Common use of Confirmation and Undertaking Clause in Contracts

Confirmation and Undertaking. 5.1 Each of the Security Parties confirms that all of its respective obligations under or pursuant to each of the Security Documents to which it is a party remain in full force and effect, despite the amendments to the Loan Agreement made in this Supplemental Agreement, as if all references in any of the Security Documents to the Loan Agreement were references to the Loan Agreement as amended and supplemented by this Supplemental Agreement.

Appears in 8 contracts

Samples: Supplemental Agreement, Supplemental Agreement (Costamare Inc.), First Supplemental Agreement (DryShips Inc.)

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Confirmation and Undertaking. 5.1 Each of the Security Parties confirms that all of its respective obligations under or pursuant to each of the Security Documents to which it is a party remain in full force and effect, despite the amendments to the Loan Original Facility Agreement made in this Supplemental Agreement, as if all references in any of the Security Documents to the Loan Facility Agreement (however described) were references to the Loan Original Facility Agreement as amended and supplemented by this Supplemental Agreement.

Appears in 4 contracts

Samples: Supplemental Agreement (Safe Bulkers, Inc.), Credit Facility Agreement (Safe Bulkers, Inc.), Safe Bulkers, Inc.

Confirmation and Undertaking. 5.1 7.1 Each of the Security Parties confirms that all of its respective obligations under or pursuant to each of the Security Documents to which it is a party remain in full force and effect, despite the amendments to the Loan Original Facility Agreement made in this Second Supplemental Agreement, as if all references in any of the Security Documents to the Loan Original Facility Agreement (however described) were references to the Loan Original Facility Agreement as amended and supplemented by this Second Supplemental Agreement.

Appears in 3 contracts

Samples: Supplemental Agreement (Safe Bulkers, Inc.), Second Supplemental Agreement (Safe Bulkers, Inc.), Second Supplemental Agreement (Safe Bulkers, Inc.)

Confirmation and Undertaking. 5.1 Each of the Security Parties confirms that all of its respective obligations under or pursuant to each of the Security Finance Documents (other than the Loan Agreement) to which it is a party remain in full force and effect, despite the amendments to the Loan Agreement made in this Supplemental Agreement, as if all references in any of the Security Finance Documents to the Loan Agreement were references to the Loan Agreement as amended and supplemented restated by this Supplemental Agreement.

Appears in 3 contracts

Samples: Fourth Supplemental Agreement (TORM PLC), Fourth Supplemental Agreement (TORM PLC), Fourth Supplemental Agreement (TORM PLC)

Confirmation and Undertaking. 5.1 6.1 Each of the Security Parties confirms that all of its respective obligations under or pursuant to each of the Security Documents to which it is a party remain in full force and effect, despite the amendments to the Original Loan Agreement made in this Supplemental Agreement, as if all references in any of the Security Documents to the Original Loan Agreement were references to the Original Loan Agreement as amended and supplemented by this Supplemental Agreement.

Appears in 2 contracts

Samples: Genco Shipping & Trading LTD, Genco Shipping & Trading LTD

Confirmation and Undertaking. 5.1 7.1 Each of the Security Parties confirms that all of its respective obligations under or pursuant to each of the Security Documents to which it is a party remain in full force and effect, despite the amendments to the Loan Original Facility Agreement made in this First Supplemental Agreement, as if all references in any of the Security Documents to the Loan Original Facility Agreement (however described) were references to the Loan Original Facility Agreement as amended and supplemented by this First Supplemental Agreement.

Appears in 2 contracts

Samples: First Supplemental Agreement (Safe Bulkers, Inc.), First Supplemental Agreement (Safe Bulkers, Inc.)

Confirmation and Undertaking. 5.1 Each of the Security Parties confirms that all of its respective obligations under or pursuant to each of the Security Documents to which it is a party remain in full force and effect, despite the amendments to the Loan Agreement and the Security Documents made in this First Supplemental Agreement, as if all references in any of the Security Documents to the Loan Agreement and Security Documents (however described) were references to the Loan Agreement and the Security Documents as amended and supplemented by this First Supplemental Agreement.

Appears in 2 contracts

Samples: First Supplemental Agreement (Paragon Shipping Inc.), First Supplemental Agreement (Paragon Shipping Inc.)

Confirmation and Undertaking. 5.1 Each of the Security Parties confirms that all of its its/his respective obligations under or pursuant to each of the Security Documents to which it it/he is a party remain in full force and effect, despite the amendments to the Loan Agreement and the Security Documents made in this Supplemental Agreement, as if all references in any of the Security Documents to the Loan Agreement (however described) were references to the Loan Agreement as amended and supplemented by this Supplemental Agreement.

Appears in 1 contract

Samples: Supplemental Agreement (Poseidon Containers Holdings Corp.)

Confirmation and Undertaking. 5.1 Each of the Security Parties confirms that all of its respective obligations under or pursuant to each of the Security Documents to which it is a party remain in full force and effect, despite the amendments to the Loan Agreement made in this Supplemental Agreement, as if all references in any of the Security Documents to the Loan Agreement were references to the Loan Agreement as amended amended, supplemented and supplemented novated by this Supplemental Agreement.

Appears in 1 contract

Samples: First Supplemental Agreement (Top Ships Inc.)

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Confirmation and Undertaking. 5.1 7.1 Each of the Security Parties confirms that all of its respective obligations under or pursuant to each of the Security Documents to which it is a party remain in full force and effect, despite the amendments to the Loan Original Facility Agreement made in this Third Supplemental Agreement, as if all references in any of the Security Documents to the Loan Original Facility Agreement (however described) were references to the Loan Original Facility Agreement as amended and supplemented by this Third Supplemental Agreement.

Appears in 1 contract

Samples: Third Supplemental Agreement (Safe Bulkers, Inc.)

Confirmation and Undertaking. 5.1 6.1 Each of the Security Parties confirms that all of its respective obligations under or pursuant to each of the Security Documents to which it is a party remain in full force and effect, despite the amendments to the Loan Agreement made in the First Supplemental Agreement and in this Supplemental Agreement, as if all references in any of the Security Documents to the Loan Agreement were references to the Loan Agreement as amended and supplemented by the First Supplemental Agreement and this Supplemental Agreement.

Appears in 1 contract

Samples: Agreement (Usg Corp)

Confirmation and Undertaking. 5.1 Each of the Security Parties confirms that all of its respective obligations under or pursuant to each of the Security Documents to which it is a party remain in full force and effect, despite the amendments to the Original Loan Agreement made in this Second Supplemental Agreement, as if all references in any of the Security Documents to the Original Loan Agreement (however described) were references to the Original Loan Agreement as amended and supplemented by this Second Supplemental Agreement.

Appears in 1 contract

Samples: Second Supplemental Agreement (DryShips Inc.)

Confirmation and Undertaking. 5.1 Each of the Security Parties confirms that all of its respective obligations under or pursuant to each of the Security Documents to which it is a party remain in full force and effect, despite the amendments to the Original Loan Agreement made in this Supplemental Agreement, as if all references in any of the Security Documents to the Original Loan Agreement were references to the Original Loan Agreement as amended and supplemented by this Supplemental Agreement.

Appears in 1 contract

Samples: First Supplemental Agreement (DryShips Inc.)

Confirmation and Undertaking. 5.1 Each of the Security Parties confirms that all of its respective obligations under or pursuant to each of the Security Documents to which it is a party remain in full force and effect, despite the amendments to the Loan Agreement made in this Second Supplemental Agreement, as if all references in any of the Security Documents to the Loan Agreement were references to the Loan Agreement as amended and supplemented by this Second Supplemental Agreement.

Appears in 1 contract

Samples: Second Supplemental Agreement (Costamare Inc.)

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