Common use of Effect of Amendment; No Novation Clause in Contracts

Effect of Amendment; No Novation. Except as expressly set forth herein, the Credit Agreement shall remain in full force and effect and shall constitute the legal, valid, binding and enforceable obligation of the Loan Parties to the Agent and Lender, and the Loan Parties hereby restate, ratify and reaffirm each and every term and condition set forth in the Credit Agreement, as amended hereby. The terms of this Amendment are not intended to and do not serve as a novation as to the Credit Agreement or the Note or the indebtedness evidenced thereby. The parties hereto expressly do not intend to extinguish any debt or security interest created pursuant to the Credit Agreement or any document executed in connection therewith. Instead it is the express intention to affirm the Credit Agreement and the security created thereby.

Appears in 7 contracts

Samples: Credit Agreement (Cbeyond, Inc.), Credit Agreement (Cbeyond, Inc.), Credit Agreement (Cbeyond, Inc.)

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Effect of Amendment; No Novation. Except as expressly set forth herein, the Credit Agreement shall remain unchanged and in full force and effect and shall constitute the legal, valid, binding and enforceable obligation of the Loan Parties Borrower to the Agent and Lender, and the Loan Parties Borrower hereby restaterestates, ratify ratifies and reaffirm reaffirms each and every term and condition set forth in the Credit Agreement, as amended hereby. The terms of this Amendment are not intended to and do not serve as a novation as to the Credit Agreement or the any Note or the indebtedness evidenced thereby. The parties hereto expressly do not intend to extinguish any debt or security interest created pursuant to the Credit Agreement or any document executed in connection therewith. Instead it is the express intention to affirm the Credit Agreement and the security created thereby.

Appears in 5 contracts

Samples: Credit Agreement and Consent (Goldleaf Financial Solutions Inc.), Credit Agreement (Goldleaf Financial Solutions Inc.), Credit Agreement (Goldleaf Financial Solutions Inc.)

Effect of Amendment; No Novation. Except as expressly set forth herein, the Credit Loan Agreement shall remain in full force and effect and shall constitute the legal, valid, binding and enforceable obligation of the Loan Parties Borrower to the Agent and LenderLenders, and the Loan Parties Borrower hereby restaterestates, ratify ratifies and reaffirm reaffirms each and every term and condition set forth in the Credit Loan Agreement, as amended hereby. The terms of this Amendment are not intended to and do not serve as a novation as to the Credit Loan Agreement or the Note Notes or the indebtedness evidenced thereby. The parties hereto expressly do not intend to extinguish any debt or security interest created pursuant to the Credit Loan Agreement or any document executed in connection therewith. Instead it is the express intention to affirm the Credit Loan Agreement and the security created thereby.

Appears in 3 contracts

Samples: Loan Agreement (Metrotrans Corp), Loan Agreement (Metrotrans Corp), Loan Agreement (Metrotrans Corp)

Effect of Amendment; No Novation. Except as expressly set forth herein, the Credit Agreement shall remain in full force and effect and shall constitute the legal, valid, binding and enforceable obligation of the Loan Parties Borrower to the Agent and Lender, and the Loan Parties Borrower hereby restaterestates, ratify ratifies and reaffirm reaffirms each and every term and condition set forth in the Credit Agreement, as amended hereby. The terms of this Amendment are not intended to and do not serve as a novation as to the Credit Agreement or the Note or the indebtedness evidenced thereby. The parties hereto expressly do not intend to extinguish any debt or security interest created pursuant to the Credit Agreement or any document executed in connection therewith. Instead it is the express intention to affirm the Credit Agreement and the security created thereby.

Appears in 2 contracts

Samples: Credit Agreement (Private Business Inc), Credit Agreement (Goldleaf Financial Solutions Inc.)

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Effect of Amendment; No Novation. Except as expressly set forth herein, the Credit Loan Agreement shall remain in full force and effect and shall constitute the legal, valid, binding and enforceable obligation of the Loan Parties Borrower to the Agent and LenderBanks, and the Loan Parties Borrower hereby restaterestates, ratify ratifies and reaffirm reaffirms each and every term and condition set forth in the Credit Loan Agreement, as amended hereby. The terms of this Amendment are not intended to and do not serve as a novation as to the Credit Loan Agreement or the Note Notes or the indebtedness evidenced thereby. The parties hereto expressly do not intend to extinguish any debt or security interest created pursuant to the Credit Loan Agreement or any document executed in connection therewith. Instead it is the express intention to affirm the Credit Loan Agreement and the security created thereby.

Appears in 1 contract

Samples: Loan Agreement (Rural Cellular Corp)

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