Common use of Continued Effectiveness of Financing Agreement Clause in Contracts

Continued Effectiveness of Financing Agreement. The Borrower hereby (i) confirms and agrees that each Transaction Document to which it is a party is, and shall continue to be, in full force and effect and is hereby ratified and confirmed in all respects except that on and after the Amendment Effective Date all references in any such Transaction Document to “the Financing Agreement”, “thereto”, “thereof”, “thereunder” or words of like import referring to the Financing Agreement shall mean the Financing Agreement as amended by this Amendment, and (ii) confirms and agrees that to the extent that any such Transaction Document purports to assign or pledge to the Lender, or to grant to the Lender a security interest in or lien on, any collateral as security for the Obligations of the Borrower from time to time existing in respect of the Financing Agreement and the Transaction Documents, such pledge, assignment and/or grant of the security interest or lien is hereby ratified and confirmed in all respects.

Continued Effectiveness of Financing Agreement. The Borrower Each of the Companies hereby (i) confirms and agrees that each Transaction Loan Document to which it is a party is, and shall continue to be, in full force and effect and is hereby ratified and confirmed in all respects except that on and after the Amendment Effective Date of this Amendment all references in any such Transaction Loan Document to “"the Financing Agreement”", “"thereto”", “"thereof”", “"thereunder” " or words of like import referring to the Financing Agreement shall mean the Financing Agreement as amended by this Amendment, and (ii) confirms and agrees that to the extent that any such Transaction Loan Document purports to assign or pledge to the Lender, or to grant to the Lender a security interest in or lien on, any collateral as security for the Obligations of the Borrower Companies from time to time existing in respect of the Financing Agreement and the Transaction Loan Documents, such pledge, assignment and/or grant of the security interest or lien is hereby ratified and confirmed in all respects.