Acknowledgement and Consent of Guarantors. Each of the undersigned has guaranteed the payment and performance of the Indebtedness by Borrower pursuant to Guaranties dated December 1, 2011. Each of the undersigned acknowledges and consents to the execution, delivery and performance of the foregoing Amendment No. 2 to Loan and Security Agreement and Amendment No. 1 to Note of even date herewith between Borrower and Bank (“Export Amendment”) which Export Amendment amends that certain Master Revolving Note dated as of December 1, 2011 made by Borrower to Bank (the “Export Note”), and (c) agrees that (i) its guaranty remains in full force and effect and (ii) it has absolutely no defenses, claims, rights of set-off, or counterclaims against Bank under, arising out of, or in connection with, the foregoing Amendment No. 2 to the Loan and Security Agreement, the Loan and Security Agreement, the Export Amendment, the Export Note, its guaranty, or the other Loan Documents. Each of the undersigned further represents that it is in compliance with all of the terms and conditions of its guaranty. The corporate resolutions and incumbency certifications of each of the undersigned delivered to Bank on or about May 18, 2012 remain in full force and effect, have not been amended, repealed or rescinded in any respect and may continue to be relied upon by Bank until written notice to the contrary is received by Bank, the officers named therein continue to hold those offices, the bylaws of each of the undersigned delivered to Bank on or about December 1, 2011 remain in full force and effect, have not been amended, repealed or rescinded in any respect and may continue to be relied upon by Bank until written notice to the contrary is received by Bank, and each of the undersigned continues to be in good standing under the laws of the State of Delaware. By: /s/ Xxxxxxx X Xxxxxx Name: Xxxxxxx X Xxxxxx Title: CFO Dated: November 6, 2012 By: /s/ Xxxxxxx X Xxxxxx Name: Xxxxxxx X Xxxxxx Title: CFO Dated: November 6, 2012
Acknowledgement and Consent of Guarantors. Each of the undersigned has guaranteed the payment and performance of the Indebtedness by Borrower pursuant to a Guaranty dated as of February 12, 2008 (“Guaranty”). Each of the undersigned acknowledges and consents to the execution, delivery and performance of the foregoing Amendment No. 2 to Credit Agreement and the $27,500,000 Master Revolving Note dated as of October 6, 2009 from Borrower to Bank, and agrees that its guaranty remains in full force and effect. Each of the undersigned further represents that it is in compliance with all of the terms and conditions of its Guaranty. By: /s/ Xxxxx Xxxxxx Xxxxx Xxxxxx, as Vice President of each of the above Borrower: Tandy Brands Accessories, Inc. Lender: Comerica Bank
Acknowledgement and Consent of Guarantors. Each of the undersigned, the Guarantors, heretofore executed and delivered to the Administrative Agent, on behalf of the Lenders, the Credit Agreement or an Additional Guarantor Supplement. Each of the undersigned hereby consents to the First Amendment to Credit Agreement (the "Amendment") set forth above, including, without limitation, Section 4.1 thereof, and confirms that its Guaranty, and all obligations of the undersigned thereunder, remains in full force and effect. Each of the undersigned further agrees that the consent of the undersigned to any further amendments to the Credit Agreement shall not be required as a result of this consent having been obtained. Each of the undersigned acknowledges that the Lenders are relying on the assurances provided herein in entering into the Amendment.
Acknowledgement and Consent of Guarantors. Each of the undersigned has guaranteed the payment and performance of the Obligations by Borrower pursuant to Guaranty dated May 24, 2012. Each of the undersigned (a) acknowledges and consents to the execution, delivery and performance of the foregoing Amendment No. 1 to Loan and Security Agreement, and (b) agrees that (i) its guaranty remains in full force and effect and (ii) it has absolutely no defenses, claims, rights of set-off, or counterclaims against Bank under, arising out of, or in connection with, the foregoing Amendment No. 1 to the Loan and Security Agreement, the Loan Agreement, its guaranty, or the other Loan Documents. Each of the undersigned further represents that it is in compliance with all of the terms and conditions of its guaranty.
Acknowledgement and Consent of Guarantors. Each of the undersigned Guarantors hereby consents to the foregoing Amendment No. 1 to Credit Agreement and agrees that the Guaranty and Security Agreement dated as of February 18, 2011, and all related Loan Documents to which such Guarantor is a party, shall remain in full force and effect after giving effect to the foregoing Amendment.
Acknowledgement and Consent of Guarantors. Each of the undersigned has guaranteed the payment and performance of the Indebtedness by Borrower pursuant to a Guaranty dated as of February 12, 2008 (“Guaranty”). Each of the undersigned acknowledges and consents to the execution, delivery and performance of the foregoing Amendment No. 3 to Credit Agreement and the Amendment No. 1 to Master Revolving Note of even date between Borrower and Bank amending the $27,500,000 Master Revolving Note dated as of October 6, 2009 from Borrower to Bank, and agrees that its guaranty remains in full force and effect. Each of the undersigned further represents that it is in compliance with all of the terms and conditions of its Guaranty. By: /s/ Xxxxx Xxxxxx Xxxxx Xxxxxx, as Vice President of each of the above Borrower: Tandy Brands Accessories, Inc. Lender: Comerica Bank
Acknowledgement and Consent of Guarantors. Each of the undersigned has guaranteed the payment and performance of the Indebtedness by Borrower pursuant to a Guaranty dated as of February 12, 2008 (“Guaranty”). Each of the undersigned acknowledges and consents to the execution, delivery and performance of the foregoing Amendment No. 4 to Credit Agreement and the Amendment No. 2 to Master Revolving Note of even date between Borrower and Bank amending the $27,500,000 Master Revolving Note dated as of October 6, 2009 from Borrower to Bank, as amended, and agrees that its guaranty remains in full force and effect. Each of the undersigned further represents that it is in compliance with all of the terms and conditions of its Guaranty. By: /s/ N. Xxxxxxxx XxXxxxxx, III N. Xxxxxxxx XxXxxxxx, III, President of each of the forgoing entities Borrower: Tandy Brands Accessories, Inc. Lender: Comerica Bank
Acknowledgement and Consent of Guarantors. Each of the undersigned has guaranteed the payment and performance of the Indebtedness by Borrower pursuant to a Guaranty dated as of February 12, 2008 (“Guaranty”). Each of the undersigned acknowledges and consents to the execution, delivery and performance of the foregoing Amendment No. 1 to Credit Agreement and the $27,500,000 Master Revolving Note dated as of [March 31, 2009] from Borrower to Bank, and agrees that its guaranty remains in full force and effect. Each of the undersigned further represents that (a) it is in compliance with all of the terms and conditions of its Guaranty; and (b) the organizational documents and resolutions of each of the undersigned certified by an authorized officer of the undersigned and delivered to Bank on or about February 12, 2008, remain in full force and effect, have not been amended, repealed or rescinded in any respect and may continue to be relied upon by Bank until written notice to the contrary is received by Bank, and each of the undersigned continues to be in good standing under the laws of the state of its incorporation or formation.
Acknowledgement and Consent of Guarantors. Each of the undersigned has guaranteed the payment and performance of the Indebtedness by Borrower pursuant to a Guaranty dated as of February 12, 2008 (“Guaranty”). Each of the undersigned acknowledges and consents to the execution, delivery and performance of the foregoing Amendment No. 1 to Credit Agreement and the $27,500,000 Master Revolving Note dated as of [March 31, 2009] from Borrower to Bank, and agrees that its guaranty remains in full force and effect. Each of the undersigned further represents that (a) it is in compliance with all of the terms and conditions of its Guaranty; and (b) the organizational documents and resolutions of each of the undersigned certified by an authorized officer of the undersigned and delivered to Bank on or about February 12, 2008, remain in full force and effect, have not been amended, repealed or rescinded in any respect and may continue to be relied upon by Bank until written notice to the contrary is received by Bank, and each of the undersigned continues to be in good standing under the laws of the state of its incorporation or formation. AMITY/XXXXX, INC. By: TBAC General Management Company TBAC GENERAL MANAGEMENT COMPANY Its: General Partner TBAC INVESTMENT TRUST By: /s/ Xxxxx Xxxxxx TANDY BRANDS ACCESSORIES HANDBAGS, INC. Xxxxx Xxxxxx STAGG INDUSTRIES, INC. Its: Vice President By: /s/ Xxxxx Xxxxxx Xxxxx Xxxxxx, as Vice President of each of the above Borrower: Tandy Brands Accessories, Inc. Lender: Comerica Bank
Acknowledgement and Consent of Guarantors. Each Guarantor hereby acknowledges that it has reviewed the terms and provisions of the Note Agreement, the Notes, the Subsidiary Guarantee and this Amendment and consents to the amendment to the Note Agreement effected pursuant to this Amendment. Each Guarantor confirms that its Subsidiary Guarantee will continue to guarantee to the fullest extent possible the payment and performance of all guaranteed Obligations (as defined in each Subsidiary Guarantee). Each Guarantor acknowledges and agrees that (a) its Subsidiary Guarantee shall continue in full force and effect and that its obligations thereunder shall be valid and enforceable and shall not be impaired or limited by the execution or effectiveness of this Amendment, and (b) (i) notwithstanding the conditions to effectiveness hereof, such Guarantor is not required by the terms of the Note Agreement, the Notes or the Subsidiary Guarantee to consent to the amendments to the Note Agreement effected pursuant to this Amendment, and (ii) nothing in the Note Agreement, the Notes or the Subsidiary Guarantee shall be deemed to require the consent of any such Guarantor to any future amendments to the Note Agreement.
