Confirmation of Guaranty. Each of the Guarantors confirms that they have read and understand the Amendment. In order to induce the Lenders, the Administrative Agent and the other Agents to enter into the Amendment, each of the Guarantors: (i) consents to the Amendment and the transactions contemplated thereby; (ii) ratifies and confirms each of the Loan Documents to which it is a party; (iii) ratifies, agrees and confirms that it has been a Guarantor and a Loan Party at all times since it became a Guarantor and a Loan Party and from and after the date hereof, each Guarantor shall continue to be a Guarantor and a Loan Party in accordance with the terms of the Loan Documents, as the same may be amended in connection with the Amendment and the transactions contemplated thereby; and (iv) hereby ratifies and confirms its obligations under each of the Loan Documents (including all exhibits and schedules thereto), as the same may be amended in connection with the Amendment and the transactions contemplated thereby, by signing below as indicated and hereby acknowledges and agrees that nothing contained in any of such Loan Documents is intended to create, nor shall it constitute an interruption, suspension of continuity, satisfaction, discharge of prior duties, novation or termination of the indebtedness, loans, liabilities, expenses, guaranty or obligations of any of the Loan Parties under the Credit Agreement or any other such Loan Document.
Confirmation of Guaranty. Promptly following the request of any holder of Notes in connection with any issuance of additional Notes pursuant to the terms of the Note Purchase Agreement, each Guarantor agrees to confirm in writing that the Unconditional Guaranty hereunder extends to the obligations of the Company evidenced by such newly issued Notes, and that such Notes are Guarantied Obligations hereunder.
Confirmation of Guaranty. The Guarantor hereby confirms that the Guaranty is in full force and effect on the date hereof and that, upon the amendments herein provided becoming effective, the Guaranty will continue in full force and effect in accordance with its terms, as hereby amended.
Confirmation of Guaranty. Except as expressly set forth herein, neither the Transaction nor anything contained herein shall limit, impair, terminate or revoke the obligations of Guarantor under the Guaranty, and such obligations shall continue in full force and effect in accordance with the terms and provisions of the Guaranty. Guarantor hereby ratifies and reaffirms all of its obligations and liabilities under the Guaranty and reaffirms its waiver of each and every one of the defenses to such obligations as set forth in the Guaranty.
Confirmation of Guaranty. Each of the Guarantors shall have executed the Confirmation of Guaranty in the form attached hereto as Exhibit A.
Confirmation of Guaranty. Each Guarantor ratifies and reaffirms its obligations under the Guaranty and each and every term, condition, and provision of the Guaranty. Each Guarantor further represents and warrants that it has no defenses or claims against the Agent or any Lender that would or might affect the enforceability of the Guaranty and that the Guaranty remains in full force and effect.
Confirmation of Guaranty. Each Loan Party (a) confirms its obligations under the Guaranty, (b) confirms that its obligations under the Credit Agreement as modified hereby constitute “Obligations” (as defined in the Credit Agreement), (c) confirms its guarantee of the Obligations under the Guaranty, (d) confirms that its obligations under the Credit Agreement as modified hereby are entitled to the benefits of the guarantee set forth in the Guaranty, and (e) agrees that the Credit Agreement as modified hereby is the Credit Agreement under and for all purposes of the Guaranty. Each Loan Party, by its execution of this Agreement, hereby confirms that the Obligations shall remain in full force and effect.
Confirmation of Guaranty. Each Guarantor hereby (a) consents and agrees to the execution and delivery of the Amendment and the related Loan Papers (as defined in the Credit Agreement), (b) ratifies and confirms that the Guaranty executed by such Guarantor is not released, diminished, impaired, reduced, or otherwise adversely affected by the Credit Agreement or the Amendment and continues to guarantee and assure the full payment and performance of all present and future obligations thereunder, and (c) agrees that the Guaranteed Debt includes, without limitation, the Obligation (as defined in the Credit Agreement).
Confirmation of Guaranty. The Parent Guarantor ratifies and reaffirms its obligations under the Parent Guaranty and each and every term, condition, and provision of the Parent Guaranty. The Parent Guarantor further represents and warrants that it has no defenses or claims against the Administrative Agent or any Bank that would or might affect the enforceability of the Parent Guaranty and that the Parent Guaranty remains in full force and effect.
Confirmation of Guaranty. Reference is made to the Amended and Restated Credit Agreement dated as of September 7, 2006 (the “Credit Agreement”) among Tandy Brands Accessories, Inc. (“Borrower”), Wxxxx Fargo HSBC Trade Bank, N. A., as Administrative Agent (“Agent”), Wxxxx Fargo Bank, N.A., and the lenders specified therein (“Lenders”). The undersigned Guarantors hereby confirm that their guaranty under the Amended and Restated Subsidiary Guaranty dated as of September 7, 2006 for the benefit of the Agent, the Lenders, and Wxxxx Fargo Bank, N. A., continues in full force and effect notwithstanding the Limited Waiver and First Amendment to Amended and Restated Credit Agreement dated as of November 13th, 2007 (the “First Amendment”), which First Amendment is hereby accepted and consented to by each Guarantor. In accordance herewith, the aforesaid guaranty shall be deemed to cover and secure the Obligations at any time due from Borrower pursuant to the Credit Agreement as the latter has been modified by the First Amendment. This Confirmation of Guaranty shall be governed by and construed in accordance with the laws of the State of Texas. Dated this 13 day of November, 2007. TBAC-PRINCE GXXXXXX, INC., a Delaware corporation By: /s/ J.S.B. Jxxxxxx J.S.B. Jxxxxxx President AMITY/RXXXX, INC., a Delaware corporation By: /s/ J.S.B. Jxxxxxx J.S.B. Jxxxxxx President TBAC INVESTMENTS, INC., a Nevada corporation By: /s/ J.S.B. Jxxxxxx J.S.B. Jxxxxxx President TBAC GENERAL MANAGEMENT COMPANY, a Nevada corporation By: /s/ J.S.B. Jxxxxxx J.S.B. Jxxxxxx President ACCESSORY DESIGN GROUP, INC., a Delaware corporation By: /s/ J.S.B. Jxxxxxx J.S.B. Jxxxxxx President TBAC-TOREL, INC., a Delaware corporation By: /s/ J.S.B. Jxxxxxx J.S.B. Jxxxxxx President TANDY BRANDS ACCESSORIES HANDBAGS, INC., a Delaware corporation By: /s/ J.S.B. Jxxxxxx J.S.B. Jxxxxxx President STAGG INDUSTRIES, INC., an Alabama corporation By: /s/ J.S.B. Jxxxxxx J.S.B. Jxxxxxx President TBAC INVESTMENT TRUST, a Pennsylvania trust By: /s/ J.S.B. Jxxxxxx J.S.B. Jxxxxxx President TBAC MANAGEMENT COMPANY, L.P., a Delaware limited partnership By: /s/ J.S.B. Jxxxxxx J.S.B. Jxxxxxx President TBAC-MASS MERCHANT QUALITY CONTROL, INC., a Delaware corporation By: /s/ J.S.B. Jxxxxxx J.S.B. Jxxxxxx President TBAC-ACQUISITION, INC., a Delaware corporation By: /s/ J.S.B. Jxxxxxx J.S.B. Jxxxxxx President SUPERIOR MERCHANDISE COMPANY, a Louisiana corporation By: /s/ J.S.B. Jxxxxxx J.S.B. Jxxxxxx President ACCEPTED as of the date first written above. B...
