Common use of No Novation; No Refinance Clause in Contracts

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 Loans or the other Obligations or to be a refinance of any of the Loans or the other Obligations.

Appears in 2 contracts

Samples: Second Modification Agreement (Lecroy Corp), First Modification Agreement (Lecroy Corp)

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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 effect, accomplish, or otherwise constitute a novation of the Credit Agreement or any of the Loan Documents, or of any of the Loans or the other Obligations Obligations, or to be a refinance of any of the Loans or the other Obligations.

Appears in 1 contract

Samples: Second Modification Agreement (Lecroy Corp)

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 Loans agreements between the parties or of any of the other Obligations obligations owed by any of the Obligors to the Credit Parties or to be a refinance of any of the Loans Obligations. Except as expressly provided for in this Agreement, nothing contained herein shall be deemed to extinguish, terminate or impair any of the other Obligationsduties or obligations owed by any of the Obligors to the Credit Parties.

Appears in 1 contract

Samples: Credit Agreement (Sunrise Senior Living Inc)

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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 effect, accomplish, or otherwise constitute a novation of the Credit Agreement or any of the Loan Documents, or of any of the Loans or the other Obligations Obligations, or to be a refinance of any of the Loans or the other Obligations. Each of the Obligors reaffirms and ratifies all Liens previously granted by it to the Credit Parties in accordance with the Loan Documents.

Appears in 1 contract

Samples: Third Modification Agreement (Lecroy Corp)

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