Common use of Confirmation of Obligations; Release Clause in Contracts

Confirmation of Obligations; Release. (a) The Borrower hereby confirms that the Borrower is indebted to the Lenders for the Loans in the amounts and as of the date set forth in Recital B, above, and is also obligated to the Lenders in respect of other obligations as set forth in the Credit Agreement and the other Loan Documents. The Borrower further acknowledges and agrees that as of the date hereof, it has no claim, defense or set-off right against any Lender or the Administrative Agent of any nature whatsoever, whether sounding in tort, contract or otherwise, and has no claim, defense or set-off of any nature whatsoever to the enforcement by any Lender or the Administrative Agent of the full amount of the Loans and other obligations of the Borrower under the Credit Agreement and the other Loan Documents. (b) Notwithstanding the foregoing, to the extent that any claim, cause of action, defense or set-off against any Lender or the Administrative Agent or their enforcement of the Credit Agreement, any note, or any other Loan Document, of any nature whatsoever, known or unknown, fixed or contingent, does nonetheless exist or may exist on the date hereof, in consideration of the Lenders’ and the Administrative Agent’s entering into this First Amendment, the Borrower irrevocably and unconditionally waives and releases fully each and every such claim, cause of action, defense and set-off which exists or may exist on the date hereof.

Appears in 2 contracts

Samples: Credit Agreement (State Auto Financial CORP), Credit Agreement (Radian Group Inc)

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Confirmation of Obligations; Release. (a) The Borrower hereby confirms that the Borrower is indebted to the Lenders for the Loans in the amounts and as of the date set forth in Recital B, above, and is also obligated to the Lenders in respect of other obligations as set forth in the Credit Agreement and the other Loan Documents. The Borrower further acknowledges and agrees that as of the date hereof, it has no claim, defense or set-off right against any Lender or the Administrative Agent of any nature whatsoever, whether sounding in tort, contract or otherwise, and has no claim, defense or set-off of any nature whatsoever to the enforcement by any Lender or the Administrative Agent of the full amount of the Loans and other obligations of the Borrower under the Credit Agreement and the other Loan Documents. (b) Notwithstanding the foregoing, to the extent that any claim, cause of action, defense or set-off against any Lender or the Administrative Agent or their enforcement of the Credit Agreement, any note, or any other Loan Document, of any nature whatsoever, known or unknown, fixed or contingent, does nonetheless exist or may exist on the date hereof, in consideration of the Lenders’ and the Administrative Agent’s entering into this First AmendmentWaiver Agreement, the Borrower irrevocably and unconditionally waives and releases fully each and every such claim, cause of action, defense and set-off which exists or may exist on the date hereof.

Appears in 1 contract

Samples: Limited Waiver Agreement (State Auto Financial CORP)

Confirmation of Obligations; Release. (a) The Borrower hereby confirms that the Borrower is indebted to the Lenders for the Loans in the amounts and as of the date set forth in Recital B, above, and is also obligated to the Lenders in respect of other obligations as set forth in the Credit Agreement and the other Loan Documents. The Borrower further acknowledges and agrees that as of the date hereof, it has no claim, defense or set-off right against any Lender or the Administrative Agent of any nature whatsoever, whether sounding in tort, contract or otherwise, and has no claim, defense or set-off of any nature whatsoever to the enforcement by any Lender or the Administrative Agent of the full amount of the Loans and other obligations of the Borrower under the Credit Agreement and the other Loan Documents. (b) Notwithstanding the foregoing, to the extent that any claim, cause of action, defense or set-off against any Lender or the Administrative Agent or their enforcement of the Credit Agreement, any note, or any other Loan Document, of any nature whatsoever, known or unknown, fixed or contingent, does nonetheless exist or may exist on the date hereof, in consideration of the Lenders’ and the Administrative Agent’s entering into this First Second Amendment, the Borrower irrevocably and unconditionally waives and releases fully each and every such claim, cause of action, defense and set-off which exists or may exist on the date hereof.

Appears in 1 contract

Samples: Credit Agreement (Radian Group Inc)

Confirmation of Obligations; Release. (aA) The Borrower Borrowers hereby confirms confirm that the Borrower is Borrowers are indebted to the Lenders Lender for the Loans in the amounts Loan Obligations, Letter of Credit Obligations and as of the date set forth in Recital B, above, and is also obligated to the Lenders in respect of other obligations Obligations as set forth in the Credit Agreement and the other Loan Documents. The Each Borrower further acknowledges and agrees that as of the date hereof, it has no claim, defense or set-off right against any Lender or the Administrative Agent of any a (B) ny nature whatsoever, whether sounding in tort, contract or otherwise, and has no claim, defense or set-off of any nature whatsoever to the enforcement by any Lender or the Administrative Agent of the full amount of the Loans and other obligations Obligations of the Borrower Loan Parties under the Credit Agreement and the other Loan Documents. (bC) Notwithstanding the foregoing, to the extent that any claim, cause of action, defense or set-off against any Lender or the Administrative Agent or their its enforcement of the Credit Agreement, any notethe Revolving Loan Note, or any other Loan Document, of any nature whatsoever, known or unknown, fixed or contingent, does nonetheless exist or may exist on the date hereof, in consideration of the Lenders’ and the Administrative AgentLender’s entering into this First Fourth Amendment, the each Borrower irrevocably and unconditionally waives and releases fully each and every such claim, cause of action, defense and set-off which exists or may exist on the date hereof.

Appears in 1 contract

Samples: Credit and Security Agreement (Mfri Inc)

Confirmation of Obligations; Release. (a) The Borrower Borrowers hereby confirms confirm that the Borrower is Borrowers are indebted to the Lenders Lender for the Loans in the amounts Loan Obligations, Letter of Credit Obligations and as of the date set forth in Recital B, above, and is also obligated to the Lenders in respect of other obligations Obligations as set forth in the Credit Agreement and the other Loan Documents. The Each Borrower further acknowledges and agrees that as of the date hereof, it has no claim, defense or set-off right against any Lender or the Administrative Agent of any nature whatsoever, whether sounding in tort, contract or otherwise, and has no claim, defense or set-off of any nature whatsoever to the enforcement by any Lender or the Administrative Agent of the full amount of the Loans and other obligations Obligations of the Borrower Loan Parties under the Credit Agreement and the other Loan Documents. (b) Notwithstanding the foregoing, to the extent that any claim, cause of action, defense or set-off against any Lender or the Administrative Agent or their its enforcement of the Credit Agreement, any notethe Revolving Loan Note, or any other Loan Document, of any nature whatsoever, known or unknown, fixed or contingent, does nonetheless exist or may exist on the date hereof, in consideration of the Lenders’ and the Administrative AgentLender’s entering into this First Eighth Amendment, the each Borrower irrevocably and unconditionally waives and releases fully each and every such claim, cause of action, defense and set-off which exists or may exist on the date hereof.

Appears in 1 contract

Samples: Credit and Security Agreement (Perma-Pipe International Holdings, Inc.)

Confirmation of Obligations; Release. (a) The Borrower hereby confirms that the Borrower is indebted to the Lenders for the Loans in the amounts and as of the date set forth in Recital B, above, and is also obligated to the Lenders in respect of other obligations as set forth in the Credit Agreement and the other Loan Documents. The Borrower further acknowledges and agrees that as of the date hereof, it has no claim, defense or set-off right against any Lender or the Administrative Agent of any nature whatsoever, whether sounding in tort, contract or otherwise, and has no claim, defense or set-off of any nature whatsoever to the enforcement by any Lender or the Administrative Agent of the full amount of the Loans and other obligations of the Borrower under the Credit Agreement and the other Loan Documents. (b) Notwithstanding the foregoing, to the extent that any claim, cause of action, defense or set-off against any Lender or the Administrative Agent or their enforcement of the Credit Agreement, any note, or any other Loan Document, of any nature whatsoever, known or unknown, fixed or contingent, does nonetheless exist or may exist on the date hereof, in consideration of the Lenders’ and the Administrative Agent’s entering into this First Third Amendment, the Borrower irrevocably and unconditionally waives and releases fully each and every such claim, cause of action, defense and set-off which exists or may exist on the date hereof.

Appears in 1 contract

Samples: Credit Agreement (Radian Group Inc)

Confirmation of Obligations; Release. (a) The Borrower Borrowers hereby confirms confirm that the Borrower is Borrowers are indebted to the Lenders Lender for the Loans in the amounts Loan Obligations, Letter of Credit Obligations and as of the date set forth in Recital B, above, and is also obligated to the Lenders in respect of other obligations Obligations as set forth in the Credit Agreement and the other Loan Documents. The Each Borrower further acknowledges and agrees that as of the date hereof, it has no claim, defense or set-off right against any Lender or the Administrative Agent of any nature whatsoever, whether sounding in tort, contract or otherwise, and has no claim, defense or set-off of any nature whatsoever to the enforcement by any Lender or the Administrative Agent of the full amount of the Loans and other obligations Obligations of the Borrower Loan Parties under the Credit Agreement and the other Loan Documents. (b) Notwithstanding the foregoing, to the extent that any claim, cause of action, defense or set-off against any Lender or the Administrative Agent or their its enforcement of the Credit Agreement, any notethe Revolving Loan Note, or any other Loan Document, of any nature whatsoever, known or unknown, fixed or contingent, does nonetheless exist or may exist on the date hereof, in consideration of the Lenders’ and the Administrative AgentLender’s entering into this First Seventh Amendment, the each Borrower irrevocably and unconditionally waives and releases fully each and every such claim, cause of action, defense and set-off which exists or may exist on the date hereof.

Appears in 1 contract

Samples: Credit and Security Agreement (Perma-Pipe International Holdings, Inc.)

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Confirmation of Obligations; Release. (aA) The Borrower Borrowers hereby confirms confirm that the Borrower is Borrowers are indebted to the Lenders Lender for the Loans in the amounts Loan Obligations, Letter of Credit Obligations and as of the date set forth in Recital B, above, and is also obligated to the Lenders in respect of other obligations Obligations as set forth in the Credit Agreement and the other Loan Documents. The Each Borrower further acknowledges and agrees that as of the date hereof, it has no claim, defense or set-off right against any Lender or the Administrative Agent of any nature whatsoever, whether sounding in tort, contract or otherwise, and has no claim, defense or set-off of any nature whatsoever to the enforcement by any Lender or the Administrative Agent of the full amount of the Loans and other obligations Obligations of the Borrower Loan Parties under the Credit Agreement and the other Loan Documents. (bB) Notwithstanding the foregoing, to the extent that any claim, cause of action, defense or set-off against any Lender or the Administrative Agent or their its enforcement of the Credit Agreement, any notethe Revolving Loan Note, or any other Loan Document, of any nature whatsoever, known or unknown, fixed or contingent, does nonetheless exist or may exist on the date hereof, in consideration of the Lenders’ and the Administrative AgentLender’s entering into this First Second Amendment, the each Borrower irrevocably and unconditionally waives and releases fully each and every such claim, cause of action, defense and set-off which exists or may exist on the date hereof.

Appears in 1 contract

Samples: Credit and Security Agreement (Mfri Inc)

Confirmation of Obligations; Release. (a) The Borrower Borrowers hereby confirms confirm that the Borrower is Borrowers are indebted to the Lenders Lender for the Loans in the amounts Loan Obligations, Letter of Credit Obligations and as of the date set forth in Recital B, above, and is also obligated to the Lenders in respect of other obligations Obligations as set forth in the Credit Agreement and the other Loan Documents. The Each Borrower further acknowledges and agrees that as of the date hereof, it has no claim, defense or set-off right against any Lender or the Administrative Agent of any nature whatsoever, whether sounding in tort, contract or otherwise, and has no claim, defense or set-off of any nature whatsoever to the enforcement by any Lender or the Administrative Agent of the full amount of the Loans and other obligations Obligations of the Borrower Loan Parties under the Credit Agreement and the other Loan Documents. (b) Notwithstanding the foregoing, to the extent that any claim, cause of action, defense or set-off against any Lender or the Administrative Agent or their its enforcement of the Credit Agreement, any notethe Revolving Loan Note, or any other Loan Document, of any nature whatsoever, known or unknown, fixed or contingent, does nonetheless exist or may exist on the date hereof, in consideration of the Lenders’ and the Administrative AgentLender’s entering into this First Sixth Amendment, the each Borrower irrevocably and unconditionally waives and releases fully each and every such claim, cause of action, defense and set-off which exists or may exist on the date hereof.

Appears in 1 contract

Samples: Credit and Security Agreement (Perma-Pipe International Holdings, Inc.)

Confirmation of Obligations; Release. (aA) The Borrower Borrowers hereby confirms confirm that the Borrower is Borrowers are indebted to the Lenders Lender for the Loans in the amounts Loan Obligations, Letter of Credit Obligations and as of the date set forth in Recital B, above, and is also obligated to the Lenders in respect of other obligations Obligations as set forth in the Credit Agreement and the other Loan Documents. The Each Borrower further acknowledges and agrees that as of the date hereof, it has no claim, defense or set-off right against any Lender or the Administrative Agent of any nature whatsoever, whether sounding in tort, contract or otherwise, and has no claim, defense or set-off of any nature whatsoever to the enforcement by any Lender or the Administrative Agent of the full amount of the Loans and other obligations Obligations of the Borrower Loan Parties under the Credit Agreement and the other Loan Documents. (bB) Notwithstanding the foregoing, to the extent that any claim, cause of action, defense or set-off against any Lender or the Administrative Agent or their its enforcement of the Credit Agreement, any notethe Revolving Loan Note, or any other Loan Document, of any nature whatsoever, known or unknown, fixed or contingent, does nonetheless exist or may exist on the date hereof, in consideration of the Lenders’ and the Administrative AgentLender’s entering into this First Third Amendment, the each Borrower irrevocably and unconditionally waives and releases fully each and every such claim, cause of action, defense and set-off which exists or may exist on the date hereof.

Appears in 1 contract

Samples: Credit and Security Agreement (Mfri Inc)

Confirmation of Obligations; Release. (aA) The Borrower Borrowers hereby confirms confirm that the Borrower is Borrowers are indebted to the Lenders Lender for the Loans in the amounts Loan Obligations, Letter of Credit Obligations and as of the date set forth in Recital B, above, and is also obligated to the Lenders in respect of other obligations Obligations as set forth in the Credit Agreement and the other Loan Documents. The Each Borrower further acknowledges and agrees that as of the date hereof, it has no claim, defense or set-off right against any Lender or the Administrative Agent of any nature whatsoever, whether sounding in tort, contract or otherwise, and has no claim, defense or set-off of any nature whatsoever to the enforcement by any Lender or the Administrative Agent of the full amount of the Loans and other obligations Obligations of the Borrower Loan Parties under the Credit Agreement and the other Loan Documents. (bB) Notwithstanding the foregoing, to the extent that any claim, cause of action, defense or set-off against any Lender or the Administrative Agent or their its enforcement of the Credit Agreement, any notethe Revolving Loan Note, or any other Loan Document, of any nature whatsoever, known or unknown, fixed or contingent, does nonetheless exist or may exist on the date hereof, in consideration of the Lenders’ and the Administrative AgentLender’s entering into this First Fourth Amendment, the each Borrower irrevocably and unconditionally waives and releases fully each and every such claim, cause of action, defense and set-off which exists or may exist on the date hereof.

Appears in 1 contract

Samples: Credit and Security Agreement (Mfri Inc)

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