Acknowledgement of Prior Obligations and Continuation Thereof. Each of the Loan Parties (a) consents to the amendment and restatement of the Existing Credit Agreement by this Agreement; (b) acknowledges and agrees that (i) the “Obligations” (as defined in the Existing Credit Agreement) are owing to the Secured Parties (as defined in the Existing Credit Agreement), (ii) the prior grant or grants of security interests in favor of any of the Administrative Agent or any other Secured Party (as defined in the Existing Credit Agreement) in its properties and assets, under each “Loan Document” as defined in the Existing Credit Agreement (the “Original Loan Documents”) to which it is a party shall be in respect of the Obligations of such Person under this Agreement and the other Loan Documents; (c) reaffirms (i) all of the Obligations (as defined in the Existing Credit Agreement) owing to the Administrative Agent and the other Secured Parties (as defined in the Existing Credit Agreement), and (ii) all prior or concurrent grants of security interests in favor of any of the Administrative Agent or any other Secured Party (as defined in the Existing Credit Agreement) under each Original Loan Document and each Loan Document; and (d) agrees that, except as expressly amended hereby or unless being amended and restated concurrently herewith, each of the Original Loan Documents to which it is a party is and shall remain in full force and effect. Each of the Borrower and Holdings hereby confirms and agrees that all outstanding principal, interest and fees and other “Obligations” (as defined in the Existing Credit Agreement) under the Existing Credit Agreement immediately prior to the Closing Date shall, to the extent not paid on the Closing Date, from and after the Closing Date, be, without duplication, Obligations owing and payable pursuant to this Agreement and the other Loan Documents as in effect from time to time, shall accrue interest thereon as specified in this Agreement, and shall be secured by the Loan Documents.
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Samples: Credit Agreement (Cambium Networks Corp), Credit Agreement (Cambium Networks Corp)
Acknowledgement of Prior Obligations and Continuation Thereof. Each of the Loan Parties Party hereby: (a) consents to the amendment and restatement of the Existing Credit Agreement by this Agreement; (b) acknowledges and agrees that (i) the “Obligations” (as defined in the Existing Credit Agreement) are its obligations owing to the Secured Parties (as defined in Agent and the Existing Credit Agreement)Lenders, and (ii) the prior grant or grants of security interests Liens in favor of any Agent for the benefit of the Administrative Agent or any other Secured Party (as defined in the Existing Credit Agreement) Lenders in its properties and assets, whether under each “Loan Document” as defined in the Existing Credit Agreement (or under any of the “Original other Existing Loan Documents”) Documents to which it is a party party, shall also be for the benefit of the Lenders and in respect of the Obligations of such Person Loan Party under this Agreement and the other Loan DocumentsOther Documents executed in connection herewith to which it is a party; (c) reaffirms (i) all of its Obligations owing to Agent and the Obligations (as defined Lenders and all prior grants of Liens in favor of Agent under the Existing Credit Agreement) owing to the Administrative Agent Agreement and each of the other Secured Parties (as defined in the Existing Credit Agreement), and (ii) all prior or concurrent grants of security interests in favor of any of the Administrative Agent or any other Secured Party (as defined in the Existing Credit Agreement) under each Original Loan Document and each Loan DocumentDocuments; and (d) agrees that, except as expressly amended hereby or unless being amended and restated concurrently herewithin a separate amendment thereto, each of the Original Existing Loan Documents to which it is a party is and shall remain in full force and effect. Each effect and all references in any such Existing Loan Document to “the Credit Agreement”, “thereto”, “thereof”, “thereunder” or words of like import referring to the Borrower Existing Credit Agreement shall mean this Agreement; and Holdings hereby (e) confirms and agrees that all outstanding principal, interest and fees and other “Obligations” (as defined in the Existing Credit Agreement) Obligations under the Existing Credit Agreement outstanding immediately prior to the Closing Amendment and Restatement Date shall, to the extent not paid on the Closing Amendment and Restatement Date, from and after the Closing Amendment and Restatement Date, be, without duplication, Obligations owing and payable pursuant to this Agreement and the other Loan Other Documents as in effect from time to time, shall accrue interest thereon or otherwise be chargeable, as specified in this Agreement, and shall be secured by this Agreement and the Loan Other Documents.
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Samples: Revolving Credit and Security Agreement (Quantum Corp /De/)
Acknowledgement of Prior Obligations and Continuation Thereof. Each of the Loan Parties Party hereby: (a) consents to the amendment and restatement of the Existing Credit Agreement by this Agreement; (b) acknowledges and agrees that (i) the “Obligations” (as defined in the Existing Credit Agreement) are its obligations owing to the Secured Parties (as defined in Agent and the Existing Credit Agreement)Lenders, and (ii) the prior grant or grants of security interests Liens in favor of any Agent for the benefit of the Administrative Agent or any other Secured Party (as defined in the Existing Credit Agreement) Lenders in its properties and assets, whether under each “Loan Document” as defined in the Existing Credit Agreement (or under any of the “Original other Existing Loan Documents”) Documents to which it is a party party, shall also be for the benefit of the Lenders and in respect of the Obligations of such Person Loan Party under this Agreement and the other Loan DocumentsOther Documents executed in connection herewith to which it is a party; (c) reaffirms (i) all of its Obligations owing to Agent and the Obligations (as defined Lenders and all prior grants of Liens in favor of Agent under the Existing Credit Agreement) owing to the Administrative Agent Agreement and each of the other Secured Parties (as defined in the Existing Credit Agreement), and (ii) all prior or concurrent grants of security interests in favor of any of the Administrative Agent or any other Secured Party (as defined in the Existing Credit Agreement) under each Original Loan Document and each Loan DocumentDocuments; and (d) agrees that, except as expressly amended hereby or unless being amended and restated concurrently herewithin a separate amendment thereto, each of the Original Existing Loan Documents to which it is a party is and shall remain in full force and effect. Each effect and all references in any such Existing Loan Document to “the Credit Agreement”, “thereto”, “thereof”, “thereunder” or words of like import referring to the Borrower Existing Credit Agreement shall mean this Agreement; and Holdings hereby (e) confirms and agrees that all outstanding principal, interest and fees and other “Obligations” (as defined in the Existing Credit Agreement) Obligations under the Existing Credit Agreement outstanding immediately prior to the Closing Amendment and Restatement Date shall, to the extent not paid on the Closing Amendment and Restatement Date, from and after the Closing Amendment and Restatement Date, be, without duplication, Obligations owing and payable pursuant to this Agreement and the other Loan Other Documents as in effect from time to time, shall accrue interest thereon or otherwise be chargeable, as specified in this Agreement, and shall be secured by this Agreement and the Loan Other Documents.. Each of the parties has signed this Agreement as of the day and year first above written. BORROWERS: QUANTUM CORPORATION By: ________________________ Name: Title: QUANTUM LTO HOLDINGS, LLC By: _________________________ Name: Title: GUARANTOR: SQUARE BOX SYSTEMS LIMITED By: ________________________ Name: Title: AGENT AND LENDER: PNC BANK, NATIONAL ASSOCIATION, as Agent and Lender By: ________________________ Name: Title:
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Acknowledgement of Prior Obligations and Continuation Thereof. Each of the Loan Parties Party hereby: (a) consents to the amendment and restatement of the Existing Credit Agreement by this Agreement; (b) acknowledges and agrees that (i) the “Obligations” (as defined in the Existing Credit Agreement) are its obligations owing to the Secured Parties (as defined in Agent and the Existing Credit Agreement)Lenders, and (ii) the prior grant or grants of security interests Liens in favor of any Agent for the benefit of the Administrative Agent or any other Secured Party (as defined in the Existing Credit Agreement) Lenders in its properties and assets, whether under each “Loan Document” as defined in the Existing Credit Agreement (or under any of the “Original other Existing Loan Documents”) Documents to which it is a party party, shall also be for the benefit of the Lenders and in respect of the Obligations of such Person Loan Party under this Agreement and the other Loan DocumentsOther Documents executed in connection herewith to which it is a party; (c) reaffirms (i) all of its Obligations owing to Agent and the Obligations (as defined Lenders and all prior grants of Liens in favor of Agent under the Existing Credit Agreement) owing to the Administrative Agent Agreement and each of the other Secured Parties (as defined in the Existing Credit Agreement), and (ii) all prior or concurrent grants of security interests in favor of any of the Administrative Agent or any other Secured Party (as defined in the Existing Credit Agreement) under each Original Loan Document and each Loan DocumentDocuments; and (d) agrees that, except as expressly amended hereby or unless being amended and restated concurrently herewithin a separate amendment thereto, each of the Original Existing Loan Documents to which it is a party is and shall remain in full force and effect. Each effect and all references in any such Existing Loan Document to “the Credit Agreement”, “thereto”, “thereof”, “thereunder” or words of like import referring to the Borrower Existing Credit Agreement shall mean this Agreement; and Holdings hereby (e) confirms and agrees that all outstanding principal, interest and fees and other “Obligations” (as defined in the Existing Credit Agreement) Obligations under the Existing Credit Agreement outstanding immediately prior to the Closing Amendment and Restatement Date shall, to the extent not paid on the Closing Amendment and Restatement Date, from and after the Closing Amendment and Restatement Date, be, without duplication, Obligations owing and payable pursuant to this Agreement and the other Loan Other Documents as in effect from time to time, shall accrue interest thereon or otherwise be chargeable, as specified in this Agreement, and shall be secured by this Agreement and the Loan Other Documents.. Each of the parties has signed this Agreement as of the day and year first above written. BORROWERS: QUANTUM CORPORATION By: /s/ J. Xxxxxxx Xxxxxx Name: J. Xxxxxxx Xxxxxx Title: Chief Financial Officer QUANTUM LTO HOLDINGS, LLC By: /s/ J. Xxxxxxx Xxxxxx Name: J. Xxxxxxx Xxxxxx Title: Chief Financial Officer AGENT AND LENDER: PNC BANK, NATIONAL ASSOCIATION, as Agent and Lender By: /s/ Xxxxxxx Xxxxxxxx Name: Xxxxxxx Xxxxxxxx
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Acknowledgement of Prior Obligations and Continuation Thereof. Each of the Loan Parties Party hereby: (a) consents to the amendment and restatement of the Existing Credit Agreement by this Agreement; (b) acknowledges and agrees that (i) the “Obligations” (as defined in the Existing Credit Agreement) are its obligations owing to the Secured Parties (as defined in Agent and the Existing Credit Agreement)Lenders, and (ii) the prior grant or grants of security interests Liens in favor of any Agent for the benefit of the Administrative Agent or any other Secured Party (as defined in the Existing Credit Agreement) Lenders in its properties and assets, whether under each “Loan Document” as defined in the Existing Credit Agreement (or under any of the “Original other Existing Loan Documents”) Documents to which it is a party party, shall also be for the benefit of the Lenders and in respect of the Obligations of such Person Loan Party under this Agreement and the other Loan DocumentsOther Documents executed in connection herewith to which it is a party; (c) reaffirms (i) all of its Obligations owing to Agent and the Obligations (as defined Lenders and all prior grants of Liens in favor of Agent under the Existing Credit Agreement) owing to the Administrative Agent Agreement and each of the other Secured Parties (as defined in the Existing Credit Agreement), and (ii) all prior or concurrent grants of security interests in favor of any of the Administrative Agent or any other Secured Party (as defined in the Existing Credit Agreement) under each Original Loan Document and each Loan DocumentDocuments; and (d) agrees that, except as expressly amended hereby or unless being amended and restated concurrently herewithin a separate amendment thereto, each of the Original Existing Loan Documents to which it is a party is and shall remain in full force and effect. Each effect and all references in any such Existing Loan Document to “the Credit Agreement”, “thereto”, “thereof”, “thereunder” or words of like import referring to the Borrower Existing Credit Agreement shall mean this Agreement; and Holdings hereby (e) confirms and agrees that all outstanding principal, interest and fees and other “Obligations” (as defined in the Existing Credit Agreement) Obligations under the Existing Credit Agreement outstanding immediately prior to the Closing Amendment and Restatement Date shall, to the extent not paid on the Closing Amendment and Restatement Date, from and after the Closing Amendment and Restatement Date, be, without duplication, Obligations owing and payable pursuant to this Agreement and the other Loan Other Documents as in effect from time to time, shall accrue interest thereon or otherwise be chargeable, as specified in this Agreement, and shall be secured by this Agreement and the Loan Other Documents.. Each of the parties has signed this Agreement as of the day and year first above written. BORROWERS: QUANTUM CORPORATION By: _______________________Name:Title: QUANTUM LTO HOLDINGS, LLC By: ________________________Name:Title: GUARANTOR: SQUARE BOX SYSTEMS LIMITED By: _______________________Name:Title:
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Acknowledgement of Prior Obligations and Continuation Thereof. Each of the Loan Parties Borrower and Guarantor hereby: (a) consents to the amendment and restatement of the Existing Credit Original Agreement by this Agreement; (b) acknowledges and agrees that (i) the “Obligations” (as defined in the Existing Credit Agreement) are its obligations owing to the Secured Parties (as defined in Agent and the Existing Credit Agreement)Lenders, and (ii) the prior grant or grants of security interests Liens in favor of any Agent for the benefit of the Administrative Agent or any other Secured Party (as defined in the Existing Credit Agreement) Lenders in its properties and assets, whether under each “Loan Document” as defined in the Existing Credit Original Agreement (the “Original Loan Documents”) or under any Other Document to which it is a party party, shall also be for the benefit of the Lenders and in respect of the Obligations of such Person under this Agreement and the other Loan DocumentsOther Documents executed in connection herewith to which it is a party; (c) reaffirms (i) all of the Obligations (as defined in the Existing Credit Agreement) its obligations owing to Agent and/or the Administrative Agent and the other Secured Parties (as defined in the Existing Credit Agreement)Lenders, and (ii) all prior or concurrent grants of security interests Liens in favor of any of Agent under the Administrative Agent or any other Secured Party (as defined in the Existing Credit Agreement) under each Original Loan Document Agreement and each Loan Other Document; and (d) agrees that, except as expressly amended hereby or unless being amended and restated concurrently herewithin a separate amendment thereto, each of the Original Loan existing Other Documents to which it is a party is and shall remain in full force and effect. Each effect and all references in any such Other Document to “the Credit Agreement”, “thereto”, “thereof”, “thereunder” or words of like import referring to the Borrower Original Agreement shall mean the Original Agreement as amended and Holdings hereby restated by this Agreement; and (e) confirms and agrees that all outstanding principal, interest and fees and other “Obligations” (as defined in the Existing Credit Agreement) Obligations under the Existing Credit Original Agreement outstanding immediately prior to the Closing Date shall, to the extent not paid on the Closing Date, from and after the Closing Date, be, without duplication, Obligations owing and payable pursuant to this Agreement and the other Loan Other Documents as in effect from time to time, shall accrue interest thereon or otherwise be chargeable, as specified in this Agreement, and shall be secured by this Agreement and the Loan Other Documents.
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Acknowledgement of Prior Obligations and Continuation Thereof. Each of the Loan Parties Party hereby: (a) consents to the amendment and restatement of the Existing Original Credit Agreement by this Agreement; (b) acknowledges and agrees that (i) the “Obligations” (as defined in the Existing Credit Agreement) are its obligations owing to the Administrative Agent and the Lenders and the other Secured Parties (as defined in the Existing Credit Agreement)Parties, and (ii) the prior grant or grants of security interests Liens in favor of, on behalf of, Collateral Agent for the benefit of any of Lenders and the Administrative Agent or any other Secured Party (Parties, as defined in the Existing Credit Agreement) applicable, in its properties and assets, whether under each “Loan Document” as defined in the Existing Original Credit Agreement (the “Original or under any other Loan Documents”) Document to which it is a party party, shall also be for the benefit of the Lenders and in respect of the Obligations of such Person Loan Party under this Agreement and the other Loan DocumentsDocuments executed in connection herewith to which it is a party and any Lender Provided Interest Rate Hedge, Other Lender Provided Financial Services Product, or Cash Management Agreement to which it is a party; (c) reaffirms (i) all of the Obligations (as defined in the Existing Credit Agreement) its obligations owing to Administrative Agent, the Administrative Agent and the Lenders and/or other Secured Parties (as defined in the Existing Credit Agreement)Parties, and (ii) all prior or concurrent grants of security interests Liens in favor of any of the Administrative Collateral Agent or and any other Secured Party (Party, as defined in applicable, under the Existing Credit Agreement) under each Original Loan Document Security Agreement and each other Loan Document; and (d) agrees that, except as expressly amended hereby or unless being amended and restated concurrently herewithin a separate amendment thereto, each of the Original Existing Loan Documents to which it is a party is and shall remain in full force and effect. Each effect and all references in any such Existing Loan Document to “the Agreement”, “thereto”, “thereof”, “thereunder” or words of like import referring to the Borrower Original Credit Agreement shall mean the Original Credit Agreement as amended and Holdings hereby restated by this Agreement; and (e) confirms and agrees that all outstanding principal, interest and fees and other “Obligations” (as defined in the Existing Credit Agreement) Obligations under the Existing Original Credit Agreement outstanding immediately prior to the Closing Date shall, to the extent not paid on the Closing Date, from and after the Closing Date, be, without duplication, Obligations owing and payable pursuant to this Agreement and the other Loan Documents as in effect from time to time, shall accrue interest thereon or otherwise be chargeable, as specified in this Agreement, and shall be secured by the Security Agreement, this Agreement and the other Loan Documents.. 116
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