CONTINUING VALIDITY. Borrower understands and agrees that in modifying the existing Obligations, Lender is relying upon Borrower's representations, warranties, and agreements, as set forth in the Existing Loan Documents. Except as expressly modified pursuant to this Agreement, the terms of the Existing Loan Documents remain unchanged and in full force and effect. Lender's agreement to modifications to the existing Obligations pursuant to this Agreement in no way shall obligate Lender to make any future modifications to the Obligations. Nothing in this Agreement shall constitute a satisfaction of the Obligations. It is the intention of Lender and Borrower to retain as liable parties all makers and endorsers of Existing Loan Documents, unless the party is expressly released by Lender in writing. No maker, endorser, or guarantor will be released by virtue of this Agreement. The terms of this paragraph apply not only to this Agreement, but also to all subsequent loan modification agreements.
Appears in 4 contracts
Samples: Loan Modification Agreement (Daleen Technologies Inc), Loan Modification Agreement (Daleen Technologies Inc), Loan Modification Agreement (Ultimate Software Group Inc)
CONTINUING VALIDITY. Borrower understands and agrees that in modifying the existing ObligationsIndebtedness, Lender is relying upon Borrower's ’s representations, warranties, and agreements, as set forth in the Existing Loan Documents. Except as expressly modified pursuant to this Agreement, the terms of the Existing Loan Documents remain unchanged and in full force and effect. Lender's ’s agreement to modifications to the existing Obligations Indebtedness pursuant to this Agreement in no way shall obligate Lender to make any future modifications to the ObligationsIndebtedness. Nothing in this Agreement shall constitute a satisfaction of the ObligationsIndebtedness. It is the intention of Lender and Borrower to retain as liable parties all makers and endorsers of Existing Loan Documents, unless the party is expressly released by Lender in writing. No maker, endorser, or guarantor will be released by virtue of this Agreement. The terms of this paragraph apply not only to this Agreement, but also to all subsequent loan modification agreements.
Appears in 4 contracts
Samples: Loan Modification Agreement (Witness Systems Inc), Loan Modification Agreement (Witness Systems Inc), Loan Modification Agreement (Witness Systems Inc)
CONTINUING VALIDITY. Borrower understands and agrees that in modifying the existing ObligationsIndebtedness, Lender is relying upon Borrower's representations, warranties, and agreements, as set forth in the Existing Loan Documents. Except as expressly modified pursuant to this Agreement, the terms of the Existing Loan Documents remain unchanged and in full force and effect. Lender's agreement to modifications to the existing Obligations Indebtedness pursuant to this Agreement in no way shall obligate Lender to make any future modifications to the ObligationsIndebtedness. Nothing in this Agreement shall constitute a satisfaction of the ObligationsIndebtedness. It is the intention of Lender and Borrower to retain as liable parties all makers and endorsers of Existing Loan Documents, unless the party is expressly released by Lender in writing. No maker, endorser, or guarantor will be released by virtue of this Agreement. The terms of this paragraph apply not only to this Agreement, but also to all subsequent loan modification agreements.
Appears in 4 contracts
Samples: Loan Modification Agreement (Relm Wireless Corp), Loan Modification Agreement (Relm Wireless Corp), Loan Modification Agreement (Relm Wireless Corp)
CONTINUING VALIDITY. Borrower understands and agrees that in modifying the existing ObligationsIndebtedness, Lender is relying upon Borrower's ’s representations, warranties, and agreements, as set forth in the Existing Loan Documents. Except as expressly modified pursuant to this AgreementAmendment, the terms of the Existing Loan Documents remain unchanged and in full force and effect. Lender's ’s agreement to modifications to the existing Obligations Indebtedness pursuant to this Agreement Amendment in no way shall obligate Lender to make any future modifications to the ObligationsIndebtedness. Nothing in this Agreement Amendment shall constitute a satisfaction of the ObligationsIndebtedness. It is the intention of Lender and Borrower to retain as liable parties all makers and endorsers of Existing Loan Documents, unless the party is expressly released by Lender in writing. No maker, endorser, or guarantor will be released by virtue of this AgreementAmendment. The terms of this paragraph apply not only to this AgreementAmendment, but also to all any subsequent loan modification agreementsBusiness Financing Agreement modifications.
Appears in 3 contracts
Samples: Business Financing Agreement (ChromaDex Corp.), Business Financing Agreement (ChromaDex Corp.), Business Financing Agreement (Astea International Inc)
CONTINUING VALIDITY. Borrower understands Borrowers understand and agrees agree that in modifying the existing ObligationsBusiness Financing Agreement, Lender is relying upon Borrower's Borrowers’ representations, warranties, and agreements, as set forth in the Existing Loan Documents. Except as expressly modified pursuant to this Agreement, the terms of the Existing Loan Documents remain unchanged and in full force and effect. Lender's ’s agreement to modifications to the existing Obligations Business Financing Agreement pursuant to this Agreement in no way shall obligate Lender to make any future modifications to the ObligationsBusiness Financing Agreement. Nothing in this Agreement shall constitute a satisfaction of the Obligations. It is the intention of Lender and Borrower Borrowers to retain as liable parties all makers and endorsers of Existing Loan Documents, unless the party is expressly released by Lender in writing. No maker, endorser, or guarantor will be released by virtue of this Agreement except in accordance with the terms of this Agreement. The terms of this paragraph apply not only to this Agreement, but also to all any subsequent loan Business Financing modification agreements.
Appears in 3 contracts
Samples: Business Financing Modification Agreement (ChromaDex Corp.), Business Financing Modification Agreement (ChromaDex Corp.), Business Financing Modification Agreement (ChromaDex Corp.)
CONTINUING VALIDITY. Borrower understands and agrees that in modifying the existing ObligationsIndebtedness, Lender Bank is relying upon Borrower's representations, warranties, and agreements, as set forth in the Existing Loan Documents. Except as expressly modified pursuant to this Modification Agreement, the terms of the Existing Loan Documents remain unchanged and in full force and effect. LenderBank's agreement to modifications to the existing Obligations Indebtedness pursuant to this Modification Agreement in no way shall obligate Lender Bank to make any future modifications to the ObligationsIndebtedness. Nothing in this Modification Agreement shall constitute a satisfaction of the ObligationsIndebtedness. It is the intention of Lender Bank and Borrower to retain as liable parties all makers and endorsers of Existing Loan Documents, unless the party is expressly released by Lender Bank in writing. No maker, endorser, or guarantor will be released by virtue of this Modification Agreement. The terms of this paragraph apply not only to this Modification Agreement, but also to all any subsequent loan modification agreementsto the Loan and Security Agreement.
Appears in 2 contracts
Samples: Loan and Security Modification Agreement (Winc, Inc.), Loan and Security Modification Agreement (Winc, Inc.)
CONTINUING VALIDITY. Borrower Seller understands and agrees that in modifying the ------------------- existing ObligationsIndebtedness, Lender Buyer is relying upon BorrowerSeller's representations, warranties, and agreements, as set forth in the Existing Loan Documents. Except as expressly modified pursuant to this Factoring Modification Agreement, the terms of the Existing Loan Documents remain unchanged and in full force and effect. LenderBuyer's agreement to modifications to the existing Obligations Indebtedness pursuant to this Factoring Modification Agreement in no way shall obligate Lender Buyer to make any future modifications to the ObligationsIndebtedness. Nothing in this Factoring Modification Agreement shall constitute a satisfaction of the ObligationsIndebtedness. It is the intention of Lender Buyer and Borrower Seller to retain as liable parties all makers and endorsers of Existing Loan Documents, unless the party is expressly released by Lender Buyer in writing. No maker, endorser, or guarantor will be released by virtue of this Factoring Modification Agreement. The terms of this paragraph apply not only to this Factoring Modification Agreement, but also to all any subsequent loan factoring modification agreements.
Appears in 2 contracts
Samples: Factoring Modification Agreement (Forecross Corp), Factoring Modification Agreement (Forecross Corp)
CONTINUING VALIDITY. Each Borrower understands and agrees that in modifying the existing ObligationsIndebtedness, Lender is relying upon Borrower's Borrowers’ representations, warranties, and agreements, as set forth in the Existing Loan Documents. Except as expressly modified pursuant to this Agreement, the terms of the Existing Loan Documents remain unchanged and in full force and effect. Lender's ’s agreement to modifications to the existing Obligations Indebtedness pursuant to this Agreement in no way shall obligate Lender to make any future modifications to the ObligationsIndebtedness. Nothing in this Agreement shall constitute a satisfaction of the ObligationsIndebtedness. It is the intention of Lender and Borrower Borrowers to retain as liable parties all makers and endorsers of Existing Loan Documents, unless the party is expressly released by Lender in writing. No maker, endorser, or guarantor will be released by virtue of this Agreement. The terms of this paragraph apply not only to this Agreement, but also to all subsequent loan modification agreements.
Appears in 2 contracts
Samples: Loan Modification Agreement (Manugistics Group Inc), Loan Agreement (Manugistics Group Inc)
CONTINUING VALIDITY. Borrower (and each Guarantor signing below) understands and agrees that in modifying the existing ObligationsIndebtedness, Lender Bank is relying upon Borrower's representations, warranties, and agreements, as set forth in the Existing Loan Documents. Except as expressly modified pursuant to this Agreement, the terms of the Existing Loan Documents remain unchanged and in full force and effect. LenderBank's agreement to modifications to the existing Obligations Indebtedness pursuant to this Agreement in no way shall obligate Lender Bank to make any future modifications to the ObligationsIndebtedness. Nothing in this Agreement shall constitute a satisfaction of the ObligationsIndebtedness. It is the intention of Lender Bank and Borrower to retain as liable parties all makers and endorsers of Existing Loan Documents, unless the party is expressly released by Lender Bank in writing. No maker, endorser, or guarantor will be released by virtue of this Agreement. The terms of this paragraph Paragraph apply not only to this Agreement, but also to all subsequent loan modification agreements.
Appears in 2 contracts
Samples: Loan Modification and Forbearance Agreement (Giga Information Group Inc), Loan Modification and Forbearance Agreement (Giga Information Group Inc)
CONTINUING VALIDITY. Borrower understands Borrowers understand and agrees agree that in modifying the existing ObligationsIndebtedness, Lender is relying upon Borrower's Borrowers' representations, warranties, and agreements, as set forth in the Existing Loan Documents. Except as expressly modified pursuant to this Agreement, the terms of the Existing Loan Documents remain unchanged and in full force and effect. Lender's agreement to modifications to the existing Obligations Indebtedness pursuant to this Agreement in no way shall obligate Lender to make any future modifications to the ObligationsIndebtedness. Nothing in this Agreement shall constitute a satisfaction of the ObligationsIndebtedness. It is the intention of Lender and Borrower Borrowers to retain as liable parties all makers and endorsers of the Existing Loan Documents, unless the party is expressly released by Lender in writing. No maker, endorser, or guarantor will be released by virtue of this Agreement. The terms of this paragraph apply not only to this Agreement, but also to all subsequent loan modification agreementsagreements except to the extent expressly changed or terminated by the terms thereof.
Appears in 2 contracts
Samples: Loan Modification Agreement (Animas Corp), Loan Modification Agreement (Animas Corp)
CONTINUING VALIDITY. Borrower understands Borrowers understand and agrees agree that in modifying the existing ObligationsIndebtedness, Lender is relying upon Borrower's Borrowers’ representations, warranties, and agreements, as set forth in the Existing Loan Documents. Except as expressly modified pursuant to this Agreement, the terms of the Existing Loan Documents remain unchanged and in full force and effect. Lender's ’s agreement to modifications to the existing Obligations Indebtedness pursuant to this Agreement in no way shall obligate Lender to make any future modifications to the ObligationsIndebtedness. Nothing in this Agreement shall constitute a satisfaction of the ObligationsIndebtedness. It is the intention of Lender and Borrower Borrowers to retain as liable parties all makers and endorsers of Existing Loan Documents, unless the party is expressly released by Lender in writing. No maker, endorser, or guarantor will be released by virtue of this Agreement except in accordance with the terms of this Agreement. The terms of this paragraph apply not only to this Agreement, but also to all any subsequent loan Business Financing modification agreements.
Appears in 2 contracts
Samples: Business Financing Modification Agreement (ChromaDex Corp.), Business Financing Modification Agreement (ChromaDex Corp.)
CONTINUING VALIDITY. Borrower Xxxxxxxx understands and agrees that in modifying the existing ObligationsIndebtedness, Lender Xxxxxx is relying upon Borrower's Xxxxxxxx’s representations, warranties, and agreements, as set forth in the Existing Loan Documents. Except as expressly modified pursuant to this AgreementAmendment, the terms of the Existing Loan Documents remain unchanged and in full force and effect. Lender's ’s agreement to modifications to the existing Obligations Indebtedness pursuant to this Agreement Amendment in no way shall obligate Lender to make any future modifications to the ObligationsIndebtedness. Nothing in this Agreement Amendment shall constitute a satisfaction of the ObligationsIndebtedness. It is the intention of Lender Xxxxxx and Borrower to retain as liable parties all makers and endorsers of Existing Loan Documents, unless the party is expressly released by Lender Xxxxxx in writing. No maker, endorser, or guarantor will be released by virtue of this AgreementAmendment. The terms of this paragraph apply not only to this AgreementAmendment, but also to all any subsequent loan modification agreementsBusiness Financing Agreement modifications.
Appears in 2 contracts
Samples: Business Financing Agreement (ChromaDex Corp.), Business Financing Agreement (ChromaDex Corp.)
CONTINUING VALIDITY. Borrower understands and agrees that in modifying the existing ObligationsIndebtedness, Lender Bank is relying upon Borrower's ’s representations, warranties, and agreements, as set forth in the Existing Loan Documents. Except as expressly modified pursuant to this Agreement, the terms of the Existing Loan Documents remain unchanged and in full force and effect. Lender's Bank’s agreement to modifications to the existing Obligations pursuant to this Agreement Amendment in no way shall obligate Lender Bank to make any future modifications to the Obligations. Nothing in this Agreement Amendment shall constitute a satisfaction of the Obligations. It is the intention of Lender Bank and Borrower to retain as liable parties all makers and endorsers of Existing Loan Documents, unless the party is expressly released by Lender Bank in writing. No Unless expressly released herein, no maker, endorser, or guarantor will be released by virtue of this Agreement. The terms of this paragraph apply not only to this Agreement, but also to all subsequent loan modification agreements.
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CONTINUING VALIDITY. The Borrower understands and agrees that in modifying the existing Obligationsentering into this Agreement, Lender is relying upon Borrower's ’s representations, warranties, and agreements, as set forth in the Existing Loan Documents. Except as expressly modified pursuant to this Agreement, the terms of the Existing Loan Documents remain unchanged and in full force and effect. The Lender's ’s agreement to modifications to the existing Obligations pursuant to this Agreement in no way shall obligate Lender to make any future modifications to the Obligations. Nothing in this Agreement shall constitute a satisfaction of the Obligations. It is the intention of Lender and the Borrower to retain as liable parties all makers and endorsers of Existing Loan Documents, unless the party is expressly released by Lender in writing. No maker, endorser, or guarantor will be released by virtue of this Agreement. The terms of this paragraph apply not only to this Agreement, but also to all subsequent loan modification agreements.
Appears in 1 contract
Samples: Forbearance Agreement (Solution Technology International Inc)
CONTINUING VALIDITY. Borrower (and each guarantor and pledgor ------------------- signing below) understands and agrees that in modifying the existing ObligationsIndebtedness, Lender Bank is relying upon Borrower's representations, warranties, and agreements, as set forth in the Existing Loan Documents. Except as expressly modified pursuant to this Agreement, the terms of the Existing Loan Documents remain unchanged and in full force and effect. LenderBank's agreement to modifications to the existing Obligations Indebtedness pursuant to this Agreement in no way shall obligate Lender Bank to make any future modifications to the ObligationsIndebtedness. Nothing in this Agreement shall constitute a satisfaction of the ObligationsIndebtedness. It is the intention of Lender Bank and Borrower to retain as liable parties all makers and endorsers of Existing Loan Documents, unless the party is expressly released by Lender Bank in writing. No maker, endorser, or guarantor will be released by virtue of this Agreement. The terms of this paragraph apply not only to this Agreement, but also to all subsequent loan modification agreements.
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CONTINUING VALIDITY. Borrower (and each guarantor signing below) understands and agrees that in modifying the existing ObligationsIndebtedness, Lender Bank is relying upon Borrower's representations, warranties, and agreements, as set forth in the Existing Loan Documents. Except as expressly modified pursuant to this Agreement, the terms of the Existing Loan Documents remain unchanged and in full force and effect. LenderBank's agreement to modifications to the existing Obligations Indebtedness pursuant to this Agreement in no way shall obligate Lender Bank to make any future modifications to the ObligationsIndebtedness. Nothing in this Agreement shall constitute a satisfaction of the ObligationsIndebtedness. It is the intention of Lender Bank and Borrower to retain as liable parties all makers and endorsers of Existing Loan Documents, unless the party is expressly released by Lender Bank in writing. No maker, endorser, or guarantor will be released by virtue of this Agreement. The terms of this paragraph Paragraph apply not only to this Agreement, but also to all subsequent loan modification agreements.
Appears in 1 contract
Samples: Loan Modification and Forbearance Agreement (Fresh Choice Inc)
CONTINUING VALIDITY. Borrower (and each guarantor signing below) understands and agrees that in modifying the existing ObligationsIndebtedness, Lender is relying upon Borrower's representations, warranties, and agreements, as set forth in the Existing Loan Documents. Except as expressly modified pursuant to this Agreement, the terms of the Existing Loan Documents remain unchanged and in full force and effect. Lender's agreement to modifications to the existing Obligations Indebtedness pursuant to this Agreement in no way shall obligate Lender to make any future modifications to the ObligationsIndebtedness. Nothing in this Agreement shall constitute a satisfaction of the ObligationsIndebtedness. It is the intention of Lender and Borrower to retain as liable parties all makers and endorsers of Existing Loan Documents, unless the party is expressly released by Lender in writing. No maker, endorser, or guarantor will be released by virtue of this Agreement. The terms of this paragraph apply not only to this Agreement, but also to all subsequent loan modification agreements.
Appears in 1 contract
CONTINUING VALIDITY. Borrower understands and agrees that in modifying the existing ObligationsIndebtedness, Lender is relying upon Borrower's ’s representations, warranties, and agreements, as set forth in the Existing Loan Documents. Except as expressly modified pursuant to this Modification Agreement, the terms of the Existing Loan Documents remain unchanged and in full force and effect. Lender's ’s agreement to modifications to the existing Obligations Indebtedness pursuant to this Modification Agreement in no way shall obligate Lender to make any future modifications to the ObligationsIndebtedness. Nothing in this Modification Agreement shall constitute a satisfaction of the ObligationsIndebtedness. It is the intention of Lender and Borrower to retain as liable parties all makers and endorsers of Existing Loan Documents, unless the party is expressly released by Lender in writing. No maker, endorser, or guarantor will be released by virtue of this Modification Agreement. The terms of this paragraph apply not only to this Modification Agreement, but also to all any subsequent loan Loan and Security modification agreements.
Appears in 1 contract
Samples: Loan and Security Modification Agreement (Kana Software Inc)
CONTINUING VALIDITY. Borrower understands and agrees that in modifying the existing ObligationsLoan Agreement, Lender Bank is relying upon Borrower's ’s representations, warranties, and agreements, as set forth in the Existing Loan DocumentsAgreement. Except as expressly modified pursuant to this AgreementAmendment, the terms of the Existing Loan Documents remain unchanged and in full force and effect. Lender's Bank’s agreement to modifications to the existing Obligations Loan Agreement pursuant to this Agreement Amendment in no way shall obligate Lender Bank to make any future modifications to the ObligationsLoan Agreement or any other Loan Document. Nothing in this Agreement Amendment shall constitute a satisfaction of any Indebtedness owing by Borrower to Bank under the ObligationsLoan Documents. It is the intention of Lender Bank and Borrower to retain as liable parties all makers and endorsers of Existing Loan Documents, unless the party is expressly released by Lender Bank in writing. No maker, endorser, or guarantor will be released by virtue of this AgreementAmendment. The terms of this paragraph apply not only to this AgreementAmendment, but also to all any subsequent loan modification agreementsamendments.
Appears in 1 contract
CONTINUING VALIDITY. Borrower understands and agrees that in modifying the existing ObligationsIndebtedness, Lender Bank is relying upon Borrower's ’s representations, warranties, and agreements, as set forth in the Existing Loan Documents. Except as expressly modified pursuant to this AgreementLMA, the terms of the Existing Loan Documents remain unchanged and in full force and effect. Lender's Bank’s agreement to modifications to the existing Obligations Indebtedness pursuant to this Agreement LMA in no way shall obligate Lender Bank to make any future modifications to the ObligationsIndebtedness. Nothing in this Agreement LMA shall constitute a satisfaction of the ObligationsIndebtedness. It is the intention of Lender Bank and Borrower to retain as liable parties all makers and endorsers of Existing Loan Documents, unless the party is expressly released by Lender Bank in writing. No maker, endorser, or guarantor will be released by virtue of this AgreementLMA. The terms of this paragraph apply not only to this AgreementLMA, but also to all subsequent loan modification agreements.
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CONTINUING VALIDITY. Borrower understands and agrees that in modifying granting its waiver and consent as provided herein, Agent and the existing Obligations, Lender is Lenders are relying upon Borrower's ’s representations, warranties, and agreements, as set forth in the Existing Loan Transaction Documents. Except as expressly modified pursuant to this Agreement, the terms of the Existing Loan Transaction Documents remain unchanged and in full force and effect. Lender's agreement to modifications to the existing Obligations The amendments made pursuant to this Agreement in no way shall obligate Agent or any Lender to grant any future waivers or consents or make any future modifications to the ObligationsIndebtedness. Nothing in this Agreement shall constitute a satisfaction of the ObligationsIndebtedness. It is the intention of Lender Agent, each Lender, and Borrower to retain as liable parties all makers and endorsers of Existing Loan the Transaction Documents, unless the party is expressly released by Lender Agent and the Lenders in writing. No maker, endorser, or guarantor will be released by virtue of this Agreement. The terms of this paragraph Paragraph apply not only to this Agreement, but also to all subsequent loan modification agreements.
Appears in 1 contract
CONTINUING VALIDITY. Borrower (and each Guarantor signing below) understands and agrees that in modifying the existing ObligationsIndebtedness, Lender Bank is relying upon Borrower's ’s representations, warranties, and agreements, as set forth in the Existing Loan Documents. Except as expressly modified pursuant to this Agreement, the terms of the Existing Loan Documents remain unchanged and in full force and effect. Lender's Bank’s agreement to modifications to the existing Obligations Indebtedness pursuant to this Agreement in no way shall obligate Lender Bank to make any future modifications to the ObligationsIndebtedness. Nothing in this Agreement shall constitute a satisfaction of the ObligationsIndebtedness. It is the intention of Lender Bank and Borrower to retain as liable parties all makers and endorsers of Existing Loan Documents, unless the party is expressly released by Lender Bank in writing. No maker, endorser, or guarantor will be released by virtue of this Agreement. The terms of this paragraph Paragraph apply not only to this Agreement, but also to all subsequent loan modification agreements.
Appears in 1 contract
Samples: Loan Modification and Forbearance Agreement (Comdial Corp)
CONTINUING VALIDITY. Borrower understands and agrees that in modifying the existing ObligationsIndebtedness, Lender Bank is relying upon Borrower's ’s representations, warranties, and agreements, as set forth in the Existing Loan Documents. Except as expressly modified pursuant to this AgreementModification, the terms of the Existing Loan Documents remain unchanged and in full force and effect. Lender's Bank’s agreement to modifications to the existing Obligations Indebtedness pursuant to this Agreement Modification in no way shall obligate Lender Bank to make any future modifications to the ObligationsIndebtedness. Nothing in this Agreement Modification shall constitute a satisfaction of the ObligationsIndebtedness. It is the intention of Lender Bank and Borrower to retain as liable parties all makers and endorsers of Existing Loan Documents, unless the party is expressly released by Lender Bank in writing. No maker, endorser, or guarantor will be released by virtue of this AgreementModification. The terms of this paragraph apply not only to this AgreementModification, but also to all any subsequent loan modification agreements.
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CONTINUING VALIDITY. Borrower understands and agrees that in modifying the existing ObligationsIndebtedness, Lender is relying upon Borrower's representations, warranties, and agreements, as set forth in the Existing Loan Documents. Except as expressly modified pursuant to this Modification Agreement, the terms of the Existing Loan Documents remain unchanged and in full force and effect. Lender's agreement to modifications to the existing Obligations Indebtedness pursuant to this Modification Agreement in no way shall obligate Lender to make any future modifications to the ObligationsIndebtedness. Nothing in this Modification Agreement shall constitute a satisfaction of the ObligationsIndebtedness. It is the intention of Lender and Borrower to retain as liable parties all makers and endorsers of Existing Loan Documents, unless the party is expressly released by Lender in writing. No maker, endorser, or guarantor will be released by virtue of this Modification Agreement. The terms of this paragraph apply not only to this Modification Agreement, but also to all any subsequent loan business financing modification agreements.
Appears in 1 contract
Samples: Business Financing Modification Agreement (Biolase, Inc)
CONTINUING VALIDITY. Borrower understands and agrees that in modifying the existing ObligationsIndebtedness, Lender is relying upon Borrower's ’s representations, warranties, and agreements, as set forth in the Existing Loan Documents. Except as expressly modified pursuant to this Agreement, the terms of the Existing Loan Documents remain unchanged and in full force and effect. Lender's ’s agreement to modifications to the existing Obligations Indebtedness pursuant to this Agreement in no way shall obligate Lender to make any future modifications to the ObligationsIndebtedness. Nothing in this Agreement shall constitute a satisfaction of the ObligationsIndebtedness. It is the intention of Lender and Borrower to retain as liable parties all makers and endorsers of Existing Loan Documents, unless the party is expressly released by Lender in writing. No maker, endorser, or guarantor will be released by virtue of this Agreement. The terms of this paragraph apply not only to this Agreement, but also to all any subsequent loan modification agreementsBusiness Financing Agreement modifications.
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CONTINUING VALIDITY. Each Borrower understands and agrees that in modifying the existing ObligationsIndebtedness, Lender is relying upon Borrower's Borrowers’ representations, warranties, and agreements, as set forth in the Existing Loan Documents. Except as expressly modified pursuant to this Agreement, the terms of the Existing Loan Documents remain unchanged and in full force and effect. Lender's ’s agreement to modifications to the existing Obligations Indebtedness pursuant to this Agreement in no way shall obligate Lender to make any future modifications to the ObligationsIndebtedness. Nothing in this Agreement shall constitute a satisfaction of the ObligationsIndebtedness. It is the intention of Lender and Borrower Borrowers to retain as liable parties all makers and endorsers of Existing Loan Documents, unless the party is expressly released by Lender in writing. No maker, endorser, or guarantor will be released by virtue of this Agreement. The terms of this paragraph apply not only to this Agreement, but also to all subsequent loan modification agreements.this
Appears in 1 contract