Reaffirmation of Collateral Documents. Each Credit Party hereby (a) affirms that (i) except as expressly contained herein, nothing contained therein shall modify in any respect whatsoever any of its obligations under any of the Collateral Documents to which it is a party and (ii) each such Collateral Document is and shall continue to remain in full force and effect and (b) agrees that all references in any of the Loan Documents to the "Obligations" shall be deemed to refer to the definition of "Obligations" as amended by this Amendment and as otherwise amended from time to time.
Reaffirmation of Collateral Documents. Notwithstanding anything to the contrary contained in the Collateral Documents, each of the undersigned hereby: (a) consents to and approves all of the terms of that certain Fourth Amendment to Credit Agreement, dated as of the date hereof, by and among Akorn, Inc., Akorn (New Jersey), Inc., the financial institutions party thereto as Lenders, and LaSalle Bank National Association, as administrative agent (the “Amendment”), in connection with which this Reaffirmation of Collateral Documents has been executed; (b) ratifies and confirms all of its indebtedness, liabilities and obligations under the Collateral Documents to which it is a party; (c) reaffirms that, after giving effect to the Amendment, all of its representations and warranties made in the Collateral Documents to which it is a party remain true and correct as of the date of this Amendment (except to the extent that such representations or warranties are expressly made only as of another specific date, in which case they shall be true and correct as of such date); (d) reaffirms all of its covenants, agreements, indebtedness, liabilities and obligations under the Collateral Documents to which it is a party, which include, without limitation, the grant of Liens in all of such party’s interests in the Collateral (as defined in the Guaranty and Collateral Agreement) owned by it as security for the payment and performance of the Obligations; (e) agrees that the Collateral Documents to which it is a party shall and do remain in full force and effect; (f) agrees that the Collateral Documents to which it is a party shall and do continue to constitute the legal, valid and binding obligations of such party, enforceable against it in accordance with the terms of the Collateral Documents to which it is a party and that such obligations shall not be discharged or affected by any modification, extension, renewal or amendment of the terms of the Credit Agreement or the other Loan Documents; and (g) agrees and acknowledges that there are no defenses, counterclaims or set-offs to the Collateral Documents to which it is a party or its covenants, agreements, indebtedness, liabilities and obligations under the Collateral Documents, and agrees that any (if any) such defenses, counterclaims or set-offs are hereby expressly waived.
Reaffirmation of Collateral Documents. In connection with this Amendment, each Loan Party party hereto, as debtor, grantor, pledgor, guarantor, or another similar capacity in which such Loan Party grants Liens or security interests or otherwise acts as a guarantor, joint or several obligor or other accommodation party, as the case may be, in each case under the Collateral Documents heretofore executed and delivered in connection with or pursuant to the Credit Agreement (as such Collateral Documents may have been heretofore, or are hereby, amended, restated, supplemented or otherwise modified), hereby (a) ratifies and reaffirms all of its payment and performance obligations, contingent or otherwise, under such Collateral Documents to which it is a party, (b) to the extent such Loan Party granted Liens on or security interests in any of its properties pursuant to such Collateral Documents, hereby ratifies and reaffirms such grant of security and confirms that such Liens and security interests continue to secure the Secured Obligations (as defined in the Collateral Agreement) thereunder and (c) to the extent such Loan Party guaranteed, was joint or severally liable, or provided other accommodations with respect to, the Obligations or any portion thereof, hereby ratifies and reaffirms such guaranties, liabilities and other accommodations.
Reaffirmation of Collateral Documents. Duly executed originals of a Reaffirmation of Collateral Documents, dated the Sixth Amendment Effective Date, executed by each Credit Party.
Reaffirmation of Collateral Documents. Each Credit Party (i) acknowledges and confirms that notwithstanding the execution of this Agreement and the consummation of the transactions contemplated hereunder or any other facts and circumstances, all of the terms and conditions, representations and covenants contained in the Collateral Documents are and shall remain in full force and effect in accordance with their respective terms and the security interests and liens theretofore granted, pledged and/or assigned under the Collateral Documents as security for the Obligations shall not be impaired, limited or affected in any manner whatsoever; and (ii) represents, warrants and confirms that no offsets, counterclaims or defenses exist with respect to each of the Credit Parties’ obligations under the Collateral Documents.
Reaffirmation of Collateral Documents. Each Transaction Party party hereto (a) is party to certain Collateral Documents securing the Secured Obligations, (b) reaffirms the terms of and its obligations (and the security interests granted by it) under each Collateral Document to which it is a party, and agrees that each such Collateral Document will continue in full force and effect to secure the Secured Obligations, as amended hereby, and (c) acknowledges, represents, warrants, and agrees that the Liens and security interests granted by it pursuant to the Collateral Documents to which it is a party are valid, enforceable, and subsisting, and the Collateral Documents create a Lien on and security interest in the Collateral (subject to the Permitted Liens) to secure the Secured Obligations, and such Liens and security interests are perfected in accordance with the Credit Documents.
Reaffirmation of Collateral Documents. The Borrower heretofore executed and delivered to the Agent the Security Agreement and the Pledge Agreement and certain other Collateral Documents for the benefit of the Agent and the Banks. The Borrower hereby agrees that, notwithstanding the execution and delivery of this Agreement, the Security Agreement, the Pledge Agreement, and all other Collateral Documents heretofore executed and delivered to the Agent shall remain in full force and effect and shall secure all the Obligations of the Borrower hereunder and under the other Loan Documents and that all rights and remedies of the Agent and the Banks thereunder, and all Obligations of the Borrower thereunder and all Liens created and provided for thereunder, shall be and remain in full force and effect and shall not be affected, impaired, or discharged hereby. The Borrower hereby acknowledges and agrees, and the Agent and the Banks hereby acknowledge and agree, that the "Credit Agreement" and the "Notes" referred to in the Security Agreement, the Pledge Agreement, and such other Collateral Document shall from and after the date hereof be deemed a reference to this Agreement and the Notes issued hereunder.
Reaffirmation of Collateral Documents. Each Transaction Party party hereto (a) is party to certain Collateral Documents securing the Secured Obligations, (b) reaffirms the -6- terms of and its obligations (and the security interests granted by it) under each Collateral Document to which it is a party, and agrees that each such Collateral Document will continue in full force and effect to secure the Secured Obligations, as amended hereby, and (c) acknowledges, represents, warrants, and agrees that the Liens and security interests granted by it pursuant to the Collateral Documents to which it is a party are valid, enforceable, and subsisting, and the Collateral Documents create a Lien on and security interest in the Collateral (subject to the Permitted Liens) to secure the Secured Obligations, and such Liens and security interests are perfected in accordance with the Credit Documents. Further to the above, each Transaction Party granting Hungarian law governed security reaffirms the terms of and its obligations (and the security interests granted by it) under each Hungarian law governed Collateral Document to which it is a party, and agrees that each such Collateral Document will continue in full force and effect to secure the Secured Obligations, as amended hereby. The Collateral Documents and the security interest created thereunder will remain unchanged and will remain in full force and effect and will continue to secure the Secured Obligations.
Reaffirmation of Collateral Documents. Borrower and each of the Existing Subsidiaries hereby reaffirms its obligations under each of the Collateral Documents to which it is a party and agrees and confirms that all such Collateral Documents continue to secure all Obligations under this Agreement.
Reaffirmation of Collateral Documents. This Omnibus Amendment No. 1 and Reaffirmation of Collateral Documents dated as of June 26, 2013 (this “Amendment”) is entered into among Xxxxxxxx Xxxx Restaurant Group, Inc., a Delaware corporation (the “Borrower”), each other Loan Party (as defined in the Credit Agreement referred to below) party hereto, each Lender (as defined in the Credit Agreement referred to below) party to such Credit Agreement as of the date hereof and Bank of America, N.A., as administrative agent (the “Administrative Agent”) for the Lenders. Capitalized terms used herein but not defined herein shall have the meanings provided in the Credit Agreement.
