ADOPTION AND RATIFICATION Clause Samples
The "Adoption and Ratification" clause formally establishes that the parties to an agreement have reviewed, accepted, and agreed to be bound by its terms. In practice, this clause typically requires each party to sign or otherwise indicate their consent to the contract, often specifying the date and manner in which the agreement becomes effective. Its core function is to provide clear evidence that all parties have willingly entered into the agreement, thereby ensuring the contract's enforceability and reducing the risk of disputes over its validity.
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ADOPTION AND RATIFICATION. Borrower and each Subsidiary Loan Party hereby (a) ratify, assume, adopt and agree to be bound by all of the Existing Loan Documents to which it is a party as amended by this Ratification Agreement, and in accordance with the Financing Order and (b) agrees to pay all of the Pre-Petition Obligations in accordance with the terms of such Existing Loan Documents, as amended by this Ratification Agreement, and in accordance with the Financing Order. All of the Existing Loan Documents are hereby incorporated herein by reference and hereby are and shall be deemed adopted and assumed in full by Borrower and Subsidiary Loan Parties, each as Debtor and Debtor-in- Possession, and considered as agreements between Borrower or such Subsidiary Loan Party, on the one hand, and Agent and Lenders, on the other hand. Borrower and each Subsidiary Loan Party hereby ratifies, restates, affirms and confirms all of the terms and conditions of the Existing Loan Documents, as amended and supplemented pursuant hereto and the Financing Order, and Borrower and each Subsidiary Loan Party agrees to be fully bound, as Debtor and Debtor-in-Possession, bythe terms of the Loan Documents to which Borrower or such Subsidiary Loan Party is a party.
ADOPTION AND RATIFICATION. Any and all acts, disclosures, notices, executions, and deliveries which may have been made by Dealer to or in favor of GMAC prior to (a) the execution of this Agreement or (b) the legal formation of Dealer's existence as a general partnership, is hereby ratified and adopted as the legal, valid, and binding act of the Dealer as though authorized and empowered as of such act, etc. This ratification and adoption includes, without limitation, the execution and delivery of UCC-1 financing statements and the delivery of financial information concerning the Dealer.
ADOPTION AND RATIFICATION. The Debtors hereby (a) ratify, assume, adopt and agree to be bound by the Financing Documents in accordance with the terms thereof and (b) agree to pay all of the Obligations in accordance with the terms of the Financing Documents and the Financing Order, including, without any limitation, interest on the Pre-Petition Obligations. All of the Financing Documents are hereby incorporated herein by reference and hereby are and shall be deemed adopted and assumed in full by the Debtors, as the Debtors and the Debtors-in-Possession, and considered as agreements by and between the Debtors and the Lender. The Debtors hereby ratify, restate, affirm and confirm all of the terms and conditions of the Financing Documents, as amended and supplemented pursuant hereto and the Financing Order, and Lender agrees to lend pursuant to, and the Debtors agree to be fully bound by, as the Debtors and the Debtors-in-Possession, the terms of the Financing Documents to which any Debtor is a party.
ADOPTION AND RATIFICATION. DuPont hereby declares that each and every thing done, acts performed, and instrument executed and delivered by its said agents and attorneys-in-fact in connection with the exercise of any the powers designated above shall be good, valid and effectual to all intents and purposes as if the same had been done, performed,
ADOPTION AND RATIFICATION. Client agrees that each and every act performed by U.S. Energy in connection with any of the authorized powers designated in Paragraph 1 will be valid and binding on Client as if the same act had been done by Client. Client ratifies whatever U.S. Energy does pursuant to this Authorization.
ADOPTION AND RATIFICATION. 3.1 Debtor, hereby (a) ratifies, assumes, adopts and agrees to be bound by the Existing Financing Agreements, as modified by this Ratification Agreement, and (b) agrees to pay all of the Pre-Petition Obligations in accordance with the terms of the Existing Financing Agreements, as modified by this Ratification Agreement and the Financing Order. All of the Existing Financing Agreements, as modified by this Ratification Agreement and this Financing Order, are hereby incorporated herein by reference, and hereby are and shall be deemed adopted and assumed in full by Debtor, as a debtor and debtor-in-possession, and considered as agreements among Debtor, Agent and Lenders.
3.2 Debtor, hereby ratifies, restates, affirms and confirms all of the terms and conditions of the Existing Financing Agreements, as amended and supplemented pursuant hereto and the Financing Order, and Debtor agrees to be fully bound, as a debtor and debtor-in-possession, by the terms of the Financing Agreements to which Debtor is a party.
ADOPTION AND RATIFICATION. (a) Debtor hereby (i) ratifies, assumes, adopts and agrees to be bound by the Financing Agreements and (ii) agrees to pay all of the Pre-Petition Obligations in accordance with the terms of the Financing Agreements and the Financing Order. All of the Financing Agreements are hereby incorporated herein by reference and are hereby and shall be deemed adopted and assumed in full by Debtor, as Debtor and Debtor-in-Possession, and considered as agreements between Debtor and Lender. Debtor hereby ratifies, restates, affirms and confirms all of the terms and conditions of the Financing Agreements, as amended and supplemented pursuant hereto and the Financing Order, and Debtor agrees to be fully bound, as Debtor and Debtor-in-Possession, by the terms of the Financing Agreements to which Debtor is a party.
(b) Each Guarantor hereby (i) ratifies, assumes, adopts and agrees to be bound by the Guarantor Agreements and (ii) agrees to pay all of the Pre-Petition Obligations in accordance with the terms of the Guarantor Agreements, the Financing Agreements and the Financing Order. All of the Guarantor Agreements are hereby incorporated herein by reference and are hereby and shall be deemed adopted and assumed in full by each of Guarantors, as Debtor and Debtor-in-Possession, and considered as agreements between each Guarantor and Lender. Each Guarantor hereby ratifies, restates, affirms and confirms all of the terms and conditions of the Guarantor Agreements and Financing Agreements, as amended and supplemented pursuant hereto and the Financing Order, and each Guarantor agrees to be fully bound, as Debtor and Debtor-in-Possession, by the terms of the Guarantor Agreements to which it is a party. Each Guarantor is authorized to execute and deliver to Lender a letter agreement ratifying the Guarantor Agreements to which such Guarantor is a party.
ADOPTION AND RATIFICATION. Each Loan Party hereby (a) ratifies, assumes, adopts and agrees to be bound by all of the Pre-Petition Other Documents to which it is a party and (b) agrees to pay all Pre-Petition Obligations in accordance with the terms of the Pre-Petition Other Documents and in accordance with the Interim Order and Final Order. Each Pre-Petition Other Document to which any Loan Party is a party is hereby incorporated herein by reference and hereby is and shall be deemed adopted and assumed in full by such Loan Party, and in respect of each Debtor, as a debtor and debtor-in-possession, and considered an agreement among the Loan Parties, on the one hand, and the applicable Secured Parties, on the other hand.
ADOPTION AND RATIFICATION. This Operating Agreement is adopted as of the Effective Date. This Operating Agreement is a private agreement among the Members, the Managers, and the Company and its terms and conditions shall not be disclosed in any form or manner to Persons other than the Company, its Managers, Members, and Affiliates, or to accountants, attorneys or other professional advisors thereof. 28
ADOPTION AND RATIFICATION. Any and all acts, disclosures, notices, executions, and deliveries which may have been made by Borrower to or in favor of GMAC prior to the execution of this Loan Agreement is hereby ratified and adopted as the legal, valid, and binding act of the Borrower as though authorized and empowered as of such act, etc.