Offset Agreement. The New Credit Party hereby agrees to perform, for the benefit of Lender, all of the obligations of a Restricted Credit Party (as defined therein) under the Offset Agreement, as direct and primary obligations of the New Credit Party, and further agrees that it shall comply with and be fully bound by the terms of the Offset Agreement as if it had been a signatory thereto as a Credit Party as of the date thereof.
Appears in 3 contracts
Sources: Loan Agreement (Prospect Medical Holdings Inc), Loan Amendment (Prospect Medical Holdings Inc), Limited Consent, Omnibus Amendment No. 1 to the Loan Documents and Joinder Agreement (Prospect Medical Holdings Inc)