Reaffirmation of ACG Party Obligations. Each ACG Party hereby ratifies the Amended Credit Agreement and the Amended Servicing Agreement and acknowledges and reaffirms (i) that it is bound by all terms of the Amended Credit Agreement and the Amended Servicing Agreement and (ii) that it is responsible for the observance and full performance of the Obligations, including without limitation the repayment of the Loans, in accordance with the terms of the Amended Credit Agreement. Each ACG Party further represents and warrants to the Administrative Agent and the Lenders that none of the ACG Parties has any claims, counterclaims, offsets, credits or defenses to the Loan Documents or the performance of their respective obligations thereunder, or if any ACG Party has any such claims, counterclaims, offsets, creditors or defenses to the Loan Documents or any transaction related to the Loan Documents, the same are hereby fully and irrevocably waived, relinquished and released in consideration of the execution and delivery of this Amendment by the Administrative Agent and the Lenders.
Appears in 2 contracts
Samples: Amendment and Temporary Waiver Agreement (American Color Graphics Inc), Consent Agreement (American Color Graphics Inc)
Reaffirmation of ACG Party Obligations. Each ACG Party hereby ratifies each of the Amended Credit Agreement and the Amended Servicing Agreement Loan Documents (as amended pursuant to this Amendment) to which it is a party and acknowledges and reaffirms (i) that it is bound by all terms of the Amended Credit Agreement Loan Documents to which it is a party. The Purchaser acknowledges and the Amended Servicing Agreement and (ii) reaffirms that it is responsible for the observance and full performance of the Obligations, including without limitation the repayment of the Loans, in accordance with the terms of the Amended Credit Agreement. Each ACG Party further represents and warrants to the Administrative Agent and the Lenders that none of the ACG Parties has any claims, counterclaims, offsets, credits or defenses to the Loan Documents or the performance of their respective obligations thereunder, or if any ACG Party has any such claims, counterclaims, offsets, creditors or defenses to the Loan Documents or any transaction related to the Loan Documents, the same are hereby fully and irrevocably waived, relinquished and released in consideration of the execution and delivery of this Amendment by the Administrative Agent and the Lenders.
Appears in 1 contract
Samples: Omnibus Amendment of Loan Documents (Acg Holdings Inc)
Reaffirmation of ACG Party Obligations. Each ACG Party hereby ratifies each of the Amended Credit Agreement and the Amended Servicing Agreement Loan Documents (as amended pursuant to this Amendment) to which it is a party and acknowledges and reaffirms (i) that it is bound by all terms of the Amended Credit Agreement Loan Documents to which it is a party. ACG Finance acknowledges and the Amended Servicing Agreement and (ii) reaffirms that it is responsible for the observance and full performance of the Obligations, including without limitation the repayment of the Loans, in accordance with the terms of the Amended Credit Agreement. Each ACG Party further represents and warrants to the Administrative Agent and the Lenders that none of the ACG Parties has any claims, counterclaims, offsets, credits or defenses to the Loan Documents or the performance of their respective obligations thereunder, or if any ACG Party has any such claims, counterclaims, offsets, creditors or defenses to the Loan Documents or any transaction related to the Loan Documents, the same are hereby fully and irrevocably waived, relinquished and released in consideration of the execution and delivery of this Amendment by the Administrative Agent and the Lenders.
Appears in 1 contract
Samples: Amendment and Temporary Waiver Agreement (American Color Graphics Inc)