Looking for an agreement? Search from over 1 million agreements now.
Home > Guarantees/Joinder Agreements > Agreement Preview

Joinder Agreement

This is an actual contract by American Restaurant Group.

Save time and money with our Premium Packages.
Buy all (8) recommended agreements for
$140.00 (50% savings)
Agreement Preview
Sectors: Retail
Governing Law: Delaware, View Delaware State Laws
Effective Date: June 28, 2000
Related Agreement Types:
Search This Document
EXHIBIT 10.5


JOINDER AGREEMENT


Dated as of June 28, 2000


Fleet National Bank (formerly known as BankBoston, N.A.), as Agent and the Banks referred to below 100 Federal Street Boston, Massachusetts 02110


Ladies and Gentlemen:


Reference is hereby made to that certain Revolving Credit Agreement dated as of February 25, 1998 (as amended and in effect from time to time, the "Credit Agreement"), by and among American Restaurant Group, Inc. ("ARG"), ARG Enterprises, Inc. ("Enterprises"), ARG Property Management Corporation ("Property"), Grandy, Inc. ("Grandy's"), Spectrum Foods, Inc. ("Spectrum"), Spoons Restaurants, Inc. ("Spoons") and Local Favorites, Inc. ("Local", and together with ARG, Enterprises, Property, Grandy's Spectrum and Spoons, the "Original Borrowers"), Fleet National Bank (f/k/a BankBoston, N.A.) and the other lending institutions party thereto collectively (the "Banks"), and Fleet National Bank (f/k/a BankBoston, N.A.) as administrative agent for the Banks (the "Agent"). All capitalized terms used herein without definitions shall have the meanings given such terms in the Credit Agreement.


WHEREAS, it is a condition precedent to the Banks' making any additional loans or otherwise extending credit to the Borrowers under the Credit Agreement that the New Company (as hereinafter defined) execute and deliver to the Agent, this Joinder Agreement; and


NOW THEREFORE, the New Company, hereby agrees as follows:


1. JOINDER TO CREDIT AGREEMENT AND LOAN DOCUMENTS.


The undersigned, ARG Terra, Inc., a Delaware corporation (the "New Company" and, together with the Original Borrowers, the "Borrowers"), hereby joins the Credit Agreement and the Loan Documents and agrees to become a Borrower under the Credit Agreement and to comply with and be bound by all of the terms, conditions and covenants of the Credit Agreement and Loan Documents. Without limiting the generality of the preceding sentence, the New Company agrees that it shall be jointly and severally liable, together with the Borrowers, for the payment and performance of all obligations of the Borrowers under the Credit Agreement as supplemented hereby. Concurrently with the execution of this Joinder Agreement, the New Company has executed an allonge to the Note, and agrees to be bound thereby as if it had been a party to the Note from the Closing Date.


-2-


2. NEW COMPANY'S REPRESENTATIONS AND WARRANTIES.


The New Company hereby acknow
-- End of Preview --
Home| About Us| FAQ| Subscription | Contact Us |

Privacy Policy   Terms of Service  54.92.148.165