Borrower Ratification of Loan Documents. The Borrower hereby consents to the amendment and restatement of the Original Credit Agreement effected hereby and confirms and agrees that (a) notwithstanding the effectiveness of this Agreement, the Guaranty and Security Agreement and Trademark Security Agreement are, and shall continue to be, in full force and effect and are hereby ratified and confirmed in all respects and (b) the security documents to which the Borrower is a party and all of the Collateral described therein do, and shall continue to, secure the payment of all of the Guaranteed Obligations (as defined in the Guaranty and Security Agreement). For greater certainty and without limiting the foregoing, the Borrower hereby confirms that the existing security interests granted by the Borrower in favor of the Secured Parties pursuant to the Loan Documents in the Collateral described therein shall continue to secure the obligations of the Borrower under this Agreement and the other Loan Documents
Borrower Ratification of Loan Documents. Borrower hereby (i) unconditionally ratifies and confirms, renews and reaffirms all of its obligations under the Loan Documents, as amended hereby, (ii) acknowledges and agrees that such obligations remain in full force and effect, binding on and enforceable against it in accordance with the terms, covenants and conditions of the Loan Documents, without impairment, and remains unconditionally liable to Lender in accordance with the terms, covenants and conditions of the Loan Documents, as amended hereby, (iii) acknowledges and agrees that nothing herein contained shall be construed to impair the security or affect the priority of or otherwise impair the lien of any mortgage or other lien which Lender ever had, now has or may hereafter have on any property of Borrower under any of the Loan Documents, nor to impair any rights or powers which Lender or its successors may have for nonperformance of any term of any of the Loan Documents, (iv) ratifies and confirms, renews and reaffirms in all respects and without condition, all of the terms, covenants and conditions set forth in the Loan Documents, as amended hereby, and (v) represents and warrants that, except as amended by this Modification Agreement, to the best of Borrower’s knowledge, all representations and warranties made by Borrower contained in the Loan Documents are true and correct in all material respects as if made on the date hereof (except in each case for representations and warranties which by their terms are expressly applicable to an earlier date, in which event such representations and warranties shall be true and correct as of such earlier date) and are not limited in any way by the representations and warranties set forth in this Modification Agreement, except as set forth below on Schedule I.
Borrower Ratification of Loan Documents. By their signatures below, each Individual Borrower and each of their respective successors hereby agrees and consents to this Joinder and ratifies and confirms all of the terms and provisions set forth in each of the Loan Documents to which they are a party it being understood that the representations and warranties of each Borrower are not being updated except as specifically provided in Section V hereof (as each of the Loan Documents are amended or otherwise modified on the date hereof by this Joinder), and each agrees that their respective obligations and liabilities under such agreements shall continue without impairment or limitation by reason of this
