Common use of Joinder and Assumption of Obligations Clause in Contracts

Joinder and Assumption of Obligations. Effective as of the date of this Joinder, the New Borrower hereby acknowledges that the New Borrower has received and reviewed a copy of the Credit Agreement and the other Loan Documents, and acknowledges and agrees to: (a) join in the execution of, and become a party to, the Credit Agreement as a Borrower thereunder, as indicated with its signature below; (b) be bound by all representations, warranties, covenants, agreements, liabilities and acknowledgments of the Existing Facility Guarantors under the Credit Agreement and the other Loan Documents, in each case, with the same force and effect as if such New Borrower was a signatory to the Credit Agreement and the other Loan Documents and was expressly named as a Borrower therein; (c) assume all rights and interests and perform all applicable duties and Obligations of the Existing Borrowers under the Credit Agreement and the other Loan Documents; and (d) upon request, execute and deliver to each requesting Lender a promissory note substantially in the form of Exhibit B to the Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (American Apparel, Inc)

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Joinder and Assumption of Obligations. Effective as of the date of this Joinder, the New Additional Borrower hereby acknowledges that the New Borrower it has received and reviewed a copy of the Credit Agreement and the other Loan DocumentsAgreement, and acknowledges and agrees tohereby: (a) join a. joins in the execution of, and become becomes a party to, the Credit Agreement as a Borrower under the Revolving Facility thereunder, as indicated with by its signature below; (b) b. covenants and agrees to be bound by all representations, warranties, covenants, agreements, liabilities and acknowledgments of the Existing Facility Guarantors each Borrower under the Credit Agreement and the other Loan DocumentsDocuments to which each Borrower is a party, in each case, with the same force and effect as if such New the Additional Borrower was a signatory to the Credit Agreement and the such other Loan Documents and was expressly named as a Borrower under the Revolving Facility therein;; and (c) assume all rights c. assumes and interests and agrees to perform all applicable duties and Obligations of a Borrower under the Existing Borrowers Revolving Facility under the Credit Agreement and the such other Loan Documents; and (d) upon request, execute and deliver to each requesting Lender a promissory note substantially in the form of Exhibit B to the Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Dole PLC)

Joinder and Assumption of Obligations. Effective as of the date of this Joinder, the New Borrower hereby acknowledges that the New Borrower has received and reviewed a copy of the Credit Agreement and the other Loan DocumentsAgreement, and acknowledges and agrees tohereby: (a) join joins in the execution of, and become becomes a party to, the Credit Agreement as a Borrower thereunderBorrower, as indicated with by its signature below; (b) covenants and agrees to be bound by all representations, warranties, covenants, agreements, liabilities and acknowledgments (other than covenants, agreements, liabilities and acknowledgments which specifically relate solely to an earlier date) of the Existing Facility Guarantors a Borrower under the Credit Agreement and the other Loan Documents, in each case, with the same force and effect as if such New Borrower was a signatory to the Credit Agreement and the other Loan Documents and was expressly named as a Borrower therein;; and (c) assume all rights assumes and interests and agrees to perform all applicable duties and Obligations of the Existing Borrowers a Loan Party under the Credit Agreement and the other Loan Documents; and (d) upon request, execute and deliver to each requesting Lender a promissory note substantially in the form of Exhibit B to the Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Advance Holdings, LLC)

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Joinder and Assumption of Obligations. Effective as of the date of this Joinder, the New Borrower hereby acknowledges that the New Borrower has received and reviewed a copy of the Credit Senior Loan Agreement and the other Bridge Loan DocumentsAgreement, and acknowledges and agrees to: (a) join in the execution of, and become a party to, the Credit Senior Loan Agreement and the Bridge Loan Agreement as a Borrower thereunder, as indicated with its signature below; (b) be bound by all representations, warranties, covenants, agreements, liabilities and acknowledgments of the Existing Facility Guarantors Borrower under the Credit Senior Loan Agreement and the Bridge Loan Agreement and the other Loan Documents, in each case, with the same force and effect as if such New Borrower was a signatory to the Credit Senior Loan Agreement and the Bridge Loan Agreement and the other Loan Documents and was expressly named as a Borrower therein;; and (c) assume all rights and interests and perform all applicable duties and Obligations of the Existing Borrowers Borrower under the Credit Senior Loan Agreement and the Bridge Loan Agreement and the other Loan Documents; and (d) upon request, execute and deliver to each requesting Lender a promissory note substantially in the form of Exhibit B to the Credit Agreement.

Appears in 1 contract

Samples: Loan Agreement (STAG Industrial, Inc.)

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