No Novation; No Refinance. It is the intent of each of the PARTIES that nothing contained in this AGREEMENT shall be deemed to effect or accomplish or otherwise constitute a novation of any of the obligations owed by any of the OBLIGORS to the LENDERS or to be a refinance of any of the LOANS. Nothing contained herein shall be deemed to extinguish, terminate or impair any of the duties or obligations owed by the OBLIGORS to the LENDERS with respect to any of the LOANS, the CREDIT DOCUMENTS or the GUARANTY AGREEMENTS.
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Samples: Second Modification Agreement (Martek Biosciences Corp), First Modification Agreement (Martek Biosciences Corp)
No Novation; No Refinance. It is the intent of each intention of the PARTIES that nothing contained in this AGREEMENT shall be deemed to effect or accomplish or otherwise constitute a novation of any of the obligations or duties owed by the BORROWER to the LENDER or of any of the OBLIGORS to the LENDERS LOAN DOCUMENTS or to be a refinance of any of the LOANSLOAN. Nothing contained herein shall be deemed is intended to extinguish, terminate or impair any of the duties or obligations owed by the OBLIGORS BORROWER to the LENDERS with respect to any of the LOANS, the CREDIT DOCUMENTS or the GUARANTY AGREEMENTSLENDER.
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Samples: Forbearance Agreement (Environmental Elements Corp)
No Novation; No Refinance. It is the intent of each intention of the PARTIES parties that nothing contained in this AGREEMENT Agreement shall be deemed to effect or accomplish or otherwise constitute a novation of any of the obligations or duties owed by the Borrower to Banknorth or of any of the OBLIGORS to the LENDERS Notes or other Loan Documents or to be a refinance of any of the LOANSLoans. Nothing Except as specifically provided herein, nothing contained herein shall be deemed is intended to extinguish, terminate or impair any of the duties or obligations owed by the OBLIGORS Borrower to the LENDERS with respect to any of the LOANS, the CREDIT DOCUMENTS or the GUARANTY AGREEMENTSBanknorth.
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No Novation; No Refinance. It is the intent of each intention of the PARTIES parties that nothing contained in this AGREEMENT shall be deemed to effect or accomplish or otherwise constitute a novation of any of the obligations or duties owed by any either of the OBLIGORS to the LENDERS LENDER or of any of the LOAN DOCUMENTS or to be a refinance of any of the LOANSLOAN. Nothing contained herein shall be deemed is intended to extinguish, terminate or impair any of the duties or obligations owed by either of the OBLIGORS to the LENDERS with respect to any of the LOANS, the CREDIT DOCUMENTS or the GUARANTY AGREEMENTSLENDER.
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