Common use of Confirmation of Collateral Clause in Contracts

Confirmation of Collateral. Nothing contained herein shall be deemed to be a compromise, satisfaction, accord and satisfaction, novation or release of any of the Loan Documents, or any rights or obligations thereunder, or a waiver by Bank of any of its rights under the Loan Documents or at law or in equity. All liens, security interests, rights and remedies granted to Bank in Loan Documents are hereby ratified, confirmed and continued. Borrowers acknowledge and agree that the term “Loan Documents” as used in the Loan Agreement and any other documents executed in connection therewith shall include, without limitation, this Amendment.

Appears in 1 contract

Samples: Loan and Security Agreement (Berger Holdings LTD)

AutoNDA by SimpleDocs

Confirmation of Collateral. Nothing contained herein shall be deemed to be a compromise, satisfaction, accord and satisfaction, novation or release of any of the Loan Documents, or any rights or obligations thereunder, or a waiver by Bank Lender of any of its rights under the Loan Documents or at law or in equity. All liens, security interests, rights and remedies granted to Bank Lender in Loan Documents are hereby ratified, confirmed and continued. Borrowers acknowledge and agree that the term “Loan Documents” as used in the Loan Agreement and any other documents executed in connection therewith shall include, without limitation, this AmendmentAmendment and any and all other documents executed in connection herewith.

Appears in 1 contract

Samples: Loan and Security Agreement (Zanett Inc)

Confirmation of Collateral. Nothing contained herein in this Amendment shall be deemed to be a compromise, satisfaction, accord and satisfaction, novation or release of any of the Loan Documents, Documents or any rights or obligations thereunderunder the Loan Documents, or a waiver by Bank Lender of any of its rights under the Loan Documents or Documents, at law or in equity. All Notwithstanding anything to the contrary contained in the Management Agreement, all liens, security interestsinterest, rights and remedies granted to Bank in the Lender herein and under the Loan Documents are hereby ratified, confirmed and continued. Borrowers acknowledge and agree that the term “Loan Documents” as used in the Loan Agreement and any other documents executed in connection therewith shall include, without limitation, this Amendment.

Appears in 1 contract

Samples: Loan and Security Agreement (Raintree Resorts International Inc)

AutoNDA by SimpleDocs

Confirmation of Collateral. Nothing contained herein shall be deemed to be a compromise, satisfaction, accord and satisfaction, novation or release of any of the Loan Documents, or any rights or obligations thereunder, or a waiver by Bank Lender of any of its rights under the Loan Documents or at law or in equity. All liens, security interests, rights and remedies granted to Bank Lender in Loan Documents are hereby ratified, confirmed and continued. Borrowers acknowledge and agree that the term "Loan Documents" as used in the Loan Agreement and any other documents executed in connection therewith shall include, without limitation, this AmendmentAmendment and any and all other documents executed in connection herewith.

Appears in 1 contract

Samples: Loan and Security Agreement (Zanett Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!