Management Agreement Dated As of November 3, 1998

EXHIBIT 10.3


[LETTERHEAD OF NATIONS BANK]


December 11, 1998


Anvil Knitwear, Inc. 228 East 45th Street New York, New York 10017 Attn: Jacob Hollander


Re: Amended and Restated Credit Agreement, dated as of March 14, 1997,
among Anvil Knitwear, Inc. (the "Borrower"), the Guarantors party thereto,
the Banks party thereto (the "Banks"), and NationsBank, NA. as agent for
the Banks thereunder (in such capacity, the "Agent") (as amended, modified
or supplemented from time to time, the "Credit Agreement")


Ladies and Gentlemen:


Reference is made to the Credit Agreement described above, the defined terms of which are incorporated herein by reference.


At your request and subject to the terms and conditions set forth below, we hereby agree, as Agent under the Credit Agreement and on behalf and with the consent of the Required Banks, to waive the requirement that the Borrower comply with the covenants set forth in Section 6.11 of the Credit Agreement for the fiscal quarter ended on October 31, 1998.


In consideration of this waiver, the Borrower agrees that:


(A) Until further written notice is delivered to the Borrower from the
Required Banks:


(i) the definition of Borrowing Base shall be amended to read as
follows:


"Borrowing Base" means, as of any day, the sum of (i) 85% of
Eligible Receivables plus (ii) 60% of Eligible Raw Materials plus
(iii) 50% of Eligible Finished Goods Inventory, in each case as set
forth in the most recent Borrowing Bas ...