Common use of Guarantor Ratification Clause in Contracts

Guarantor Ratification. Each Guarantor hereby (i) consents to the provisions of this Amendment and the transactions contemplated herein, (ii) ratifies and confirms the respective Guaranty dated as of November 19, 2007, made by the respective Guarantor for the benefit of Lender pursuant to the Loan Agreement, (iii) ratifies and confirms all other Loan Documents, (iv) agrees that all of Guarantor’s respective obligations and covenants thereunder shall remain unimpaired by the execution and delivery of this Amendment and the other documents and instruments executed in connection herewith, (v) all references in the Guaranty to the Loan Agreement shall be deemed to refer to the Loan Agreement as amended by this Amendment, and (vi) agrees that such Guaranty and such other Loan Documents shall remain in full force and effect.

Appears in 2 contracts

Samples: Loan and Security Agreement (CompuCredit Holdings Corp), Acceptance Purchase Agreement (CompuCredit Holdings Corp)

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Guarantor Ratification. Each Guarantor hereby (i) consents to the provisions of this Amendment and the transactions contemplated herein, (ii) ratifies and confirms 0000000x0 the respective Guaranty dated as of November 19, 2007, made by the respective Guarantor for the benefit of Lender pursuant to the Loan Agreement, (iii) ratifies and confirms all other Loan Documents, (iv) agrees that all of Guarantor’s respective obligations and covenants thereunder shall remain unimpaired by the execution and delivery of this Amendment and the other documents and instruments executed in connection herewith, (v) all references in the Guaranty to the Loan Agreement shall be deemed to refer to the Loan Agreement as amended by this Amendment, and (vi) agrees that such Guaranty and such other Loan Documents shall remain in full force and effect.

Appears in 1 contract

Samples: Loan and Security Agreement (CompuCredit Holdings Corp)

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Guarantor Ratification. Each Guarantor hereby (i) consents to the provisions of this Amendment and the transactions contemplated herein, (ii) ratifies and confirms the respective Guaranty dated as of November 19, 2007, made by the respective Guarantor for the benefit of Lender pursuant to the Loan Agreement, (iii) ratifies and confirms all other Loan Documents, (iv) agrees that all of Guarantor’s respective obligations and covenants thereunder shall remain unimpaired by the execution and delivery of this Amendment and the other documents and instruments executed in connection herewith, (v) all references in the Guaranty to the Loan Agreement shall be deemed to refer to the Loan Agreement as amended by this Amendment, and (vi) agrees that such Guaranty and such other Loan Documents shall remain in full force and effect, and (vii) consents to the Lender’s release of Xxx Xxxxx and Xxxx Xxxxx from the Released Guaranties and agrees that such release has no affect on the Guaranties of the Guarantors.

Appears in 1 contract

Samples: Loan and Security Agreement (CompuCredit Holdings Corp)

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