Common use of Borrower’s Ratification Clause in Contracts

Borrower’s Ratification. Borrower agrees that it has no defenses or set-offs against Banks or Agent or their respective officers, directors, employees, agents or attorneys, with respect to the Loan Documents, all of which are in full force and effect, and that all of the terms and conditions of the Loan Documents not inconsistent herewith shall remain in full force and effect unless and until modified or amended in writing in accordance with their terms. Borrower hereby ratifies and confirms its obligations under the Loan Documents as amended hereby and agrees that the execution and delivery of this Agreement does not in any way diminish or invalidate any of its obligations thereunder.

Appears in 15 contracts

Samples: Credit Agreement (Aqua America Inc), Credit Agreement (Aqua America Inc), Credit Agreement (Aqua America Inc)

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Borrower’s Ratification. The Borrower agrees that it has no defenses or set-offs against the Banks or the Agent or their respective officers, directors, employees, agents or attorneys, with respect to the Loan Documents, all of which are in full force and effect, and that all of the terms and conditions of the Loan Documents not inconsistent herewith shall remain in full force and effect unless and until modified or amended in writing in accordance with their terms. The Borrower hereby ratifies and confirms its obligations under the Loan Documents as amended hereby and agrees that the execution and delivery of this Agreement does not in any way diminish or invalidate any of its obligations thereunder.

Appears in 5 contracts

Samples: Credit Agreement (Essential Utilities, Inc.), Credit Agreement (Essential Utilities, Inc.), Credit Agreement (Aqua America Inc)

Borrower’s Ratification. Borrower agrees that it has no defenses or set-offs against Banks or Agent the Lenders or their respective officers, directors, employees, agents or attorneys, with respect to the Loan Documents, all of which are in full force and effect, and that all of the terms and conditions of the Loan Documents not inconsistent herewith shall remain in full force and effect unless and until modified or amended in writing in accordance with their terms. Borrower hereby ratifies and confirms its obligations under the Loan Documents as amended hereby and agrees that the execution and delivery of this Agreement Second Amendment does not in any way diminish or invalidate any of its obligations thereunder.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Essex Portfolio Lp), Revolving Credit Agreement (Essex Portfolio Lp)

Borrower’s Ratification. The Borrower agrees that it has no defenses or set-offs against Banks the Lenders or the Administrative Agent or their respective officers, directors, employees, agents or attorneys, with respect to the Loan Documents, all of which are in full force and effect, and that all of the terms and conditions of the Loan Documents not inconsistent herewith shall remain in full force and effect unless and until modified or amended in writing in accordance with their terms. The Borrower hereby ratifies and confirms its obligations under the Loan Documents as amended hereby and agrees that the execution and delivery of this Agreement Amendment does not in any way diminish or invalidate any of its obligations thereunder.

Appears in 2 contracts

Samples: Loan Agreement (CSS Industries Inc), Loan Agreement (CSS Industries Inc)

Borrower’s Ratification. Borrower agrees that it has no defenses or set-offs set­offs against Banks or Agent Lenders or their respective officers, directors, employees, agents or attorneys, with respect to the Loan Documents, all of which are in full force and effect, and that all of the terms and conditions of the Loan Documents not inconsistent herewith shall remain in full force and effect unless and until modified or amended in writing in accordance with their terms. Borrower hereby ratifies and confirms its obligations under the Loan Documents as amended hereby and agrees that the execution and delivery of this Agreement Second Amendment does not in any way diminish or invalidate any of its obligations thereunder.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Essex Portfolio Lp), Revolving Credit Agreement (Essex Property Trust Inc)

Borrower’s Ratification. The Borrower agrees that it has no defenses or defenses, set-offs offs, counterclaim or challenge against Banks the Lenders or the Administrative Agent or their respective officers, directors, employees, agents or attorneys, with respect to the Loan Documents, all of which are in full force and effect, and that all of the terms and conditions of the Loan Documents not inconsistent herewith shall remain in full force and effect unless and until modified or amended in writing in accordance with their terms. The Borrower hereby ratifies and confirms its obligations under the Loan Documents as amended hereby and agrees that the execution and delivery of this Agreement does not in any way diminish or invalidate any of its obligations thereunder.

Appears in 2 contracts

Samples: Credit Agreement (Essential Utilities, Inc.), Credit Agreement (Essential Utilities, Inc.)

Borrower’s Ratification. Borrower agrees that it has no defenses or set-offs set­offs against Banks or Agent Lenders or their respective officers, directors, employees, agents or attorneys, with respect to the Loan Documents, all of which are in full force and effect, and that all of the terms and conditions of the Loan Documents not inconsistent herewith shall remain in full force and effect unless and until modified or amended in writing in accordance with their terms. Borrower hereby ratifies and confirms its obligations under the Loan Documents as amended hereby and agrees that the execution and delivery of this Agreement Third Amendment does not in any way diminish or invalidate any of its obligations thereunder.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Essex Portfolio Lp), Revolving Credit Agreement (Essex Property Trust Inc)

Borrower’s Ratification. Borrower agrees that it has no defenses or set-offs against Banks or Agent Lenders or their respective officers, directors, employees, agents or attorneys, with respect to the Loan Documents, all of which are in full force and effect, and that all of the terms and conditions of the Loan Documents not inconsistent herewith shall remain in full force and effect unless and until modified or amended in writing in accordance with their terms. Borrower hereby ratifies and confirms its obligations under the Loan Documents as amended hereby and agrees that the execution and delivery of this Agreement First Amendment does not in any way diminish or invalidate any of its obligations thereunder.

Appears in 1 contract

Samples: Credit Agreement (Essex Property Trust Inc)

Borrower’s Ratification. Borrower agrees The Borrowers agree that it has they have no defenses or set-offs against Banks or the Banks, the Agent or their respective officers, directors, employees, agents or attorneys, with respect to the Loan Documents, all of which are in full force and effect, and that all of the terms and conditions of the Loan Documents not inconsistent herewith shall remain in full force and effect unless and until modified or amended in writing in accordance with their terms. Each Borrower hereby ratifies and confirms its obligations under the Loan Documents as amended hereby and agrees that the execution and delivery of this Agreement does not in any way diminish or invalidate any of its obligations thereunderthereunder except as modified hereby.

Appears in 1 contract

Samples: Credit Agreement (Nicholas Applegate Fund Inc)

Borrower’s Ratification. Borrower agrees that it has no defenses or set-offs against Banks or Agent Lenders or their respective officers, directors, employees, agents or attorneys, with respect to the Loan Documents, all of which are in full force and effect, and that all of the terms and conditions of the Loan Documents not inconsistent herewith shall remain in full force and effect unless and until modified or amended in writing in accordance with their terms. Borrower hereby ratifies and confirms its obligations under the Loan Documents as amended hereby and agrees that the execution and delivery of this Agreement Fourth Amendment does not in any way diminish or invalidate any of its obligations thereunder.

Appears in 1 contract

Samples: Revolving Credit Agreement (Essex Portfolio Lp)

Borrower’s Ratification. Borrower agrees that it has no defenses or set-offs against Banks or Agent the Lenders or their respective officers, directors, employees, agents or attorneys, with respect to the Loan Documents, all of which are in full force and effect, and that all of the terms and conditions of the Loan Documents not inconsistent herewith shall remain in full force and effect unless and until modified or amended in writing in accordance with their terms. Borrower hereby ratifies and confirms its obligations under the Loan Documents as amended hereby and agrees that the execution and delivery of this Agreement First Amendment does not in any way diminish or invalidate any of its obligations thereunder.

Appears in 1 contract

Samples: Revolving Credit Agreement (Essex Portfolio Lp)

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Borrower’s Ratification. Borrower agrees that it has no defenses or set-offs against Banks or Agent Lenders or their respective officers, directors, employees, agents or attorneys, with respect to the Loan Documents, all of which are in full force and effect, and that all of the terms and conditions of the Loan Documents not inconsistent herewith shall remain in full force and effect unless and until modified or amended in writing in accordance with their terms. Borrower hereby ratifies and confirms its obligations under the Loan Documents as amended hereby and agrees that the execution and delivery of this Agreement Seventh Amendment does not in any way diminish or invalidate any of its obligations thereunder.

Appears in 1 contract

Samples: Revolving Credit Agreement (Essex Portfolio Lp)

Borrower’s Ratification. Borrower agrees that it has no defenses or set-offs against Banks or Agent Lenders or their respective officers, directors, employees, agents or attorneys, with respect to the Loan Documents, all of which are in full force and effect, and that all of the terms and conditions of the Loan Documents not inconsistent herewith shall remain in full force and effect unless and until modified or amended in writing in accordance with their terms. Borrower hereby ratifies and confirms its obligations under the Loan Documents as amended hereby and agrees that the execution and delivery of this Agreement Sixth Amendment does not in any way diminish or invalidate any of its obligations thereunder.

Appears in 1 contract

Samples: Revolving Credit Agreement (Essex Portfolio Lp)

Borrower’s Ratification. The Borrower agrees that it has no ----------------------- defenses or set-offs against the Banks or the Agent or their respective officers, directors, employees, agents or attorneys, with respect to the Loan Documents, all of which are in full force and effect, and that all of the terms and conditions of the Loan Documents not inconsistent herewith shall remain in full force and effect unless and until modified or amended in writing in accordance with their terms. The Borrower hereby ratifies and confirms its obligations under the Loan Documents as amended hereby and agrees that the execution and delivery of this Agreement does not in any way diminish or invalidate any of its obligations thereunder.

Appears in 1 contract

Samples: Loan Agreement (Dover Downs Entertainment Inc)

Borrower’s Ratification. Borrower agrees that it has no defenses or set-offs against Banks or Agent Lenders or their respective officers, directors, employees, agents or attorneys, with respect to the Loan Documents, all of which are in full force and effect, and that all of the terms and conditions of the Loan Documents not inconsistent herewith shall remain in full force and effect unless and until modified or amended in writing in accordance with their terms. Borrower hereby ratifies and confirms its obligations under the Loan Documents as amended hereby and agrees that the execution and delivery of this Agreement Fifth Amendment does not in any way diminish or invalidate any of its obligations thereunder.

Appears in 1 contract

Samples: Revolving Credit Agreement (Essex Property Trust Inc)

Borrower’s Ratification. Each Borrower agrees that it has no defenses or set-offs set‑offs against Banks or Agent Lenders or their respective officers, directors, employees, agents or attorneys, with respect to the Loan Credit Documents, all of which are in full force and effect, and that all of the terms and conditions of the Loan Credit Documents not inconsistent herewith shall remain in full force and effect unless and until modified or amended in writing in accordance with their terms. Each Borrower hereby ratifies and confirms its obligations under the Loan Credit Documents as amended hereby and agrees that the execution and delivery of this Agreement First Amendment does not in any way diminish or invalidate any of its obligations thereunder.

Appears in 1 contract

Samples: Term Loan C Agreement (Brandywine Operating Partnership, L.P.)

Borrower’s Ratification. Borrower agrees that it has no defenses or set-set- offs against Banks or Agent Lenders or their respective officers, directors, employees, agents or attorneys, with respect to the Loan Documents, all of which are in full force and effect, and that all of the terms and conditions of the Loan Documents not inconsistent herewith shall remain in full force and effect unless and until modified or amended in writing in accordance with their terms. Borrower hereby ratifies and confirms its obligations under the Loan Documents as amended hereby and agrees that the execution and delivery of this Agreement First Amendment does not in any way diminish or invalidate any of its obligations thereunder.

Appears in 1 contract

Samples: Revolving Credit Agreement (Essex Property Trust Inc)

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