Common use of REAFFIRMATION AND CONSENT Clause in Contracts

REAFFIRMATION AND CONSENT. (a) Each Loan Party hereby consents to the execution, delivery and performance of this Amendment and agrees that each reference to the Credit Agreement in the Loan Documents shall, on and after the First Amendment Effective Date, be deemed to be a reference to the Amended Credit Agreement. (b) Each Guarantor party hereto hereby consents to the terms and conditions of this Amendment and the Amended Credit Agreement, including the Additional Commitments and the incurrence by the Borrowers of any Loans thereunder. (c) Each Borrower and each Guarantor hereby acknowledges and agrees that (i) all of its respective obligations and liabilities under the Credit Agreement are reaffirmed, and remain in full force and effect, and (ii) after giving effect to this Amendment, all of its respective obligations and liabilities under the Loan Documents to which it is a party, as such obligations and liabilities have been amended by this Amendment, are reaffirmed, and remain in full force and effect. (d) Each Loan Party hereby irrevocably and unconditionally ratifies and reaffirms each Lien granted by it to the Administrative Agent for the benefit of the Secured Parties under each of the Loan Documents to which it is a party, which Liens shall continue in full force and effect during the term of the Amended Credit Agreement, and shall continue to secure the Obligations (including, without limitation, any additional Obligations resulting from or incurred pursuant to this Amendment or the Amended Credit Agreement), in each case, on and subject to the terms and conditions set forth in the Amended Credit Agreement and the other Loan Documents. (e) Nothing in this Section 6 shall create or otherwise give rise to any right to consent on the part of the Guarantors to the extent not required by the express terms of the Loan Documents.

Appears in 1 contract

Samples: Asset Based Revolving Credit Agreement (Warrior Met Coal, LLC)

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REAFFIRMATION AND CONSENT. (a) Each Loan Party hereby consents to the execution, delivery and performance of this Amendment and agrees that each reference to the Credit Agreement or to the Security Agreement in the Loan Documents shall, on and after the First Third Amendment Effective Date, be deemed to be a reference to the Amended Credit Agreement or the Amended Security Agreement, respectively. (b) Each Guarantor party hereto hereby consents to the terms and conditions of this Amendment Amendment, the Amended Credit Agreement and the Amended Credit Security Agreement, including the Additional Commitments and the incurrence by the Borrowers of any Loans thereunder. (c) Each Borrower and each Guarantor hereby acknowledges and agrees that (i) all of its respective obligations and liabilities under the Credit Agreement and the Security Agreement, as applicable, are reaffirmed, and remain in full force and effect, and (ii) after giving effect to this Amendment, all of its respective obligations and liabilities under the Loan Documents to which it is a party, as such obligations and liabilities have been amended by this Amendment, are reaffirmed, and remain in full force and effect. (d) Each Loan Party hereby irrevocably and unconditionally ratifies and reaffirms each Lien granted by it to the Administrative Agent for the benefit of the Secured Parties under each of the Loan Documents to which it is a party, which Liens shall continue in full force and effect during the term of the Amended Credit Agreement, and shall continue to secure the Obligations (including, without limitation, any additional Obligations resulting from or incurred pursuant to this Amendment or the Amended Credit Agreement)Obligations, in each case, on and subject to the terms and conditions set forth in the Amended Credit Agreement, the Amended Security Agreement and the other Loan Documents. (e) Nothing in this Section 6 4 shall create or otherwise give rise to any right to consent on the part of the Guarantors to the extent not required by the express terms of the Loan Documents.

Appears in 1 contract

Samples: Asset Based Revolving Credit Agreement (Warrior Met Coal, Inc.)

REAFFIRMATION AND CONSENT. (a) Each Loan Party hereby consents to the execution, delivery and performance of this Amendment and agrees that each reference to the Credit Agreement in the Loan Documents shall, on and after the First Third Amendment Effective Date, be deemed to be a reference to the Amended Credit Agreement. (b) Each Guarantor party hereto hereby consents to the terms and conditions of this Amendment and the Amended Credit Agreement, including the Additional Commitments and the incurrence by the Borrowers of any Loans thereunder. (c) Each Borrower and each Guarantor hereby acknowledges and agrees that (i) all of its respective obligations and liabilities under the Credit Agreement are reaffirmed, and remain in full force and effect, and (ii) after giving effect to this Amendment, all of its respective obligations and liabilities under the Loan Documents to which it is a party, as such obligations and liabilities have been amended by this Amendment, are reaffirmed, and remain in full force and effect. (d) Each Loan Party hereby irrevocably and unconditionally ratifies and reaffirms each Lien granted by it to the Administrative Agent for the benefit of the Secured Parties under each of the Loan Documents to which it is a party, which Liens shall continue in full force and effect during the term of the Amended Credit Agreement, and shall continue to secure the Obligations (including, without limitation, any additional Obligations resulting from or incurred pursuant to this Amendment or the Amended Credit Agreement)Obligations, in each case, on and subject to the terms and conditions set forth in the Amended Credit Agreement and the other Loan Documents. (e) Nothing in this Section 6 4 shall create or otherwise give rise to any right to consent on the part of the Guarantors to the extent not required by the express terms of the Loan Documents.

Appears in 1 contract

Samples: Asset Based Revolving Credit Agreement (Warrior Met Coal, Inc.)

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REAFFIRMATION AND CONSENT. (a) Each Loan Party hereby consents to the execution, delivery and performance of this Amendment and agrees that each reference to the Credit Agreement in the Loan Documents shall, on and after the First Second Amendment Effective Date, be deemed to be a reference to the Amended Credit Agreement. (b) Each Guarantor party hereto hereby consents to the terms and conditions of this Amendment and the Amended Credit Agreement, including the Additional Commitments and the incurrence by the Borrowers of any Loans thereunder. (c) Each Borrower and each Guarantor hereby acknowledges and agrees that (i) all of its respective obligations and liabilities under the Credit Agreement are reaffirmed, and remain in full force and effect, and (ii) after giving effect to this Amendment, all of its respective obligations and liabilities under the Loan Documents to which it is a party, as such obligations and liabilities have been amended by this Amendment, are reaffirmed, and remain in full force and effect. (d) Each Loan Party hereby irrevocably and unconditionally ratifies and reaffirms each Lien granted by it to the Administrative Agent for the benefit of the Secured Parties under each of the Loan Documents to which it is a party, which Liens shall continue in full force and effect during the term of the Amended Credit Agreement, and shall continue to secure the Obligations (including, without limitation, any additional Obligations resulting from or incurred pursuant to this Amendment or the Amended Credit Agreement)Obligations, in each case, on and subject to the terms and conditions set forth in the Amended Credit Agreement and the other Loan Documents. (e) Nothing in this Section 6 4 shall create or otherwise give rise to any right to consent on the part of the Guarantors to the extent not required by the express terms of the Loan Documents.

Appears in 1 contract

Samples: Asset Based Revolving Credit Agreement (Warrior Met Coal, LLC)

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