No Novation and Reaffirmation Sample Clauses

No Novation and Reaffirmation. Nothing herein contained shall be construed as a substitution or novation of the obligations outstanding under the Credit Agreement or instruments securing the same, which shall remain in full force and effect, except to any extent modified hereby or by instruments executed concurrently herewith and except to the extent repaid as provided herein. Nothing implied in this First Refinancing Amendment or in any other document contemplated hereby shall discharge or release the Lien or priority of any Collateral Document or any other security therefor or otherwise be construed as a release or other discharge of any of the Loan Parties under any Loan Document from any of its obligations and liabilities as a borrower, guarantor or pledgor under any of the Loan
Sample 1
AutoNDA by SimpleDocs
No Novation and Reaffirmation. The execution and delivery of this Restatement Agreement and the effectiveness shall not act as a novation of the Third Restated Credit Agreement and shall not serve to discharge or release any Obligation or Lien under the Credit Documents or to forgive the payment of any amount owing thereunder. This Restatement Agreement shall be a Credit Document for all purposes of the Fourth Restated Credit Agreement. Each Credit Party hereby confirms that its obligations under each Credit Document executed under the Third Restated Credit Agreement shall continue to apply to the Obligations under the Fourth Restated Credit Agreement. In addition, each Credit Party affirms the prior security interests granted by it under the Security Documents and agrees that such security interests will remain in full force and effect after giving effect to this Restatement Agreement to secure the Obligations (including the Obligations under the Fourth Restated Credit Agreement) for the benefit of the Secured Parties (as defined in the Fourth Restated Credit Agreement).
Sample 1
No Novation and Reaffirmation. The execution and delivery of this Restatement Agreement and the effectiveness shall not act as a novation of the Fourth Restated Credit Agreement and shall not serve to discharge or release any Obligation or Lien under the Credit Documents or to forgive the payment of any amount owing thereunder. This Restatement Agreement shall be a Credit Document for all purposes of the Fifth Restated Credit Agreement. Each Credit Party hereby confirms that its obligations under each Credit Document executed under the Fourth Restated Credit Agreement shall continue to apply to the Obligations under the Fifth Restated Credit Agreement. In addition, each Credit Party affirms the prior security interests granted by it under the Security Documents and agrees that such security interests will remain in full force and effect after giving effect to this Restatement Agreement to secure the Obligations (including the Obligations under the Fifth Restated Credit Agreement) for the benefit of the Secured Parties (as defined in the Fifth Restated Credit Agreement). Columbia Medical Center of Plano Subsidiary, L.P. (“Medical Center of Plano”) hereby confirms that it is, following the Fifth Restatement Effective Date, a guarantor under the Guarantee, a subsidiary grantor under the Security Agreement, and a subsidiary pledgor under the Pledge Agreement, and its obligations under each Credit Document executed under the Fourth Restated Credit Agreement prior to the designation of Medical Center of Plano as a Designated Non-Guarantor Subsidiary, shall, following the Fifth Restatement Effective Date, apply to the Obligations under the Fifth Restated Credit Agreement, and Medical Center of Plano affirms that the security interests granted by it under the Security Documents prior to such designation will be in full force and effect after giving effect to this Restatement Agreement and to the re-designation of Medical Center of Plano as a Guarantor, securing the Obligations under the Fifth Restated Credit Agreement for the benefit of the Secured Parties.
Sample 1
No Novation and Reaffirmation. Nothing herein contained shall be construed as a substitution or novation of the obligations outstanding under the Credit Agreement or instruments securing the same, which shall remain in full force and effect, except to any extent modified hereby or by instruments executed concurrently herewith and except to the extent repaid as provided herein. Nothing implied in this Second Refinancing Amendment or in any other document contemplated hereby shall discharge or release the Lien or priority of any Collateral Document or any other security therefor or otherwise be construed as a release or other discharge of any of the Loan Parties under any Loan Document from any of its obligations and liabilities as a borrower, guarantor or pledgor under any of the Loan Documents, except, in each case, to any extent modified hereby and except to the extent repaid as provided herein. By signing this Second Refinancing Amendment, each Loan Party party hereto hereby confirms that, as of the Second Refinancing Amendment Effective Date, (a) the obligations of the Loan Parties under the Credit Agreement as modified or supplemented hereby (including with respect to the 2024 Refinancing Term Loan Facility contemplated by this Second Refinancing Amendment) and the other Loan Documents
Sample 1

Related to No Novation and Reaffirmation

  • Ratification and Reaffirmation Each Borrower hereby ratifies and reaffirms the Obligations, each of the Loan Documents and all of such Borrower's covenants, duties, indebtedness and liabilities under the Loan Documents.

  • Acknowledgement and Reaffirmation By their execution hereof, each Borrower and the Guarantor hereby expressly (a) consents to this Amendment and to the amendments to the Credit Agreement set forth herein, (b) acknowledges that the covenants, representations, warranties and other obligations set forth in the Credit Agreement, the Notes and the other Loan Documents to which such Borrower or the Guarantor is a party remain in full force and effect (it being understood and agreed that to the extent any such covenants, representations, warranties or other obligations are expressly modified herein, such covenants, representations, warranties or obligations shall continue in full force and effect as expressly modified herein) and (c) acknowledges and agrees that this Amendment shall constitute a “Loan Document” for all purposes of the Credit Agreement and the other Loan Documents.

  • Reaffirmation of Representations The Borrower hereby repeats and reaffirms all representations and warranties made by the Borrower to the Administrative Agent and the Lenders in the Credit Agreement as amended by this Amendment and the other Credit Documents on and as of the date hereof with the same force and effect as if such representations and warranties were set forth in this Amendment in full.

  • Reaffirmation Each of the Credit Parties that is a party hereto, as debtor, grantor, pledgor, guarantor, assignor, or in other any other similar capacity in which such Credit Party grants liens or security interests in its property or otherwise acts as accommodation party or guarantor, as the case may be, hereby (i) ratifies and reaffirms all of its payment and performance obligations, contingent or otherwise, under each of the Financing Documents to which it is a party (after giving effect hereto) and (ii) to the extent such Credit Party granted liens on or security interests in any of its property pursuant to any such Financing Document as security for or otherwise guaranteed the Borrowers’ Obligations under or with respect to the Financing Documents, ratifies and reaffirms such guarantee and grant of security interests and liens and confirms and agrees that such security interests and liens hereafter secure all of the Obligations as amended hereby. Each of the Credit Parties hereby consents to this Amendment and acknowledges that each of the Financing Documents remains in full force and effect and is hereby ratified and reaffirmed, subject to the amendments, consents and waivers set forth herein. The execution of this Amendment shall not operate as a waiver of any right, power or remedy of the Agent or Lenders or constitute a waiver of any provision of any of the Financing Documents (except as expressly set forth herein) or serve to effect a novation of the Obligations.

Time is Money Join Law Insider Premium to draft better contracts faster.