Common use of Affirmation and acceptance Clause in Contracts

Affirmation and acceptance. 5.1. With effect from the Effective Date, the terms and conditions of the Committed Facility Number 2 Letter shall be read and construed by reference to this Deed and all references to the Committed Facility Number 2 Letter shall be deemed to incorporate the relevant amendments contained within this Deed and all references in the Committed Facility Number 2 Letter to “this Letter” and like references shall with effect from the Effective Date be references to the Committed Facility Number 2 Letter as amended by this Deed. 5.2. In the event of any conflict between the terms of this Deed and this Committed Facility Number 2 Letter, the terms of this Deed shall prevail. 5.3. For the avoidance of doubt, except as amended by the terms of this Deed, all of the terms and conditions of the Committed Facility Number 2 Letter shall continue to apply and remain in full force and effect. 5.4. The Companies shall, at the request of Bank, do all such acts necessary or desirable to give effect to the amendments effected or to be effected pursuant to the terms of this Deed.

Appears in 2 contracts

Samples: Committed Letter of Credit Facility (Axis Capital Holdings LTD), Committed Letter of Credit Facility (Axis Capital Holdings LTD)

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Affirmation and acceptance. 5.1. With effect from the Effective Date, the terms and conditions of the Committed Facility Number 2 1 Letter shall be read and construed by reference to this Deed and all references to the Committed Facility Number 2 1 Letter shall be deemed to incorporate the relevant amendments contained within this Deed and all references in the Committed Facility Number 2 1 Letter to “this Letter” and like references shall with effect from the Effective Date be references to the Committed Facility Number 2 1 Letter as amended by this Deed. 5.2. In the event of any conflict between the terms of this Deed and this Committed Facility Number 2 1 Letter, the terms of this Deed shall prevail. 5.3. For the avoidance of doubt, except as amended by the terms of this Deed, all of the terms and conditions of the Committed Facility Number 2 1 Letter shall continue to apply and remain in full force and effect. 5.4. The Companies shall, at the request of Bank, do all such acts necessary or desirable to give effect to the amendments effected or to be effected pursuant to the terms of this Deed.

Appears in 1 contract

Samples: Committed Letter of Credit Facility (Axis Capital Holdings LTD)

Affirmation and acceptance. 5.1. 5.1 With effect from the Effective Date, the terms and conditions of the Committed Facility Number 2 Letter shall be read and construed by reference to this Deed and all references to the Committed Facility Number 2 Letter shall be deemed to incorporate the relevant amendments contained within this Deed and all references in the Committed Facility Number 2 Letter to “this Committed Facility Letter” and like references shall with effect from the Effective Date be references to the Committed Facility Number 2 Letter as amended by this Deed. 5.2. 5.2 In the event of any conflict between the terms of this Deed and this Committed Facility Number 2 Letter, the terms of this Deed shall prevail. 5.3. 5.3 For the avoidance of doubt, except as amended by the terms of this Deed, all of the terms and conditions of the Committed Facility Number 2 Letter shall continue to apply and remain in full force and effect. 5.4. 5.4 The Companies shall, at the request of Bank, do all such acts necessary or desirable to give effect to the amendments effected or to be effected pursuant to the terms of this Deed.

Appears in 1 contract

Samples: Committed Facility Letter (Axis Capital Holdings LTD)

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Affirmation and acceptance. 5.1. With effect from the Effective Date, the terms and conditions of the Committed Facility Number 2 1 Letter shall be read and construed by reference to this Deed and all references to the Committed Facility Number 2 1 Letter shall be deemed to incorporate the relevant amendments contained within this Deed and all references in the Committed Facility Number 2 1 Letter to “this Letter” and like references shall with effect from the Effective Date be references to the Committed Facility Number 2 1 Letter as amended by this Deed. 5.2. In the event of any conflict between the terms of this Deed and this Committed Facility Number 2 1 Letter, the terms of this Deed shall prevail. 5.3. For the avoidance of doubt, except as amended by the terms of this Deed, all of the terms and conditions of the Committed Facility Number 2 1 Letter shall continue to apply and remain in full force and effect. 5.4. The Companies shall, at the request of the Bank, do all such acts necessary or desirable to give effect to the amendments effected or to be effected pursuant to the terms of this Deed.

Appears in 1 contract

Samples: Committed Letter of Credit Facility (Axis Capital Holdings LTD)

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