Existing Finance Documents Continue Clause Samples

Existing Finance Documents Continue. (a) Each Obligor confirms that, on the Effective Date: (i) in respect of the Existing Finance Documents to which it is a party, save to the extent amended by this Agreement and amended or released by the other New Finance Documents, the Existing Finance Documents remain in full force and effect and continue to constitute its legal, valid and binding obligations; and (ii) notwithstanding the amendments and consents to the Existing Finance Documents contemplated by the New Finance Documents, the Existing Transaction Security created by it and its obligations under any guarantee or Existing Transaction Security given or created by it under the Existing Finance Documents to which it is a party will: (A) continue in full force and effect; (B) continue to constitute its legal, valid and binding obligations; and (C) extend to the liabilities and obligations of the Obligors to the relevant Finance Parties under the Existing Finance Documents and the New Finance Documents. (b) The Parties acknowledge and agree that the amendment of an Existing Facility Agreement or the Existing Guarantee Facility Agreement pursuant to this Agreement shall not constitute, and shall not be construed as, a novation of, or to have a novative effect on, the obligations or the other transactions contemplated under such Existing Facility Agreement or the Existing Guarantee Facility Agreement. (c) Each Original Obligor party hereto hereby confirms that it has reviewed the terms and conditions of the Existing Finance Document to which it is a party and this Agreement and consents to the amendments to the Existing Finance Documents that are effected pursuant to this Agreement and the New Finance Documents to which it is a party. Each Original Obligor party hereto hereby ratifies and reaffirms on the Effective Date (i) the Liabilities and Secured Liabilities under the Amended Facility Agreements, the Amended Guarantee Facility Agreement and each of the other Finance Documents to which it is a party and all of the covenants, duties, indebtedness and liabilities under the Amended Facility Agreements, the Amended Guarantee Facility Agreement and the other Finance Documents to which it is a party and (ii) the Security Interests and liens created in favor of the relevant Agents and the Lenders pursuant to each Transaction Security Document; which Security Interests and liens shall continue in full force and effect during the term of the Amended Facility Agreements, the Amended Guarantee Facility A...