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JOINT ACKNOWLEDGEMENT OF GUARANTY

Guarantee Agreement

JOINT ACKNOWLEDGEMENT OF GUARANTY | Document Parties: YOUNG INNOVATIONS INC | 2720 Corporate Parkway LLC | SAV-A-LIFE, LLC You are currently viewing:
This Guarantee Agreement involves

YOUNG INNOVATIONS INC | 2720 Corporate Parkway LLC | SAV-A-LIFE, LLC

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Title: JOINT ACKNOWLEDGEMENT OF GUARANTY
Date: 5/28/2009
Industry: Medical Equipment and Supplies     Sector: Healthcare

JOINT ACKNOWLEDGEMENT OF GUARANTY, Parties: young innovations inc , 2720 corporate parkway llc , sav-a-life  llc
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JOINT ACKNOWLEDGEMENT OF GUARANTY

 

This Joint Acknowledgement of Guaranty (this “Agreement”), effective as of May 21, 2009, is being delivered by each of the undersigned (each a “Guarantor”) in connection with that certain Amendment No. 2 to Amended and Restated Credit Facilities Agreement (the “Amendment”) between Young Innovations, Inc. ("Borrower"), Bank of America, N.A., as Administrative Agent (“Beneficiary”) and the Lenders party thereto, and effective as of the same date this Agreement is effective. By executing this Agreement:

 

(i) each Guarantor other than 2720 Corporate Parkway LLC and SAV-A-LIFE, LLC, acknowledges, ratifies and confirms such Guarantor’s existing Amended and Restated Unlimited Guaranty that was effective as of November 28, 2006 (a “Guaranty”) which such Guarantor executed in favor of Beneficiary;

 

(ii) 2720 Corporate Parkway LLC acknowledges, ratifies and confirms such Guarantor’s existing Unlimited Guaranty and Joinder to Contribution and Subordination Agreement that was effective as of October 1, 2007 (also, a “Guaranty”) which such Guarantor executed in favor of Beneficiary;

 

(iii) SAV-A-LIFE, LLC acknowledges, ratifies and confirms such Guarantor’s existing Unlimited Guaranty and Joinder to Contribution and Subordination Agreement that was effective as of December 31, 2007 (also, a “Guaranty”) which such Guarantor executed in favor of Beneficiary;

 

(iv) each Guarantor acknowledges receipt of a copy of and hereby consents to the Amendment and hereby ratifies any other previous amendments, extensions or other modifications of any document modified by or described in the Amendment;

 

(v) each Guarantor acknowledges and agrees that, its Guaranty remains unimpaired and continues in ful


 
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