Acknowledgement by Guarantors Sample Clauses

Acknowledgement by Guarantors. By their execution hereof, each of the Guarantors hereby expressly (a) consents to the modifications and amendments set forth in this Amendment, (b) reaffirms all of its respective covenants, representations, warranties and other obligations set forth in each of the Loan Documents to which it is a party and (c) acknowledges, represents and agrees that its respective covenants, representations, warranties and other obligations set forth in each of the Loan Documents to which it is a party remain in full force and effect.
AutoNDA by SimpleDocs
Acknowledgement by Guarantors. Each of the Guarantors hereby acknowledge that it has read this Amendment and consents to the terms hereof and further confirms and agrees that the Security and Pledge Agreement to which such Guarantor is a party and all of the Collateral, as the case may be, described therein do, and shall continue to, secure the payment of all of the Secured Obligations (in each case, as defined in the Security and Pledge Agreement).
Acknowledgement by Guarantors. In connection with the foregoing Third Amendment to Credit Agreement and Waiver (the “Amendment”), each of the undersigned, being a Guarantor (as defined in the Credit Agreement referenced in the Amendment) under their respective Guaranties (as defined in the Credit Agreement referenced in the Amendment), hereby acknowledges and agrees to the Amendment and confirms and agrees that its Guaranty is and shall continue to be, in full force and effect and is hereby ratified and confirmed in all respects except that, upon the effectiveness of, and on and after the date of the Amendment, each reference in such Guaranty to the Credit Agreement (as defined in the Amendment), “thereunder”, “thereof” or words of like import referring to the Credit Agreement, shall mean and be a reference to the Credit Agreement as amended or modified by the Amendment. Although Agent and the Lenders have informed Guarantors of the matters set forth above, and Guarantors have acknowledged the same, each Guarantor understands and agrees that neither the Lender Group nor the Bank Product Providers have any duty under the Credit Agreement, any Guaranty or any other agreement with any Guarantor to so notify any Guarantor or to seek such an acknowledgement, and nothing contained herein is intended to or shall create such a duty as to any transaction hereafter. a Delaware corporation By: Name: Xxxxx Xxxxxxxxx Title: VP & CFO a Delaware corporation By: Name: Xxxxx Xxxxxxxxx Title: VP & CFO a Nova Scotia unlimited liability company By: Name: Xxxxx Xxxxxxxxx Title: VP & CFO Provide Agent (and if so requested by Agent, with copies for each Lender) with each of the documents set forth below at the following times in form satisfactory to Agent:
Acknowledgement by Guarantors. By their execution hereof, each of the Guarantors hereby expressly (a) consents to the modifications and amendments set forth in this Amendment, (b) reaffirms all of its respective covenants, representations, warranties and other obligations set forth in each of the Loan Documents to which it is a party (except for any representation and warranty made as of an earlier date, which representation and warranty shall remain true and correct as of such earlier date) and (c) acknowledges, represents and agrees that its respective covenants, representations, warranties and other obligations set forth in each of the Loan Documents to which it is a party remain in full force and effect (except for any representation and warranty made as of an earlier date, which representation and warranty shall remain true and correct as of such earlier date).
Acknowledgement by Guarantors. Each of the Guarantors hereby acknowledges that it has read this Agreement and consents to the terms hereof and further confirms and agrees that, notwithstanding the effectiveness of this Agreement, (i) its obligations under its Guaranty shall not be impaired or affected and (ii) such Guaranty is, and shall continue to be, in full force and effect and is hereby confirmed and ratified in all respects.
Acknowledgement by Guarantors. Each of the Guarantors hereby acknowledges that it has read this Amendment and consents to the terms hereof and further confirms and agrees that (a) the Security Pledge Agreement to which such Guarantor is a party and all of the Collateral (defined in the Security Pledge Agreement), as the case may be, described therein does, and shall continue to, secure the payment of all of the Obligations (as defined in the Security Pledge Agreement), (b) that this Amendment shall constitute a “Transaction Document” as defined in the Master Netting Agreement and that all of the Collateral (as defined in the Master Netting Agreement), as the case may be, described therein does, and shall continue to, secure the payment of all of the Obligations (as defined in the Master Netting Agreement).
Acknowledgement by Guarantors. Each of the undersigned Guarantors acknowledges and agrees to the provisions of this Second Supplemental Indenture, and agrees that its Note Guarantee shall apply to the Indenture and the Notes, each as amended hereby (including, without limitation, pursuant to Section 2.13 of the Indenture as added hereby).
AutoNDA by SimpleDocs
Acknowledgement by Guarantors. Dated as of November , 2007
Acknowledgement by Guarantors. The Guarantors each hereby acknowledge that the Loan has been increased and further acknowledge that they jointly and severally guaranty Borrower's obligations under the Loan Agreement as amended by this Amendment. Each Guarantor hereby agrees that it will take no action to encumber any of Borrower's accounts receivable until the Loan has been repaid in full in accordance with the terms of the Loan Agreement, this Amendment and the Note.
Acknowledgement by Guarantors. Each of the Guarantors hereby ----------------------------- acknowledges that it has read this Amendment and consents to the terms hereof and further confirms and agrees that, notwithstanding the effectiveness of this Amendment, (i) its obligations under its Guaranty shall not be impaired or affected and (ii) such Guaranty is, and shall continue to be, in full force and effect and is hereby confirmed and ratified in all respects.
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!