Further Agreements and Representations. Each of the Borrowers hereby, jointly and severally: (a) ratifies, confirms and acknowledges that the Credit Agreement, as amended hereby, and all other Loan Documents continue to be valid, binding and in full force and effect as of the date hereof, and enforceable in accordance with their terms; (b) covenants and agrees to perform all of their respective obligations under the Credit Agreement, as amended hereby, and all other Loan Documents; (c) acknowledges and agrees that as of the date hereof, no Borrower has any defense, set-off, counterclaim or challenge against the payment of any sums owing to the Agent or the Lenders or the enforcement of any of the terms of the Credit Agreement, as amended hereby, or any of the other Loan Documents; (d) acknowledges and agrees that all Loans presently or hereafter outstanding under the Loan Documents shall continue to be secured by the Collateral; (e) acknowledges and agrees that this Amendment does not constitute a novation of the Loans; (f) ratifies, confirms and continues all rights and remedies granted to the Agent and the Lenders in the Loan Documents; and (g) ratifies and confirms all waivers made by the Borrowers in the Loan Documents.
Appears in 5 contracts
Samples: Credit Agreement (Sl Industries Inc), Credit Agreement (Sl Industries Inc), Credit Agreement (Sl Industries Inc)