Acknowledgment of Guaranties. The Lender hereby expressly acknowledges the existence of the Noteholder Guaranty and the Noteholders hereby expressly acknowledge the existence of the Lender Guaranty.
Acknowledgment of Guaranties. Each party expressly acknowledges the existence and validity of the 2000 Note Obligation Guaranty, the 2003 Note Obligation Guaranty and the Bank Obligation Guaranty, agrees not to contest or challenge the validity of the 2000 Note Obligation Guaranty, the 2003 Note Obligation Guaranty or the Bank Obligation Guaranty and agrees that the judicial or other determination of the invalidity of the 2000 Note Obligation Guaranty, the 2003 Note Obligation Guaranty or the Bank Obligation Guaranty shall not affect the provisions of this Agreement.
Acknowledgment of Guaranties. The Lenders hereby expressly acknowledge the existence of the Note Guarantees and the Noteholders hereby expressly acknowledge the existence of the Loan Guaranties.
Acknowledgment of Guaranties. The Banks hereby expressly acknowledge the existence of the Noteholder Guaranty and the Noteholders hereby expressly acknowledge the existence of the Bank Guaranty.
Acknowledgment of Guaranties. The Secured Parties hereby expressly acknowledge the existence of the Guaranties.
Acknowledgment of Guaranties. Each of the Obligors, jointly and severally, hereby acknowledges, agrees, confirms, reaffirms and stipulates:
(i) (x) to the validity, legality and enforceability of each of the guarantees of the Obligations set forth in the Loan Documents; (y) that the reaffirmation of each of the guarantees of the Obligations set forth in the Loan Documents is a material inducement to the Lenders and the Agent; and (z) that it has no defense to the enforcement of each of the guarantees of the Obligations set forth in the Loan Documents and its obligations under each such guarantee shall remain in full force and effect until all the Obligations have been paid in full;
(ii) (x) to the validity, legality and enforceability of each of the Agent’s Liens on the assets and property of each of the Obligors pursuant to the Loan Documents; (y) that the reaffirmation of each of the Agent’s Liens is a material inducement to the Lenders and the Agent; and (z) that it has no defense to the enforcement of each of the Agent’s Liens, and the Agent’s Liens shall remain in full force and effect until all the Obligations have been paid in full;
(iii) that each Obligor hereby waives and releases any and all defenses, affirmative defenses, setoffs, claims, counterclaims, and causes of action of any kind or nature which he has asserted, or might assert, against any Lender, the Agent or any of their respective subsidiaries or affiliates, or any of the past, present or future officers, directors, contractors, employees, attorneys or agents of any Lender, the Agent or any such subsidiary or affiliate, which in any way relate to or arise out of the Obligations, the Agent’s Liens or any of the Loan Documents;
(iv) that each Obligor consents to the execution and delivery of this Forbearance Amendment and agrees and acknowledges that the liability of each Obligor under each of the Loan Documents, and the existence, creation, perfection or enforceability of any of the Agent’s Liens, shall not be diminished in any way by the execution and delivery of this Forbearance Amendment or by the consummation of any of the transactions contemplated hereby or thereby;
(v) that all notices required under the Loan Documents to be given by the Lenders or the Agent have been given by the Lenders or the Agent or validly waived, including, without limitation, all notices of default, and all rights and/or opportunities to cure related thereto have expired or lapsed;
(vi) except as expressly set forth herein, neither any...
Acknowledgment of Guaranties. Each of the Obligors, jointly and severally, hereby acknowledges, agrees, confirms, reaffirms and stipulates:
(i) (x) to the validity, legality and enforceability of each of the guarantees of the Obligations set forth in the Loan Documents; (y) that the reaffirmation of each of the guarantees of the Obligations set forth in the Loan Documents is a material inducement to the Lenders and the Agent; and (z) that it has no defense to the enforcement of each of the guarantees of the Obligations set forth in the Loan Documents and its obligations under each such guarantee shall remain in full force and effect until all the Obligations have been paid in full;
(ii) (x) to the validity, legality and enforceability of each of the Agent’s Liens on the assets and property of each of the Obligors pursuant to the Loan Documents;
Acknowledgment of Guaranties. The Lenders and the Noteholders hereby expressly acknowledge the existence of the Penford Products Obligations. Penford Products Co. Intercreditor Agreement
Acknowledgment of Guaranties. Each party expressly acknowledges the existence and validity of the Note Guaranties and the Bank Obligation Guaranty, agrees not to contest or challenge the validity of the Note Guaranties or the Bank Obligation Guaranty and agrees that the judicial or other determination of the invalidity of the Note Guaranties or the Bank Obligation Guaranty shall not affect the provisions of this Agreement.
Acknowledgment of Guaranties. Execution and delivery of an ---------------------------- acknowledgment from each of the Guarantors to the effect that their Guaranty, and any Collateral therefor, extends to the Loan, as increased by this Amendment.
