Common use of Ratification and Incorporation of Credit Agreement Clause in Contracts

Ratification and Incorporation of Credit Agreement. and Other Loan ----------------------------------------------------------------- Documents. Except as expressly modified under this Eighth Amendment, (a) --------- Borrower hereby acknowledges, confirms, and ratifies all of the terms and conditions set forth in, and all of its obligations under, the Credit Agreement and the other Loan Documents, and (b) all of the terms and conditions set forth in the Credit Agreement and the other Loan Documents are incorporated herein by this reference as if set forth in full herein. Without limiting the generality of the foregoing, each of Borrower and each other Loan Party acknowledges and agrees that as of August 3, 1999, the sum of (i) the aggregate outstanding principal amount of all Loans, plus (ii) the aggregate outstanding ---- Letter of Credit Usage was $29,750,000. Each of Borrower and each other Loan Party represents that it has no offset, defense, counterclaim, dispute or disagreement of any kind or nature whatsoever with respect to the amount of such Debt.

Appears in 2 contracts

Samples: Credit Agreement (P Com Inc), Credit Agreement (P Com Inc)

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Ratification and Incorporation of Credit Agreement. and Other Loan ----------------------------------------------------------------- Documents. Except as expressly modified under this Eighth Seventh Amendment, (a) --------- Borrower hereby acknowledges, confirms, and ratifies all of the terms and conditions set forth in, and all of its obligations under, the Credit Agreement and the other Loan Documents, and (b) all of the terms and conditions set forth in the Credit Agreement and the other Loan Documents are incorporated herein by this reference as if set forth in full herein. Without limiting the generality of the foregoing, each of Borrower and each other Loan Party acknowledges and agrees that as of August 3June 29, 1999, the sum of (i) the aggregate outstanding principal amount of all Loans, plus (ii) the aggregate outstanding ---- Letter of ---- Credit Usage was $29,750,00049,750,000.00. Each of Borrower and each other Loan Party represents that it has no offset, defense, counterclaim, dispute or disagreement of any kind or nature whatsoever with respect to the amount of such Debt.

Appears in 1 contract

Samples: Credit Agreement (P Com Inc)

Ratification and Incorporation of Credit Agreement. and Other Loan ----------------------------------------------------------------- Documents. Except as expressly modified under this Eighth Ninth Amendment, (a) --------- Borrower hereby acknowledges, confirms, and ratifies all of the terms and conditions set forth in, and all of its obligations under, the Credit Agreement and the other Loan Documents, and (b) all of the terms and conditions set forth in the Credit Agreement and the other Loan Documents are incorporated herein by this reference as if set forth in full herein. Without limiting the generality of the foregoing, each of Borrower and each other Loan Party acknowledges and agrees that as of August 3November 12, 1999, the sum of (i) the aggregate outstanding principal amount of all Loans, plus (ii) the aggregate outstanding ---- Letter of ---- Credit Usage was $29,750,00029,981,880.43. Each of Borrower and each other Loan Party represents that it has no offset, defense, counterclaim, dispute or disagreement of any kind or nature whatsoever with respect to the amount of such Debt.

Appears in 1 contract

Samples: Credit Agreement (P Com Inc)

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Ratification and Incorporation of Credit Agreement. and Other Loan ----------------------------------------------------------------- Documents. Except as expressly modified under this Eighth Sixth Amendment, (a) --------- Borrower hereby acknowledges, confirms, and ratifies all of the terms and conditions set forth in, and all of its obligations under, the Credit Agreement and the other Loan Documents, and (b) all of the terms and conditions set forth in the Credit Agreement and the other Loan Documents are incorporated herein by this reference as if set forth in full herein. Without limiting the generality of the foregoing, each of Borrower and each other Loan Party acknowledges and agrees that as of August 3March 31, 1999, the sum of (i) the aggregate outstanding principal amount of all Loans, plus (ii) the aggregate outstanding ---- Letter of ---- Credit Usage was $29,750,00049,750,000.00. Each of Borrower and each other Loan Party represents that it has no offset, defense, counterclaim, dispute or disagreement of any kind or nature whatsoever with respect to the amount of such Debt.

Appears in 1 contract

Samples: Credit Agreement (P Com Inc)

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