Common use of Guarantor Acknowledgement Clause in Contracts

Guarantor Acknowledgement. By signing below, each of the Guarantors ------------------------- (i) acknowledges, consents and agrees to the execution and delivery of this First Amendment, (ii) acknowledges and agrees that its obligations in respect of its Subsidiary Guaranty are not released, diminished, waived, modified, impaired or affected in any manner by this First Amendment or any of the provisions contemplated herein, (iii) ratifies and confirms its obligations under its Subsidiary Guaranty, and (iv) acknowledges and agrees that it has no claims or offsets against, or defenses or counterclaims to, its Subsidiary Guaranty.

Appears in 1 contract

Samples: Credit Agreement (Compusa Inc)

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Guarantor Acknowledgement. By signing below, each of the Guarantors ------------------------- Subsidiary which has executed a Guaranty (i) acknowledges, consents and agrees to the execution execution, delivery and delivery performance by Borrower of this First Seventh Amendment, (ii) acknowledges and agrees that its obligations in respect of its Subsidiary Guaranty are not released, diminished, waived, modified, impaired or affected in any manner by this First Seventh Amendment or any of the provisions contemplated herein, (iii) ratifies and confirms its obligations under its Subsidiary Guaranty, Guaranty and (iv) acknowledges and agrees that it has no claims or offsets against, or defenses or counterclaims to, its Subsidiary Guaranty.

Appears in 1 contract

Samples: Loan Agreement (Justin Industries Inc)

Guarantor Acknowledgement. By signing below, each of the Guarantors ------------------------- (i) acknowledges, consents and agrees to the execution and delivery of this First Amendment, (ii) acknowledges and agrees that its obligations in respect of its Subsidiary Guaranty are not released, diminished, waived, modified, impaired or affected in any manner by this First Amendment or any of the provisions contemplated herein, (iii) ratifies and confirms its obligations under its Subsidiary Guaranty, and (iv) acknowledges and agrees that it has no claims or offsets against, or defenses or counterclaims to, its Subsidiary Guaranty.

Appears in 1 contract

Samples: Credit Agreement (Compusa Inc)

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Guarantor Acknowledgement. By signing below, each of the Guarantors ------------------------- Subsidiary which has executed a Guaranty (i) acknowledges, consents and agrees to the execution execution, delivery and delivery performance by Borrower of this First Fourth Amendment, (ii) acknowledges and agrees that its obligations in respect of its Subsidiary Guaranty are not released, diminished, waived, modified, impaired or affected in any manner by this First Fourth Amendment or any of the provisions contemplated herein, (iii) ratifies and confirms its obligations under its Subsidiary Guaranty, Guaranty and (iv) acknowledges and agrees that it has no claims or offsets against, or defenses or counterclaims to, its Subsidiary Guaranty.

Appears in 1 contract

Samples: Loan Agreement (Justin Industries Inc)

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