Exhibit 99.4
REAFFIRMATION
OF GUARANTIES
-------------
May 16, 2002
Bank of America, N.A., as Administrative Agent
231 South LaSalle Street
Chicago, Illinois 60697
Re: Reaffirmation of Guaranties
Ladies and Gentlemen:
Each of the undersigned refers to its Guaranty delivered in connection with
(i) the Amended and Restated Multicurrency Credit Agreement (as amended, the
"Credit Agreement"), dated as of May 15, 2001, among APW, Ltd. (the "Borrower"),
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various financial institutions (the "Banks"), Bank One, NA, as Syndication
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Agent, The Chase Manhattan Bank, as Documentation Agent and Bank of America,
N.A. as Administrative Agent or (ii) the U.K. Facility (as defined in the Credit
Agreement). Capitalized terms not otherwise defined herein will have the
meanings given in the Credit Agreement.
Each of the undersigned hereby confirms that each Guaranty to which such
undersigned is a party remains in full force and effect as of the date hereof.
This letter agreement is the reaffirmation of Guaranties referred to in
Section 9.1 of the Post-Petition Multicurrency Superpriority Credit Agreement,
dated as of May 16, 2002 among the Borrower, various financial institutions,
Bank of America, National Association, as Post-Petition Agent and U.S.
Collateral Agent, Royal Bank of Scotland, PLC, as Lead Arranger, Book Manager,
and U.K. Collateral Agent and Oaktree Capital Management, LLC, as Lead Arranger
and Book Manager.
This letter agreement may be signed in counterparts and by the various
parties as herein on separate counterparts. This letter agreement shall be
governed by the laws of the State of Illinois applicable to contracts made and
to be performed entirely within such State.
[SIGNATURES TO FOLLOW]
Delivered in Chicago, Illinois as of the day and year first above written.
APW LTD.
By: /s/ Michael Gasick
------------------------------
name:
Title:
AIR CARGO EQUIPMENT (UK) LIMITED
By: /s/ S. Kirby
------------------------------
Name:
Title:
APPLIED POWER LIMITED
By: /s/ S. Kirby
------------------------------
Name:
Title:
APW CASES EUROPE LTD. (fka Zero Cases
Europe Ltd.)
By: /s/ S. Kirby
------------------------------
Name:
Title:
APW DO BRASIL, LTDA.
By: /s/ Chistopher John Freeland
------------------------------
Name: Christopher John Freeland
Title: Site Leader
APW ELECTRONICS GROUP PLC
By: /s/ S. Kirby
--------------------------------
Name:
Title:
APW ELECTRONICS GMBH
By: /s/ Jan DeKoning
--------------------------------
Name: Jan DeKoning
Title: Director
APW ELECTRONICS LIMITED
By: /s/ S. Kirby
--------------------------------
Name:
Title:
APW ELECTRONICS OVERSEAS
INVESTMENTS LIMITED
By: /s/ S. Kirby
--------------------------------
Name:
Title:
APW ENCLOSURE PRODUCTS AND
SYSTEMS LIMITED
By: /s/ S. Kirby
--------------------------------
Name:
Title:
APW ENCLOSURE SYSTEMS (UK)
LIMITED
By: /s/ S. Kirby
--------------------------------
Name:
Title:
APW ENCLOSURE SYSTEMS HOLDING,
INC.
By: /s/ Michael Gasick
--------------------------------
Name:
Title:
APW ENCLOSURE SYSTEMS HOLDINGS,
LTD.
By: /s/ S. Kirby
--------------------------------
Name:
Title:
APW ENCLOSURES SYSTEMS, LP by
APW Enclosure Systems Holding, Inc., its
General Partner
By: /s/ Michael Gasick
--------------------------------
Name:
Title:
APW ENCLOSURE SYSTEMS PLC
By: /s/ S. Kirby
--------------------------------
Name:
Title:
APW ENCLOSURE SYSTEMS, INC.
By: /s/ Michael Gasick
--------------------------------
Name:
Title:
APW ENCLOSURES (DUBLIN) LIMITED
By: /s/ S. Kirby
--------------------------------
Name:
Title:
APW ENCLOSURES LIMITED
By: /s/ S. Kirby
--------------------------------
Name:
Title:
APW FINANCE LIMITED
By: /s/
--------------------------------
Name:
Title:
APW GALWAY LIMITED
By: /s/ S. Kirby
--------------------------------
Name:
Title:
APW HOLDING B.V.
By: /s/ S. Kirby
--------------------------------
Name:
Title:
APW HOLDINGS (EUROPE) LTD.
By: /s/ S. Kirby
--------------------------------
Name:
Title:
APW HOLDINGS (UK) LTD.
By: /s/ S. Kirby
--------------------------------
Name:
Title:
APW INVESTMENTS UK LIMITED
By: /s/ S. Kirby
--------------------------------
Name:
Title:
APW MAYVILLE LLC
By: /s/ Michael Gasick
--------------------------------
Name:
Title:
APW MAYVILLE LTD
By: /s/ Michael Gasick
--------------------------------
Name:
Title:
APW NETHERLANDS B.V.
By: /s/ S. Kirby
--------------------------------
Name:
Title:
APW NEW FOREST LIMITED
By: /s/ S. Kirby
---------------------------
Name:
Title:
APW NORTH AMERICA INC.
By: /s/ Michael Gasick
---------------------------
Name:
Title:
APW POWER SUPPLIES AS
By: /s/ Eliot Swan
---------------------------
Name:
Title:
APW POWER SUPPLIES LTD.
By: /s/ S. Kirby
---------------------------
Name:
Title:
APW PRODUCTS AND SYSTEMS B.V.
By: /s/ S. Kirby
---------------------------
Name:
Title:
APW WRIGHT LINE LLC
By: /s/ Michael Gasick
---------------------------
Name:
Title:
APW-ERIE, INC.
By: /s/ Michael Gasick
---------------------------
Name:
Title:
ASPEN MOTION TECHNOLOGIES INC.
By: /s/ Michael Gasick
---------------------------
Name:
Title:
BEELEY WOOD HOLDINGS LTD
By: /s/ S. Kirby
---------------------------
Name:
Title:
C FAB DEVELOPMENT LTD.
By: /s/ S. Kirby
---------------------------
Name:
Title:
CIPRESMAD CONSULTORES E
SERVICOS, LTD.
By: /s/ Howard T. Lederman
---------------------------
Name:
Title:
CIPRESMAD HUNGARY GROUP
FINANCING LLC
By: /s/ Howard T. Lederman
---------------------------
Name:
Title:
EDER INDUSTRIES INC.
By: /s/ Michael Gasick
---------------------------
Name:
Title:
ELECTRONIC SOLUTIONS
By: /s/ Michael Gasick
---------------------------
Name:
Title:
ELECTRONICS PACKAGING LTD
By: /s/ S. Kirby
---------------------------
Name:
Title:
HIGH SPEED PRODUCTION (HOLDINGS)
LTD
By: /s/ S. Kirby
---------------------------
Name:
Title:
HOERMANN ELECTRONICS LIMITED
By: /s/ S. Kirby
------------------------
Name:
Title:
HOERMANN SECURITY SYSTEMS LTD.
By: /s/ S. Kirby
------------------------
Name:
Title:
HSP SHEFFIELD LTD
By: /s/ S. Kirby
------------------------
Name:
Title:
HSP STRATHCLYDE LTD
By: /s/ S. Kirby
------------------------
Name:
Title:
IMHOF-BEDCO LTD
By: /s/ S. Kirby
------------------------
Name:
Title:
IMHOF-BEDCO SPECIAL PRODUCTS LTD
By: /s/ S. Kirby
------------------------
Name:
Title:
IMHOF-BEDCO STANDARD PRODUCTS LTD
By: /s/ S. Kirby
------------------------
Name:
Title:
INNOVATIVE METAL FABRICATION,
INC.
By: /s/ Michael Gasick
------------------------
Name:
Title:
J HIGGINS MANUFACTURING
(IRELAND) LTD.
By: /s/ S. Kirby
------------------------
Name:
Title:
MCLEAN MIDWEST CORPORATION
By: /s/ Michael Gasick
------------------------
Name:
Title:
MCLEAN WEST INC.
By: /s/ Michael Gasick
------------------------
Name:
Title:
PRECISION FABRICATION
TECHNOLOGIES INC.
By: /s/ Michael Gasick
------------------------
Name:
Title:
RUBICON FINANCE LIMITED
By: /s/ S. Kirby
------------------------
Name:
Title:
TOWERFLAME LIMITED
By: /s/ S. Kirby
------------------------
Name:
Title:
VERO CIRCUITBOARDS LTD
By: /s/ S. Kirby
------------------------
Name:
Title:
VERO CONNECTORS LTD
By: /s/ S. Kirby
------------------------
Name:
Title:
VERO ELECTRONICS (EXPORTS) LTD
By: /s/ S. Kirby
------------------------
Name:
Title:
VERO ELECTRONICS, INC.
By: /s/ Michael Gasick
------------------------
Name:
Title:
WRIGHT LINE EUROPE B.V.
By: /s/ Jan DeKoning
------------------------
Name: Jan DeKoning
Title: Director
WRIGHT LINE LIMITED
By: /s/ S. Kirby
------------------------
Name:
Title:
ZERO-EAST DIVISION, ZERO
CORPORATION
By: /s/ Michael Gasick
------------------------
Name:
Title:
Agreed to and Acknowledged by
BANK OF AMERICA, NATIONAL
ASSOCIATION, as Administrative Agent
By: M. Duncan McDuffie
---------------------------
Name: M. Duncan McDuffie
Title: Managing Director