Exhibit 10.30
GUARANTOR CONSENT AGREEMENT
THIS GUARANTOR CONSENT AGREEMENT (this "Agreement"), dated as of March 26,
2003, is made in connection with that certain 2000 Amended and Restated Credit
Agreement dated as of August 3, 2000 (as amended by that certain First Amendment
to Credit Agreement dated as of March 28, 2001, that certain Amended and
Restated Second Amendment to Credit Agreement dated as of September 11, 2001,
and that certain Third Amendment to Credit Agreement dated as of March 29, 2002,
the "Credit Agreement"), among Symbol Technologies, Inc. ("Borrower"), the
several financial institutions party thereto (the "Banks") and Bank of America,
N.A., as letter of credit issuing bank ("Letter of Credit Issuing Bank"),
fronting bank for certain offshore currency loans ("Fronting Bank") and as
administrative agent for the Banks ("Agent") by each of the undersigned
Guarantors (as defined in the Credit Agreement). All capitalized terms used in
this Agreement and not otherwise defined herein shall have the meanings assigned
to them in the Credit Agreement.
Each of the Guarantors, in its capacity as a Guarantor, acknowledges that
its consent to the Waiver Agreement dated as of March 26, 2003 among Borrower,
the Banks party thereto and Agent (the "Waiver") is not required, but each of
the Guarantors nevertheless does hereby consent to the Waiver. Furthermore, each
of the Guarantors, in its capacity as a Guarantor, acknowledges that its
execution and delivery of this Agreement does not and shall not be deemed to
create a course of dealing or otherwise create any express or implied duty or
course of conduct requiring its consent to any other past or future waiver or
amendment. Nothing herein shall in any way limit any of the terms or provisions
of the Guaranty of the Guarantors or any other Loan Document executed by the
Guarantors (as the same may be amended from time to time), all of which are
hereby ratified and affirmed in all respects.
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IN WITNESS WHEREOF, each of the undersigned Guarantors has executed this
Guarantor Consent Agreement by its duly authorized officers as of the date above
first written.
GUARANTORS
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SYMBOL TECHNOLOGIES
INTERNATIONAL, INC. (Delaware)
SYMBOL TECHNOLOGIES
INTERNATIONAL, INC. (New York)
SYMBOL TECHNOLOGIES FINANCE, INC.
SYMBOLEASE, INC.
SYMBOLEASE CANADA, INC.
SYMBOL TECHNOLOGIES DELAWARE, INC.
SYMBOL TECHNOLOGIES ASIA, INC.
SYMBOL TECHNOLOGIES AFRICA, INC.
SYMBOL PRODUCT DEVELOPMENT CORPORATION
SYMBOL TECHNOLOGIES FLORIDA, INC.
SYMBOL TECHNOLOGIES LATIN AMERICA, INC.
TELXON-CORPORATION
By: /s/ Xxxxxxx X. Xxxxxxx
Name: Xxxxxxx X. Xxxxxxx
Title: Executive Vice President,
General Counsel & Secretary
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