Common use of Confirmation and Undertaking Clause in Contracts

Confirmation and Undertaking. 5.1 The Borrower confirms that all of its 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 Facility Agreement made in this Second Supplemental Agreement, as if all references in any of the Security Documents to the Original Facility Agreement (however described) were references to the Original Facility Agreement as amended and supplemented by this Second Supplemental Agreement.

Appears in 1 contract

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

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Confirmation and Undertaking. 5.1 The Borrower 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 Facility Loan Agreement made in or pursuant to this Second Fifth Supplemental Agreement, as if all references in any of the Security Documents to the Original Facility Loan Agreement (however described) were references to the Original Facility Loan Agreement as amended and supplemented by this Second Fifth Supplemental Agreement.

Appears in 1 contract

Samples: Fifth Supplemental Agreement (Top Ships Inc.)

Confirmation and Undertaking. 5.1 The Borrower 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 Facility Loan Agreement made in this Second Supplemental Agreement, as if all references in any of the Security Documents to the Original Facility Loan Agreement (however described) were references to the Original Facility Loan Agreement as amended and supplemented by this Second Supplemental Agreement.

Appears in 1 contract

Samples: Supplemental Agreement (Top Ships Inc.)

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

Appears in 1 contract

Samples: Second Supplemental Agreement (DryShips Inc.)

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Confirmation and Undertaking. 5.1 The Borrower 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 Facility Loan Agreement made in this Second Supplemental Agreement, as if all references in any of the Security Documents to the Original Facility Loan Agreement (however described) were references to the Original Facility Loan Agreement as amended and supplemented by this Second Supplemental Agreement.

Appears in 1 contract

Samples: Supplemental Agreement (Top Ships Inc.)

Confirmation and Undertaking. 5.1 The Borrower Each of the Borrowers and the Guarantor 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 Facility Loan Agreement made in this Second Supplemental Agreement, as if all references in any of the Security Documents to the Original Facility Loan Agreement (however described) were references to the Original Facility Loan Agreement as amended and supplemented by this Second Supplemental Agreement.

Appears in 1 contract

Samples: EuroDry Ltd.

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