Common use of Ratification and No Novation Clause in Contracts

Ratification and No Novation. The Borrower hereby ratify and confirm all of their obligations, liabilities and indebtedness under the provisions of the Note, the Credit Agreement, and the other Financing Documents, as the same may be amended and modified by this Amendment. The Lender and the Borrower agree that it is their intention that nothing herein shall be construed to extinguish, release or discharge or constitute, create or effect a novation of, or an agreement to extinguish, (a) any of the obligations, indebtedness and liabilities of the Borrower or any other party under the provisions of the Financing Documents, or (b) any negative pledge to the Lender. The Borrower agree that all of the provisions of the Note, the Credit Agreement, and the other Financing Documents shall remain and continue in full force and effect as the same may be modified and amended by this Amendment. In the event of any conflict between the provisions of this Amendment and the provisions of the Financing Documents, the provisions of this Amendment shall control.

Appears in 2 contracts

Samples: Credit and Security Agreement (International Assets Holding Corp), Credit and Security Agreement (International Assets Holding Corp)

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Ratification and No Novation. The Borrower Obligors hereby ratify and confirm all of their respective obligations, liabilities and indebtedness under the provisions of the Note, the Credit Agreement, the Guaranty, the Deed of Trust, and the other Financing Loan Documents, as the same may be amended and modified by this AmendmentAgreement. The Lender Lenders, the Agents and the Borrower Obligors agree that it is their intention that nothing herein shall be construed to extinguish, release or discharge or constitute, create or effect a novation of, or an agreement to extinguish, (a) any of the obligations, indebtedness indebt­edness and liabilities of the Borrower Obligors or any other party under the provisions of the Financing Loan Documents, or (b) any negative pledge to the Lender. The Borrower Obligors agree that all of the provisions of the Note, the Credit Agreement, the Guaranty, the Deed of Trust, and the other Financing Loan Documents shall remain and continue in full force and effect as the same may be modified and amended by this AmendmentAgreement. In the event of any conflict con­flict between the provisions of this Amendment Agreement and the provisions of the Financing Loan Documents, the provisions of this Amendment Agreement shall control.

Appears in 1 contract

Samples: Ratification and Modification Agreement (Tessco Technologies Inc)

Ratification and No Novation. The Borrower Borrowers hereby ratify and confirm all of their obligations, liabilities and indebtedness under the provisions of the NoteNotes, the Credit Agreement, and the other Financing Documents, as the same may be amended and modified by this AmendmentAmendment and Agreement. The Lender and the Borrower Borrowers agree that it is their intention that nothing herein shall be construed to extinguish, release or discharge or constitute, create or effect a novation of, or an agreement to extinguish, (a) any of the obligations, indebtedness and liabilities of the Borrower Borrowers or any other party under the provisions of the Financing Documents, or (b) any negative pledge to the Lender. The Borrower Borrowers agree that all of the provisions of the NoteNotes, the Credit Agreement, and the other Financing Documents shall remain and continue in full force and effect as the same may be modified and amended by this AmendmentAmendment and Agreement. In the event of any conflict between the provisions of this Amendment and Agreement and the provisions of the Financing Documents, the provisions of this Amendment and Agreement shall control.

Appears in 1 contract

Samples: Credit and Security Agreement (Keyw Holding Corp)

Ratification and No Novation. The Borrower hereby ratify ratifies and confirm confirms all of their its obligations, liabilities and indebtedness under the provisions of the Note, the Credit Agreement, and the other Financing Documents, as the same may be amended and modified by this Amendment. The Lender and the Borrower agree that it is their intention that nothing herein shall be construed to extinguish, release or discharge or constitute, create or effect a novation of, or an agreement to extinguish, (a) any of the obligations, indebtedness and liabilities of the Borrower or any other party under the provisions of the Financing Documents, or (b) any negative pledge to the Lender. The Borrower agree that all of the provisions of the Note, the Credit Agreement, and the other Financing Documents shall remain and continue in full force and effect as the same may be modified and amended by this Amendment. In the event of any conflict between the provisions of this Amendment and the provisions of the Financing Documents, the provisions of this Amendment shall control.

Appears in 1 contract

Samples: Credit and Security Agreement (International Assets Holding Corp)

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Ratification and No Novation. The Borrower Borrowers hereby ratify and confirm all of their obligations, liabilities and indebtedness under the provisions of the Note, the Credit Agreement, and the other Financing Documents, as the same may be amended and modified by this Amendment. The Lender and the Borrower Borrowers agree that it is their intention that nothing herein shall be construed to extinguish, release or discharge or constitute, create or effect a novation of, or an agreement to extinguish, (a) any of the obligations, indebtedness and liabilities of the Borrower Borrowers or any other party under the provisions of the Financing Documents, or (b) any negative pledge to the Lender. The Borrower Borrowers agree that all of the provisions of the Note, the Credit Agreement, and the other Financing Documents shall remain and continue in full force and effect as the same may be modified and amended by this Amendment. In the event of any conflict between the provisions of this Amendment and the provisions of the Financing Documents, the provisions of this Amendment shall control.

Appears in 1 contract

Samples: Credit Agreement (International Assets Holding Corp)

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