Reaffirmation Agreements Clause Samples

Reaffirmation Agreements. (A) The Reaffirmation Agreement and (B) the Reaffirmation of Foreign Pledge Agreement, each in form and substance reasonably satisfactory to the Administrative Agent.

Reaffirmation Agreements. In connection herewith, the Company and the Negative Pledgors thereunder are executing and delivering a reaffirmation of the Loan Documents to which they are a party and an amendment of the Amended and Restated General Security Agreement dated as of March 18, 2011, as previously amended, in favor of Administrative Agent (the “Reaffirmation”) and the Guarantors are executing and delivering a reaffirmation of the Loan Documents to which they are a party and amendment of the Amendment and Restated General Security Agreement dated as of March 18, 2011, as previously amended and supplemented in favor of Administrative Agent (the “Guarantor Reaffirmation”). Without limiting the foregoing, by their signatures hereto, each Guarantor hereby reaffirms, ratifies and confirms the execution and delivery and all of the terms and provisions of, as applicable, the Loan Documents to which it is a party, and agrees that such Loan Documents remain in full force and effect, are the legal, valid and binding obligations of such Guarantor and that any guaranty contained therein extends to, and guaranties any and all Indebtedness under the Agreement, as modified from time to time, including as modified hereby and that “Loan Agreement” as used therein means the Agreement, as modified hereby and as the same may hereafter be amended, supplemented, extended, renewed, restated, replaced or otherwise modified from time to time.

Reaffirmation Agreements. The Agent shall have received: (i) a Reaffirmation Agreement in substantially the form of ▇▇▇▇▇ ▇▇-A hereto (the “U.S. Reaffirmation Agreement”), duly executed by each Person listed on Schedule II hereto (collectively, the “U.S. Entities”); and (ii) a Reaffirmation Agreement in substantially the form of Annex II-B hereto, or in such other form as may be required under laws applicable to any Foreign Subsidiary that is a Loan Party (the “Foreign Reaffirmation Agreement”), duly executed by each Person listed on Schedule III hereto (collectively, the “Non-U.S. Entities”).

Reaffirmation Agreements. Borrower, with respect to each of the Loan Documents to which it is a party, hereby: (a) ratifies and confirms in favor of Lender all of Borrower’s respective “Obligations,” “Secured Obligations,” or other applicable indebtedness, liabilities and obligations under each Loan Document, and acknowledges and agrees that such “Obligations,” “Secured Obligations,” or other applicable indebtedness, liabilities and obligations remain in full force and effect; and (b) without limitation of Section 6(a) above, ratifies, reaffirms and reapproves in favor of Lender the terms and provisions of each of the Loan Documents to which Borrower is a party, including (without limitation) Borrower’s respective pledges and other grants of liens and security interests pursuant to each such Loan Document, which shall continue to secure all “Secured Obligations” under (and as defined in) each such Loan Document, including (without limitation) all additional “Secured Obligations” arising as a result of the Commitment increase contemplated by this Agreement.

Reaffirmation Agreements. Should you have a secured debt that requires a Reaffirmation Agreement be executed (i.e. a car loan for a car that you want to keep.) than you can personally appear in front of the Judge and explain to the Judge why you should be able to retain the vehicle and reaffirm the debt; or you can have the attorney certify the Reaffirmation of the Debt. If the Attorney handles the Reaffirmation Agreement there will be a charge of $75.00, but you will, generally, not need to appear in court.

Reaffirmation Agreements. The Agent shall have received one or more reaffirmation agreements from the Obligors, in form and substance satisfactory to the Agent, pursuant to which the Obligors reaffirm the Obligations and the Loan Documents.

Reaffirmation Agreements. Effective as of the Third Amendment Effective Date, the Lenders authorize the Administrative Agent and the Canadian Administrative Agent to enter into amendments, restatements and reaffirmations of certain of the other Basic Documents in form and substance satisfactory to the Administrative Agent and the Canadian Administrative Agent in order to (a) confirm the obligations of the respective Obligors thereunder and (b) (i) exclude from the swap obligations guaranteed or secured under the Basic Documents any swap obligation (A) that is or becomes illegal under the Commodity Exchange Act (7 U.S.C. § 1 et seq.), as amended from time to time and any successor statute (the “Commodity Exchange Act”), or any other regulation or order of the Commodity Futures Trading Commission by virtue of a guarantor failing to constitute an “eligible contract participant” as defined in the Commodity Exchange Act (“ECP”) or (B) that is designated as an excluded swap obligation in any agreement between the relevant Obligors and any counterparty ((A) and (B) collectively, the “Excluded Swap Obligations”), (ii) clarify that the proceeds of guaranties and collateral and the amounts set off with respect to any guarantor shall not be applied to any Excluded Swap Obligations of such guarantor, (iii) provide keepwell arrangements under section 1a(18)(a)(v)(II) of the Commodity Exchange Act pursuant to which ECP Obligors can effectively confer the eligible status to other Obligors that may not otherwise qualify as ECPs and (c) make certain other modifications to the Basic Documents in conformity with the amendments to the Existing Credit Agreement as described herein.