EX-10.17
from S-1
11 pages
A. Pursuant to That Interactive Health LLC Credit Agreement Dated as of December 30, 2003 (As Amended or Otherwise Modified From Time to Time, the “Credit Agreement”) by and Among Interactive Health LLC, a Delaware Limited Liability Company (“Company”) and Comerica Bank (“Bank”), the Bank Has Agreed to Extend Credit to the Company on the Terms Set Forth in the Credit Agreement, With Such Credit Consisting of (I) the Revolving Credit in an Aggregate Amount, Subject to the Terms of the Credit Agreement, Not to Exceed Twenty Million Dollars ($20,000,000) at Any One Time Outstanding, (II) as Part of the Revolving Credit, a Facility for the Issuance of Letter(s) of Credit (“Letter(s) of Credit”) for the Account of the Company Pursuant to Section 4 of the Credit Agreement, and (III) as Part of the Revolving Credit, a Facility for the Creation and Discounting of Bankers Acceptances (“Acceptances”) Pursuant to Section 4 of the Credit Agreement. B. as a Condition to Entering Into and Performing Their Respective Obligations Under the Credit Agreement, the Bank Has Required That Each of the Guarantors Deliver This Guaranty to the Bank. C. Each of the Guarantors Desires to See the Success of the Company and Furthermore, Each of the Guarantors Shall Receive Direct and/or Indirect Benefits From Extensions of Credit Made or to Be Made Pursuant to the Credit Agreement to the Company
12/34/56
