Common use of Confirmation of Loan Documents by Loan Parties Clause in Contracts

Confirmation of Loan Documents by Loan Parties. (a) This Amendment shall constitute a Loan Document, as such term is defined in the Credit Agreement. The amendments contained herein shall not be construed as a waiver or amendment of any other provision of the Credit Agreement or the other Loan Documents or for any purpose except as expressly set forth herein or a consent to any further or future action on the part of any Loan Party that would require the waiver or consent of the Administrative Agent or the Lenders. (b) This Amendment is not intended to nor shall it be construed to create a novation or accord and satisfaction with respect to any of the Obligations. (c) Each of the Borrower and Holdings hereby reaffirms its obligations under the Credit Agreement and each of the other Loan Documents to which it is a party, as the same are amended hereby, and agrees and acknowledges that each such document and all of such obligations thereunder, remain in full force and effect after giving effect to this Amendment. (d) Each of the undersigned Grantors, in its capacity as such, consents to the Credit Agreement Amendments and acknowledges and agrees that the guarantees and grants of security interests made by such party contained in the Guarantee and Collateral Agreement and the other Security Documents are, and shall remain, in full force and effect after giving effect to this Amendment.

Appears in 2 contracts

Samples: Credit Agreement (Tronox Inc), Credit Agreement (Tronox Inc)

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Confirmation of Loan Documents by Loan Parties. (a) This Amendment shall constitute a Loan Document, as such term is defined in the Credit Term Loan Agreement. The amendments contained herein shall not be construed as a waiver or amendment of any other provision of the Credit Term Loan Agreement or the other Loan Documents or for any purpose except as expressly set forth herein or a consent to any further or future action on the part of any Loan Party that would require the waiver or consent of the Administrative Agent or the Lenders. (b) This Amendment is not intended to nor shall it be construed to create a novation or accord and satisfaction with respect to any of the Obligations. (c) Each of the The Borrower and Holdings each Guarantor hereby (i) reaffirms its obligations under the Credit Agreement Term Loan Agreement, the Guarantee and Collateral Agreement, the other Security Documents hereby and each of the other Loan Documents to which it is a party, as the same are amended hereby, hereby and (ii) agrees and acknowledges that each such document and all of such obligations thereunder, remain in full force thereunder and effect after giving effect to this Amendment. (d) Each of the undersigned Grantors, in its capacity as such, consents to the Credit Agreement Amendments and acknowledges and agrees that the guarantees and grants of security interests made by such party contained in the Guarantee and Collateral Agreement and the other Security Documents therein are, and shall remain, in full force and effect after giving effect to this the Amendment.

Appears in 1 contract

Samples: Term Loan Agreement (Venoco, Inc.)

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Confirmation of Loan Documents by Loan Parties. (a) This Amendment shall constitute a Loan Document, as such term is defined in the Credit Agreement. The amendments contained herein shall not be construed as a waiver or amendment of any other provision of the Credit Agreement or the other Loan Documents or for any purpose except as expressly set forth herein or a consent to any further or future action on the part of any Loan Party that would require the waiver or consent of the Administrative Agent or the Lenders. (b) This Amendment is not intended to nor shall it be construed to create a novation or accord and satisfaction with respect to any of the Obligations. (c) Each of the Borrower and Holdings hereby reaffirms its obligations under the Credit Agreement and each of the other Loan Documents to which it is a party, as the same are amended hereby, and agrees and acknowledges that each such document and all of such obligations thereunder, remain in full force and effect after giving effect to this Amendment. (d) Each of the undersigned Grantors, in its capacity as such, consents to the Credit Agreement Amendments and acknowledges and agrees that the guarantees and grants of security interests made by such party contained in the Guarantee and Collateral Agreement and the other Security Documents are, and shall remain, in full force and effect after giving effect to this Amendment.

Appears in 1 contract

Samples: Credit Agreement (Tronox Inc)

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