Consent of Obligors. Each of the Obligors acknowledges and consents to the execution and delivery by the Borrower and Xxxxx of this Agreement on the terms specified herein and the performance by each such Person of its respective obligations hereunder, under the Credit Agreement (as amended hereby), the other Operative Documents and the Financing Agreements. Each Obligor, by signing this Agreement, confirms and agrees with the Banks that (a) all of its obligations under the Guarantee and/or the Pledge Agreement (as the case may be) shall remain in full force and effect and are hereby ratified and confirmed, and (b) its grant (as the case may be) to the Banks of a security interest under the Operative Documents to which it is a party shall remain in full force and effect and is hereby ratified and confirmed.
Consent of Obligors. Each Obligor consents to the foregoing and agrees that any Lender acquiring a participation pursuant to the foregoing arrangements may exercise against such Obligor all rights of set-off, banker’s lien, counterclaim or similar rights with respect to such participation as fully as if such Lender were a direct creditor of such Obligor in the amount of such participation.
Consent of Obligors. Each Obligor hereby consents to the provisions of this Agreement and the intercreditor arrangements provided for herein and agrees that the obligations of the Obligors under the Debt Documents will in no way be diminished or otherwise affected by such provisions or arrangements.
Consent of Obligors. Each of the Obligors acknowledges and consents to the execution and delivery of this Amendment Agreement on the terms specified herein and the performance by each such Person of its respective obligations hereunder, under the Credit Agreement (as amended hereby) and the other Loan Documents. Each Obligor, by signing this Amendment Agreement, confirms and agrees with the Lenders and the Agents that (a) all of its obligations under the relevant Security Documents shall remain in full force and effect and are hereby ratified and confirmed, and (b) its grant (as the case may be) to the Lenders and the Agents of a security interest under the Security Documents to which it is a party shall remain in full force and effect and is hereby ratified and confirmed.
Consent of Obligors. The Obligors agree that, subject to the terms hereof, the Bank may take possession of the Collateral pursuant to N.J.S.A. 12A:9-503 of the Code and, upon receipt by the Bank of the Initial Payment and upon payment in full of the Note, such amounts shall be credited against the outstanding principal amount of the Revolving Note. The Obligors, the Purchaser and the Stockholder agree that, notwithstanding anything in N.J.S.A. 12A-9-504 to the contrary, the security interest of the Bank in the Collateral granted by the Company shall continue in full force and effect upon the sale of the Collateral to the Purchaser as collateral security for all obligations of the Obligors to the Bank under the Loan Agreement and the other Loan Documents. The Obligors shall continue to be fully liable for the remaining outstanding principal amount of the Revolving Note and all other obligations under the Loan Documents.
Consent of Obligors. On the Effective Date, each Obligor:
