Common use of Acknowledgment of Guarantors Clause in Contracts

Acknowledgment of Guarantors. The undersigned (collectively, the “Guarantors”) hereby acknowledge and agree to the amendments to the Revolving Credit and Security Agreement (the “Credit Agreement) contained in the attached Second Amendment to Revolving Credit and Security Agreement and Consent (the “Amendment”), acknowledge and reaffirm their respective obligations owing to the Agents and the Lenders under their respective Guaranties, and agree that their respective Guaranties are and shall remain in full force and effect with respect to the Obligations under the Credit Agreement, as amended by the Amendment. Although the Guarantors have been informed of the matters set forth herein and have acknowledged and agreed to the same, the Guarantors understand that neither any Agent nor any Lender has any obligation to inform the Guarantors of such matters in the future nor any obligation to seek the Guarantors' acknowledgement or agreement to future amendments to the Credit Agreement, and nothing herein shall create such a duty. All capitalized terms used in this Acknowledgment of Guarantors without definition shall have the respective meanings set forth for such terms in the Credit Agreement, as amended by the Amendment. NEWEGG ENTERPRISES LLC., a Delaware limited liability corporation By: /s/ XXXXXX XXXXX Name: XXXXXX XXXXX Title: C.F.O NEWEGG TECH, INC., a Delaware corporation By: /s/ XXXXXX XXXXX Name: XXXXXX XXXXX Title: C.F.O XXXXXXXXXX.XXX, INC., a New Jersey corporation By: /s/ XXXXXX XXXXX Name: XXXXXX XXXXX Title: C.F.O Acknowledgment of Guarantors NUTREND AUTOMOTIVE, INC., a Delaware corporation By: /s/ XXXXXX XXXXX Name: XXXXXX XXXXX Title: C.F.O TNOPC, INC., a Tennessee corporation By: /s/ XXXXXX XXXXX Name: XXXXXX XXXXX Title: C.F.O Acknowledgment of Guarantors

Appears in 2 contracts

Samples: Revolving Credit and Security Agreement and Consent (Lianluo Smart LTD), Revolving Credit and Security Agreement and Consent (Lianluo Smart LTD)

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Acknowledgment of Guarantors. The undersigned (collectively, the "Guarantors") hereby acknowledge and agree to the amendments to the Revolving Credit and Security Agreement (the "Credit Agreement") contained in the attached Second First Amendment to Revolving Credit and Security Agreement and Consent (the "Amendment"), acknowledge and reaffirm their respective obligations owing to the Agents and the Lenders under their respective Guaranties, and agree that their respective Guaranties are and shall remain in full force and effect with respect to the Obligations under the Credit Agreement, as amended by the Amendment. Although the Guarantors have been informed of the matters set forth herein and have acknowledged and agreed to the same, the Guarantors understand that neither any Agent nor any Lender has any obligation to inform the Guarantors of such matters in the future nor any obligation to seek the Guarantors' acknowledgement or agreement to future amendments to the Credit Agreement, and nothing herein shall create such a duty. All capitalized terms used in this Acknowledgment of Guarantors without definition shall have the respective meanings set forth for such terms in the Credit Agreement, as amended by the Amendment. NEWEGG ENTERPRISES LLC., a Delaware limited liability corporation company By: /s/ XXXXXX XXXXX Xxxx Xx Name: XXXXXX XXXXX Jing (aka Xxxxx) Wu Title: C.F.O President NEWEGG TECH, TECH INC., a Delaware corporation By: /s/ XXXXXX XXXXX Xxxx Xx Name: XXXXXX XXXXX Jing (aka Xxxxx) Wu Title: C.F.O President XXXXXXXXXX.XXX, INC., a New Jersey corporation By: /s/ XXXXXX XXXXX Xxxx Xx Name: XXXXXX XXXXX Jing (aka Xxxxx) Wu Title: C.F.O President Acknowledgment of Guarantors NUTREND AUTOMOTIVE, AUTOMOTIVE INC., a an Delaware corporation By: /s/ XXXXXX XXXXX Xxxx Xx Name: XXXXXX XXXXX Jing (aka Xxxxx) Wu Title: C.F.O President TNOPC, INC., a Tennessee corporation By: /s/ XXXXXX XXXXX Xxxx Xx Name: XXXXXX XXXXX Jing (aka Xxxxx) Wu Title: C.F.O President Acknowledgment of Guarantors

Appears in 2 contracts

Samples: Revolving Credit and Security Agreement (Lianluo Smart LTD), Revolving Credit and Security Agreement (Lianluo Smart LTD)

Acknowledgment of Guarantors. The undersigned (collectivelyGuarantors hereby acknowledge, the “Guarantors”) hereby acknowledge accept and agree to each of the amendments provisions of the foregoing Change in Terms and ratify and confirm that all of the provisions of the Loan Documents to which each such Guarantor is a party, including, without limitation, the Revolving Credit and Security Agreement (Subsidiary Guaranty, the “Credit Agreement) contained in Fast Forward Guaranty, the attached Second Amendment to Revolving Credit and Security Agreement and Consent (the “Amendment”)Timexpress Guaranty, acknowledge and reaffirm their respective obligations owing to the Agents as applicable, and the Lenders under their respective GuarantiesSecurity Agreements, and agree that their respective Guaranties are all obligations and liabilities of each such Guarantor in favor of Agent and/or the Lenders thereunder and otherwise, and all liens, security and other interests granted thereby, shall continue and remain in full force and effect with respect to the Obligations under the Credit Agreementeffect, as amended by the Amendment. Although the Guarantors have been informed irrespective of any provision of the matters set forth herein and have acknowledged and agreed to the sameabove Change in Terms, the Guarantors understand that neither Waiver, or any Agent nor any Lender has any obligation to inform other or future modification of the Guarantors Loan Documents or the terms of such matters in the future nor any obligation to seek the Guarantors' acknowledgement or agreement to future amendments to the Credit Agreementcredit extended, evidenced and nothing herein shall create such a dutysecured thereby. All capitalized terms used in this Acknowledgment of Guarantors without definition shall have the respective meanings set forth for such terms in the Credit AgreementGUARANTORS: Jetride, as amended by the Amendment. NEWEGG ENTERPRISES LLC.Inc., a Delaware limited liability an Ohio corporation By: /s/ XXXXXX XXXXX Name: XXXXXX XXXXX Title: C.F.O NEWEGG TECHJxxx X. Xxxxxxxxxxx Jxxx X. Xxxxxxxxxxx, INC.President WARNING – BY SIGNING THIS PAPER YOU GIVE UP YOUR RIGHT TO NOTICE AND COURT TRIAL. IF YOU DO NOT PAY ON TIME A COURT JUDGMENT MAY BE TAKEN AGAINST YOU WITHOUT YOUR PRIOR KNOWLEDGE AND THE POWERS OF A COURT CAN BE USED TO COLLECT FROM YOU REGARDLESS OF ANY CLAIMS YOU MAY HAVE AGAINST THE CREDITOR WHETHER FOR RETURNED GOODS, FAULTY GOODS, FAILURE ON HIS PART TO COMPLY WITH THE AGREEMENT, OR ANY OTHER CAUSE. Float Control, Inc., a Delaware Michigan corporation By: /s/ XXXXXX XXXXX Name: XXXXXX XXXXX Title: C.F.O XXXXXXXXXX.XXXJxxx X. Xxxxxxxxxxx Jxxx X. Xxxxxxxxxxx, INC.President WARNING – BY SIGNING THIS PAPER YOU GIVE UP YOUR RIGHT TO NOTICE AND COURT TRIAL. IF YOU DO NOT PAY ON TIME A COURT JUDGMENT MAY BE TAKEN AGAINST YOU WITHOUT YOUR PRIOR KNOWLEDGE AND THE POWERS OF A COURT CAN BE USED TO COLLECT FROM YOU REGARDLESS OF ANY CLAIMS YOU MAY HAVE AGAINST THE CREDITOR WHETHER FOR RETURNED GOODS, a New Jersey FAULTY GOODS, FAILURE ON HIS PART TO COMPLY WITH THE AGREEMENT, OR ANY OTHER CAUSE. [signatures continue on following pages] AirNet Management, Inc., an Ohio corporation By: /s/ XXXXXX XXXXX NameJxxx X. Xxxxxxxxxxx Jxxx X. Xxxxxxxxxxx, President WARNING – BY SIGNING THIS PAPER YOU GIVE UP YOUR RIGHT TO NOTICE AND COURT TRIAL. IF YOU DO NOT PAY ON TIME A COURT JUDGMENT MAY BE TAKEN AGAINST YOU WITHOUT YOUR PRIOR KNOWLEDGE AND THE POWERS OF A COURT CAN BE USED TO COLLECT FROM YOU REGARDLESS OF ANY CLAIMS YOU MAY HAVE AGAINST THE CREDITOR WHETHER FOR RETURNED GOODS, FAULTY GOODS, FAILURE ON HIS PART TO COMPLY WITH THE AGREEMENT, OR ANY OTHER CAUSE. Fast Forward Solutions, LLC, an Ohio limited liability company By: XXXXXX XXXXX Title: C.F.O Acknowledgment of Guarantors NUTREND AUTOMOTIVE/s/ Jxxx X. Xxxxxxxxxxx Jxxx X. Xxxxxxxxxxx, INC.President WARNING – BY SIGNING THIS PAPER YOU GIVE UP YOUR RIGHT TO NOTICE AND COURT TRIAL. IF YOU DO NOT PAY ON TIME A COURT JUDGMENT MAY BE TAKEN AGAINST YOU WITHOUT YOUR PRIOR KNOWLEDGE AND THE POWERS OF A COURT CAN BE USED TO COLLECT FROM YOU REGARDLESS OF ANY CLAIMS YOU MAY HAVE AGAINST THE CREDITOR WHETHER FOR RETURNED GOODS, a Delaware FAULTY GOODS, FAILURE ON HIS PART TO COMPLY WITH THE AGREEMENT, OR ANY OTHER CAUSE. txxxxxxxxx.xxx, inc. an Ohio corporation By: /s/ XXXXXX XXXXX Name: XXXXXX XXXXX Title: C.F.O TNOPCJxxx X. Xxxxxxxxxxx Jxxx X. Xxxxxxxxxxx, INCPresident WARNING – BY SIGNING THIS PAPER YOU GIVE UP YOUR RIGHT TO NOTICE AND COURT TRIAL. IF YOU DO NOT PAY ON TIME A COURT JUDGMENT MAY BE TAKEN AGAINST YOU WITHOUT YOUR PRIOR KNOWLEDGE AND THE POWERS OF A COURT CAN BE USED TO COLLECT FROM YOU REGARDLESS OF ANY CLAIMS YOU MAY HAVE AGAINST THE CREDITOR WHETHER FOR RETURNED GOODS, FAULTY GOODS, FAILURE ON HIS PART TO COMPLY WITH THE AGREEMENT, OR ANY OTHER CAUSE., a Tennessee corporation By: /s/ XXXXXX XXXXX Name: XXXXXX XXXXX Title: C.F.O Acknowledgment of Guarantors

Appears in 1 contract

Samples: Third Change in Terms Agreement (Airnet Systems Inc)

Acknowledgment of Guarantors. The undersigned (collectivelyGuarantors hereby acknowledge, the “Guarantors”) hereby acknowledge accept and agree to each of the amendments provisions of the foregoing Change in Terms and ratify and confirm that all of the provisions of the Loan Documents to which each such Guarantor is a party, including, without limitation, the Revolving Credit and Security Agreement (Subsidiary Guaranty, the “Credit Agreement) contained in Fast Forward Guaranty, the attached Second Amendment to Revolving Credit and Security Agreement and Consent (the “Amendment”)Timexpress Guaranty, acknowledge and reaffirm their respective obligations owing to the Agents as applicable, and the Lenders under their respective GuarantiesSecurity Agreements, and agree that their respective Guaranties are all obligations and liabilities of each such Guarantor in favor of Agent and/or the Lenders thereunder and otherwise, and all liens, security and other interests granted thereby, shall continue and remain in full force and effect with respect to the Obligations under the Credit Agreementeffect, as amended by the Amendment. Although the Guarantors have been informed irrespective of any provision of the matters set forth herein above Change in Terms, or any other or future modification of the Loan Documents or the terms of the credit extended, evidenced and have acknowledged and agreed to the samesecured thereby. GUARANTORS: Jetride, the Guarantors understand that neither any Agent nor any Lender has any obligation to inform the Guarantors of such matters in the future nor any obligation to seek the Guarantors' acknowledgement or agreement to future amendments to the Credit AgreementInc., and nothing herein shall create such a duty. All capitalized terms used in this Acknowledgment of Guarantors without definition shall have the respective meanings set forth for such terms in the Credit Agreement, as amended by the Amendment. NEWEGG ENTERPRISES LLC., a Delaware limited liability an Ohio corporation By: /s/ XXXXXX XXXXX Name: XXXXXX XXXXX Title: C.F.O NEWEGG TECHJxxx X. Xxxxxxxxxxx Jxxx X. Xxxxxxxxxxx, INC.President WARNING – BY SIGNING THIS PAPER YOU GIVE UP YOUR RIGHT TO NOTICE AND COURT TRIAL. IF YOU DO NOT PAY ON TIME A COURT JUDGMENT MAY BE TAKEN AGAINST YOU WITHOUT YOUR PRIOR KNOWLEDGE AND THE POWERS OF A COURT CAN BE USED TO COLLECT FROM YOU REGARDLESS OF ANY CLAIMS YOU MAY HAVE AGAINST THE CREDITOR WHETHER FOR RETURNED GOODS, FAULTY GOODS, FAILURE ON HIS PART TO COMPLY WITH THE AGREEMENT, OR ANY OTHER CAUSE. Float Control, Inc., a Delaware Michigan corporation By: /s/ XXXXXX XXXXX Name: XXXXXX XXXXX Title: C.F.O XXXXXXXXXX.XXXJxxx X. Xxxxxxxxxxx Jxxx X. Xxxxxxxxxxx, INC.President WARNING – BY SIGNING THIS PAPER YOU GIVE UP YOUR RIGHT TO NOTICE AND COURT TRIAL. IF YOU DO NOT PAY ON TIME A COURT JUDGMENT MAY BE TAKEN AGAINST YOU WITHOUT YOUR PRIOR KNOWLEDGE AND THE POWERS OF A COURT CAN BE USED TO COLLECT FROM YOU REGARDLESS OF ANY CLAIMS YOU MAY HAVE AGAINST THE CREDITOR WHETHER FOR RETURNED GOODS, a New Jersey FAULTY GOODS, FAILURE ON HIS PART TO COMPLY WITH THE AGREEMENT, OR ANY OTHER CAUSE. [signatures continue on following pages] AirNet Management, Inc., an Ohio corporation By: /s/ XXXXXX XXXXX NameJxxx X. Xxxxxxxxxxx Jxxx X. Xxxxxxxxxxx, President WARNING – BY SIGNING THIS PAPER YOU GIVE UP YOUR RIGHT TO NOTICE AND COURT TRIAL. IF YOU DO NOT PAY ON TIME A COURT JUDGMENT MAY BE TAKEN AGAINST YOU WITHOUT YOUR PRIOR KNOWLEDGE AND THE POWERS OF A COURT CAN BE USED TO COLLECT FROM YOU REGARDLESS OF ANY CLAIMS YOU MAY HAVE AGAINST THE CREDITOR WHETHER FOR RETURNED GOODS, FAULTY GOODS, FAILURE ON HIS PART TO COMPLY WITH THE AGREEMENT, OR ANY OTHER CAUSE. Fast Forward Solutions, LLC, an Ohio limited liability company By: XXXXXX XXXXX Title: C.F.O Acknowledgment of Guarantors NUTREND AUTOMOTIVE/s/ Jxxx X. Xxxxxxxxxxx Jxxx X. Xxxxxxxxxxx, INC.President WARNING – BY SIGNING THIS PAPER YOU GIVE UP YOUR RIGHT TO NOTICE AND COURT TRIAL. IF YOU DO NOT PAY ON TIME A COURT JUDGMENT MAY BE TAKEN AGAINST YOU WITHOUT YOUR PRIOR KNOWLEDGE AND THE POWERS OF A COURT CAN BE USED TO COLLECT FROM YOU REGARDLESS OF ANY CLAIMS YOU MAY HAVE AGAINST THE CREDITOR WHETHER FOR RETURNED GOODS, a Delaware FAULTY GOODS, FAILURE ON HIS PART TO COMPLY WITH THE AGREEMENT, OR ANY OTHER CAUSE. txxxxxxxxx.xxx, inc. an Ohio corporation By: /s/ XXXXXX XXXXX Name: XXXXXX XXXXX Title: C.F.O TNOPCJxxx X. Xxxxxxxxxxx Jxxx X. Xxxxxxxxxxx, INCPresident WARNING – BY SIGNING THIS PAPER YOU GIVE UP YOUR RIGHT TO NOTICE AND COURT TRIAL. IF YOU DO NOT PAY ON TIME A COURT JUDGMENT MAY BE TAKEN AGAINST YOU WITHOUT YOUR PRIOR KNOWLEDGE AND THE POWERS OF A COURT CAN BE USED TO COLLECT FROM YOU REGARDLESS OF ANY CLAIMS YOU MAY HAVE AGAINST THE CREDITOR WHETHER FOR RETURNED GOODS, FAULTY GOODS, FAILURE ON HIS PART TO COMPLY WITH THE AGREEMENT, OR ANY OTHER CAUSE., a Tennessee corporation By: /s/ XXXXXX XXXXX Name: XXXXXX XXXXX Title: C.F.O Acknowledgment of Guarantors

Appears in 1 contract

Samples: Fourth Change in Terms Agreement (Airnet Systems Inc)

Acknowledgment of Guarantors. The undersigned (collectivelyGuarantors hereby acknowledge, the “Guarantors”) hereby acknowledge accept and agree to each of the amendments provisions of the foregoing Change in Terms and ratify and confirm that all of the provisions of the Loan Documents to which each such Guarantor is a party, including, without limitation, the Revolving Credit and Security Agreement (Subsidiary Guaranty, the “Credit Agreement) contained in Fast Forward Guaranty, the attached Second Amendment to Revolving Credit and Security Agreement and Consent (the “Amendment”)Timexpress Guaranty, acknowledge and reaffirm their respective obligations owing to the Agents as applicable, and the Lenders under their respective GuarantiesSecurity Agreements, and agree that their respective Guaranties are all obligations and liabilities of each such Guarantor in favor of Agent and/or the Lenders thereunder and otherwise, and all liens, security and other interests granted thereby, shall continue and remain in full force and effect with respect to the Obligations under the Credit Agreementeffect, as amended by the Amendment. Although the Guarantors have been informed irrespective of any provision of the matters set forth herein and have acknowledged and agreed to the sameabove Change in Terms, the Guarantors understand that neither Waiver, or any Agent nor any Lender has any obligation to inform other or future modification of the Guarantors Loan Documents or the terms of such matters in the future nor any obligation to seek the Guarantors' acknowledgement or agreement to future amendments to the Credit Agreementcredit extended, evidenced and nothing herein shall create such a dutysecured thereby. All capitalized terms used in this Acknowledgment of Guarantors without definition shall have the respective meanings set forth for such terms in the Credit AgreementGUARANTORS: 7250 STARCHECK, as amended by the Amendment. NEWEGG ENTERPRISES LLCINC., an Ohio corporation formerly known as Jetride, Inc. By: /s/ Jxxx X. Xxxxxxxxxxx Jxxx X. Xxxxxxxxxxx, President WARNING — BY SIGNING THIS PAPER YOU GIVE UP YOUR RIGHT TO NOTICE AND COURT TRIAL. IF YOU DO NOT PAY ON TIME A COURT JUDGMENT MAY BE TAKEN AGAINST YOU WITHOUT YOUR PRIOR KNOWLEDGE AND THE POWERS OF A COURT CAN BE USED TO COLLECT FROM YOU REGARDLESS OF ANY CLAIMS YOU MAY HAVE AGAINST THE CREDITOR WHETHER FOR RETURNED GOODS, FAULTY GOODS, FAILURE ON HIS PART TO COMPLY WITH THE AGREEMENT, OR ANY OTHER CAUSE. Float Control, Inc., a Delaware limited liability Michigan corporation By: /s/ XXXXXX XXXXX Name: XXXXXX XXXXX Title: C.F.O NEWEGG TECHJxxx X. Xxxxxxxxxxx Jxxx X. Xxxxxxxxxxx, INC.President WARNING — BY SIGNING THIS PAPER YOU GIVE UP YOUR RIGHT TO NOTICE AND COURT TRIAL. IF YOU DO NOT PAY ON TIME A COURT JUDGMENT MAY BE TAKEN AGAINST YOU WITHOUT YOUR PRIOR KNOWLEDGE AND THE POWERS OF A COURT CAN BE USED TO COLLECT FROM YOU REGARDLESS OF ANY CLAIMS YOU MAY HAVE AGAINST THE CREDITOR WHETHER FOR RETURNED GOODS, a Delaware FAULTY GOODS, FAILURE ON HIS PART TO COMPLY WITH THE AGREEMENT, OR ANY OTHER CAUSE. [signatures continue on following pages] AirNet Management, Inc., an Ohio corporation By: /s/ XXXXXX XXXXX NameJxxx X. Xxxxxxxxxxx Jxxx X. Xxxxxxxxxxx, President WARNING — BY SIGNING THIS PAPER YOU GIVE UP YOUR RIGHT TO NOTICE AND COURT TRIAL. IF YOU DO NOT PAY ON TIME A COURT JUDGMENT MAY BE TAKEN AGAINST YOU WITHOUT YOUR PRIOR KNOWLEDGE AND THE POWERS OF A COURT CAN BE USED TO COLLECT FROM YOU REGARDLESS OF ANY CLAIMS YOU MAY HAVE AGAINST THE CREDITOR WHETHER FOR RETURNED GOODS, FAULTY GOODS, FAILURE ON HIS PART TO COMPLY WITH THE AGREEMENT, OR ANY OTHER CAUSE. Fast Forward Solutions, LLC, an Ohio limited liability company By: XXXXXX XXXXX Title: C.F.O XXXXXXXXXX.XXX/s/ Jxxx X. Xxxxxxxxxxx Jxxx X. Xxxxxxxxxxx, INC.President WARNING — BY SIGNING THIS PAPER YOU GIVE UP YOUR RIGHT TO NOTICE AND COURT TRIAL. IF YOU DO NOT PAY ON TIME A COURT JUDGMENT MAY BE TAKEN AGAINST YOU WITHOUT YOUR PRIOR KNOWLEDGE AND THE POWERS OF A COURT CAN BE USED TO COLLECT FROM YOU REGARDLESS OF ANY CLAIMS YOU MAY HAVE AGAINST THE CREDITOR WHETHER FOR RETURNED GOODS, a New Jersey FAULTY GOODS, FAILURE ON HIS PART TO COMPLY WITH THE AGREEMENT, OR ANY OTHER CAUSE. txxxxxxxxx.xxx, inc. an Ohio corporation By: /s/ XXXXXX XXXXX Name: XXXXXX XXXXX Title: C.F.O Acknowledgment of Guarantors NUTREND AUTOMOTIVEJxxx X. Xxxxxxxxxxx Jxxx X. Xxxxxxxxxxx, INCPresident WARNING — BY SIGNING THIS PAPER YOU GIVE UP YOUR RIGHT TO NOTICE AND COURT TRIAL. IF YOU DO NOT PAY ON TIME A COURT JUDGMENT MAY BE TAKEN AGAINST YOU WITHOUT YOUR PRIOR KNOWLEDGE AND THE POWERS OF A COURT CAN BE USED TO COLLECT FROM YOU REGARDLESS OF ANY CLAIMS YOU MAY HAVE AGAINST THE CREDITOR WHETHER FOR RETURNED GOODS, FAULTY GOODS, FAILURE ON HIS PART TO COMPLY WITH THE AGREEMENT, OR ANY OTHER CAUSE., a Delaware corporation By: /s/ XXXXXX XXXXX Name: XXXXXX XXXXX Title: C.F.O TNOPC, INC., a Tennessee corporation By: /s/ XXXXXX XXXXX Name: XXXXXX XXXXX Title: C.F.O Acknowledgment of Guarantors

Appears in 1 contract

Samples: Fifth Change in Terms Agreement (Airnet Systems Inc)

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Acknowledgment of Guarantors. The undersigned (collectivelyGuarantors hereby acknowledge, the “Guarantors”) hereby acknowledge accept and agree to each of the amendments provisions of the foregoing Change in Terms and ratify and confirm that all of the provisions of the Loan Documents to which each such Guarantor is a party, including, without limitation, the Revolving Credit and Security Agreement (Subsidiary Guaranty, the “Credit Agreement) contained in Fast Forward Guaranty, the attached Second Amendment to Revolving Credit and Security Agreement and Consent (the “Amendment”)Timexpress Guaranty, acknowledge and reaffirm their respective obligations owing to the Agents as applicable, and the Lenders under their respective GuarantiesSecurity Agreements, and agree that their respective Guaranties are all obligations and liabilities of each such Guarantor in favor of Agent and/or the Lenders thereunder and otherwise, and all liens, security and other interests granted thereby, shall continue and remain in full force and effect with respect to the Obligations under the Credit Agreementeffect, as amended by the Amendment. Although the Guarantors have been informed irrespective of any provision of the matters set forth herein and have acknowledged and agreed to the sameabove Change in Terms, the Guarantors understand that neither Waiver, or any Agent nor any Lender has any obligation to inform other or future modification of the Guarantors Loan Documents or the terms of such matters in the future nor any obligation to seek the Guarantors' acknowledgement or agreement to future amendments to the Credit Agreementcredit extended, evidenced and nothing herein shall create such a dutysecured thereby. All capitalized terms used in this Acknowledgment of Guarantors without definition shall have the respective meanings set forth for such terms in the Credit AgreementGUARANTORS: Jetride, as amended by the Amendment. NEWEGG ENTERPRISES LLC.Inc., a Delaware limited liability an Ohio corporation By: /s/ XXXXXX XXXXX Name: XXXXXX XXXXX Title: C.F.O NEWEGG TECHXxxx X. Xxxxxxxxxxx Xxxx X. Xxxxxxxxxxx, INC.President WARNING – BY SIGNING THIS PAPER YOU GIVE UP YOUR RIGHT TO NOTICE AND COURT TRIAL. IF YOU DO NOT PAY ON TIME A COURT JUDGMENT MAY BE TAKEN AGAINST YOU WITHOUT YOUR PRIOR KNOWLEDGE AND THE POWERS OF A COURT CAN BE USED TO COLLECT FROM YOU REGARDLESS OF ANY CLAIMS YOU MAY HAVE AGAINST THE CREDITOR WHETHER FOR RETURNED GOODS, FAULTY GOODS, FAILURE ON HIS PART TO COMPLY WITH THE AGREEMENT, OR ANY OTHER CAUSE. Float Control, Inc., a Delaware Michigan corporation By: /s/ XXXXXX XXXXX Name: XXXXXX XXXXX Title: C.F.O XXXXXXXXXX.XXXXxxx X. Xxxxxxxxxxx Xxxx X. Xxxxxxxxxxx, INC.President WARNING – BY SIGNING THIS PAPER YOU GIVE UP YOUR RIGHT TO NOTICE AND COURT TRIAL. IF YOU DO NOT PAY ON TIME A COURT JUDGMENT MAY BE TAKEN AGAINST YOU WITHOUT YOUR PRIOR KNOWLEDGE AND THE POWERS OF A COURT CAN BE USED TO COLLECT FROM YOU REGARDLESS OF ANY CLAIMS YOU MAY HAVE AGAINST THE CREDITOR WHETHER FOR RETURNED GOODS, a New Jersey FAULTY GOODS, FAILURE ON HIS PART TO COMPLY WITH THE AGREEMENT, OR ANY OTHER CAUSE. AirNet Management, Inc., an Ohio corporation By: /s/ XXXXXX XXXXX NameXxxx X. Xxxxxxxxxxx Xxxx X. Xxxxxxxxxxx, President WARNING – BY SIGNING THIS PAPER YOU GIVE UP YOUR RIGHT TO NOTICE AND COURT TRIAL. IF YOU DO NOT PAY ON TIME A COURT JUDGMENT MAY BE TAKEN AGAINST YOU WITHOUT YOUR PRIOR KNOWLEDGE AND THE POWERS OF A COURT CAN BE USED TO COLLECT FROM YOU REGARDLESS OF ANY CLAIMS YOU MAY HAVE AGAINST THE CREDITOR WHETHER FOR RETURNED GOODS, FAULTY GOODS, FAILURE ON HIS PART TO COMPLY WITH THE AGREEMENT, OR ANY OTHER CAUSE. Fast Forward Solutions, LLC, an Ohio limited liability company By: XXXXXX XXXXX Title: C.F.O Acknowledgment of Guarantors NUTREND AUTOMOTIVE/s/ Xxxx X. Xxxxxxxxxxx Xxxx X. Xxxxxxxxxxx, INC.President WARNING – BY SIGNING THIS PAPER YOU GIVE UP YOUR RIGHT TO NOTICE AND COURT TRIAL. IF YOU DO NOT PAY ON TIME A COURT JUDGMENT MAY BE TAKEN AGAINST YOU WITHOUT YOUR PRIOR KNOWLEDGE AND THE POWERS OF A COURT CAN BE USED TO COLLECT FROM YOU REGARDLESS OF ANY CLAIMS YOU MAY HAVE AGAINST THE CREDITOR WHETHER FOR RETURNED GOODS, a Delaware FAULTY GOODS, FAILURE ON HIS PART TO COMPLY WITH THE AGREEMENT, OR ANY OTHER CAUSE. xxxxxxxxxx.xxx, inc. an Ohio corporation By: /s/ XXXXXX XXXXX Name: XXXXXX XXXXX Title: C.F.O TNOPCXxxx X. Xxxxxxxxxxx Xxxx X. Xxxxxxxxxxx, INC., a Tennessee corporation By: /s/ XXXXXX XXXXX Name: XXXXXX XXXXX Title: C.F.O Acknowledgment of GuarantorsPresident

Appears in 1 contract

Samples: Change in Terms Agreement (Airnet Systems Inc)

Acknowledgment of Guarantors. The undersigned (collectivelyGuarantors hereby acknowledge, the “Guarantors”) hereby acknowledge accept and agree to each of the amendments provisions of the foregoing Change in Terms and ratify and confirm that all of the provisions of the Loan Documents to which each such Guarantor is a party, including, without limitation, the Revolving Credit and Security Agreement (Subsidiary Guaranty, the “Credit Agreement) contained in Fast Forward Guaranty, the attached Second Amendment to Revolving Credit and Security Agreement and Consent (the “Amendment”)Timexpress Guaranty, acknowledge and reaffirm their respective obligations owing to the Agents as applicable, and the Lenders under their respective GuarantiesSecurity Agreements, and agree that their respective Guaranties are all obligations and liabilities of each such Guarantor in favor of Agent and/or the Lenders thereunder and otherwise, and all liens, security and other interests granted thereby, shall continue and remain in full force and effect with respect to the Obligations under the Credit Agreementeffect, as amended by the Amendment. Although the Guarantors have been informed irrespective of any provision of the matters set forth herein and have acknowledged and agreed to the sameabove Change in Terms, the Guarantors understand that neither Partial Release, or any Agent nor any Lender has any obligation to inform other or future modification of the Guarantors Loan Documents or the terms of such matters in the future nor any obligation to seek the Guarantors' acknowledgement or agreement to future amendments to the Credit Agreementcredit extended, evidenced and nothing herein shall create such a dutysecured thereby. All capitalized terms used in this Acknowledgment of Guarantors without definition shall have the respective meanings set forth for such terms in the Credit AgreementGUARANTORS: Jetride, as amended by the Amendment. NEWEGG ENTERPRISES LLC.Inc., a Delaware limited liability an Ohio corporation By: /s/ XXXXXX XXXXX Name: XXXXXX XXXXX Title: C.F.O NEWEGG TECHXxxx X. Xxxxxxxxxxx Xxxx X. Xxxxxxxxxxx, INC.President WARNING – BY SIGNING THIS PAPER YOU GIVE UP YOUR RIGHT TO NOTICE AND COURT TRIAL. IF YOU DO NOT PAY ON TIME A COURT JUDGMENT MAY BE TAKEN AGAINST YOU WITHOUT YOUR PRIOR KNOWLEDGE AND THE POWERS OF A COURT CAN BE USED TO COLLECT FROM YOU REGARDLESS OF ANY CLAIMS YOU MAY HAVE AGAINST THE CREDITOR WHETHER FOR RETURNED GOODS, FAULTY GOODS, FAILURE ON HIS PART TO COMPLY WITH THE AGREEMENT, OR ANY OTHER CAUSE. Float Control, Inc., a Delaware Michigan corporation By: /s/ XXXXXX XXXXX Name: XXXXXX XXXXX Title: C.F.O XXXXXXXXXX.XXXXxxx X. Xxxxxxxxxxx Xxxx X. Xxxxxxxxxxx, INC.President WARNING – BY SIGNING THIS PAPER YOU GIVE UP YOUR RIGHT TO NOTICE AND COURT TRIAL. IF YOU DO NOT PAY ON TIME A COURT JUDGMENT MAY BE TAKEN AGAINST YOU WITHOUT YOUR PRIOR KNOWLEDGE AND THE POWERS OF A COURT CAN BE USED TO COLLECT FROM YOU REGARDLESS OF ANY CLAIMS YOU MAY HAVE AGAINST THE CREDITOR WHETHER FOR RETURNED GOODS, a New Jersey FAULTY GOODS, FAILURE ON HIS PART TO COMPLY WITH THE AGREEMENT, OR ANY OTHER CAUSE. AirNet Management, Inc., an Ohio corporation By: /s/ XXXXXX XXXXX NameXxxx X. Xxxxxxxxxxx Xxxx X. Xxxxxxxxxxx, President WARNING – BY SIGNING THIS PAPER YOU GIVE UP YOUR RIGHT TO NOTICE AND COURT TRIAL. IF YOU DO NOT PAY ON TIME A COURT JUDGMENT MAY BE TAKEN AGAINST YOU WITHOUT YOUR PRIOR KNOWLEDGE AND THE POWERS OF A COURT CAN BE USED TO COLLECT FROM YOU REGARDLESS OF ANY CLAIMS YOU MAY HAVE AGAINST THE CREDITOR WHETHER FOR RETURNED GOODS, FAULTY GOODS, FAILURE ON HIS PART TO COMPLY WITH THE AGREEMENT, OR ANY OTHER CAUSE. Fast Forward Solutions, LLC, an Ohio limited liability company By: XXXXXX XXXXX Title: C.F.O Acknowledgment of Guarantors NUTREND AUTOMOTIVE/s/ Xxxx Xxxxxxxx Xxxx Xxxxxxxx, INC.Vice President WARNING – BY SIGNING THIS PAPER YOU GIVE UP YOUR RIGHT TO NOTICE AND COURT TRIAL. IF YOU DO NOT PAY ON TIME A COURT JUDGMENT MAY BE TAKEN AGAINST YOU WITHOUT YOUR PRIOR KNOWLEDGE AND THE POWERS OF A COURT CAN BE USED TO COLLECT FROM YOU REGARDLESS OF ANY CLAIMS YOU MAY HAVE AGAINST THE CREDITOR WHETHER FOR RETURNED GOODS, a Delaware FAULTY GOODS, FAILURE ON HIS PART TO COMPLY WITH THE AGREEMENT, OR ANY OTHER CAUSE. xxxxxxxxxx.xxx, inc. an Ohio corporation By: /s/ XXXXXX XXXXX Name: XXXXXX XXXXX Title: C.F.O TNOPCXxxx X. Xxxxxxxxxxx Xxxx X. Xxxxxxxxxxx, INCPresident WARNING – BY SIGNING THIS PAPER YOU GIVE UP YOUR RIGHT TO NOTICE AND COURT TRIAL. IF YOU DO NOT PAY ON TIME A COURT JUDGMENT MAY BE TAKEN AGAINST YOU WITHOUT YOUR PRIOR KNOWLEDGE AND THE POWERS OF A COURT CAN BE USED TO COLLECT FROM YOU REGARDLESS OF ANY CLAIMS YOU MAY HAVE AGAINST THE CREDITOR WHETHER FOR RETURNED GOODS, FAULTY GOODS, FAILURE ON HIS PART TO COMPLY WITH THE AGREEMENT, OR ANY OTHER CAUSE., a Tennessee corporation By: /s/ XXXXXX XXXXX Name: XXXXXX XXXXX Title: C.F.O Acknowledgment of Guarantors

Appears in 1 contract

Samples: Second Change in Terms Agreement (Airnet Systems Inc)

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