreement as an Obligor a Grantor thereunder with the same force and effect as if originally named therein as an Obligor a Grantor and, without limiting the generality of the foregoing, hereby expressly assumes all obligations and liabilities of an Obligor a Grantor thereunder and if such Additional Obligor is a Borrower, expressly grants to the Administrative Agent Agent, for the benefit of the Guaranteed CreditorsSecured Parties (as defined in the Guaranty and Collateral Agreement), a security interest in all Collateral owned by such Additional Obligor Grantor to secure all of such Additional ObligorGrantor’s obligations and liabilities thereunder. The information set forth herein in Annex 1-A hereto is hereby added to the information set forth in Schedules 1 through 4 5 to the Guaranty and Collateral Agreement. The Additional Obligor Grantor hereby represents and warrants that each of the representations and warranties contained in Article IV V of the Guaranty and Collateral Agreement is true and correct on and as the date hereof (after giving effect to this Assumption Agreement) as if made on and as of such date.

Appears in 1 contract

Samples: Guaranty and Collateral Agreement (Starboard Resources, Inc.)

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Guaranty and Collateral Agreement. By executing and delivering this Assumption Agreement, the Additional Obligor, as provided in Section 9.13 of the Guaranty and Collateral Agreement, hereby becomes a party to the Guaranty and Collateral Agreement as an Obligor thereunder with the same force and effect as if originally named therein as an Obligor and, without limiting the generality of the foregoing, hereby expressly assumes all obligations and liabilities of an Obligor thereunder and if such Additional Obligor is a Borrower, expressly grants to the Administrative Agent Agent, for the benefit of the Guaranteed Creditors, a security interest in all Collateral owned by such Additional Obligor to secure all of such Additional Obligor’s 's obligations and liabilities thereunder. The information set forth herein in Annex 1-A hereto is hereby added to the information set forth in Schedules 1 through 4 to the Guaranty and Collateral Agreement. The Additional Obligor hereby represents and warrants that each of the representations and warranties contained in Article ARTICLE IV of the Guaranty and Collateral Agreement is true and correct on and as the date hereof (after giving effect to this Assumption Agreement) as if made on and as of such date.

Appears in 1 contract

Samples: Guaranty and Collateral Agreement (Global Geophysical Services Inc)

Guaranty and Collateral Agreement. By executing and delivering this Assumption Agreement, the Additional Obligor, as provided in Section 9.13 of the Guaranty and Collateral Agreement, hereby becomes a party to the Guaranty and Collateral Agreement as an Obligor thereunder with the same force and effect as if originally named therein as an Obligor and, without limiting the generality of the foregoing, hereby expressly assumes all obligations and liabilities of an Obligor thereunder [and if such Additional Obligor is a Borrower, expressly grants to the Administrative Agent for the benefit of the Guaranteed Creditors, a security interest in all Collateral owned by such Additional Obligor to secure all of such Additional Obligor’s obligations and liabilities thereunder]. The information set forth herein in Annex 1-A hereto is hereby added to the information set forth in Schedules 1 through 4 to the Guaranty and Collateral Agreement. The Additional Obligor hereby represents and warrants that each of the representations and warranties contained in Article IV of the Guaranty and Collateral Agreement is true and correct on and as the date hereof (after giving effect to this Assumption Agreement) as if made on and as of such date.

Appears in 1 contract

Samples: Guaranty and Collateral Agreement (Hornbeck Offshore Services Inc /La)

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