Common use of Effect; No Waiver Clause in Contracts

Effect; No Waiver. (a) Borrower hereby (i) reaffirms and admits the validity and enforceability of the Loan Documents and all of its obligations thereunder and (ii) agrees and admits that it has no existing defenses to or offsets against any such obligation. Except as specifically set forth herein, the Loan Agreement and the other Loan Documents shall remain in full force and effect in accordance with their terms and are hereby ratified and confirmed. The execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any existing or future Default or Event of Default, whether known or unknown or any right, power or remedy of the Administrative Agent or the Lenders under the Loan Agreement, nor constitute a waiver of any provision of the Loan Agreement, except as specifically set forth herein. (b) Borrower hereby (i) reaffirms all of its agreements and obligations under the Loan Documents, (ii) reaffirms that all Obligations of Borrower under or in connection with the Loan Agreement as amended hereby are “Obligations” as that term is defined in the Loan Documents and (iii) reaffirms that all such Obligations continue to be secured by the Loan Documents, which remain in full force and effect and are hereby ratified and confirmed.

Appears in 9 contracts

Samples: Loan and Security Agreement (K-Sea Transportation Partners Lp), Loan and Security Agreement (K-Sea Transportation Partners Lp), Loan and Security Agreement (K-Sea Transportation Partners Lp)

AutoNDA by SimpleDocs

Effect; No Waiver. (a) The Borrower hereby (i) reaffirms and admits the validity and enforceability of the Loan Documents and all of its obligations thereunder and (ii) agrees and admits that it has no existing defenses to or offsets against any such obligation. Except as specifically set forth herein, the Loan Credit Agreement and the other Loan Documents shall remain in full force and effect in accordance with their terms and are hereby ratified and confirmed. The execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any existing or future Default or Event of Default, whether known or unknown or any right, power or remedy of the Administrative Agent or the Lenders under the Loan Credit Agreement, nor constitute a waiver of any provision of the Loan Credit Agreement, except as specifically set forth herein. (b) The Borrower hereby (i) reaffirms all of its agreements and obligations under the Loan Security Documents, (ii) reaffirms that all Obligations of the Borrower under or in connection with the Loan Credit Agreement as amended hereby are “Obligations” as that term is defined in the Loan Security Documents and (iii) reaffirms that all such Obligations continue to be secured by the Loan Security Documents, which remain remains in full force and effect and are is hereby ratified and confirmed.

Appears in 6 contracts

Samples: Credit Agreement (Lifetime Brands, Inc), Credit Agreement (Lifetime Brands, Inc), Credit Agreement (Lifetime Brands, Inc)

Effect; No Waiver. (a) The Borrower and each Guarantor hereby (i) reaffirms and admits the validity and enforceability of the Loan Documents to which it is a party and all of its obligations thereunder and (ii) agrees and admits that it has no existing defenses to or offsets against any such obligation. Except as specifically set forth herein, the Loan Agreement and the other Loan Documents shall remain in full force and effect in accordance with their terms and are hereby ratified and confirmed. The execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any existing or future Default or Event of Default, whether known or unknown or any right, power or remedy of the Administrative Agent or any of the Lenders and under the Loan AgreementAgreement or the respective Loan Documents, nor constitute a waiver of any provision of the Loan AgreementAgreement or the respective Loan Documents, except as specifically set forth herein. (b) The Borrower and each Guarantor hereby (i) reaffirms all of its agreements and obligations under the Loan DocumentsDocuments to which it is a party, (ii) reaffirms that all Obligations of Borrower applicable to it under or in connection with the Loan Agreement as amended hereby are “Obligations” as that term is defined in the Loan Documents and (iii) reaffirms that all such Obligations continue to be secured by the respective Loan Documents, which remain in full force and effect and are hereby ratified and confirmed.

Appears in 1 contract

Samples: Loan Agreement (K-Sea Transportation Partners Lp)

AutoNDA by SimpleDocs

Effect; No Waiver. (a) The Borrower hereby (i) reaffirms and admits the validity and enforceability of the Loan Documents and all of its obligations thereunder and (ii) agrees and admits that it has no existing defenses to or offsets against any such obligation. Except as specifically set forth herein, the Loan Credit Agreement and the other Loan Documents shall remain in full force and effect in accordance with their terms and are hereby ratified and confirmed. The execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any existing or future Default or Event of Default, whether known or unknown or any right, power or remedy of the Administrative Agent or the Lenders under the Loan Credit Agreement, nor constitute a waiver of any provision of the Loan Credit Agreement, except as specifically set forth herein. (b) The Borrower hereby (i) reaffirms all of its agreements and obligations under the Loan Security Documents, (ii) reaffirms that all Obligations of the Borrower under or in connection with the Loan Credit Agreement as amended hereby are “ObligationsObligations ” as that term is defined in the Loan Security Documents and (iii) reaffirms that all such Obligations continue to be secured by the Loan Security Documents, which remain remains in full force and effect and are is hereby ratified and confirmed.

Appears in 1 contract

Samples: Forbearance Agreement and Credit Agreement Amendment (Lifetime Brands, Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!