Ratification Agreement Clause Samples
A Ratification Agreement is a legal document through which parties formally confirm and validate a previous agreement or action, making it officially binding. In practice, this clause is used when an agreement was made informally, or when a party acted on behalf of another without prior authority, and the principal later wishes to approve those actions. By ratifying, the parties ensure that all terms and obligations are recognized as enforceable from the original date, resolving any uncertainty about the validity of prior acts or commitments.
Ratification Agreement. Agent shall have received a ---------------------- Ratification Agreement duly executed and delivered by Borrowers pursuant to which Borrowers reaffirm and ratify certain ancillary documents delivered in connection with the Existing Loan Agreement.
Ratification Agreement. Borrower, General Directory Advertising Services, Inc. and M.S.I. - Market Support International, Inc. shall execute and deliver to Agent a Reaffirmation, Ratification and Amendment Agreement in the form attached hereto as Exhibit 5.1(t).
Ratification Agreement. All references to the term “Ratification Agreement” in this Thirteenth Ratification Amendment and in any of the Financing Agreements shall be deemed and each such reference is hereby amended to mean the Ratification Agreement, as amended hereby, as the same now exists or may hereafter be amended, modified, supplemented, extended, renewed, restated or replaced.
Ratification Agreement. Newco shall have executed and delivered to Seller an agreement ratifying its obligations hereunder in form and substance reasonably satisfactory to Seller.
Ratification Agreement. Each party hereto agrees and acknowledges that effective as of the Delayed Funding Date, simultaneously with the issuance of the Additional Certificates:
(a) (i) the Pool Balance of the Class A Certificates shall be increased by $91,896,000 and (ii) the Pool Balance of the Class B Certificates shall be increased by $25,149,000;
(i) the Required Amount under the Class A Liquidity Facility shall be increased by $12,168,868.32 and (ii) the Required Amount under the Class B Liquidity Facility shall be increased by $4,224,654.77; and
(c) (i) the Deposits held by the Depositary in respect of the Class A Certificates under the Delayed Deposit Agreement for such Class shall be $68,969,100 and (ii) the Deposits held by the Depositary in respect of the Class B Certificates under the Delayed Deposit Agreement for such Class shall be $18,814,650.
Ratification Agreement. A letter agreement in form and substance satisfactory to Vanishing Point, by and among LightTouch and the Persons (the "PRINCIPAL STOCKHOLDERS") set forth in Section 8.11 of the LightTouch Disclosure Schedule, providing, among other things for the ratification of actions taken to date by the directors and stockholders of LightTouch, and for certain changes to be made to the Articles of Incorporation and By-Laws of LightTouch (the "RATIFICATION AGREEMENT"), shall have been executed and delivered to Vanishing Point and LightTouch.
Ratification Agreement. The Administrative Agent (or its counsel) shall have received from each party to the Ratification Agreement either (i) a counterpart of the Ratification Agreement, signed on behalf of such Person or (ii) written evidence satisfactory to the Administrative Agent (which may include telecopy or any other electronic transmission of a signed signature page of each such Loan Document to which such Person is a party) that such Person has signed a counterpart of each the Ratification Agreement.
Ratification Agreement. Each Third Party Owner shall execute an instrument, in form and content reasonably acceptable to Buyer, ratifying the terms and conditions of this Agreement, confirming ownership of the portion of the Assets owned by such Third Party Owner, and waiving any interest in or to any part of the Data Purchase Price.