Common use of Pledge Agreement – Subsidiary Borrowers Clause in Contracts

Pledge Agreement – Subsidiary Borrowers. The ONE Group hereby: (a) confirms, acknowledges and agrees that (i) term "Borrowers" as used in the Pledge Agreement – Subsidiary Borrowers, as heretofore amended and as amended by this Amendment includes the New Domestic Borrower, (ii) the term "Obligations" as used in the Pledge Agreement – Subsidiary Borrowers, as heretofore amended and as amended by this Amendment (or any other term or terms used therein to describe or refer to the indebtedness, liabilities and obligations of (A) the Borrowers (including the New Borrower) and/or (B) the Guarantor, in either case, under the Credit Agreement and the other Loan Documents to the Bank) includes, without limitation, the indebtedness, liabilities and obligations of the Borrowers (including the New Borrower) under the Credit Agreement and the other Loan Documents, as amended hereby or otherwise, and (iii) the Pledge Agreement – Subsidiary Borrowers, as heretofore amended and as amended hereby, remains in full force and effect and is hereby ratified and confirmed; and (b) reaffirms its continuing liability under the Pledge Agreement – Subsidiary Borrowers.

Appears in 2 contracts

Samples: Credit Agreement (ONE Group Hospitality, Inc.), Credit Agreement (ONE Group Hospitality, Inc.)

AutoNDA by SimpleDocs

Pledge Agreement – Subsidiary Borrowers. The ONE Group hereby: (a) confirms, acknowledges and agrees that (i) term "Borrowers" as used in the Pledge Agreement – Subsidiary Borrowers, as heretofore amended and as amended by this Amendment includes each of the New Domestic BorrowerBorrowers, (ii) the term "Obligations" as used in the Pledge Agreement – Subsidiary Borrowers, as heretofore amended and as amended by this Amendment (or any other term or terms used therein to describe or refer to the indebtedness, liabilities and obligations of (A) the Borrowers (including the New BorrowerBorrowers) and/or (B) the Guarantor, in either case, under the Credit Agreement and the other Loan Documents to the Bank) includes, without limitation, the indebtedness, liabilities and obligations of the Borrowers (including the New BorrowerBorrowers) under the Credit Agreement and the other Loan Documents, as amended hereby or otherwise, and (iii) the Pledge Agreement – Subsidiary Borrowers, as heretofore amended and as amended hereby, remains in full force and effect and is hereby ratified and confirmed; and (b) reaffirms its continuing liability under the Pledge Agreement – Subsidiary Borrowers.

Appears in 1 contract

Samples: Credit Agreement (ONE Group Hospitality, Inc.)

AutoNDA by SimpleDocs

Pledge Agreement – Subsidiary Borrowers. The ONE One Group hereby: (a) confirms, acknowledges and agrees that (i) term "Borrowers" as used in the Pledge Agreement – Subsidiary Borrowers, as heretofore amended and as amended by this Amendment includes each of the New Domestic BorrowerSubsidiaries, (ii) the term "Obligations" as used in the Pledge Agreement – Subsidiary Borrowers, as heretofore amended and as amended by this Amendment (or any other term or terms used therein to describe or refer to the indebtedness, liabilities and obligations of (Aa) the Borrowers (including the New BorrowerSubsidiaries) and/or (Bb) the Guarantor, in either case, under the Credit Agreement and the other Loan Documents to the Bank) includes, without limitation, the indebtedness, liabilities and obligations of the Borrowers (including the New BorrowerSubsidiaries) under the Credit Agreement and the other Loan Documents, as amended hereby or otherwise, and (iii) the Pledge Agreement – Subsidiary Borrowers, as heretofore amended and as amended hereby, remains in full force and effect and is hereby ratified and confirmed; and (b) reaffirms its continuing liability under the Pledge Agreement – Subsidiary Borrowers.

Appears in 1 contract

Samples: Credit Agreement (COMMITTED CAPITAL ACQUISITION Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!