Common use of Certain Consequences Of Effectiveness Clause in Contracts

Certain Consequences Of Effectiveness. (a) Except as expressly set forth herein, this Amendment shall not by implication or otherwise limit, impair, constitute a waiver of, or otherwise affect the rights and remedies of the Lenders, the Administrative Agent, any Guarantor or any other party under the Existing Credit Agreement or any other Loan Document, and shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Existing Credit Agreement or any other Loan Document, all of which are ratified and affirmed in all respects and shall continue in full force and effect. This Amendment shall constitute a “Loan Document” for all purposes of the Amended Credit Agreement and the other Loan Documents. (b) Except as expressly set forth herein, nothing herein shall be deemed to entitle the Borrower or any Guarantor to a consent to, or a waiver, amendment, modification or other change of, any of the terms, conditions, obligations, covenants or agreements contained in the Existing Credit Agreement or Amended Credit Agreement on any future occasion. (c) By signing this Amendment, the Borrower hereby acknowledges and reaffirms, as of the date hereof, that (i) the obligations of each of the Loan Parties under the Amended Credit Agreement and the other Loan Documents (as amended hereby) constitute Obligations and are entitled to the benefit of the guarantees set forth in the Facility Guaranty and the benefits set forth in each Loan Document and (ii) the Loan Documents are, and shall continue to be, in full force and effect and are hereby ratified and confirmed in all respects. SECTION 7.

Appears in 3 contracts

Samples: Term Loan Credit Agreement (Tech Data Corp), Revolving Credit Agreement (Tech Data Corp), Term Loan Credit Agreement (Tech Data Corp)

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Certain Consequences Of Effectiveness. (a) Except as expressly set forth herein, this Amendment shall not by implication or otherwise limit, impair, constitute a waiver of, or otherwise affect the rights and remedies of the Lenders, the Administrative Agent, any Subsidiary Guarantor or any other party under the Existing Credit Agreement or any other Loan Document, and shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Existing Credit Agreement or any other Loan Document, all of which are ratified and affirmed in all respects and shall continue in full force and effect. This Amendment shall constitute a “Loan Document” for all purposes of the Amended Credit Agreement and the other Loan Documents. (b) Except as expressly set forth herein, nothing herein shall be deemed to entitle the any Borrower or any Subsidiary Guarantor to a consent to, or a waiver, amendment, modification or other change of, any of the terms, conditions, obligations, covenants or agreements contained in the Existing Credit Agreement or Amended Credit Agreement on any future occasion. (c) By signing this Amendment, the each Borrower hereby acknowledges and reaffirms, as of the date hereof, that (i) the obligations of each of the Loan Parties under the Amended Credit Agreement and the other Loan Documents (as amended hereby) constitute Obligations and are entitled to the benefit of the guarantees set forth in the Facility Guaranty and the benefits set forth in each Loan Document and (ii) the Loan Documents are, and shall continue to be, in full force and effect and are hereby ratified and confirmed in all respects. SECTION 7.

Appears in 1 contract

Samples: Revolving Credit Agreement (Tech Data Corp)

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Certain Consequences Of Effectiveness. (a) Except as expressly set forth hereinOn and after the Amendment Effective Date, this Amendment shall not by implication or otherwise limit, impair, constitute a waiver of, or otherwise affect the rights and remedies obligations of the Lendersparties to the Existing Credit Agreement and each other Loan Document (as defined in the Existing Credit Agreement, the Administrative Agent“Existing Loan Documents”) shall be governed by the Amended Credit Agreement and each Existing Loan Document as amended hereby (including the Modified Guaranty and Pledge Agreement); provided that (i) the rights and obligations of the parties to the Existing Credit Agreement and the other Existing Loan Documents (other than the Existing Guaranty and Pledge Agreement and other than Section 6.10 of the Existing Credit Agreement (for which Section 6.10 of the Amended Credit Agreement will be deemed to have applied from and after March 31, any Guarantor or any other party 2014)) with respect to the period prior to the Amendment Effective Date shall continue to be governed by the provision of the Existing Credit Agreement and Existing Loan Documents prior to giving effect to this Agreement and the amendments contemplated hereby (and all accrued interest and fees under the Existing Credit Agreement or any other Loan Document, and shall not alter, modify, amend or in any way affect any of continue to be payable on the terms, conditions, obligations, covenants or agreements contained in dates such amounts would be payable pursuant to the Existing Credit Agreement) and (ii) the Existing Guaranty and Pledge Agreement or shall be automatically terminated on the Amendment Effective Date and Holdings shall be automatically released from any other Loan Document, all of which are ratified obligations thereunder from and affirmed in all respects and shall continue in full force and effectafter such date. This Amendment shall constitute a “Loan Document” for all purposes of the Amended The Existing Credit Agreement and the other Existing Loan Documents. (b) Except as expressly set forth herein, nothing herein shall be deemed to entitle the Borrower or any Guarantor to a consent to, or a waiver, amendment, modification or other change of, any of the terms, conditions, obligations, covenants or agreements contained in the Existing Credit Agreement or Amended Credit Agreement on any future occasion. (c) By signing this Amendment, the Borrower hereby acknowledges and reaffirms, as of the date hereof, that (i) the obligations of each of the Loan Parties under the Amended Credit Agreement and the other Loan Documents (as specifically amended hereby) constitute Obligations and are entitled to the benefit of the guarantees set forth in the Facility Guaranty and the benefits set forth in each Loan Document and (ii) the Loan Documents , are, and shall continue to be, in full force and effect and are hereby ratified and confirmed in all respects. SECTION 7.

Appears in 1 contract

Samples: Credit Agreement (Caesars Entertainment Operating Company, Inc.)

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