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                                                                     EXHIBIT 4.7

NATIONAL CITY

                                           NATIONAL CITY BANK
                                           CANADA BRANCH
                                           THE EXCHANGE TOWER
                                           130 KING STREET WEST, SUITE 2140
                                           P.O. BOX 462
                                           TORONTO, ONTARIO M5X 1E4
                                           (416) 361-1744  FAX (416) 361-0085

                                           JANUARY 15, 2003

GOLDEN BRAND CLOTHING (CANADA) LTD.
44 CHIPMAN HILL,
10TH FLOOR
SAINT JOHN, NB

DEAR SIRS:

We are pleased to advise that National City Bank, Canada Branch (the LENDER) is
prepared to provide a credit facility to you, subject to the following terms and
conditions.

BORROWER:                  Golden  Brand Clothing (Canada) Ltd.

CREDIT
FACILITIES:                Facility 1: Uncommitted revolving credit facility
                           up to Canadian Dollars Ten Million (CDN $ 10,000,000)
                           (or the equivalent amount in US Dollars) by way of
                           Letters of Credit.

PURPOSE:                   Facility 1: To support the ongoing issuance of import
                           Letters of Credit (with maturities of up to 180
                           days); and the one-time issuance of a Stand-By Letter
                           of Credit up to Canadian Dollars Six Million (CDN $
                           6,000,000) (with maturity of up to 150 days) (or the
                           equivalent amount in US Dollars) to support
                           outstanding import Letters of Credit issued by Bank
                           of America; with the aggregate not to exceed Canadian
                           Dollars Ten Million (CDN $ 10,000,000) (or the
                           equivalent amount in US Dollars).

TERM AND
MATURITY:                  Facility 1: On demand.

AVAILABILITY
AND INTEREST
RATES:                     Facility 1: In Canadian dollars by way of Letters
                           of Credit for a term of up to 364 days at the L/C
                           Usage Fee Rate.

                           In US dollars by way of Letters of Credit for a term
                           of up to 364

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GOLDEN BRAND CLOTHING (CANADA) LTD.
JANUARY 15, 2003

                           days at the L/C Usage Fee Rate.

                           Interest on the Stand-By Letter of Credit shall be
                           levied at the rate of 175 basis points per annum.

USAGE FEE:                 Facility 1: Usage Fee of 35 basis points per annum
                           on the average facility usage will be payable
                           quarterly in arrears on the first business day
                           following each quarter, commencing April 1, 2003.

SECURITY:                  Facility 1:

                           Guarantee of The Men's Wearhouse, Inc. for full
                           liability.

CONDITIONS
PRECEDENT:                 (a)      The Borrower shall have obtained all
                                    requisite consents, approvals, orders and
                                    rulings required for the execution, delivery
                                    and performance by the Borrower of its
                                    obligations under this Agreement;

                           (b)      The security to be delivered at closing
                                    shall have been executed and delivered;

                           (c)      There shall be no material adverse change in
                                    the financial condition, operations, assets
                                    or properties of the Borrower as of closing.

COVENANTS:                 (a)      Use of Proceeds. The Borrower shall use the
                                    Letters of Credit hereunder for the purpose
                                    provided under the Purpose heading and in
                                    the ordinary course of the Borrower's
                                    business.

                           (b)      Compliance with Legislation. The Borrower
                                    shall comply with all applicable laws,
                                    rules, regulations or court orders in all
                                    material respects, other than any failure to
                                    be in compliance that could not reasonably
                                    be expected to result in a material adverse
                                    effect to the Borrower.

                           (c)      Material Litigation. The Borrower shall
                                    promptly give written notice to the Lender
                                    of any commencement of litigation, legal,
                                    administrative, or arbitration proceeding or
                                    dispute affecting the Borrower or any of its
                                    subsidiaries if the result might, in the
                                    Borrower's bona fide opinion, have a
                                    materially adverse effect on the financial
                                    condition or operations of the Borrower or
                                    any of its subsidiaries, and from time to
                                    time furnish to the Lender all reasonable
                                    information requested by the Lender
                                    concerning the

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GOLDEN BRAND CLOTHING (CANADA) LTD.
JANUARY 15, 2003

                                    status of any such litigation, proceeding or
                                    dispute; provided that such notice or
                                    request for information does not require a
                                    waiver of the attorney-client privilege.

REPRESENTATIONS
AND WARRANTIES:            (a)      Corporate Status. The Borrower is a
                                    corporation duly incorporated and validly
                                    existing under the laws of ? New Brunswick
                                    and has all necessary corporate power and
                                    authority to own its respective properties
                                    and carry on its respective business as
                                    presently carried on and is duly licensed,
                                    registered or qualified in all jurisdictions
                                    where the character of its property owned or
                                    leased or the nature of the activities
                                    conducted by it makes such licensing,
                                    registration or qualification necessary and
                                    where failure to be so qualified would have
                                    a material adverse effect on the financial
                                    condition or operations of the Borrower.

                           (b)      Corporate Authority. The Borrower has full
                                    corporate power and authority to enter into
                                    this Agreement and the documents
                                    contemplated hereunder and to do all acts
                                    and execute and deliver all other documents
                                    as are required hereunder or thereunder to
                                    be done, observed or performed by it in
                                    accordance with their terms.

                           (c)      Valid Authorization. The Borrower has taken
                                    all necessary corporate action to authorize
                                    the creation, execution, delivery and
                                    performance of this Agreement and the
                                    documents contemplated hereunder and to
                                    observe and perform the provisions of each
                                    in accordance with its terms.

                           (d)      Validity of Documents and Enforceability.
                                    This Agreement when executed and delivered
                                    will constitute valid and legally binding
                                    obligations of the Borrower enforceable
                                    against it in accordance with its respective
                                    terms subject to applicable federal, state,
                                    provincial or foreign liquidation,
                                    dissolution, winding-up, conservatorship,
                                    moratorium, receivership, reorganization,
                                    bankruptcy, insolvency and other laws of
                                    general application limiting the
                                    enforceability of creditors' rights and to
                                    the fact that specific performance is an
                                    equitable remedy available only in the
                                    discretion of the court. Neither the
                                    execution and delivery of this Agreement nor
                                    compliance with the terms and conditions of
                                    it, (i) has resulted or will result in a
                                    violation of the articles or the by-laws of
                                    the Borrower or any resolutions passed by
                                    the Board of Directors or shareholders of
                                    the Borrower or any applicable law, rule,
                                    regulation, order, judgment, injunction,
                                    award or decree, (ii) has resulted or will
                                    result in a breach of, or constitute a
                                    default

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GOLDEN BRAND CLOTHING (CANADA) LTD.
JANUARY 15, 2003

                                    under, any material agreement to which the
                                    Borrower is a party or by which it is bound
                                    or (iii) requires any approval or consent of
                                    any governmental authority or agency having
                                    jurisdiction over the Borrower except such
                                    as has already been obtained.

                           (e)      Non-Default. As of closing date/the date of
                                    application for a letter of credit, no Event
                                    of Default as hereinafter defined has
                                    occurred and no event has occurred which
                                    constitutes or which, with the giving of
                                    notice, lapse of time or otherwise would
                                    constitute an Event of Default, and, in each
                                    case, is continuing.

                           (f)      Absence of Litigation. There are no actions,
                                    suits or proceedings pending or, to the
                                    knowledge of the Borrower, threatened
                                    against or affecting the Borrower or any of
                                    its subsidiaries or any of their
                                    undertakings and assets, at law, in equity
                                    or before any arbitrator or before or by any
                                    governmental department, body, commission,
                                    board, bureau, agency or instrumentality
                                    having jurisdiction in the premises in
                                    respect of which there is a reasonable
                                    possibility of a determination adverse to
                                    the Borrower or any subsidiary and which
                                    could, if determined adversely, materially
                                    and adversely affect the ability of the
                                    Borrower to perform any of its obligations
                                    under this Agreement and the documents
                                    contemplated hereunder. Neither the Borrower
                                    nor any subsidiary is in violation of any
                                    law, regulation, order, writ, judgment,
                                    injunction or award of any competent
                                    government, commission, board, agency,
                                    court, arbitrator or instrumentality which
                                    would have such an effect, and, in each case
                                    with respect to the foregoing, which
                                    violation could reasonably be expected to
                                    have a material adverse effect on them.

                           (g)      Environmental. The Borrower is not aware of
                                    any failure on its part or on the part of
                                    any of its subsidiaries to comply in all
                                    material respects with all requirements of
                                    environmental law other than any failure to
                                    be in compliance that could not reasonably
                                    be expected to result in a material adverse
                                    effect to the Borrower or any of its
                                    subsidiaries.

ACCOUNT
OF RECORD:                 The Lender shall maintain accounts evidencing all
                           amounts owing by the Borrower to the Lender under
                           this Agreement. The information entered in the
                           foregoing accounts shall constitute prima facie
                           evidence of the obligations of the Borrower to the
                           Lender with respect to all amounts owing by the
                           Borrower hereunder. The Lender shall advise the
                           Borrower promptly after receipt by the Lender of
                           Borrower's request in writing of all entries made in
                           such accounts.

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GOLDEN BRAND CLOTHING (CANADA) LTD.
JANUARY 15, 2003

EVENTS OF DEFAULT:         The Borrower will be in default under this Agreement
                           upon the occurrence and during the continuance of any
                           of the following events (herein referred to as an
                           EVENT OF DEFAULT):

                           (a)      the Borrower does not pay to the Lender any
                                    sum when due and payable pursuant to the
                                    terms of this Agreement and such default is
                                    not remedied within five Banking Days
                                    following such due date;

                           (b)      the Borrower defaults in the observance or
                                    performance of any material covenant or
                                    obligation of the Borrower contained in this
                                    Agreement and such default continues
                                    unremedied for thirty days after the
                                    occurrence of each event;

                           (c)      any representation or warranty made by the
                                    Borrower herein or in any document or
                                    certificate provided at any time to the
                                    Lender in connection herewith is proven to
                                    be incorrect or misleading in any material
                                    respect;

                           (d)      an event of default under any loan, letter
                                    of credit, letter of guaranty, banker's
                                    acceptance, bond, debenture, note, or other
                                    similar agreement between the Lender and the
                                    Borrower or under any such material
                                    agreement between the Borrower and any other
                                    person;

                           (e)      the Borrower ceases or adopts resolutions to
                                    dissolve, liquidate, wind-up or otherwise
                                    cease to carry on the business currently
                                    being carried on by it or makes a
                                    substantial change in the nature of the
                                    business currently being carried on by the
                                    Borrower or makes or agrees to make an
                                    assignment, disposition or conveyance,
                                    whether by way of sale or otherwise, of its
                                    assets in bulk;

                           (f)      the Borrower is an insolvent person within
                                    the meaning of the Bankruptcy and Insolvency
                                    Act (Canada) or commences or threatens to
                                    commence a voluntary bankruptcy proceeding;

                           (g)      the commencement of any proceeding or the
                                    taking of any step by or against the
                                    Borrower for the dissolution, liquidation or
                                    winding-up of the Borrower or for any relief
                                    under the laws of any jurisdiction relating
                                    to bankruptcy, insolvency, reorganization,
                                    arrangement, compromise or winding-up, or
                                    for the appointment of one or more of a
                                    trustee, receiver, receiver and manager,
                                    custodian, liquidator or any other person
                                    with similar powers with respect to the
                                    Borrower or any part thereof;

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GOLDEN BRAND CLOTHING (CANADA) LTD.
JANUARY 15, 2003

                           (h)      any judgment shall be entered against the
                                    Borrower in any judicial or administrative
                                    tribunal or before any arbitrator or
                                    mediator that, individually or in the
                                    aggregate, is in excess of 5 % of the
                                    Borrower's net worth (as of any date, the
                                    total shareholders' equity of the Borrower
                                    that appears on the balance sheet of the
                                    Borrower as of such date) and either (1)
                                    enforcement proceedings shall have been
                                    commenced by any creditor upon such
                                    judgement or order or (2) there shall be any
                                    period of thirty consecutive days during
                                    which a stay of enforcement of such judgment
                                    or order, by reason of a pending appeal or
                                    otherwise, shall not be in effect;

                           (i)      there shall occur or commence to exist any
                                    event, condition, or other thing that
                                    constitutes an Event of Default as defined
                                    in any addendum to this Agreement;

DEFINITIONS:               Except where the context clearly requires otherwise,
                           BANKING DAY means, in respect of a Loan other than a
                           Libor Loan, a day on which banks are open for
                           business in Toronto, Ontario but does not in any
                           event include a Saturday or a Sunday; SUBSIDIARY
                           means a corporation or other business entity if
                           shares constituting a majority of its outstanding
                           capital stock (or other form of ownership) or
                           constituting a majority of the voting power in any
                           election of directors (or shares constituting both
                           majorities) are (or upon the exercise of any
                           outstanding warrants, options or other rights would
                           be) owned directly or indirectly at the time in
                           question by the corporation in question or another
                           subsidiary of that corporation or any combination of
                           the foregoing; and the foregoing definitions shall be
                           applicable to the respective plurals of the foregoing
                           defined terms.

OTHER
DEFINITIONAL
MATTERS:                   Unless otherwise stated, wherever in this Agreement
                           reference is made to a rate of interest "per annum"
                           or a similar expression is used, such interest shall
                           be calculated using the nominal rate method, and not
                           the effective rate method, of calculation and on the
                           basis of a calendar year of 365 days or 366 days, as
                           the case may be.

                           For the purposes of this Agreement, whenever interest
                           to be paid hereunder is to be calculated on the basis
                           of a year of 360 days, the yearly rate of interest to
                           which the rate determined pursuant to such
                           calculation is equivalent is the rate so determined
                           multiplied by the actual number of days in the
                           calendar year in which the same is to be ascertained
                           and divided by 360.

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GOLDEN BRAND CLOTHING (CANADA) LTD.
JANUARY 15, 2003

COSTS:                     All costs, including legal and appraisal fees,
                           incurred by the Lender relative to security and other
                           documentation, shall be for the account of the
                           Borrower.

GOVERNING
LAW:                       Laws of the Province of Ontario.

EXECUTED
COPY:                      The Borrower acknowledges receipt of a fully executed
                           copy of this Agreement.

AMENDMENTS:                No Amendment of any provision of this Agreement or
                           any document contemplated hereunder nor consent to
                           any departure by the Borrower herefrom or therefrom,
                           shall be effective unless the same shall be in
                           writing and signed by the Borrower and the Lender.

THE PROVISIONS OF THIS TERM SHEET ARE TO BE READ IN CONJUNCTION WITH NATIONAL
CITY'S APPLICATIONS FOR IRREVOCABLE STANDBY LETTER OF CREDIT AND FOR IRREVOCABLE
COMMERCIAL LETTER OF CREDIT INTO WHICH THE BORROWER MAY ENTER FROM TIME TO TIME.
IF THERE ARE ANY CONFLICTS OR INCONSISTENCIES AMONG THIS AGREEMENT AND ANY OTHER
DOCUMENTS, AGREEMENTS, OR INSTRUMENTS, INCLUDING BUT NOT LIMITED TO NATIONAL
CITY'S APPLICATIONS FOR IRREVOCABLE STANDBY LETTER OF CREDIT AND FOR IRREVOCABLE
COMMERCIAL LETTER OF CREDIT, THE PROVISIONS OF THIS AGREEMENT SHALL PREVAIL AND
CONTROL.

                           NATIONAL CITY BANK, CANADA BRANCH
                           THE EXCHANGE TOWER, 130 KING STREET WEST, SUITE 2140
                           TORONTO, ONTARIO  M5X 1E4  CANADA

                           PER: /s/ C. WILLIAM HINIS
                                ------------------------------

                           PER:/s/ KENNETH FEAGAN
                               -------------------------------

WE ACKNOWLEDGE AND ACCEPT THE ABOVE TERMS AND CONDITIONS, THIS___ DAY OF
JANUARY, 2003

                           GOLDEN BRAND CLOTHING (CANADA) LTD.

                           PER: /s/ NEILL P. DAVIS
                           -----------------------------------

                           PER: ________________________________

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