Reaffirmation of Guaranty by Ronson Aviation, Inc. Related to Corporate Guaranty and Security Agreement

Contract Categories: Business Finance › Guaranty Agreements
Summary

Ronson Aviation, Inc., as guarantor, confirms and agrees to continue guaranteeing the obligations of the borrower to the lender under a previous Corporate Guaranty and Security Agreement dated July 8, 1997. By signing this reaffirmation, Ronson Aviation, Inc. acknowledges the recent amendment to the agreement and states that all its promises and guarantees remain valid and enforceable.

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EX-10.C 4 ex10-c.txt Page 8 of 14 Exhibit 10.c REAFFIRMATION OF GUARANTY ------------------------- The undersigned guarantor of the Obligations of the Borrower to the Lender pursuant to a Corporate Guaranty and Security Agreement dated July 8, 1997 ("Guaranty") does hereby acknowledge and consent to the transaction contemplated by the Amendment and reaffirms the covenants, representations and warranties in the Guaranty are absolute, unconditional and in full force and effect. WITNESS: RONSON AVIATION, INC. By: By: ------------------------------ ------------------------------------- Louis V. Aronson, II President and Chief Executive Officer