Common use of Confirmation and Reaffirmation Clause in Contracts

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.

Appears in 1 contract

Samples: Credit Agreement and Acknowledgment (Presto Automation Inc.)

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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 hereofMarch 15, 2024, the outstanding principal balance of the Term Loan would be $51,723,666.35 52,751,090.55 and the accrued and unpaid interest thereon will be $688,212.72175,836.97.

Appears in 1 contract

Samples: Credit Agreement (Presto Automation Inc.)

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 Upon the effectiveness of the amendments set forth herein, as of the date hereofMay 22, 2023, the outstanding principal balance of the Term Loan would will be $51,723,666.35 59,296,327.81 and the accrued and unpaid interest thereon will be $688,212.72502,469.40.

Appears in 1 contract

Samples: Credit Agreement (Presto Automation Inc.)

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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 hereofOctober 10, 2023, the outstanding principal balance of the Term Loan would be $51,723,666.35 59,394,638.36 and the accrued and unpaid interest thereon will be $688,212.72261,227.66.

Appears in 1 contract

Samples: Credit Agreement (Presto Automation Inc.)

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