Common use of Collateral Security and Guaranties Clause in Contracts

Collateral Security and Guaranties. Payment of the Revolving Note and performance of the Borrower's obligations as set forth in this Extension and in the Agreement shall continue to be secured by the Security Agreement, Deed of Trust and Assignment. The Guarantors also reaffirm their guaranties of the Revolving Note and acknowledge and agree that their guaranties apply to the Revolving Note as extended and all other obligations of the Borrower to the Bank.

Collateral Security and Guaranties. Payment of the Revolving Note and performance of the Borrower's obligations as set forth in this Third Extension and in the Agreement shall continue to be secured by the Security Agreement, Deed of Trust and Assignment. The Guarantors also reaffirm their guaranties of the Revolving Note and acknowledge and agree that their guaranties apply to the Revolving Note as extended and all other obligations of the Borrower to the Bank.

Collateral Security and Guaranties. Payment of the Revolving Note and performance of the Borrower's obligations as set forth in this Second Extension and in the Agreement shall continue to be secured by the Security Agreement, Deed of Trust and Assignment. The Guarantors also reaffirm their guaranties of the Revolving Note and acknowledge and agree that their guaranties apply to the Revolving Note as extended and all other obligations of the Borrower to the Bank.