Ad Art Guaranty

Ad Art Guaranty. Shall mean the Guaranty of Payment of even date herewith executed by the Ad Art Guarantors in favor of Bank, pursuant to which Display guaranties the payment and performance of all obligations of Ad Art to the Bank, including, without limitation, all obligations of Ad Art to the Bank under the Loan and Security Agreement dated as of January 17, 2001 between Ad Art and Bank, as amended... by Amendment to Loan and Security Agreement and Promissory Notes dated July 3, 2001 between Ad Art and the Bank, as amended by the Forbearance Agreement dated as of July 13, 2001 between Ad Art and the Borrower, the Promissory Note (Ad Art Electronic Sign Corporation) dated January 17, 2001 in the principal amount of $8,122,489.56 made by Ad Art to the 2 order of the Bank, the Ad Art Winddown Note dated January 17, 2001 in the principal amount of $1,000,000.00 made by Ad Art to the order of the Bank, and the Irrevocable Letter of Credit # SB2128 in amount of up to $2,546,028.00 dated June 17, 1999 issued by the Bank for the account of Ad Art. View More