Common use of Acknowledgement and Agreement Clause in Contracts

Acknowledgement and Agreement. Each Loan Party listed below hereby acknowledges that it has reviewed the First Amendment to Credit Agreement dated as of June 23, 2014 (the “First Amendment”) to which this Acknowledgement and Agreement is attached as an exhibit and hereby consents to the execution, delivery and performance thereof by the Borrower. Each Loan Party hereby confirms its obligation under each Loan Document to which it is a party and agrees that, after giving effect to the First Amendment, neither the modification of the Credit Agreement or any other Loan Document effected pursuant to the First Amendment, nor the execution, delivery, performance or effectiveness of the First Amendment or any other Loan Document impairs the validity or effectiveness of any Loan Document to which it is a party or impairs the validity, effectiveness or priority of the Liens granted pursuant to any other Loan Document to which it is a party or by which it is otherwise bound.

Appears in 4 contracts

Samples: Credit Agreement (ESH Hospitality, Inc.), Credit Agreement (ESH Hospitality, Inc.), Credit Agreement (ESH Hospitality, Inc.)

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Acknowledgement and Agreement. Each Loan Party listed below hereby acknowledges that it has reviewed the First Second Amendment to Credit Agreement dated as of June 23April 15, 2014 2015 (the “First Second Amendment”) to which this Acknowledgement and Agreement is attached as an exhibit and hereby consents to the execution, delivery and performance thereof by the Borrower. Each Loan Party hereby confirms its obligation under each Loan Document to which it is a party and agrees that, after giving effect to the First Second Amendment, neither the modification of the Credit Agreement or any other Loan Document effected pursuant to the First Second Amendment, nor the execution, delivery, performance or effectiveness of the First Second Amendment or any other Loan Document impairs the validity or effectiveness of any Loan Document to which it is a party or impairs the validity, effectiveness or priority of the Liens granted pursuant to any other Loan Document to which it is a party or by which it is otherwise bound.

Appears in 2 contracts

Samples: Credit Agreement (ESH Hospitality, Inc.), Credit Agreement (ESH Hospitality, Inc.)

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Acknowledgement and Agreement. Each Loan Party listed below hereby acknowledges that it has reviewed the First Amendment No. 1 to Credit Agreement dated as of June 23May 7, 2014 (the “First Amendment”) 2013 to which this Acknowledgement and Agreement is attached as an exhibit (the “First Amendment”) and hereby consents to the execution, delivery and performance thereof by the Borrower. Each Loan Party hereby confirms its obligation under each Loan Document to which it is a party and agrees that, after giving effect to the First Amendment, neither the modification of the Credit Agreement or any other Loan Document effected pursuant to the First Amendment, nor the execution, delivery, performance or effectiveness of the First Amendment or any other Loan Document impairs the validity or effectiveness of any Loan Document to which it is a party or impairs the validity, effectiveness or priority of the Liens granted pursuant to any other Loan Document to which it is a party or by which it is otherwise bound.

Appears in 1 contract

Samples: Credit Agreement (Altisource Portfolio Solutions S.A.)

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