Common use of Obligor Confirmation Clause in Contracts

Obligor Confirmation. On the Effective Date, each Obligor: (a) confirms its acceptance of the amendments effected by this Deed; (b) agrees that it is bound as an Obligor (as defined in the Amended Facility Agreement); (c) confirms that the definition of, and references throughout each of the Finance Documents to, the Facility Agreement and any of the other Finance Documents shall be construed as if the same referred to the Facility Agreement and those Finance Documents as amended and supplemented by this Deed; (d) (if it is the Replacement Guarantor) confirms that its guarantee and indemnity: (i) will have full force and effect on the terms of the Amended Facility Agreement; and (ii) extends to the obligations of the Transaction Obligors under the Finance Documents as amended and supplemented by this Deed.

Appears in 2 contracts

Samples: Deed of Release, Accession and Amendment (United Maritime Corp), Deed of Release, Accession and Amendment (United Maritime Corp)

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Obligor Confirmation. On the Effective Date, each Obligor: (a) confirms its acceptance of the amendments effected by this DeedAgreement; (b) agrees that it is bound as an Obligor (as defined in the Amended Facility Agreement); (c) confirms that the definition of, and references throughout each of the Finance Documents to, the Facility Agreement and any of the other Finance Documents shall be construed as if the same referred to the Facility Agreement and those Finance Documents as amended and supplemented by this DeedAgreement; (d) (if it is the Replacement a Guarantor or a Hedge Guarantor) confirms that its guarantee and indemnity: : (i) will continues to have full force and effect on the terms of the Amended Facility Agreement; and and (ii) extends to the obligations of the Transaction relevant Obligors under the Finance Documents as amended and supplemented by this DeedAgreement.

Appears in 1 contract

Samples: Supplemental Agreement (Seanergy Maritime Holdings Corp.)

Obligor Confirmation. On the Effective Date, each Obligor: (a) confirms its acceptance of the amendments effected by this DeedSecond Supplemental Agreement; (b) agrees that it is bound as an Obligor (as defined in the Amended Facility Agreement); (c) confirms that the definition of, and references throughout each of the Finance Documents to, the Facility Agreement and any of the other Finance Documents shall be construed as if the same referred to the Facility Agreement and those Finance Documents as amended and supplemented by this DeedSecond Supplemental Agreement; (d) (if it is the Replacement a Guarantor) confirms that its guarantee and indemnity: 10 (i) will continues to have full force and effect on the terms of the Amended Facility Agreement; and (ii) extends to the obligations of the Transaction Obligors under the Finance Documents as amended and supplemented by this Deed.and

Appears in 1 contract

Samples: Second Supplemental Agreement (United Maritime Corp)

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Obligor Confirmation. On the Effective Date, each Obligor: (a) confirms its acceptance of the amendments effected by this DeedAmended and Restated Facility Agreement; (b) agrees that it is bound as an Obligor (as defined in the Amended and Restated Facility Agreement); (c) confirms that the definition of, and references throughout each of the Finance Documents to, the Facility Agreement and any of the other Finance Documents shall be construed as if the same referred to the Facility Agreement and those Finance Documents as amended and supplemented restated by this Deed;Agreement; and (d) (if it is the Replacement an Owner Guarantor) confirms that its guarantee and indemnity: : (i) will continues to have full force and effect on the terms of the Amended and Restated Facility Agreement; and and (ii) extends to the obligations of the Transaction relevant Obligors under the Finance Documents as amended and supplemented restated by this DeedAgreement.

Appears in 1 contract

Samples: Loan Agreement (Grindrod Shipping Holdings Ltd.)

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