Borrower’s Acknowledgement. Borrower acknowledges that Holder is extending the credit contemplated hereby solely as an accommodation to Borrower, and is willing to do so in reliance upon Borrower’s monetary and non-monetary covenants contained herein and in the Loan Agreement.
Borrower’s Acknowledgement. The Borrower acknowledges that the Security previously granted to CIBC by it under or in connection with the Credit Facilities, the Credit Agreement, or otherwise, continues in full force and effect, without in any way impairing or derogating from any of the mortgages, pledges, charges, assignments, security interests and covenants therein contained or thereby constituted, as continuing security for the Indebtedness under the Credit Agreement and any other indebtedness from time to time owed by the Borrower to CIBC.
Borrower’s Acknowledgement the Borrower agrees to be bound by and to do all things reasonably necessary or appropriate to give effect to any and all purchases and other adjustments made by and between the Lenders pursuant to this Section 17.9.
Borrower’s Acknowledgement. The Borrower acknowledges that it shall continue to be bound by and will comply with the provisions of the Facility Agreement which are expressed to be binding on it.
Borrower’s Acknowledgement. Borrower and Guarantors acknowledge and agree that:
Borrower’s Acknowledgement. Borrower hereby acknowledges that he/she is the parent or legal guardian of the child for whom this loan agreement benefits. Borrower acknowledges and represents that he/she has legal authority to enter into this agreement and does so personally on behalf of his/her family. Borrower understands these warnings:
Borrower’s Acknowledgement. Borrowers agree that (i) nothing contained in this Agreement shall be deemed to amend, modify, supersede or otherwise alter the terms of the respective agreements between Borrowers and each Creditor except to the extent that payments to Subordinated Lenders may be restricted hereby and (ii) this Agreement is solely for the benefit of the Creditors and shall not give Borrowers, their respective successors or assigns, or any other person any rights with respect to any Creditor.
Borrower’s Acknowledgement. Each Borrower acknowledges that the Finance Parties are relying on the representations and warranties but not on any other information contradictory to them or varying them of which the Finance Parties or any of them or their respective agents or advisers may have actual or constructive knowledge.
Borrower’s Acknowledgement. Each Borrower acknowledges that it has read and understands this Agreement and has been advised by counsel of its choice with respect to this Agreement and the transactions evidenced by this Agreement or has knowingly waived its right to such counsel.
Borrower’s Acknowledgement. The Borrowers agree that (i) nothing contained in this Agreement shall be deemed to amend, modify, supersede or otherwise alter the terms of the respective Loan Documents between the Borrowers and each of the Existing Lenders and Ullico and (ii) this Agreement is solely for the benefit of the Existing Lenders and Ullico and shall not give the Borrowers, their successors or assigns, or any other person, any rights with respect to any Existing Lenders or Ullico. The Borrowers will pay the Existing Lenders’ reasonable fees and expenses, including reasonable attorneys’ fees, incurred in connection with this Agreement.
