Common use of Reaffirmation of Existing Debt Clause in Contracts

Reaffirmation of Existing Debt. The Credit Parties acknowledge and confirm: (a) that the Agent, on behalf of the Lenders, has a valid and enforceable first priority perfected security interest in the Collateral subject only to certain Permitted Liens, (b) that the Borrower's obligation to repay the outstanding principal amount of the Loans and reimburse the Issuing Lender for any drawing on a Letter of Credit is unconditional and not subject to any offsets, defenses or counterclaims, (c) that the Agent and the Lenders have performed fully all of their respective obligations under the Credit Agreement, the Forbearance Agreement and the other Credit Documents, and (d) by entering into this Amendment, the Lenders do not waive or release any term or condition of the Credit Agreement, the Forbearance Agreement or any of the other Credit Documents or any of their rights or remedies under such Credit Documents or applicable law or any of the obligations of any Credit Party thereunder.

Reaffirmation of Existing Debt. The Credit Parties acknowledge and confirm: confirm (a) that the Agent, on behalf of the Lenders, has a valid and enforceable first priority perfected security interest in the Collateral subject only to certain Permitted LiensCollateral, (b) that the Borrower's obligation to repay the outstanding principal amount of the Loans and reimburse the Issuing Lender for any drawing on a Letter of Credit is unconditional and not subject to any offsets, defenses or counterclaims, (c) that the Agent and the Lenders have performed fully all of their respective obligations under the Credit Agreement, the Forbearance Agreement and the other Credit Documents, and (d) by entering into this Amendment, the Lenders do not waive (except for the limited waiver of the Existing Defaults) or release any term or condition of the Credit Agreement, the Forbearance Agreement or any of the other Credit Documents or any of their rights or remedies under such Credit Documents or applicable law or any of the obligations of any Credit Party thereunder.

Reaffirmation of Existing Debt. The Credit Parties acknowledge and confirm: confirm (a) that the Agent, on behalf of the Lenders, has a valid and enforceable first priority perfected security interest in the Collateral subject only to certain Permitted Liens, (b) that the Borrower's obligation to repay the outstanding principal amount of the Loans and reimburse the Issuing Lender for any drawing on a Letter of Credit is unconditional and not subject to any offsets, defenses or counterclaims, (c) that the Agent and the Lenders have performed fully all of their respective obligations under the Credit Agreement, the Forbearance Agreement and the other Credit Documents, and (d) by entering into this Amendment, the Lenders do not waive or release any term or condition of the Credit Agreement, the Forbearance Agreement or any of the other Credit Documents or any of their rights or remedies under such Credit Documents or applicable law or any of the obligations of any Credit Party thereunder.

Reaffirmation of Existing Debt. The Credit Parties acknowledge and confirm: confirm as of the date hereof (a) that the Agent, on behalf of the Lenders, has a valid and enforceable first priority perfected security interest in the Collateral Collateral, subject only to certain Permitted Liens, (b) that the Borrower's Credit Parties' obligation to repay the outstanding principal amount of the Loans and reimburse the Issuing Lender for any drawing on a Letter of Credit is unconditional and not subject to any offsets, defenses or counterclaims, (c) that the Agent and the Lenders have performed fully all of their respective obligations under the Credit Agreement, the Forbearance Agreement and the other Credit Documents, and (d) by entering into this AmendmentAgreement, the Lenders do not waive or release (except as specifically provided in Section 2 hereof) any term or condition of the Credit Agreement, the Forbearance Agreement or any of the other Credit Documents or any of their rights or remedies under such Credit Documents or applicable law or any of the obligations of any Credit Party thereunder.

Reaffirmation of Existing Debt. The Credit Parties acknowledge Borrower acknowledges and confirm: confirms as of the date hereof (a) that the Administrative Agent, on behalf of the Lenders, has a valid and enforceable first priority perfected security interest in the Collateral Collateral, subject only to certain Permitted LiensLiens permitted by the Credit Agreement, (b) that the Borrower's ’s obligation to repay the outstanding principal amount of the Loans and reimburse the Issuing Lender L/C Issuer for any drawing on a Letter of Credit is unconditional and not subject to any offsets, defenses or counterclaims, (c) that the Administrative Agent and the Lenders have performed fully all of their respective obligations under the Credit Agreement, the Forbearance Agreement and the other Credit Loan Documents, and (d) by entering into this AmendmentAgreement, the Lenders do not waive or release (except as specifically provided in Section 3 hereof) any term or condition of the Credit Agreement, the Forbearance Agreement or any of the other Credit Loan Documents or any of their rights or remedies under such Credit Loan Documents or applicable law or any of the obligations of any Credit Party the Borrower thereunder.

Reaffirmation of Existing Debt. The Credit Parties acknowledge and confirm: confirm as of the date hereof (a) that the Agent, on behalf of the Lenders, has a valid and enforceable first priority perfected security interest in the Collateral Collateral, subject only to certain Permitted Liens, (b) that the Borrower's ’s obligation to repay the outstanding principal amount of the Loans and reimburse the Issuing Lender for any drawing on a Letter of Credit is unconditional and not subject to any offsets, defenses or counterclaims, (c) that the Agent and the Lenders have performed fully all of their respective obligations under the Credit Agreement, the Forbearance Agreement and the other Credit Documents, and (d) by entering into this AmendmentAgreement, the Lenders do not waive or release (except as specifically provided in Section 2 hereof) any term or condition of the Credit Agreement, the Forbearance Agreement or any of the other Credit Documents or any of their rights or remedies under such Credit Documents or applicable law or any of the obligations of any Credit Party thereunder.

Reaffirmation of Existing Debt. The Credit Parties acknowledge and confirm: confirm (a) that the Agent, on behalf of the Lenders, has a valid and enforceable first priority perfected security interest in the Collateral subject only to certain Permitted LiensCollateral, (b) that the Borrower's obligation to repay the outstanding principal amount of the Loans and reimburse the Issuing Lender for any drawing on a Letter of Credit is unconditional and not subject to any offsets, defenses or counterclaims, (c) that that, to the best of their knowledge, the Agent and the Lenders have performed fully all of their respective obligations under the Credit Agreement, the Forbearance Agreement and the other Credit Documents, and (d) by entering into this Amendment, the Lenders do not waive (except as specifically provided in Section 2 hereof) or release any term or condition of the Credit Agreement, the Forbearance Agreement or any of the other Credit Documents or any of their rights or remedies under such Credit Documents or applicable law or any of the obligations of any Credit Party thereunder.