Common use of Ratification of Guaranty Clause in Contracts

Ratification of Guaranty. Each of the other Credit Parties signatory hereto hereby ratifies and confirms its guaranty to Agent and Lenders (the "Guaranty"). Each Credit Party hereby represents and acknowledges that it has no claims, counterclaims, offsets, credits or defenses to the Loan Documents or the performance of its obligations thereunder. Furthermore, each Credit Party agrees that nothing contained in this Amendment shall adversely affect any right or remedy of Agent or Lenders under the Guaranty. Each Credit Party agrees that all references in such Guaranty to the "Obligations" shall include, without limitation, all of the obligations of Borrowers to Agent and Lenders under the Credit Agreement, as amended hereby. Finally, each Credit Party hereby represents and acknowledges that the execution and delivery of this Amendment and the other Loan Documents executed in connection herewith shall in no way change or modify its obligations as a guarantor, debtor, pledgor, assignor, obligor and/or grantor under the Guaranty and shall not constitute a waiver by Agent or Lenders of any of their rights against the other Credit Parties signatory thereto.

Appears in 6 contracts

Samples: Credit Agreement (Astec Industries Inc), Credit Agreement (Astec Industries Inc), Credit Agreement (Astec Industries Inc)

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Ratification of Guaranty. Each of the other Credit Parties signatory hereto Guarantor hereby ratifies and confirms its guaranty to Agent and Lenders (the "Guaranty"). Each Credit Party Guarantor hereby represents and acknowledges that it has no claims, counterclaims, offsets, credits or defenses to the Loan Documents or the performance of its obligations thereunder. Furthermore, each Credit Party Guarantor agrees that nothing contained in this Amendment shall adversely affect any right or remedy of Agent or Lenders under the Guaranty. Each Credit Party Guarantor agrees that all references in such Guaranty to the "“Guaranteed Obligations" shall include, without limitation, all of the obligations of Borrowers to Agent and Lenders under the Credit Agreement, as amended hereby. Finally, each Credit Party Guarantor hereby represents and acknowledges that the execution and delivery of this Amendment and the other Loan Documents executed in connection herewith shall in no way change or modify its obligations as a guarantor, debtor, pledgor, assignor, obligor and/or grantor under the Guaranty and shall not constitute a waiver by Agent or Lenders of any of their rights against the other Credit Parties signatory theretosuch Guarantor.

Appears in 4 contracts

Samples: Credit Agreement (Newpark Resources Inc), Credit Agreement (Newpark Resources Inc), Credit Agreement (Newpark Resources Inc)

Ratification of Guaranty. Each of the other Credit Parties Guarantors signatory hereto hereby ratifies and confirms its guaranty to Agent and Lenders Lender (the "Guaranty"). Each Credit Party Guarantor hereby represents and acknowledges that it has no claims, counterclaims, offsets, credits or defenses to the Loan Documents or the performance of its obligations thereunder. Furthermore, each Credit Party Guarantor agrees that nothing contained in this Amendment shall adversely affect any right or remedy of Agent or Lenders Lender under the GuarantyGuarantees. Each Credit Party Guarantor agrees that all references in such Guaranty Guarantees to the "Obligations" shall include, without limitation, all of the obligations of Borrowers Borrower to Agent and Lenders Lender under the Credit Agreement, as amended hereby. Finally, each Credit Party Guarantor hereby represents and acknowledges that the execution and delivery of this Amendment and the other Loan Documents executed in connection herewith shall in no way change or modify its obligations as a guarantor, debtor, pledgor, assignor, obligor and/or grantor under the Guaranty Guarantees and shall not constitute a waiver by Agent or Lenders Lender of any of their its rights against the other Credit Parties Guarantors signatory thereto.

Appears in 3 contracts

Samples: Credit Agreement (Astec Industries Inc), Credit Agreement (Astec Industries Inc), Credit Agreement (Astec Industries Inc)

Ratification of Guaranty. Each of the The other Credit Parties signatory hereto hereby ratifies and confirms its guaranty to Agent and Lenders (the "Guaranty"). Each Credit Party hereby represents and acknowledges that it has no claims, counterclaims, offsets, credits or defenses to the Loan Documents or the performance of its obligations thereunder. Furthermore, each Credit Party agrees that nothing contained in this Amendment shall adversely affect any right or remedy of Agent or Lenders under the Guaranty. Each Credit Party agrees that all references in such Guaranty to the "Obligations" shall include, without limitation, all of the obligations of Borrowers to Agent and Lenders under the Credit Agreement, as amended hereby. Finally, each Credit Party hereby represents and acknowledges that the execution and delivery of this Amendment and the other Loan Documents executed in connection herewith shall in no way change or modify its obligations as a guarantor, debtor, pledgor, assignor, obligor and/or grantor under the Guaranty and shall not constitute a waiver by Agent or Lenders of any of the their rights against the other Credit Parties signatory thereto.

Appears in 2 contracts

Samples: Credit Agreement (Astec Industries Inc), Credit Agreement (Astec Industries Inc)

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Ratification of Guaranty. Each of the other Credit Parties signatory hereto Guarantor hereby ratifies and confirms its guaranty to Agent and Lenders (the "Guaranty"). Each Credit Party Guarantor hereby represents and acknowledges that it has no claims, counterclaims, offsets, credits or defenses to the Loan Documents or the performance of its obligations thereunder. Furthermore, each Credit Party Guarantor agrees that nothing contained in this Amendment shall adversely affect any right or remedy of Agent or Lenders under the Guaranty. Each Credit Party Guarantor agrees that all references in such Guaranty to the "Guaranteed Obligations" shall include, without limitation, all of the obligations of Borrowers to Agent and Lenders under the Credit Agreement, as amended hereby. Finally, each Credit Party Guarantor hereby represents and acknowledges that the execution and delivery of this Amendment and the other Loan Documents executed in connection herewith shall in no way change or modify its obligations as a guarantor, debtor, pledgor, assignor, obligor and/or grantor under the Guaranty and shall not constitute a waiver by Agent or Lenders of any of their rights against the other Credit Parties signatory theretosuch Guarantor.

Appears in 2 contracts

Samples: Credit Agreement (Action Performance Companies Inc), Credit Agreement (Newpark Resources Inc)

Ratification of Guaranty. Each of the other Credit Parties signatory hereto Guarantor hereby ratifies and confirms its guaranty to Agent and Lenders Lender (the "Guaranty"). Each Credit Party Guarantor hereby represents and acknowledges that it has no claims, counterclaims, offsets, credits or defenses to the Loan Documents or the performance of its obligations thereunder. Furthermore, each Credit Party Guarantor agrees that nothing contained in this Amendment shall adversely affect any right or remedy of Agent or Lenders Lender under the Guaranty. Each Credit Party Guarantor agrees that all references in such Guaranty to the "Guaranteed Obligations" shall include, without limitation, all of the obligations of Borrowers to Agent and Lenders Lender under the Credit Loan Agreement, as amended hereby. Finally, each Credit Party Guarantor hereby represents and acknowledges that the execution and delivery of this Amendment and the other Loan Documents executed in connection herewith shall in no way change or modify its obligations as a guarantor, debtor, pledgor, assignor, obligor and/or grantor under the Guaranty and shall not constitute a waiver by Agent or Lenders Lender of any of their rights against the other Credit Parties signatory theretosuch Guarantor.

Appears in 1 contract

Samples: Loan Agreement (Newpark Resources Inc)

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