Ratification of Guaranty. Each of Holdings, SDI, PFSweb and PFS hereby ratify and confirm their respective guaranties in favor of IBM GF and agree that such guaranties remain in full force and effect and that the term “Liabilities”, as used therein include, without limitation the indebtedness liabilities and obligations of SDSA under the Agreement as amended hereby. SDI hereby ratifies and confirms its Notes Payable Subordination Agreement executed by SDI on March 29, 2002 and confirms such Notes Payable Subordination Agreement remains in full force and effect.
Appears in 4 contracts
Samples: Amended and Restated Platinum Plan Agreement (With Invoice Discounting) (Pfsweb Inc), Platinum Plan Agreement (With Invoice Discounting) (Pfsweb Inc), Platinum Plan Agreement (With Invoice Discounting) (Pfsweb Inc)
Ratification of Guaranty. Each of Holdings, SDI, PFSweb and PFS hereby ratify and confirm their respective guaranties in favor of IBM GF and agree that such guaranties remain in full force and effect and that the term “Liabilities”, as used therein include, without limitation the indebtedness liabilities and obligations of SDSA and BSDE under the Agreement as amended hereby. SDI hereby ratifies and confirms its Notes Payable Subordination Agreement executed by SDI on March 29, 2002 and confirms such Notes Payable Subordination Agreement remains in full force and effect.
Appears in 3 contracts
Samples: Platinum Plan Agreement (With Invoice Discounting) (Pfsweb Inc), Platinum Plan Agreement (With Invoice Discounting) (Pfsweb Inc), Platinum Plan Agreement (With Invoice Discounting) (Pfsweb Inc)
