Acknowledgment and Limited Consent Clause Samples

Acknowledgment and Limited Consent. (a) The Agent and each Lender acknowledges that each of them was provided with and reviewed the Silverpoint Amendment and Restatement. The Agent and each Lender consents to the consummation of the transactions under the Silverpoint Amendment and Restatement, including, without limitation, the increase in the aggregate principal amount of the loans thereunder and the extension of maturity thereof. (b) Notwithstanding the last sentence of Section 2.5(a)(ii) of the Credit Agreement or anything else to the contrary set forth in the Credit Agreement or any other Financing Documents, Borrowers acknowledge and agree that the Agent may issue, or cause to be issued any such Letters of Credit, and each Lender consents that ▇▇▇▇▇ Fargo Bank, National Association may be an LC Issuer under the Credit Agreement in connection with any Letter of Credit Liabilities permitted pursuant to this Amendment. Except as expressly set forth in this Section 2, this consent shall not by implication or otherwise limit, impair, constitute a waiver of, or otherwise affect, the rights, remedies, powers or privileges of the Agent or any Lender under the Credit Agreement or any other Financing Documents, and shall not, except as otherwise set forth in this Amendment, alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other Financing Documents, all of which are ratified and affirmed in all respects and shall continue in full force and effect. Nothing contained in this Section 2 shall be deemed to entitle any Borrower to a consent to, or a waiver, amendment, modification or other change of, any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other Financing Documents in similar or different circumstances.