Confirmation and Reaffirmation. All of the terms, covenants, conditions, waivers and consents contained in the Loan Documents shall, remain in full force and effect. The Loan Documents, as hereby amended, and the indebtedness evidenced thereby are hereby ratified and confirmed, and each and every grant, provision, covenant, condition, obligation, right and power contained therein or existing with respect thereto shall continue in full force and effect. Borrower hereby acknowledges and agrees that the Loan Documents, as amended, are enforceable against Borrower in accordance with their terms.
Confirmation and Reaffirmation. All of the terms, covenants, conditions, waivers and consents contained in the Mortgage shall, remain in full force and effect. The Mortgage, as hereby amended, the indebtedness secured thereby and the security provided thereby are hereby ratified and confirmed, and each and every grant, provision, covenant, condition, obligation, right and power contained therein or existing with respect thereto shall continue in full force and effect. Mortgagor hereby acknowledges and agrees that the Loan Documents, as amended hereby, are enforceable against the Mortgagor and against the Mortgaged Property in accordance with their terms.
Confirmation and Reaffirmation. The Loan Parties confirm that the Credit Agreement and each Loan Document is, and shall continue to be, in full force and effect. The Loan Parties further confirm and represents that the Collateral (within the meaning of such term under the Credit Agreement as amended hereby) remains free and clear of all Liens other than those in favor of Agent or as otherwise permitted in the Loan Documents. Nothing contained herein is intended to in any way impair or limit the validity, priority or extent of Agent’s security interest in and Liens upon the Collateral of any Loan Party. After giving effect to the amendments set forth herein, as of the date hereof, the outstanding principal balance of the Term Loan would be $51,723,666.35 and the accrued and unpaid interest thereon will be $688,212.72.
Confirmation and Reaffirmation. By its execution on the respective signature lines provided below, as of the Amendment Effective Date, the Borrower hereby confirms and ratifies all of its obligations and the Liens granted by it under any Security Document to which it is a party and all of its obligations under any Environmental Indemnity Agreement to which it is a party.
Confirmation and Reaffirmation. All of the terms, covenants, conditions, waivers and consents contained in the Agreement, the other agreements referred to therein and the other Loan Documents, as amended hereby, are and shall remain in full force and effect. The Agreement, the other agreements referred to therein and the other Loan Documents, as amended hereby, the indebtedness evidenced and secured thereby and the security provided thereby are hereby ratified and confirmed, and each and every grant, provision, covenant, condition, obligation, right and power contained therein or existing with respect thereto shall continue in full force and effect. Borrower and Parent hereby acknowledge and agree that the Agreement, the other agreements referred to therein and the other Loan Documents, as amended hereby, are enforceable against Borrower and Parent and against the Collateral in accordance with their terms.
Confirmation and Reaffirmation. Each Subsidiary Guarantor hereby agrees, acknowledges and affirms that (i) it is a “Guarantor” for all purposes under, and as defined in, the Subsidiary Guarantee to which it is a party, (ii) its obligations and liabilities under such Subsidiary Guarantee continue to be in full force and effect, (iii) such obligations and liabilities extend to, and the “Guaranteed Obligations” under, and as defined in, such Subsidiary Guarantee shall include, the obligations and liabilities of the Obligors under, and in respect of, the Note Purchase Agreement, the Notes and the other Financing Agreements (in each case, as modified by this Amendment), and (iv) it has no defense, offset, counterclaim, right of recoupment or independent claim against the Noteholders with respect to such Subsidiary Guarantee, the Note Purchase Agreement, the Notes, any other Financing Agreement or otherwise.
Confirmation and Reaffirmation. Each of the Subordinated Creditors and the Debtors hereby (i) confirms and agrees that the Subordination Agreement is and shall continue to be in full force and effect and continue to be the legal, valid and binding obligations of such Person, enforceable against such Person in accordance with the terms thereof and (ii) reaffirms all of its obligations owing to any other Person thereunder.
Confirmation and Reaffirmation. The Parent hereby consents, acknowledges and agrees to the waiver and the amendments set forth herein and hereby confirms and ratifies in all respects the Parent Guaranty and the enforceability of the Parent Guaranty against the Parent in accordance with its terms. The Parent hereby reaffirms, ratifies and confirms its grant of Liens under each of the Loan Documents to which it is a party.
Confirmation and Reaffirmation. Each of the Borrowers, as borrowers and as “Grantors” (or in such other similar capacity) under the Security Documents, and each other Loan Party as a “Guarantor” or “Grantor” (or in such other similar capacity) under the Guarantee Agreement and/or the Security Documents (each of the Loan Parties is referred to in this Section 10.23 as a “Grantor”), hereby affirms its respective guarantees, pledges and grants of security interests, as applicable, under and subject to the terms of the Guarantee Agreement, the Domestic Collateral Agreement and each of the Security Documents to which it is party, and hereby (i) confirms and agrees that notwithstanding the effectiveness of this Agreement and the amendment and restatement of the Existing Credit Agreement hereby, each of the Guarantee Agreement and the Domestic Collateral Agreement and each other Security Document to which it is a party is, and shall continue to be, in full force and effect and is hereby ratified and confirmed in all respects, except that, on and after the effectiveness hereof, each reference in the Guarantee and in the Domestic Collateral Agreement or any other Security Document to the “Credit Agreement”, “thereunder”, “thereof” or words of like import shall mean and be a reference to this Agreement, (ii) confirms and agrees that the Guarantee Agreement and the Security Documents to which such Grantor is a party and all of the Collateral described therein do, and shall continue to, guaranty and secure the complete payment and performance when due of all of the Secured Obligations under this Agreement and the other Loan Documents, including but not limited to the Secured Obligations in respect of the Loans, and (iii) affirms its grant to the Administrative Agent (in each case under and pursuant to the provisions of the applicable Security Documents), for the ratable benefit of the Secured Parties, of a security interest in all of the applicable Collateral and all other collateral in which a Lien is purported to be granted under the Security Documents to which it is a party, now owned or at any time hereafter acquired by such Grantor or in which such Grantor now has or at any time in the future may acquire any right, title or interest, as collateral security for the payment of such Grantor’s Secured Obligations under this Agreement and the other Loan Documents, including such Secured Obligations in respect of the Loans. This Section 10.23 is intended to affirm and acknowledge that the guaranty an...
Confirmation and Reaffirmation. Each of the Loan Parties hereby acknowledges the term of this Agreement, and hereby confirms that all security and other Loan Documents entered into by it in connection with the Original Credit Agreement continues to be valid, binding, enforceable and in full force and effect against such Loan Party, and each of the Loan Parties hereby reaffirms all security interests and pledges granted by such Loan Party in favour of the Administrative Agent pursuant to the Loan Documents, as amended pursuant to this Agreement. Sierra Wireless (UK) Limited (a Guarantor) (for the purposes of this Section 11.24, the “English Guarantor”) reaffirms that the rights and obligations under the Security Documents including, without limitation, the security constituted by the Security Documents executed by it shall: xcvi
