Common use of Confirmation of Existing Loans Clause in Contracts

Confirmation of Existing Loans. Borrowers hereby ratify, confirm and acknowledge that the statements contained in the foregoing Background are true, accurate and correct and that the Loan Documents, as that term is defined in the Agreement, are valid, binding and in full force and effect as of the date hereof. Borrowers further acknowledge, confirm, represent and warrant that they have no defenses, set-offs, counterclaims, or challenges to or against the payment of any sums owing under the Loan Documents, or to the enforceability or validity of the terms thereof. Borrowers further acknowledge, confirm, represent and warrant that they have no claims, suits or causes of action against the Bank and hereby remise, release and forever discharge the Bank, its officers, directors, shareholders, representatives and their successors and assigns, and any of them, from any claims, causes of action, suits, or demands whatsoever in law and equity, which they have or may have from the beginning of the world to the date of this Third Amendment. Neither this Third Amendment nor any of the documents executed in connection herewith, is in any way intended to constitute a novation of or to the Loan Documents.

Appears in 1 contract

Samples: Loan and Security Agreement (Moro Corp)

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Confirmation of Existing Loans. Borrowers Borrower hereby ratifyratifies, confirm confirms and acknowledge acknowledges that the statements contained in the foregoing Background are true, accurate and correct and that the Loan Documents, as that term is defined in the Agreement, Documents are valid, binding and in full force and effect as of the date hereof. Borrowers , Borrower further acknowledgeacknowledges, confirmconfirms, represent represents and warrant warrants that they have it has no defenses, set-offs, counterclaims, or challenges to or against the payment of any sums owing under the Loan Documents, or to the enforceability or validity of the terms thereof. Borrowers Borrower further acknowledge, confirm, represent acknowledges and warrant confirms and represents and warrants that they have it has no claims, suits or causes of action against the Bank and hereby remiseremises, release releases and forever discharge discharges the Bank, its officers, directors, shareholders, representatives and their successors and assigns, and any of them, from any claims, causes of action, suits, or demands whatsoever in law and equity, which they have it has or may have from the beginning of the world to the date of this Third Second Amendment. Neither this Third Second Amendment nor any of the documents executed in connection herewith, is in any way intended to constitute a novation of or to the Loan Documents.

Appears in 1 contract

Samples: Loan and Security Agreement (Orthovita Inc)

Confirmation of Existing Loans. Borrowers hereby ratify, confirm and acknowledge that the statements contained in the foregoing Background are true, accurate and correct and that the Loan Documents, as that term is defined in the Agreement, are valid, binding and in full force and effect as of the date hereof. Borrowers further acknowledge, confirm, represent and warrant that they have no defenses, set-offs, counterclaims, or challenges to or against the payment of any sums owing under the Loan Documents, or to the enforceability or validity of the terms thereof. Borrowers further acknowledge, confirm, represent and warrant that they have no claims, suits or causes of action against the Bank and hereby remise, release and forever discharge the Bank, its officers, directors, shareholders, representatives and their successors and assigns, and any of them, from any claims, causes of action, suits, or demands whatsoever in law and equity, which they have or may have from the beginning of the world to the date of this Third Second Amendment. Neither this Third Second Amendment nor any of the documents executed in connection herewith, is in any way intended to constitute a novation of or to the Loan Documents.

Appears in 1 contract

Samples: Loan and Security Agreement (Moro Corp)

Confirmation of Existing Loans. Borrowers hereby ratify, confirm and acknowledge that the statements contained in the foregoing Background are true, accurate and correct and that the Loan Documents, as that term is defined in the Agreement, are valid, binding and in full force and effect as of the date hereof. Borrowers further acknowledge, confirm, represent and warrant that they have no defenses, set-offs, counterclaims, or challenges to or against the payment of any sums owing under the Loan Documents, or to the enforceability or validity of the terms thereof. Borrowers further acknowledge, confirm, represent and warrant that they have no claims, suits or causes of action against the Bank and hereby remise, release and forever discharge the Bank, its officers, directors, shareholders, representatives and their successors and assigns, and any of them, from any claims, causes of action, suits, or demands whatsoever in law and equity, which they have or may have from the beginning of the world to the date of this Third First Amendment. Neither this Third First Amendment nor any of the documents executed in connection herewith, is in any way intended to constitute a novation of or to the Loan Documents.

Appears in 1 contract

Samples: Loan and Security Agreement (Moro Corp)

Confirmation of Existing Loans. Borrowers Borrower hereby ratifyratifies, confirm confirms and acknowledge acknowledges that the statements contained in the foregoing Background are true, accurate and correct and that the Loan Documents, as that term is defined in the Agreement, Documents are valid, binding and in full force and effect as of the date hereof. Borrowers Borrower further acknowledgeacknowledges, confirmconfirms, represent represents and warrant warrants that they have it has no defenses, set-offs, counterclaims, or challenges to or against the payment of any sums owing under the Loan Documents, or to the enforceability or validity of the terms thereof. Borrowers Borrower further acknowledge, confirm, represent acknowledges and warrant confirms and represents and warrants that they have it has no claims, suits or causes of action against the Bank and hereby remiseremises, release releases and forever discharge discharges the Bank, its officers, directors, shareholders, representatives and their successors and assigns, and any of them, from any claims, causes of action, suits, or demands whatsoever in law and equity, which they have it has or may have from the beginning of the world to the date of this Third First Amendment. Neither this Third First Amendment nor any of the documents executed in connection herewith, is in any way intended to constitute a novation of or to the Loan Documents.

Appears in 1 contract

Samples: Loan and Security Agreement (Orthovita Inc)

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Confirmation of Existing Loans. Borrowers Borrower hereby ratifyratifies, confirm confirms and acknowledge acknowledges that the statements contained in the foregoing Background are true, accurate and correct and that the Loan Documents, as that term is defined in the Agreement, are valid, binding and in full force and effect as of the date hereof. Borrowers Borrower further acknowledgeacknowledges, confirmconfirms, represent represents and warrant warrants that they have it has no defenses, set-offs, counterclaims, or challenges to or against the payment of any sums owing under the Loan Documents, or to the enforceability or validity of the terms thereof. Borrowers Borrower further acknowledgeacknowledges, confirmconfirms, represent represents and warrant warrants that they have it has no claims, suits or causes of action against the Bank and hereby remiseremises, release releases and forever discharge discharges the Bank, its officers, directors, shareholders, representatives and their successors and assigns, and any of them, from any claims, causes of action, suits, or demands whatsoever in law and equity, which they have it has or may have from the beginning of the world to the date of this Third First Amendment. Neither this Third First Amendment nor any of the documents executed in connection herewith, is in any way intended to constitute a novation of or to the Loan Documents.

Appears in 1 contract

Samples: Loan and Security Agreement (Moro Corp)

Confirmation of Existing Loans. Borrowers hereby ratify, confirm and acknowledge that the statements contained in the foregoing Background are true, accurate and correct and that the Loan Documents, as that term is defined in the Agreement, are valid, binding and in full force and effect as of the date hereof. Borrowers further acknowledge, confirm, represent and warrant that they have no defenses, set-offs, counterclaims, or challenges to or against the payment of any sums owing under the Loan Documents, or to the enforceability or validity of the terms thereof. Borrowers further acknowledge, confirm, represent and warrant that they have no claims, suits or causes of action against the Bank and hereby remise, release and forever discharge the Bank, its officers, directors, shareholders, representatives and their successors and assigns, and any of them, from any claims, causes of action, suits, or demands whatsoever in law and equity, which they have or may have from the beginning of the world to the date of this Third Fifth Amendment. Neither this Third Fifth Amendment nor any of the documents executed in connection herewith, herewith is in any way intended to constitute a novation of or to the Loan Documents.

Appears in 1 contract

Samples: Loan and Security Agreement (Moro Corp)

Confirmation of Existing Loans. Borrowers hereby ratify, confirm and acknowledge that the statements contained in the foregoing Background are true, accurate and correct and that the Loan Documents, as that term is defined in the Agreement, are valid, binding and in full force and effect as of the date hereof. Borrowers further acknowledge, confirm, represent and warrant that they have no defenses, set-offs, counterclaims, or challenges to or against the payment of any sums owing under the Loan Documents, or to the enforceability or validity of the terms thereof. Borrowers further acknowledge, confirm, represent and warrant that they have no claims, suits or causes of action against the Bank and hereby remise, release and forever discharge the Bank, its officers, directors, shareholders, representatives and their successors and assigns, and any of them, from any claims, causes of action, suits, or demands whatsoever in law and equity, which they have or may have from the beginning of the world to the date of this Third Fourth Amendment. Neither this Third Fourth Amendment nor any of the documents executed in connection herewith, is in any way intended to constitute a novation of or to the Loan Documents.

Appears in 1 contract

Samples: Loan and Security Agreement (Moro Corp)

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