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2) Terms of Guaranty. This Guaranty shall continue until <br />terms and conditions of the foregoing franchise agreement have <br />been satisfactorily performed or otherwise discharged. The <br />Guarantor shall be bound by the obligations under the franchise <br />agreement as fully as Vision is now bound thereby. <br /> <br /> 3) Modification. The parties to the foregoing Guaranty <br />Agreement may modify, alter or change the conditions of the <br />original franchise agreement between the Board and Vision or <br />the terms of this agreement by consent, at any time, provided <br />that said modification is in writing. <br /> <br /> 4) Benefits. This agreement shall inure to the Board, its <br />successors and assigns, and shall be binding upon the Guaran- <br />tor, its successors and assigns. <br /> <br /> 5) Effectiveness. This agreement is contingent upon, and <br />will not be effective until, the consummation of the merger of <br />SDC and Vision. <br /> <br /> IN WITNESS WHEREOF, the Guarantor has signed this Guaranty <br />Agreement this I?~ day of May, 1981. <br /> <br /> THE NEWHOUSE GROUP INC. <br /> <br /> President <br /> <br />ATTEST.'/~ <br /> Secretary <br /> <br />(Corporate Seal) <br /> <br /> <br />