Common use of Ratification of Security Interests Clause in Contracts

Ratification of Security Interests. The Company hereby agrees that the Stock Pledge Agreement is hereby expressly amended such that the definition of "Secured Obligations" contained therein includes, without limitation, all indebtedness and other obligations of Borrower now or hereafter existing hereunder the Agreement, as amended hereby, the Revolving Note and the other Loan Documents, as amended hereby. Furthermore, the Company hereby ratifies and reaffirms its obligations under the Stock Pledge Agreement, as the same is amended hereby, and represents and acknowledges that the Stock Pledge Agreement is not subject to any claims, counterclaims, defenses or offsets. The Company hereby also agrees that all references in the Stock Pledge Agreement to "First Interstate Bank of Texas, N.A." shall be deemed references "Xxxxx Fargo Bank Texas, National Association". Finally, the Company 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 debtor, pledgor, assignor, obligor and/or grantor under the Stock Pledge Agreement except as specifically provided this Section 5.03 and shall not constitute a waiver by the Bank of any of the Bank's rights against the Company.

Ratification of Security Interests. The Company hereby agrees that the Stock Pledge Agreement is hereby expressly amended such that the definition of "“Secured Obligations" ” contained therein includes, without limitation, all indebtedness and other obligations of Borrower now or hereafter existing hereunder the Agreement, as amended hereby, the Revolving Note and the other Loan Documents, as amended hereby. Furthermore, the Company hereby ratifies and reaffirms its obligations under the Stock Pledge Agreement, as the same is amended hereby, and represents and acknowledges that the Stock Pledge Agreement is not subject to any claims, counterclaims, defenses or offsets. The Company hereby also agrees that all references in the Stock Pledge Agreement to "First Interstate Bank of Texas, N.A." shall be deemed references "Xxxxx Fargo Bank Texas, National Association". Finally, the Company 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 debtor, pledgor, assignor, obligor and/or grantor under the Stock Pledge Agreement (except as specifically provided this Section 5.03 5.03) and shall not constitute a waiver by the Bank of any of the Bank's ’s rights against the Company.

Ratification of Security Interests. The Company hereby agrees that the Stock Pledge Agreement is hereby expressly amended such that the definition of "“Secured Obligations" ” contained therein includes, without limitation, all indebtedness and other obligations of Borrower now or hereafter existing hereunder the Agreement, as amended hereby, the Revolving Note and the other Loan Documents, as amended hereby. Furthermore, the Company hereby ratifies and reaffirms its obligations under the Stock Pledge Agreement, as the same is amended hereby, and represents and acknowledges that the Stock Pledge Agreement is not subject to any claims, counterclaims, defenses or offsets. The Company hereby also agrees that all references in the Stock Pledge Agreement to "“First Interstate Bank of Texas, N.A." ” shall be deemed references "to “Xxxxx Fargo Bank Texas, National Association". .” Finally, the Company 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 debtor, pledgor, assignor, obligor and/or grantor under the Stock Pledge Agreement (except as specifically provided this Section 5.03 5.03) and shall not constitute a waiver by the Bank of any of the Bank's ’s rights against the Company.

Ratification of Security Interests. The Company hereby agrees that the Stock Pledge Agreement is hereby expressly amended such that the definition of "“Secured Obligations" ” contained therein includes, without limitation, all indebtedness and other obligations of the Borrower now or hereafter existing hereunder the Agreement, as amended hereby, and all indebtedness evidenced by the Revolving Note and dated as of November 17, 2010, in the other Loan Documents, as amended herebymaximum original principal amount of $200,000,000 made by the Borrower payable to the order of the Bank. Furthermore, the Company hereby ratifies and reaffirms its grant of a security interest in all “Collateral”, as such term is defined in the Stock Pledge Agreement, as security for the payment and performance of all “Secured Obligations”, as such term is defined in the Stock Pledge Agreement, and all other obligations under the Stock Pledge Agreement, as the same is amended hereby, and represents and acknowledges that the Stock Pledge Agreement is not subject to any claims, counterclaims, defenses or offsets. The Company hereby also agrees offsets and that all references of its obligations thereunder are legal, valid and binding in the Stock Pledge Agreement to "First Interstate Bank of Texas, N.A." shall be deemed references "Xxxxx Fargo Bank Texas, National Association"accordance with their terms. Finally, the Company hereby represents and acknowledges that the execution and delivery of this Amendment Amendment, the Revolving Note and the other Loan Documents executed in connection herewith shall in no way change or modify its obligations as a debtor, pledgor, assignor, obligor and/or grantor under the Stock Pledge Agreement (except as specifically provided in this Section 5.03 4.03) and shall not constitute a waiver by the Bank of any of the Bank's ’s rights or remedies against the Company.

Ratification of Security Interests. The Company hereby agrees that the Stock Pledge Agreement is hereby expressly amended such that the definition of "“Secured Obligations" ” contained therein includes, without limitation, all indebtedness and other obligations of the Borrower now or hereafter existing hereunder the Agreement, as amended hereby, and all indebtedness evidenced by the Revolving Note and dated as of November 19, 2008, in the other Loan Documents, as amended herebymaximum original principal amount of $140,000,000 made by the Borrower payable to the order of the Bank. Furthermore, the Company hereby ratifies and reaffirms its grant of a security interest in all “Collateral”, as such term is defined in the Stock Pledge Agreement, as security for the payment and performance of all “Secured Obligations”, as such term is defined in the Stock Pledge Agreement, and all other obligations under the Stock Pledge Agreement, as the same is amended hereby, and represents and acknowledges that the Stock Pledge Agreement is not subject to any claims, counterclaims, defenses or offsets. The Company hereby also agrees offsets and that all references of its obligations thereunder are legal, valid and binding in the Stock Pledge Agreement to "First Interstate Bank of Texas, N.A." shall be deemed references "Xxxxx Fargo Bank Texas, National Association"accordance with their terms. Finally, the Company hereby represents and acknowledges that the execution and delivery of this Amendment Amendment, the Revolving Note and the other Loan Documents executed in connection herewith shall in no way change or modify its obligations as a debtor, pledgor, assignor, obligor and/or grantor under the Stock Pledge Agreement (except as specifically provided in this Section 5.03 4.03) and shall not constitute a waiver by the Bank of any of the Bank's ’s rights or remedies against the Company.

Ratification of Security Interests. The Company hereby agrees that the Stock Pledge Agreement is hereby expressly amended such that the definition of "Secured Obligations" contained therein includes, without limitation, all indebtedness and other obligations of Borrower now or hereafter existing hereunder the Agreement, as amended hereby, the Revolving Note and the other Loan Documents, as amended hereby. Furthermore, the Company hereby ratifies and reaffirms its obligations under the Stock Pledge Agreement, as the same is amended hereby, and represents and acknowledges that the Stock Pledge Agreement is not subject to any claims, counterclaims, defenses or offsets. The Company hereby also agrees that all references in the Stock Pledge Agreement to "First Interstate Bank of Texas, N.A." shall be deemed references to "Xxxxx Fargo Bank Texas, National Association". ." Finally, the Company 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 debtor, pledgor, assignor, obligor and/or grantor under the Stock Pledge Agreement (except as specifically provided this Section 5.03 5.03) and shall not constitute a waiver by the Bank of any of the Bank's rights against the Company.

Ratification of Security Interests. The Company hereby agrees that the Stock Pledge Agreement is hereby expressly amended such that the definition of "“Secured Obligations" ” contained therein includes, without limitation, all indebtedness and other obligations of the Borrower now or hereafter existing hereunder the Agreement, as amended hereby, and all indebtedness evidenced by the Revolving Note and dated as of November 18, 2009, in the other Loan Documents, as amended herebymaximum original principal amount of $200,000,000 made by the Borrower payable to the order of the Bank. Furthermore, the Company hereby ratifies and reaffirms its grant of a security interest in all “Collateral”, as such term is defined in the Stock Pledge Agreement, as security for the payment and performance of all “Secured Obligations”, as such term is defined in the Stock Pledge Agreement, and all other obligations under the Stock Pledge Agreement, as the same is amended hereby, and represents and acknowledges that the Stock Pledge Agreement is not subject to any claims, counterclaims, defenses or offsets. The Company hereby also agrees offsets and that all references of its obligations thereunder are legal, valid and binding in the Stock Pledge Agreement to "First Interstate Bank of Texas, N.A." shall be deemed references "Xxxxx Fargo Bank Texas, National Association"accordance with their terms. Finally, the Company hereby represents and acknowledges that the execution and delivery of this Amendment Amendment, the Revolving Note and the other Loan Documents executed in connection herewith shall in no way change or modify its obligations as a debtor, pledgor, assignor, obligor and/or grantor under the Stock Pledge Agreement (except as specifically provided in this Section 5.03 4.03) and shall not constitute a waiver by the Bank of any of the Bank's ’s rights or remedies against the Company.

Ratification of Security Interests. The Company hereby agrees that the Stock Pledge Agreement is hereby expressly amended such that the definition of "Secured Obligations" contained therein includes, without limitation, all indebtedness and other obligations of Borrower now or hereafter existing hereunder the this Agreement, as amended hereby, the Revolving Note Note, and the other Loan Documents, as amended hereby. Furthermore, the Company hereby ratifies and reaffirms its obligations under the Stock Pledge Agreement, as the same is amended hereby, and represents and acknowledges that the Stock Pledge Agreement is not subject to any claims, counterclaims, defenses or offsets. The Company hereby also agrees that all references in the Stock Pledge Agreement to "First Interstate Bank of Texas, N.A." shall be deemed references "Xxxxx Fargo Bank (Texas), National Association". Finally, the Company hereby represents and acknowledges that the execution and delivery of this Amendment Agreement and the other Loan Documents executed in connection herewith shall in no way change or modify its obligations as a debtor, pledgor, assignor, obligor and/or grantor under the Stock Pledge Agreement except as specifically provided in this Section 5.03 26 and shall not constitute a waiver by the Bank of any of the Bank's rights against the Company.