Common use of Reaffirmation of Guarantee and Security Clause in Contracts

Reaffirmation of Guarantee and Security. Each Borrower and each other Loan Party, by its signature below, hereby (a) agrees that, notwithstanding the effectiveness of this Amendment, the Collateral Documents continue to be in full force and effect and (b) affirms and confirms its Guarantee of the Obligations and the pledge of and/or grant of a security interest in its assets as Collateral to secure such Obligations, all as provided in the Collateral Documents as originally executed, and acknowledges and agrees that such guarantee, pledge and/or grant continue in full force and effect in respect of, and to secure, such Obligations under each applicable Credit Agreement and the other Loan Documents.

Appears in 2 contracts

Samples: Credit Agreement (Blackstone Holdings III L.P.), Credit Agreement (Blackstone Holdings III L.P.)

AutoNDA by SimpleDocs

Reaffirmation of Guarantee and Security. Each (a) The Borrower and each other Loan Party, by its signature below, hereby (ai) agrees that, notwithstanding the effectiveness of this Amendment, the Collateral Security Documents continue to be in full force and effect and (bii) affirms and confirms its Guarantee guarantee of the Obligations and the pledge of and/or grant of a security interest in its assets as Collateral to secure such Obligations, all as provided in the Collateral Documents as originally executedSecurity Documents, and acknowledges and agrees that such guarantee, pledge and/or grant continue in full force and effect in respect of, and to secure, such Obligations under each applicable the Amended Credit Agreement and the other Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Frontdoor, Inc.)

AutoNDA by SimpleDocs

Reaffirmation of Guarantee and Security. Each (a) The Borrower and each other Loan Credit Party, by its signature below, hereby (ai) agrees that, notwithstanding the effectiveness of this Amendment, the Collateral Documents continue to be in full force and effect and (bii) affirms and confirms its Guarantee guarantee of the Obligations and the pledge of and/or grant of a security interest in its assets as Collateral to secure such Obligations, all as provided in the Existing Credit Agreement and the Collateral Documents as originally executedDocuments, and acknowledges and agrees that such guarantee, pledge and/or grant continue in full force and effect in respect of, and to secure, such Obligations under each applicable the Amended Credit Agreement and the other Loan Credit Documents.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (PetIQ, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!