Common use of Affirmation of Guaranty Clause in Contracts

Affirmation of Guaranty. By executing this Amendment, each of the Parent and the Subsidiary Loan Parties hereby acknowledges, consents and agrees that all of its obligations and liabilities under the Guaranty and Security Agreement remain in full force and effect, and that the execution and delivery of this Amendment and any and all documents executed in connection herewith shall not alter, amend, reduce or modify its obligations and liability under the Guaranty and Security Agreement or any of the other Loan Documents to which it is a party.

Appears in 4 contracts

Samples: Credit Agreement (STEINER LEISURE LTD), Credit Agreement (STEINER LEISURE LTD), Credit Agreement (STEINER LEISURE LTD)

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Affirmation of Guaranty. By executing this Amendment, each of the Parent and the Subsidiary Loan Parties hereby acknowledges, consents and agrees that all of its obligations and liabilities under the Guaranty and Security Agreement remain in full force and effect, and that the execution and delivery of this Amendment and any and all documents executed in connection herewith herewith, except as otherwise expressly provided herein, shall not alter, amend, reduce or modify its obligations and liability under the Guaranty and Security Agreement or any of the other Loan Documents to which it is a party.

Appears in 1 contract

Samples: Credit Agreement (STEINER LEISURE LTD)

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