Common use of Reaffirmation of Guarantees and Security Interests Clause in Contracts

Reaffirmation of Guarantees and Security Interests. The Borrower hereby consents to the terms and conditions of this First Amendment, including the borrowings of the Incremental Term Loans as contemplated herein. In addition, the Borrower hereby (a) affirms and confirms its guarantees, pledges, grants and other undertakings under the Existing Credit Agreement (as amended by this First Amendment), the Amended and Restated Credit Agreement as of the Funding and Repricing Date, and the other Financing Documents to which it is a party, (b) agrees that (i) each Financing Document to which it is a party shall continue to be in full force and effect and (ii) all guarantees, pledges, grants and other undertakings thereunder shall continue to be in full force and effect (as amended by First Amendment) and shall accrue to the benefit of the Secured Parties, and (c) acknowledges that from and after the Funding and Repricing Date, all Incremental Tranche A Term Loans shall be deemed to be “Tranche A Term Loans” and Obligations and all Incremental Tranche B Term Loans shall be deemed to be “Tranche B Term Loans” and Obligations.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement (NRG Yield, Inc.)

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Reaffirmation of Guarantees and Security Interests. The Borrower Each Loan Party hereby acknowledges its receipt of a copy of this Amendment and its review of the terms and conditions hereof and consents to the terms and conditions of this First AmendmentAmendment and the transactions contemplated hereby, including the borrowings extension of credit under the Incremental Term Loans as contemplated hereinRevolving Facility Increase and the Refinancing Revolving Facility. In addition, the Borrower Each Loan Party hereby (a) affirms and confirms its guarantees, pledges, grants and other undertakings under the Existing Credit Agreement (as amended by this First Amendment), the Amended and Restated Credit Agreement as of the Funding and Repricing Date, and the other Financing Loan Documents to which it is a party, (b) agrees that (i) each Financing Loan Document to which it is a party shall continue to be in full force and effect and (ii) all guarantees, pledges, grants and other undertakings thereunder shall continue to be in full force and effect (as amended by First Amendment) and shall accrue to the benefit of the Secured PartiesParties (as defined in the Collateral Agreement), including the Revolving Facility Amendment Lenders, and (c) acknowledges that from and after the Funding and Repricing Datedate hereof, all Incremental Tranche A Term Loans extensions of credit made under the Revolving Facility Increase and the Refinancing Revolving Facility (as applicable) from time to time outstanding shall be deemed to be “Tranche A Term Loans” and Secured Obligations and all Incremental Tranche B Term Loans shall be deemed to be “Tranche B Term Loans” and Obligations(as defined in the Collateral Agreement).

Appears in 2 contracts

Samples: Revolving Facility Amendment (Constant Contact, Inc.), Revolving Facility Amendment to Third Amended and Restated Credit Agreement (Endurance International Group Holdings, Inc.)

Reaffirmation of Guarantees and Security Interests. The Borrower Each Loan Party hereby acknowledges its receipt of a copy of this Incremental Joinder Agreement and its review of the terms and conditions hereof and consents to the terms and conditions of this First AmendmentIncremental Joinder Agreement and the transactions contemplated thereby, including any Credit Events made available by the borrowings of Total LC Limit Increase and the Incremental Term Loans as contemplated hereinTotal Issuance Cap Increase. In addition, the Borrower Each Loan Party hereby (a) affirms and confirms its guarantees, pledges, grants grants, charges, mortgages and other security interests and undertakings under the Existing Credit Agreement (as amended by this First Amendment), the Amended and Restated Credit Agreement as of the Funding and Repricing Date, ULCA and the other Financing Loan Documents to which it is a party, (b) agrees that (i) each Financing Loan Document to which it is a party shall continue to be in full force and effect and (ii) all guarantees, pledges, grants grants, charges, mortgages and other security interests and undertakings thereunder shall continue to be in full force and effect and guarantee or secure (as amended by First Amendmentapplicable) the Obligations and shall accrue to the benefit of the Secured Parties, including the Incremental LC Lender, notwithstanding the entry into of this Incremental Joinder Agreement and (c) acknowledges that from and after the Funding and Repricing Datedate hereof, all Incremental Tranche A Term Loans LC Exposure attributable to the Total LC Limit Increase and the Total Issuance Cap Increase from time to time shall be deemed to be “Tranche A Term Loans” and Obligations and all Incremental Tranche B Term Loans shall be deemed to be “Tranche B Term Loans” and Obligations.

Appears in 1 contract

Samples: Incremental Joinder Agreement (New Fortress Energy Inc.)

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Reaffirmation of Guarantees and Security Interests. The Borrower Each Loan Party hereby acknowledges its receipt of a copy of this Incremental Joinder Agreement and its review of the terms and conditions hereof and consents to the terms and conditions of this First AmendmentIncremental Joinder Agreement and the transactions contemplated thereby, including any Credit Events made available by the borrowings of Total LC Limit Increase and the Incremental Term Loans as contemplated hereinTotal Issuance Cap Increase. In addition, the Borrower Each Loan Party hereby (a) affirms and confirms its guarantees, pledges, grants grants, charges, mortgages and other security interests and undertakings under the Existing Credit Agreement (as amended by this First Amendment), the Amended and Restated Credit Agreement as of the Funding and Repricing Date, ULCA and the other Financing Loan Documents to which it is a party, (b) agrees that (i) each Financing Loan Document to which it is a party shall continue to be in full force and effect and (ii) all guarantees, pledges, grants grants, charges, mortgages and other security interests and undertakings thereunder shall continue to be in full force and effect and guarantee or secure (as amended by First Amendmentapplicable) the Obligations and shall accrue to the benefit of the Secured Parties, including the Incremental LC Lenders, notwithstanding the entry into of this Incremental Joinder Agreement and (c) acknowledges that from and after the Funding and Repricing Datedate hereof, all Incremental Tranche A Term Loans LC Exposure attributable to the Total LC Limit Increase and the Total Issuance Cap Increase from time to time shall be deemed to be “Tranche A Term Loans” and Obligations and all Incremental Tranche B Term Loans shall be deemed to be “Tranche B Term Loans” and Obligations.

Appears in 1 contract

Samples: Incremental Joinder Agreement (New Fortress Energy Inc.)

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