Parties’ confirmation Sample Clauses

Parties’ confirmation. Each of the Relevant Parties hereby confirms its consent to the amendments to the Principal Agreement contained in this Agreement and agrees that: 6.1 each of the Security Documents to which it is a party, and its obligations thereunder, shall remain in full force and effect notwithstanding the amendments made to the Principal Agreement by this Agreement (including, without limitation, the increase of the Commitment as provided herein and in the Loan Agreement); 6.2 its obligations under the relevant Security Documents to which it is a party include any and all amounts owing by the Borrowers under the Principal Agreement as amended and restated by this Agreement including, without limitation, any amounts of principal advanced by the Bank to the Borrowers as a result of the increase of the Commitment to $43,160,000, interest and commitment commission thereon and any other amounts whatsoever owing by the Borrowers under the Principal Agreement as amended and restated by this Agreement; and 6.3 with effect from the Effective Date, references to “the Agreement” or the “the Loan Agreement” in any of the Security Documents to which it is a party shall henceforth be references to the Principal Agreement as amended and restated by this Agreement and as from time to time hereafter amended.

Parties’ confirmation. Each of the Relevant Parties hereby confirms its consent to the amendments to the Existing Documents contained in this Agreement and agrees that: 6.1 each of the Security Documents to which it is a party, and its obligations thereunder, shall remain and continue in full force and effect notwithstanding the said amendments made to the Existing Documents by this Agreement; 6.2 with effect from the Effective Date, references to “the Agreement” or “the Loan Agreement” (or such other equivalent or similar references) in any of the other Security Documents to which such Relevant Party is a party, shall henceforth be references to the Principal Agreement as amended by this Agreement and as from time to time hereafter amended and shall also be deemed to include this Agreement and the obligations of the Borrowers hereunder; and 6.3 with effect from the Effective Date, references in any of the Security Documents to which it is a party to a “Deed of Covenant” or a “Charter Assignment” (or such other equivalent or similar references), shall henceforth be references to such document as amended by this Agreement on the Effective Date and as from time to time hereafter amended.

Parties’ confirmation. Each of the Relevant Parties hereby confirms its consent to the amendments to the Principal Agreement as set out in clause 4 and to the other arrangements contained in this Agreement (including the amendments to the Corporate Guarantee referred to in clause 4.3) and further acknowledges and agrees, for the avoidance of doubt, that: 7.1 each of the Security Documents to which it is a party, and its obligations thereunder, shall remain and continue in full force and effect notwithstanding the amendments made to the Principal Agreement and the other arrangements contained in this Agreement (including the amendments to the Corporate Guarantee referred to in clause 4.3); 7.2 with effect from the Effective Date each of the Relevant Parties shall be bound by each of the Security Documents to which it is a party in ail respects taking into account that the New Borrower is one of the Borrowers under the Principal Agreement; 7.3 with effect from the Effective Date references to “the Agreement” or “the Facility Agreement” or “the Loan Agreement” in any of the other Security Documents to which it is a party shall henceforth be references to the Principal Agreement as amended by this Agreement and as from time to time hereafter amended and shall also be deemed to include this Agreement and the obligations of the Borrowers hereunder; and 7.4 with effect from the Effective Date reference to “the Corporate Guarantee” in any of the Security Documents to which it is a party shall henceforth be references to the Corporate Guarantee as amended by this Agreement and as from time to time hereafter amended.

Parties’ confirmation. Each of the Relevant Parties acknowledges and agrees, for the avoidance of doubt, that: 6.1 each of the Finance Documents to which it is a party, and its obligations thereunder, shall remain in full force and effect notwithstanding the amendments made to the Principal Agreement by this Agreement; and 6.2 with effect from the Effective Date, references to “the Agreement” or “the Loan Agreement” or “the Facility Agreement” in any of the other Finance Documents to which it is a party shall henceforth be references to the Principal Agreement as amended and/or supplemented by this Agreement and as from time to time hereafter further amended, supplemented and/or restated and shall also be deemed to include the obligations of each Relevant Party hereunder.

Parties’ confirmation. Each of the Relevant Parties hereby confirms its consent to the amendments to the Principal Agreement as set out in clause 3 and further acknowledges and agrees, for the avoidance of doubt, that: 6.1 each of the Security Documents to which it is a party, and its obligations thereunder, shall remain and continue in full force and effect notwithstanding the amendments made to the Principal Agreement contained in this Agreement; and 6.2 with effect from the Effective Date: (a) references to “the Agreement” or “the Loan Agreement” in any of the other Security Documents to which it is a party shall henceforth be references to the Principal Agreement as amended by this Agreement and as from time to time hereafter amended and shall also be deemed to include this Agreement and the obligations of the Borrowers thereunder; and (b) in any of the Security Documents (other than the Loan Agreement) (i) references to the “Phoenix Mortgage”, the “Phoenix General Assignment”, the “Phoenix Charter Assignment” and the “Phoenix Manager’s Undertaking” shall be references to the “Free Hero Mortgage”, the “Free Hero General Assignment”, the “Free Hero Charter Assignment” and the “Free Hero Manager’s Undertaking” and (ii) in any of the Security Documents (other than the Loan Agreement) references to be the “Goddess Mortgage”, the “Goddess General Assignment”, the “Goddess Charter Assignment” and the “Goddess Manager’s Undertaking” shall be references to be “Free Jupiter Mortgage”, the “Free Jupiter General Assignment”, the “Free Jupiter Charter Assignment” and the “Free Jupiter Manager’s Undertaking”.

Parties’ confirmation. Yang Jun has signed the Equity Transfer Agreement with Hunan Oceanwing, Jiedian, and other related parties in Jiedian's first round of financing, agreeing that Yang Jun will accept the 5% stake of Jiedian Technology held by Hunan Oceanwing. Parties confirmed that the Zhangzhou Zhouji Asset Management Partnership (Limited Partnership) accepted Yang Jun's rights and obligations under the Equity Transfer Agreement and registered as a shareholder of Jiedian.

Parties’ confirmation. Each of the Relevant Parties acknowledges and agrees, for the avoidance of doubt, that: 7.1 each of the Security Documents to which it is a party, and its obligations thereunder, shall remain in full force and effect notwithstanding the amendments made to the Principal Agreement and the Principal Master Agreement by this Agreement; and 7.2 with effect from the Effective Date, references to “the Agreement” or “the Loan Agreement” in any of the other Security Documents to which it is a party shall henceforth be references to the Principal Agreement as amended by this Agreement and as from time to time hereafter amended and references to the “Master Swap Agreement” in any of the other Security Documents shall henceforth be references to the Principal Master Agreement as amended by this Agreement and as from time to time hereafter amended and shall also be deemed to include the obligations of the Borrower hereunder.

Parties’ confirmation. Each of the Relevant Parties acknowledges and agrees, for the avoidance of doubt, that: 6.1 each of the Security Documents to which it is a party, and its obligations thereunder, shall remain in full force and effect notwithstanding the amendments made to the Principal Agreement and the Principal Corporate Guarantee by this Agreement; and 6.2 with effect from the Effective Date, references to “the Agreement” or “the Loan Agreement” or “the Corporate Guarantee” in any of the other Security Documents to which it is a party shall henceforth be references to the Principal Agreement and the Principal Corporate Guarantee as each is amended and/or supplemented by this Agreement and as from time to time hereafter amended and/or supplemented and shall also be deemed to include the obligations of the Borrowers hereunder.

Parties’ confirmation. Each of the Relevant Parties hereby confirms its consent to the requests referred to in Recital (C), to the agreements of the Bank contained in clause 2 and to the amendments to the Principal Agreement and the other arrangements contained in this Agreement (including the release of the Free Lady Owner) and agrees and confirms that: 6.1 each of the Security Documents to which it is a party, and its obligations thereunder, shall remain in full force and effect notwithstanding the agreements of the Bank contained in clause 2, the amendments made to the Principal Agreement and the other arrangements contained in this Agreement (including the release of the Free Lady Owner); 6.2 its obligations under the relevant Security Documents to which it is a party include any and all amounts owing by the Borrower under this Agreement and under the Principal Agreement as amended and restated by this Agreement; and 6.3 with effect from the Effective Date, references to “the Agreement” or “the Facility Agreement” or the “the Loan Agreement” (or equivalent or similar references) in any of the Security Documents to which it is a party shall henceforth be references to the Principal Agreement as amended and restated by this Agreement and as from time to time hereafter amended.