Common use of Reaffirmation by Surety Clause in Contracts

Reaffirmation by Surety. Surety, by its execution of this Amendment, ----------------------- hereby unconditionally consents to the terms and conditions of this Amendment and the transactions contemplated herein. Surety further reaffirms its obligations under its surety agreement in favor of Bank and acknowledges and agrees that it continues to be liable as surety for all of the liabilities, debts and obligations of Borrower to Bank under the Credit Agreement, as amended hereby. Surety further confirms and agrees that the execution and delivery of this Amendment does not in any way impair any obligations of Surety to Bank under its surety agreement and that the terms and conditions of such surety agreement remain unchanged and in full force and effect and that such surety agreement constitutes the valid, binding and enforceable obligation of Surety, in accordance with its terms, without any deduction, defense, setoff, claim or counterclaim, of any nature.

Appears in 4 contracts

Samples: Credit Agreement (RMH Teleservices Inc), Credit Agreement (RMH Teleservices Inc), Credit Agreement (RMH Teleservices Inc)

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Reaffirmation by Surety. Each Surety, by its execution of this Amendment, ----------------------- hereby unconditionally consents to the terms and conditions of this Amendment and the transactions contemplated herein. Each Surety further reaffirms its obligations under its surety agreement in favor of Bank and acknowledges and agrees that it continues to be liable as surety for all of the liabilities, debts and obligations of Borrower to Bank under the Credit AgreementDocuments, as amended hereby. Each Surety further confirms and agrees that the execution and delivery of this Amendment does not in any way impair any obligations of such Surety to Bank under its surety agreement and that the terms and conditions of such surety agreement remain unchanged and in full force and effect and that such surety agreement constitutes the valid, binding and enforceable obligation of Surety, in accordance with its terms, without any deduction, defense, setoff, claim or counterclaim, of any nature.

Appears in 2 contracts

Samples: Credit Agreement (RMH Teleservices Inc), Credit Agreement (RMH Teleservices Inc)

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Reaffirmation by Surety. Each Surety, by its execution of this ----------------------- Amendment, ----------------------- hereby unconditionally consents to the terms and conditions of this Amendment and the transactions contemplated herein. Each Surety further reaffirms its obligations under its surety agreement in favor of Bank and acknowledges and agrees that it continues to be liable as surety for all of the liabilities, debts and obligations of Borrower to Bank under the Credit AgreementDocuments, as amended hereby. Each Surety further confirms and agrees that the execution and delivery of this Amendment does not in any way impair any obligations of such Surety to Bank under its surety agreement and that the terms and conditions of such surety agreement remain unchanged and in full force and effect and that such surety agreement constitutes the valid, binding and enforceable obligation of Surety, in accordance with its terms, without any deduction, defense, setoff, claim or counterclaim, of any nature.

Appears in 2 contracts

Samples: Credit Agreement (RMH Teleservices Inc), Credit Agreement (RMH Teleservices Inc)

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