Common use of Confirmation of Background Clause in Contracts

Confirmation of Background. Borrowers hereby ratify, confirm and acknowledge that the statements contained in the foregoing Background are true and complete and that the Documents are valid, binding and in full force and effect as of the date hereof and fully enforceable against Borrowers in accordance with the terms thereof. Borrowers further acknowledge and agree that nothing contained in this Agreement shall be deemed to impair, reduce or release in any manner whatsoever any of the obligations or liabilities of Borrowers under the Documents.

Confirmation of Background. Borrowers hereby jointly and severally ratify, confirm and acknowledge that the statements contained in the foregoing Background are true and complete in all respects and that the Indebtedness Documents are valid, binding and in full force and effect as of the date hereof and fully enforceable against the Original Borrowers and their assets in accordance with the terms thereof. Borrowers further acknowledge and agree that nothing contained in this Agreement shall be deemed to impair, reduce or release in any manner whatsoever any of the obligations or liabilities of Borrowers under the Documents.

Confirmation of Background. Borrowers hereby ratify, confirm and acknowledge that the statements contained in the foregoing Background are true and complete and that the Documents are valid, binding and in full force and effect as of the date hereof and fully enforceable against Borrowers in accordance with the terms thereof. Borrowers further acknowledge and agree that nothing contained in this Agreement shall be deemed to impair, reduce or release in any manner whatsoever any of the obligations or liabilities of Borrowers under the Documents. 3.