Common use of Ratification of Guaranties Clause in Contracts

Ratification of Guaranties. Each Guarantor hereby ratifies and confirms its liability under the Guaranty heretofore executed by it, and, except as stated to the contrary in this paragraph, confirms and agrees that such Guaranty continues in full force and effect with respect to all of the Indebtedness covered by the Loan Agreement, as the same may be restated, amended, modified, renewed, or rearranged from time to time, including, but not limited to, the Indebtedness evidenced by the Note, the Term Note and the Mezzanine Note; provided, however, that the Guaranty of Sabacol relates only to the Indebtedness evidenced by the Term Note and the Mezzanine Note, and the Guaranty of Xxxxx Xxxxxxxxx relates only to the Indebtedness evidenced by the Mezzanine Note and the Term Note. This ratification is given for the purpose of inducing Bank One to enter into this Amendment and each Guarantor is aware that, but for such ratification and agreement contained herein, Bank One would not enter into this Amendment.

Ratification of Guaranties. Each Guarantor hereby ratifies and confirms its liability under the Guaranty heretofore executed by it, and, except as stated to the contrary in this paragraph, confirms and agrees that such Guaranty continues in full force and effect with respect to all of the Indebtedness covered by the Loan Agreement, as the same may be restated, amended, modified, renewed, or rearranged from time to time, including, but not limited to, the Indebtedness evidenced by the Note, the Term Note and the Mezzanine Note; provided, however, that the Guaranty of Sabacol relates only to the Indebtedness evidenced by the Term Note and the Mezzanine Note, and the Guaranty of Xxxxx Xxxxxxxxx relates only to the Indebtedness evidenced by the Mezzanine Term Note and the Term Mezzanine Note. This ratification is given for the purpose of inducing the Bank One to enter into this Amendment amendment, and each Guarantor is aware that, but for such ratification and agreement contained herein, the Bank One would not enter into this Amendmentgrant the waivers and amendments set forth herein.

Ratification of Guaranties. Each Guarantor hereby ratifies and confirms its liability under the Guaranty heretofore executed by it, and, except as stated to the contrary in this paragraph, confirms and agrees that such Guaranty continues in full force and effect with respect to all of the Indebtedness covered by the Loan Agreement, as the same may be restated, amended, modified, renewed, or rearranged from time to time, including, but not limited to, the Indebtedness evidenced by the Note, the Term Note and the Mezzanine Note; provided, however, that the Guaranty of Sabacol relates only to the Indebtedness evidenced by the Term Note and the Mezzanine Note, and the Guaranty of Xxxxx Xxxxxxxxx relates only to the Indebtedness evidenced by the Mezzanine Note and the Term Note. This ratification is given for the purpose of inducing the Bank One to enter into this Amendment make the advances evidenced by the Mezzanine Note, and each Guarantor is aware that, but for such ratification and agreement contained herein, the Bank One would not enter into this Amendmentextend such additional credit to the Borrower.