Confirmation and Ratification. Except as affected by the provisions set forth herein, the Loan Agreement shall remain in full force and effect and is hereby ratified and confirmed by all parties. The execution, delivery and effectiveness of this Amendment shall not, except as expressly provided herein, operate as a waiver of any right, power or remedy of Lenders under the Loan Agreement or the other Loan Documents.
Confirmation and Ratification. Borrower and Guarantors confirm and agree that each pledge, assignment, security interest, lien or other encumbrance made by Borrower and Guarantors in favor of Lender under any Loan Document is hereby ratified and confirmed in all respects. Borrower and each Guarantor each acknowledges and confirms the validity and enforceability of all Loan Documents to which it is a party. Borrower and each Guarantor represents and warrants to Lender that such party has no right of offset, defense or counterclaim to the payment or performance of the Loans or any of its other obligations under any of the Loan Documents to which it is a party.
Confirmation and Ratification. Except as expressly amended herein, all unmodified and remaining terms and conditions of the Agreement shall remain in full force and effect. All capitalized terms not defined in this Amendment shall have the same meaning as set forth in the Agreement. In the event of a conflict between the Agreement and the Amendment, the terms of the Amendment shall govern.
Confirmation and Ratification. (a) Notwithstanding any provision in the LLC Agreement to the contrary, the acquisition by the Member of all of the limited liability company interests in the Company pursuant to the Merger and the admission of the Member as the sole member of the Company, effective as of the effective time of the Merger (the “Effective Time”), are deemed to have occurred and are hereby ratified, approved and confirmed in all respects.
Confirmation and Ratification. Each of the undersigned hereby confirms and ratifies their respective Security Agreements, Pledge Agreements, Guaranties, and any other WorldCom Documents to which it is a party, in their respective entirety and further agrees that the liabilities and obligations evidenced by the Notes, shall be considered as part of the Obligations, for all purposes, including without limitation, the guaranty of such Obligations under each of the Guarantys of PT-1 and Xxxxxx, each dated as of April 12, 2000, as the same may be amended, modified or supplemented from time to time, and the security provided therefor under the respective Security Agreements and Pledge Agreements of the Debtor, PT-1 and Xxxxxx, each dated as of April 12, 2000, as the same may be amended, modified or supplemented from time to time.
Confirmation and Ratification. 3. In all other respects, the Option Agreement (as amended by the Amending Agreements) as further amended hereby, shall remain the same and be of full force and effect and applicable against the parties hereto, and the provisions thereof, as further amended hereby, are hereby ratified and confirmed.
Confirmation and Ratification. The Loan Agreement as hereby amended is hereby ratified and confirmed by all of the parties hereto, and every provision, covenant, condition, obligation, right, term and power contained in and under the Loan Agreement, as hereby amended, shall continue in full force and effect.
Confirmation and Ratification. (a) The Assignee and the Assignor confirm the accuracy of the recitals, and ratify and confirm the Contribution, in all respects, effective as of the Effective Date.
Confirmation and Ratification. Each Loan Party that is a party to the Guaranty Agreement hereby confirms that the Guaranty Agreement executed by it at the time of the Original Credit Agreement (A) is hereby amended and supplemented to guarantee, in addition to the obligations described therein, all Obligations under the Short-Term Credit Agreement and (B) is and shall continue to be in full force and effect with respect to the obligations described therein, notwithstanding the execution and delivery of the Short-Term Credit Agreement and the consummation of the transactions described in the Short-Term Credit Agreement
Confirmation and Ratification. The Indenture, supplemented as hereinabove set forth, is in all respects ratified and confirmed, and the terms and conditions thereof, supplemented as hereinabove set forth, shall be and remain in full force and effect.
