Common use of ADOPTION AND RATIFICATION Clause in Contracts

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.

Appears in 2 contracts

Samples: Ratification and Amendment Agreement, Ratification and Amendment Agreement

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ADOPTION AND RATIFICATION. 3.1 Each Borrower and each Subsidiary Loan Party Guarantor hereby (a) ratifyratifies, assumeassumes, adopt adopts and agree agrees to be bound by all of the Existing Loan Documents Financing Agreements (as amended by this Ratification Agreement and the Financing Order) 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 DocumentsFinancing Agreements, as amended by this Ratification Agreement, and in accordance with the Financing Order. All of the Existing Loan Documents Financing Agreements (as amended by this Ratification Agreement and the Financing Order) are hereby incorporated herein by reference and hereby are and shall be deemed adopted and assumed in full by Borrower Borrowers and Subsidiary Loan PartiesGuarantors, each as Debtor and Debtor-in- in-Possession, and considered as agreements between Borrower such Borrowers or such Subsidiary Loan PartyGuarantors, on the one hand, and Agent and Lenders, on the other hand. Each Borrower and each Subsidiary Loan Party Guarantor hereby ratifies, restates, affirms and confirms all of the terms and conditions of the Existing Loan DocumentsFinancing Agreements, as amended and supplemented pursuant hereto and the Financing Order, and each Borrower and each Subsidiary Loan Party Guarantor agrees to be fully bound, as Debtor and Debtor-in-Possession, bythe by the terms of the Loan Documents Financing Agreements to which such Borrower or such Subsidiary Loan Party Guarantor is a party.

Appears in 1 contract

Samples: Ratification and Amendment Agreement (Hartmarx Corp/De)

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- 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 by the terms of the Loan Documents to which Borrower or such Subsidiary Loan Party is a party.

Appears in 1 contract

Samples: Ratification Agreement (Spectrum Brands, Inc.)

ADOPTION AND RATIFICATION. Each Borrower and each Subsidiary Loan Party Guarantor hereby (a) ratifyratifies, assumeassumes, adopt adopts and agree agrees 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 DIP Loan 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 PartiesBorrowers, each as Debtor and Debtor-in- in-Possession, and Guarantor and considered as agreements between Borrower such Borrowers or such Subsidiary Loan PartyGuarantor, on the one hand, and DIP Agent and DIP Lenders, on the other hand. Each Borrower and each Subsidiary Loan Party Guarantor hereby ratifies, restates, affirms and confirms all of the terms and conditions of the Existing Loan Documents, as amended and supplemented pursuant hereto hereto, incorporated herein and the Financing Order, and Borrower and each Subsidiary Loan Party agrees to be fully boundBorrower, as Debtor and Debtor-in-Possession, bythe and Guarantor agrees to be fully bound by the terms of the Loan Documents to which such Borrower or such Subsidiary Loan Party Guarantor is a party.

Appears in 1 contract

Samples: Dip Loan Agreement (Ascendia Brands, Inc.)

ADOPTION AND RATIFICATION. Each Borrower and each Subsidiary Loan Party Guarantor hereby (a) ratifyratifies, assumeassumes, adopt adopts and agree agrees to be bound by all of the Existing Loan Documents Financing Agreements 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 DocumentsFinancing Agreements, as amended by this Ratification Agreement, and in accordance with the Financing Order. All of the Existing Loan Documents Financing Agreements are hereby incorporated herein by reference and hereby are and shall be deemed adopted and assumed in full by Borrower Borrowers and Subsidiary Loan PartiesGuarantors, each as Debtor and Debtor-in- in-Possession, and considered as agreements between Borrower such Borrowers or such Subsidiary Loan PartyGuarantors, on the one hand, and Agent and Lenders, on the other hand. Each Borrower and each Subsidiary Loan Party Guarantor hereby ratifies, restates, affirms and confirms all of the terms and conditions of the Existing Loan DocumentsFinancing Agreements, as amended and supplemented pursuant hereto and the Financing Order, and each Borrower and each Subsidiary Loan Party Guarantor agrees to be fully bound, as Debtor and Debtor-in-Possession, bythe by the terms of the Loan Documents Financing Agreements to which such Borrower or such Subsidiary Loan Party Guarantor is a party.

Appears in 1 contract

Samples: Ratification and Amendment Agreement (Hancock Fabrics Inc)

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ADOPTION AND RATIFICATION. Borrower and each Subsidiary Loan Party Guarantor hereby (a) ratifyratifies, assumeassumes, adopt adopts and agree agrees to be bound by all of the Existing Loan Documents Financing Agreements applicable 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 DocumentsFinancing Agreements, as amended by this Ratification Agreement, and in accordance with the Financing Order. All of the Existing Loan Documents Financing Agreements are hereby incorporated herein by reference and hereby are and shall be deemed adopted and assumed in full by Borrower and Subsidiary Loan PartiesGuarantors, each as Debtor and Debtor-in- in-Possession, and considered as agreements between such Borrower or such Subsidiary Loan PartyGuarantor and Lender, on the one hand, and Agent and Lenders, on the other handas applicable. Borrower and each Subsidiary Loan Party Guarantor hereby ratifies, restates, affirms and confirms all of the terms and conditions of the Existing Loan DocumentsFinancing Agreements, as amended and supplemented pursuant hereto and the Financing Order, and Borrower and each Subsidiary Loan Party Guarantor agrees to be fully bound, as Debtor and Debtor-in-Possession, bythe by the terms of the Loan Documents Financing Agreements to which such Borrower or such Subsidiary Loan Party Guarantor is a party.

Appears in 1 contract

Samples: Ratification and Amendment Agreement (Anvil Holdings Inc)

ADOPTION AND RATIFICATION. Each Borrower and each Subsidiary Loan Party Guarantor hereby (a) ratifyratifies, assumeassumes, adopt adopts and agree agrees 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 Borrowers and Subsidiary Loan PartiesGuarantors, each as Debtor and Debtor-in- in-Possession, and considered as agreements between Borrower such Borrowers or such Subsidiary Loan PartyGuarantors, on the one hand, and Agent and Lenders, on the other hand. Each Borrower and each Subsidiary Loan Party Guarantor 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 each Borrower and each Subsidiary Loan Party Guarantor agrees to be fully bound, as Debtor and Debtor-in-Possession, bythe by the terms of the Loan Documents to which such Borrower or such Subsidiary Loan Party Guarantor is a party.

Appears in 1 contract

Samples: Ratification and Amendment Agreement (EveryWare Global, Inc.)

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