EX-10.12
from 8-K
2 pages
For Good and Valuable Consideration, the Receipt and Sufficiency of Which Are Hereby Acknowledged, and in Consideration of Any and All Loans, Advances, Extensions of Credit, Equipment Financing and Equipment Leases Now or Hereafter Made or Extended by Citizens Leasing Corporation, a Rhode Island Corporation With Its Offices at One Citizens Plaza, Providence, Rhode Island 02903 To, for the Account of or on Behalf of J. Jill, LLC (Hereinafter Called the “Obligor”), and as an Inducement for Citizens Leasing Corporation to Make Future Loans, Advances and Extensions of Credit To, and to Enter Into Future Equipment Financing and Equipment Leases With Obligor, the Undersigned (Hereinafter Called the “Guarantors”), Hereby Jointly and Severally, Unconditionally and Absolutely, Guarantee to Citizens Leasing Corporation, Citizens Bank of Massachusetts, and Any of Their Affiliates (Collectively “Clc”) the Full and Prompt Payment and Performance by Obligor of All Obligations Which Obligor Now or Hereafter May Have to Clc Under the Master Security Agreement Dated as of December 23, 1998 and the Promissory Notes Now or Hereafter Issued Pursuant to Such Agreement (The “Agreements”) and the Full and Prompt Payment When Due of All Rentals, Principal, Interest, Charges and All Other Sums Which Obligor May Now or Hereafter Owe to Clc, Arising Under the Agreements, Howsoever Evidenced, Whether Secured or Unsecured, and Hereby Jointly and Severally Agree to Indemnify Clc Against Any Losses Clc May Sustain and Any Expenses It May Incur as a Result of Any Default by Obligor Under the Agreements, or as a Result of the Occurrence of Any Default Under or as Defined in the Agreements and/or as the Result of the Enforcement or Attempted Enforcement by Clc of Any of Its Rights Against the Guarantors Hereunder
12/34/56
