Common use of CONSENT AND RATIFICATION Clause in Contracts

CONSENT AND RATIFICATION. Guarantor hereby unconditionally and irrevocably acknowledges and agrees that the Guaranty and Guarantor’s obligations, covenants, agreements and duties thereunder remain in full force and effect in accordance with its terms, notwithstanding the modifications effected hereby. Guarantor hereby unconditionally and irrevocably ratifies, reaffirms and confirms the Guaranty and its obligations thereunder.

Appears in 7 contracts

Samples: Loan Modification and Extension Agreement (Behringer Harvard Opportunity REIT I, Inc.), Loan Modification and Extension Agreement (Behringer Harvard Opportunity REIT I, Inc.), Second Amendment Agreement (Behringer Harvard Short Term Opportunity Fund I Lp)

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CONSENT AND RATIFICATION. Subsidiary Guarantor hereby unconditionally and irrevocably acknowledges and agrees that the Guaranty and Subsidiary Guarantor’s obligations, covenants, agreements and duties thereunder remain in full force and effect in accordance with its termseffect, notwithstanding the modifications modification of the Credit Agreement effected hereby. Subsidiary Guarantor hereby unconditionally and irrevocably ratifies, reaffirms and confirms the Guaranty and its obligations thereunder.

Appears in 3 contracts

Samples: Credit Agreement (Behringer Harvard Short Term Opportunity Fund I Lp), Credit Agreement (Behringer Harvard Short Term Opportunity Fund I Lp), Credit Agreement (Behringer Harvard Short Term Opportunity Fund I Lp)

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CONSENT AND RATIFICATION. Each Guarantor hereby severally, unconditionally and irrevocably acknowledges and agrees that the Guaranty and such Guarantor’s obligations, covenants, agreements and duties thereunder remain in full force and effect in accordance with its terms, notwithstanding the modifications effected hereby. Each Guarantor hereby severally, unconditionally and irrevocably ratifies, reaffirms and confirms the Guaranty executed by it and its obligations thereunder.

Appears in 1 contract

Samples: Credit Agreement (Behringer Harvard Opportunity REIT I, Inc.)

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