Common use of Guarantor Acknowledgment Clause in Contracts

Guarantor Acknowledgment. Each Guarantor, by signing this Amendment hereby: 5.1 confirms and ratifies its respective guarantees, pledges and grants of security interests, as applicable, under each Loan Document to which it is a party, and agrees that notwithstanding the effectiveness of this Amendment and the consummation of the transactions contemplated hereby, such guarantees, pledges and grants of security interests shall continue to be in full force and effect and shall accrue to the benefit of the Secured Parties; 5.2 acknowledges and agrees that all of the Loan Documents to which such Guarantor is a party or otherwise bound shall continue in full force and effect and that all of such Guarantor’s obligations thereunder shall be valid and enforceable and shall not be impaired or limited by the execution or effectiveness of this Amendment; and 5.3 hereby consents and agrees to and acknowledges and affirms the terms of this Amendment and the transactions contemplated hereby.

Appears in 3 contracts

Samples: Credit Agreement (Internap Corp), Credit Agreement (Internap Corp), Credit Agreement (Internap Corp)

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Guarantor Acknowledgment. Each Guarantor, by signing this Amendment hereby: 5.1 confirms and ratifies its respective guarantees, pledges and grants of security interests, as applicable, under each Loan Document to which it is a party, and agrees that notwithstanding the effectiveness of this the Amendment and the consummation of the transactions contemplated hereby, thereby such guarantees, pledges and grants of security interests shall continue to be in full force and effect and shall accrue to the benefit of the Secured Parties; 5.2 acknowledges and agrees that all of the Loan Documents to which such Guarantor is a party or otherwise bound shall continue in full force and effect and that all of such Guarantor’s obligations thereunder shall be valid and enforceable and shall not be impaired or limited by the execution or effectiveness of this Amendment; and 5.3 hereby consents and agrees to and acknowledges and affirms the terms of this Amendment and the transactions contemplated herebythereby.

Appears in 3 contracts

Samples: Credit Agreement (Internap Corp), Credit Agreement (Internap Corp), Credit Agreement (Internap Corp)

Guarantor Acknowledgment. Each Guarantor, by signing this Amendment hereby: 5.1 6.1 confirms and ratifies its respective guarantees, pledges and grants of security interests, as applicable, under each Loan Document to which it is a party, and agrees that notwithstanding the effectiveness of this Amendment and the consummation of the transactions contemplated hereby, such guarantees, pledges and grants of security interests shall continue to be in full force and effect and shall accrue to the benefit of the Secured Parties; 5.2 6.2 acknowledges and agrees that all of the Loan Documents to which such Guarantor is a party or otherwise bound shall continue in full force and effect and that all of such Guarantor’s obligations thereunder shall be valid and enforceable and shall not be impaired or limited by the execution or effectiveness of this Amendment; and 5.3 hereby 6.3 consents and agrees to and acknowledges and affirms the terms of this Amendment and the transactions contemplated hereby.

Appears in 2 contracts

Samples: Credit Agreement (Internap Corp), Credit Agreement (Internap Corp)

Guarantor Acknowledgment. Each Guarantor, by signing this Amendment hereby: 5.1 confirms and ratifies its respective guarantees, pledges and grants of security interests, as applicable, under each Loan Document to which it is a party, and agrees that notwithstanding the effectiveness of this Amendment and the consummation of the transactions contemplated hereby, such guarantees, pledges and grants of security interests shall continue to be in full force and effect and shall accrue to the benefit of the Secured Parties; 5.2 acknowledges and agrees that all of the Loan Documents to which such Guarantor is a party or otherwise bound shall continue in full force and effect and that all of such Guarantor’s obligations thereunder shall be valid and enforceable enforceable, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally, regardless of whether considered in a proceeding in equity or at law, and shall not be impaired or limited by the execution or effectiveness of this Amendment; and 5.3 hereby consents and agrees to and acknowledges and affirms the terms of this Amendment and the transactions contemplated hereby.

Appears in 1 contract

Samples: Credit Agreement (Internap Corp)

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Guarantor Acknowledgment. Each Guarantor, by signing this Amendment hereby: 5.1 6.1 confirms and ratifies its respective guarantees, pledges and grants of security interests, as applicable, under each Loan Document to which it is a party, and agrees that notwithstanding the effectiveness of this Amendment and the consummation of the transactions contemplated hereby, such guarantees, pledges and grants of security interests shall continue to be in full force and effect and shall accrue to the benefit of the Secured Parties; 5.2 6.2 acknowledges and agrees that all of the Loan Documents to which such Guarantor is a party or otherwise bound shall continue in full force and effect and that all of such Guarantor’s obligations thereunder shall be valid and enforceable and shall not be impaired or limited by the execution or effectiveness of this Amendment; and 5.3 6.3 hereby consents and agrees to and acknowledges and affirms the terms of this Amendment and the transactions contemplated hereby.

Appears in 1 contract

Samples: Credit Agreement (Internap Corp)

Guarantor Acknowledgment. Each Guarantor, by signing this Incremental Amendment hereby: 5.1 confirms and ratifies its respective guarantees, pledges and grants of security interests, as applicable, under each Loan Document to which it is a party, and agrees that notwithstanding the effectiveness of this Incremental Amendment and the consummation of the transactions contemplated hereby, such guarantees, pledges and grants of security interests shall continue to be in full force and effect and shall accrue to the benefit of the Secured Parties; 5.2 acknowledges and agrees that all of the Loan Documents to which such Guarantor is a party or otherwise bound shall continue in full force and effect and that all of such Guarantor’s obligations thereunder shall be valid and enforceable and shall not be impaired or limited by the execution or effectiveness of this Incremental Amendment; and 5.3 hereby consents and agrees to and acknowledges and affirms the terms of this Incremental Amendment and the transactions contemplated hereby.

Appears in 1 contract

Samples: Credit Agreement (Internap Corp)

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