Common use of ACKNOWLEDGEMENT AND CONFIRMATION Clause in Contracts

ACKNOWLEDGEMENT AND CONFIRMATION. Each party to this First Amendment hereby confirms and agrees that, after giving effect to this First Amendment and the amendments and waiver contemplated hereby, and except as expressly modified hereby, the Credit Agreement and the other Credit Documents to which it is a party remain in full force and effect and enforceable against such party in accordance with their respective terms and shall not be discharged, diminished, limited or otherwise affected in any respect. Each Credit Party represents and warrants to the Lenders that as of the First Amendment Effective Date it has no knowledge of any claims, counterclaims, offsets, or defenses to or with respect to its obligations under the Credit Documents, or if such Credit Party has any such claims, counterclaims, offsets, or defenses to the Credit Documents or any transaction related to the Credit Documents, the same are hereby waived, relinquished, and released in consideration of the execution of this First Amendment. This acknowledgement and confirmation by each Credit Party is made and delivered to induce the Administrative Agent and the Lenders to enter into this First Amendment, and each Credit Party acknowledges that the Administrative Agent and the Lenders would not enter into this First Amendment in the absence of the acknowledgement and confirmation contained herein.

Appears in 2 contracts

Samples: Credit Agreement (IntercontinentalExchange Group, Inc.), Credit Agreement (Intercontinentalexchange Inc)

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ACKNOWLEDGEMENT AND CONFIRMATION. Each party to this First Amendment Loan Party hereby confirms and agrees that, after giving effect to this First Amendment and the amendments and waiver contemplated hereby, and except as expressly modified herebyAmendment, the Credit Agreement and the other Credit Loan Documents to which it is a party remain in full force and effect and enforceable against such party Loan Party in accordance with their respective terms and shall not be discharged, diminished, limited or otherwise affected in any respect, and the amendments contained herein shall not, in any manner, be construed to constitute payment of, or impair, limit, cancel or extinguish, or constitute a novation in respect of, the Obligations of any Loan Party evidenced by or arising under the Credit Agreement or the other Loan Documents, which shall not in any manner be impaired, limited, terminated, waived or released, but shall continue in full force and effect. Each Credit Loan Party represents and warrants to the Lenders that as of the First Amendment Effective Date it has no knowledge of any claims, counterclaims, offsets, or defenses to or with respect to its obligations under the Credit Loan Documents, or if such Credit Loan Party has any such claims, counterclaims, offsets, or defenses to the Credit Loan Documents or any transaction related to the Credit Loan Documents, the same are hereby waived, relinquished, and released in consideration of the execution of this First Amendment. This acknowledgement and confirmation by each Credit Party the Loan Parties is made and delivered to induce the Administrative Agent and the Lenders to enter into this First Amendment, and each Credit Party acknowledges the Loan Parties acknowledge that the Administrative Agent and the Lenders would not enter into this First Amendment in the absence of the acknowledgement and confirmation contained herein.

Appears in 1 contract

Samples: Renaissancere Holdings LTD

ACKNOWLEDGEMENT AND CONFIRMATION. Each party to this First Amendment hereby confirms and agrees that, after giving effect to this First Amendment and the amendments and waiver contemplated herebyAmendment, and except as expressly modified amended hereby, the Secured Credit Agreement and the other Credit Documents to which it is a party remain in full force and effect and enforceable against such party in accordance with their respective terms and shall not be discharged, diminished, limited or otherwise affected in any respect. Each Credit Party represents and warrants to the Lenders that as of the First Amendment Effective Date it has no knowledge of any claims, counterclaims, offsets, or defenses to or with respect to its obligations under the Credit Documents, or if such Credit Party has any such claims, counterclaims, offsets, or defenses to the Credit Documents or any transaction related to the Credit Documents, the same are hereby waived, relinquished, and released in consideration of the execution of this First Amendment. This acknowledgement and confirmation by each Credit Party is made and delivered to induce the Administrative Agent and the Lenders to enter into this First Amendment, and each Credit Party acknowledges that the Administrative Agent and the Lenders would not enter into this First Amendment in the absence of the acknowledgement and confirmation contained herein.

Appears in 1 contract

Samples: Credit Agreement (Allied World Assurance Co Holdings LTD)

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ACKNOWLEDGEMENT AND CONFIRMATION. Each party to this First Amendment hereby confirms and agrees that, after giving effect to this First Amendment and the amendments and waiver contemplated herebyAmendment, and except as expressly modified amended hereby, the Unsecured Credit Agreement and the other Credit Documents to which it is a party remain in full force and effect and enforceable against such party in accordance with their respective terms and shall not be discharged, diminished, limited or otherwise affected in any respect. Each Credit Party Borrower represents and warrants to the Lenders that as of the First Amendment Effective Date it has no knowledge of any claims, counterclaims, offsets, or defenses to or with respect to its obligations under the Credit Documents, or if such Credit Party Borrower has any such claims, counterclaims, offsets, or defenses to the Credit Documents or any transaction related to the Credit Documents, the same are hereby waived, relinquished, and released in consideration of the execution of this First Amendment. This acknowledgement and confirmation by each Credit Party Borrower is made and delivered to induce the Administrative Agent and the Lenders to enter into this First Amendment, and each Credit Party Borrower acknowledges that the Administrative Agent and the Lenders would not enter into this First Amendment in the absence of the acknowledgement and confirmation contained herein.

Appears in 1 contract

Samples: Credit Agreement (Allied World Assurance Co Holdings LTD)

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