Common use of Reaffirmation and Ratification Clause in Contracts

Reaffirmation and Ratification. The Borrower and the Parent Guarantor hereby reaffirm, ratify and confirm their respective Obligations under the Financing Agreement and the other Loan Documents, acknowledge that all of the terms and conditions in the Financing Agreement remain in full force and effect, and further acknowledge that the security interests granted to Agent in the Collateral are valid and perfected.

Reaffirmation and Ratification. The Borrower and the Parent Guarantor hereby reaffirm, ratify and confirm their respective Obligations under the Forbearance Agreement, the Financing Agreement and the other Loan Documents, acknowledge that all of the terms and conditions in of the Forbearance Agreement, the Financing Agreement and such other Loan Documents remain in full force and effect, and further acknowledge that the security interests granted to Agent in the Collateral are valid and perfected.