Common use of ACKNOWLEDGEMENT AND CONSENT OF THE GUARANTORS Clause in Contracts

ACKNOWLEDGEMENT AND CONSENT OF THE GUARANTORS. Each Guarantor has read this Incremental Amendment and consents to the terms hereof and further hereby confirms and agrees that, notwithstanding the effectiveness of this Incremental Amendment, the obligations of such Guarantor under the Guaranties and each of the other Loan Documents to which such Guarantor is a party shall not be impaired and each of the Guaranties and the other Loan Documents to which such Guarantor is a party is, and shall continue to be, in full force and effect and is hereby confirmed and ratified in all respects. Each of the Guarantors and the Borrower hereby acknowledges and agrees that the Obligations guaranteed under the Guaranties will include all Obligations under, and as defined in, the Credit Agreement as amended by this Incremental Amendment. Each Guarantor acknowledges and agrees that (i) notwithstanding the conditions to effectiveness set forth in this Incremental Amendment, such Guarantor is not required by the terms of the Credit Agreement or any other Loan Document to consent to the amendments to the Credit Agreement effected pursuant to this Incremental Amendment and (ii) nothing in the Credit Agreement, this Incremental Amendment or any other Loan Document shall be deemed to require the consent of such Guarantor to any future amendments to the Credit Agreement.

Appears in 1 contract

Samples: Incremental Amendment (Gramercy Property Trust Inc.)

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ACKNOWLEDGEMENT AND CONSENT OF THE GUARANTORS. Each Guarantor (for purposes of this Third Amendment, each a “Guarantor”) has read this Incremental Third Amendment and consents to the terms hereof and further hereby confirms and agrees that, notwithstanding the effectiveness of this Incremental Third Amendment, the obligations of such Guarantor under the Guaranties Guaranty, each Accession Agreement, and each of the other Loan Documents to which such Guarantor is a party shall not be impaired and each of the Guaranties Guaranties, Accession Agreements and the other Loan Documents to which such Guarantor is a party is, and shall continue to be, in full force and effect and is hereby confirmed and ratified in all respects. Each of the Guarantors and the Borrower hereby acknowledges and agrees that the Obligations guaranteed under the Guaranties and the Accession Agreements will include all Obligations under, and as defined in, the Credit Agreement as amended by this Incremental Third Amendment. Each Guarantor acknowledges and agrees that (i) notwithstanding the conditions to effectiveness set forth in this Incremental Third Amendment, such Guarantor is not required by the terms of the Credit Agreement or any other Loan Document to consent to the amendments to the Credit Agreement effected pursuant to this Incremental Third Amendment and (ii) nothing in the Credit Agreement, this Incremental Third Amendment or any other Loan Document shall be deemed to require the consent of such Guarantor to any future amendments to the Credit Agreement.

Appears in 1 contract

Samples: Term Loan Agreement (Broadstone Net Lease, Inc.)

ACKNOWLEDGEMENT AND CONSENT OF THE GUARANTORS. Each Guarantor (for purposes of this Fourth Amendment, each a “Guarantor”) has read this Incremental Fourth Amendment and consents to the terms hereof and further hereby confirms and agrees that, notwithstanding the effectiveness of this Incremental Fourth Amendment, the obligations of such Guarantor under the Guaranties Guaranty, each Accession Agreement, and each of the other Loan Documents to which such Guarantor is a party shall not be impaired and each of the Guaranties Guaranties, Accession Agreements and the other Loan Documents to which such Guarantor is a party is, and shall continue to be, in full force and effect and is hereby confirmed and ratified in all respects. Each of the Guarantors and the Borrower hereby acknowledges and agrees that the Obligations guaranteed under the Guaranties and the Accession Agreements will include all Obligations under, and as defined in, the Credit Agreement as amended by this Incremental Fourth Amendment. Each Guarantor acknowledges and agrees that (i) notwithstanding the conditions to effectiveness set forth in this Incremental Fourth Amendment, such Guarantor is not required by the terms of the Credit Agreement or any other Loan Document to consent to the amendments to the Credit Agreement effected pursuant to this Incremental Fourth Amendment and (ii) nothing in the Credit Agreement, this Incremental Fourth Amendment or any other Loan Document shall be deemed to require the consent of such Guarantor to any future amendments to the Credit Agreement.

Appears in 1 contract

Samples: Term Loan Agreement (Broadstone Net Lease, Inc.)

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ACKNOWLEDGEMENT AND CONSENT OF THE GUARANTORS. Each Guarantor (for purposes of this Second Amendment, each a “Guarantor”) has read this Incremental Second Amendment and consents to the terms hereof and further hereby confirms and agrees that, notwithstanding the effectiveness of this Incremental Second Amendment, the obligations of such Guarantor under the Guaranties Guaranty, each Accession Agreement, and each of the other Loan Documents to which such Guarantor is a party shall not be impaired and each of the Guaranties Guaranties, Accession Agreements and the other Loan Documents to which such Guarantor is a party is, and shall continue to be, in full force and effect and is hereby confirmed and ratified in all respects. Each of the Guarantors and the Borrower hereby acknowledges and agrees that the Obligations guaranteed under the Guaranties and the Accession Agreements will include all Obligations under, and as defined in, the Credit Agreement as amended by this Incremental Second Amendment. Each Guarantor acknowledges and agrees that (i) notwithstanding the conditions to effectiveness set forth in this Incremental Second Amendment, such Guarantor is not required by the terms of the Credit Agreement or any other Loan Document to consent to the amendments to the Credit Agreement effected pursuant to this Incremental Second Amendment and (ii) nothing in the Credit Agreement, this Incremental Second Amendment or any other Loan Document shall be deemed to require the consent of such Guarantor to any future amendments to the Credit Agreement.

Appears in 1 contract

Samples: Term Loan Agreement (Broadstone Net Lease, Inc.)

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