Common use of Ratification of Guaranties Clause in Contracts

Ratification of Guaranties. The Guarantors agree that that certain Business Loan Continuing Guaranty, dated May 16, 1995 (the "Guaranty"), executed by the Guarantors in favor of the Bank, shall remain in full force and effect and shall continue to be the legal, valid and binding obligation of the Guarantors enforceable against Guarantors in accordance with its terms. Furthermore, the Guarantors hereby agree and acknowledge that (a) the obligations, indebtedness and liabilities arising in connection with the Credit Agreement as amended by this Amendment constitute "Debt," as such term is defined in the Guaranty, (b) as of the date hereof, the Guaranty is not subject to any claims, defenses or offsets, (c) nothing contained in the Credit Agreement or this Amendment shall adversely affect any right or remedy of Bank under the Guaranty, and (d) the execution and delivery of this Amendment shall in no way reduce, impair or discharge any obligations of the Guarantors pursuant to the Guaranty.

Ratification of Guaranties. The Guarantors agree that that certain -------------------------- Business Loan Continuing Guaranty, dated May 16, 1995 (the "Guaranty"), executed -------- by the Guarantors in favor of the Bank, shall remain in full force and effect and shall continue to be the legal, valid and binding obligation of the Guarantors enforceable against Guarantors in accordance with its terms. Furthermore, the Guarantors hereby agree and acknowledge that (a) the obligations, indebtedness and liabilities arising in connection with the Credit this Agreement as amended by this Amendment constitute "Debt," as such term is defined in the Guaranty, (b) as of the date hereof, the Guaranty is not subject to any claims, defenses or offsets, (c) nothing contained in the Credit this Agreement or this Amendment shall adversely affect any right or remedy of Bank under the Guaranty, and (d) the execution and delivery of this Amendment the Agreement shall in no way reduce, impair or discharge any obligations of the Guarantors pursuant to the Guaranty.

Ratification of Guaranties. The Guarantors agree that that --------------------------- certain Business Loan Continuing Guaranty, dated May 16, 1995 (the "Guaranty"), -------- executed by the Guarantors in favor of the Bank, shall remain in full force and effect and shall continue to be the legal, valid and binding obligation of the Guarantors enforceable against Guarantors in accordance with its terms. Furthermore, the Guarantors hereby agree and acknowledge that (a) the obligations, indebtedness and liabilities arising in connection with the Credit this Agreement as amended by this Amendment constitute "Debt," as such term is defined in the Guaranty, (b) as of the date hereof, the Guaranty is not subject to any claims, defenses or offsets, (c) nothing contained in the Credit this Agreement or this Amendment shall adversely affect any right or remedy of Bank under the Guaranty, and (d) the execution and delivery of this Amendment the Agreement shall in no way reduce, impair or discharge any obligations of the Guarantors pursuant to the Guaranty.