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SIXTH AMENDMENT TO GUARANTY AGREEMENT
THIS SIXTH AMENDMENT TO GUARANTY AGREEMENT (the "Sixth Amendment"),
dated as of November 17, 1997, is made by and between
CONSO PRODUCTS COMPANY, a corporation organized and existing under the
laws of the State of South Carolina (the "Guarantor"); and
NATIONSBANK, N.A., a national banking association organized and
existing under the laws of the United States (the "Bank").
RECITALS:
A. The Guarantor entered into that certain Guaranty Agreement, dated
May 6, 1994, as amended (the "Guaranty Agreement").
B. The Guarantor and the Bank have agreed to modify and amend the
Guaranty Agreement as set forth herein.
NOW THEREFORE, the parties hereto agree as follows:
1. The Guaranty Agreement is hereby amended as follows:
(a) Recital 1 is amended in its entirety so that such Recital
now reads as follows:
1. The Bank has agreed to make loans (the "Loans") to
the Borrower pursuant to the terms and conditions of that
certain Promissory Note, dated November 17, 1997, executed by
the Borrower in favor of the Bank in the original principal
amount of up to (pound)6,500,000 (the "Note").
2. Except as hereby modified, all the terms and provisions of the
Guaranty Agreement remain in full force and effect.
3. The Guarantor will execute such additional documents as are
reasonably requested by the Bank to reflect the terms and conditions of this
Sixth Amendment and will cause to be delivered such certificates, legal opinions
and other documents as are reasonably required by the Bank.
4. This Sixth Amendment may be executed in any number of counterparts,
each of which when so executed and delivered shall be deemed an original, and it
shall not be necessary in making proof of this Sixth Amendment to produce or
account for more than one counterpart.
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5. This Sixth Amendment and all other documents executed pursuant to
the transactions contemplated herein shall be deemed to be contracts made under,
and for all purposes shall be construed in accordance with, the internal laws
and judicial decisions of the State of North Carolina.
IN WITNESS WHEREOF, the parties hereto have caused this Sixth Amendment
to be executed by their fully authorized officers as of the day and year first
above written.
CONSO PRODUCTS COMPANY
ATTEST:
By By
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Title Title
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(Corporate Seal)
NATIONSBANK, N.A.
By
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▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇,
Senior Vice President
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