Common use of Existing Loan Documents Clause in Contracts

Existing Loan Documents. Each Borrower and Guarantor hereby acknowledges, confirms and agrees that as of the date hereof: (i) the Existing Credit Agreement and each of the other Existing Loan Documents were duly executed and delivered by Borrowers and Guarantors and are in full force and effect, (ii) the agreements and obligations of Borrowers and Guarantors contained in the Existing Credit Agreement and the other Existing Loan Documents to which it is a party constitute the legal, valid and binding obligations of such Borrower enforceable against it in accordance with their respective terms, except as enforcement may be limited by equitable principles or by bankruptcy, insolvency, reorganization, moratorium, or similar laws relating to or limiting creditors’ rights generally, and Borrowers have no valid defense to the enforcement of such obligations except to the extent enforcement may be limited by equitable principles or by bankruptcy, insolvency, reorganization, moratorium, or similar laws relating to or limiting creditors’ rights generally and (iii) Agent is entitled to all of the rights and remedies provided for in the Existing Credit Agreement and the Existing Loan Documents.

Appears in 3 contracts

Samples: Credit Agreement (Vector Group LTD), Credit Agreement (Vector Group LTD), Credit Agreement (Vector Group LTD)

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Existing Loan Documents. Each Borrower and Guarantor hereby acknowledges, confirms and agrees that as of the date hereofRestatement Effective Date: (i) the Existing Credit Agreement and each of the other Existing Loan Documents were duly executed and delivered by the Borrowers and Guarantors party thereto and are were in full force and effect, (ii) the agreements and obligations of each of the Borrowers and Guarantors party thereto contained in the Existing Credit Agreement and the other Existing Loan Documents to which it is a party constitute constituted the legal, valid and binding obligations of such Borrower Borrowers and Guarantors enforceable against it them in accordance with their respective terms, except as enforcement may be limited by equitable principles or by bankruptcy, insolvency, reorganization, moratorium, or similar laws relating to or limiting creditors’ rights generally, and the Borrowers and Guarantors party thereto have no valid defense to the enforcement of such obligations except to the extent enforcement may be limited by equitable principles or by bankruptcy, insolvency, reorganization, moratorium, or similar laws relating to or limiting creditors’ rights generally and (iii) Agent is entitled to all of the rights and remedies provided for in the Existing Credit Agreement and the Existing Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Vector Group LTD)

Existing Loan Documents. Each Borrower and Guarantor hereby acknowledges, confirms and agrees that as of the date hereofRestatement Effective Date: (i) the Existing Credit Agreement and each of the other Existing Loan Documents were duly executed and delivered by the Borrowers and Guarantors party thereto and are were in full force and effect, (ii) the agreements and obligations of each of the Borrowers and Guarantors party thereto contained in the Existing Credit Agreement and the other Existing Loan Documents to which it is a party constitute constituted the legal, valid and binding obligations of such Borrower Borrowers and Guarantors enforceable against it them in accordance with their respective terms, except as enforcement may be limited by equitable principles or by bankruptcy, insolvency, reorganization, moratorium, or similar laws relating to or limiting creditors’ rights generally, and the Borrowers and Guarantors party thereto have no valid defense to the enforcement of such obligations except to the extent enforcement may be limited by equitable principles or by bankruptcy, insolvency, reorganization, moratorium, or similar laws relating to or limiting creditors’ rights generally and (iii) Agent is entitled to all of the rights and remedies provided for in the Existing Credit Agreement and the Existing Loan Documents.. 18.4

Appears in 1 contract

Samples: Credit Agreement (Vector Group LTD)

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Existing Loan Documents. Each Borrower and Guarantor hereby acknowledges, confirms and agrees that as of the date hereofRestatement Effective Date: (i) the Existing Credit Agreement and each of the other Existing Loan Documents were duly executed and delivered by the Borrowers and Guarantors party thereto and are were in full force and effect, (ii) the agreements and obligations of each of the Borrowers and Guarantors party thereto contained in the Existing Credit Agreement and the other Existing Loan Documents to which it is a party constitute constituted the legal, valid and binding obligations of such Borrower Borrowers and Guarantors enforceable against it them in accordance with their respective terms, except as enforcement may be limited 83 by equitable principles or by bankruptcy, insolvency, reorganization, moratorium, or similar laws relating to or limiting creditors’ rights generally, and the Borrowers and Guarantors party thereto have no valid defense to the enforcement of such obligations except to the extent enforcement may be limited by equitable principles or by bankruptcy, insolvency, reorganization, moratorium, or similar laws relating to or limiting creditors’ rights generally and (iii) Agent is entitled to all of the rights and remedies provided for in the Existing Credit Agreement and the Existing Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Vector Group LTD)

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