Reaffirmation of Guaranty and Security Documents. The Borrower and each of the other Loan Parties hereby agrees that all of its obligations and liabilities under the Credit Agreement and each Loan Document to which it is a party remain in full force and effect on a continuous basis after giving effect to this Amendment.
Reaffirmation of Guaranty and Security Documents. By execution of this Amendment, each Guarantor reaffirms and restates its guaranty of the Obligations pursuant to the Guaranty Agreement and agrees that its obligations thereunder are not released, diminished, impaired or reduced or otherwise adversely affected by this Amendment. Each Loan Party reaffirms and admits the validity and enforceability of each Security Document to which it is a party and all of its obligations thereunder and agrees and admits that (a) it has no defense to any such obligation (as of the date of this Amendment) and (b) it shall not exercise any setoff or offset to any such obligation.
Reaffirmation of Guaranty and Security Documents. By signing this Amendment, each Obligor hereby confirms that (a) its obligations and liabilities under the Credit Agreement as modified hereby (including with respect to the Tranche B-2b Term Loans contemplated by this Amendment) and the other Loan Documents to which it is a party remain in full force and effect on a continuous basis after giving effect to this Amendment, (b) the Secured Parties remain entitled to the benefits of the guarantees and the security interests set forth or created in the Security Documents and the other Loan Documents, (c) notwithstanding the effectiveness of the terms hereof, the Security Documents and the other Loan Documents are, and shall continue to be, in full force and effect and are hereby ratified and confirmed in all respects and (d) each Tranche B-2b Term Loan Lender shall be a “Secured Party” and a “Lender” for all purposes of the Credit Agreement and the other Loan Documents. Each Obligor ratifies and confirms that all Liens granted, conveyed, or assigned to any Agent by such Person pursuant to each Loan Document to which it is a party remain in full force and effect, are not released or reduced, and continue to secure full payment and performance of the Obligations as increased hereby.
Reaffirmation of Guaranty and Security Documents. The Guaranty and each Security Document is hereby reaffirmed as of the date hereof in all respects jointly and severally by each of the Guarantors, and shall continue from and after the date hereof and shall remain in full force and effect from and after the date hereof, and the obligations guaranteed under the Guaranty and secured pursuant to the Security Documents shall include the Borrower’s obligations under the Credit Agreement as amended by the Seventh Amendment and under the Restated Revolving Note and the Restated Term Note.
Reaffirmation of Guaranty and Security Documents. By signing this Amendment, each Obligor hereby confirms that (a) its obligations and liabilities under the Credit Agreement as modified hereby and the other Loan Documents to which it is a party remain in full force and effect on a continuous basis after giving effect to this Amendment, (b) the Secured Parties remain entitled to the benefits of the guarantees and the security interests set forth or created in the Security Documents and the other Loan Documents and (c) notwithstanding the effectiveness of the terms hereof, the Security Documents and the other Loan Documents are, and shall continue to be, in full force and effect and are hereby ratified and confirmed in all respects. Each Obligor ratifies and confirms that all Liens granted, conveyed, or assigned to any Agent by such Person pursuant to each Loan Document to which it is a party remain in full force and effect, are not released or reduced, and continue to secure full payment and performance of the Obligations as increased hereby.
Reaffirmation of Guaranty and Security Documents. (a) Each Guarantor hereby ratifies, confirms, and acknowledges that its obligations under the Credit Agreement are in full force and effect and that each Guarantor continues to unconditionally and irrevocably, jointly and severally, guarantee the full and punctual payment, when due, whether at stated maturity or earlier by acceleration or otherwise, of all of the Obligations (subject to the terms of Article VIII of the Credit Agreement), as such Obligations may have been amended by this Amendment. Each Guarantor hereby acknowledges that its execution and delivery of this Amendment does not indicate or establish an approval or consent requirement by the Guarantors in connection with the execution and delivery of amendments to the Credit Agreement or any of the other Loan Documents.
(b) Each Loan Party (a) is party to certain Security Documents securing and supporting the Obligations under the Loan Documents, (b) represents and warrants that it has no defenses to the enforcement of the Security Documents and that according to their terms the Security Documents will continue in full force and effect to secure the Obligations under the Loan Documents, as the same may be amended, supplemented, or otherwise modified, and (c) acknowledges, represents, and warrants that the liens and security interests created by the Security Documents are valid and subsisting and create an Acceptable Security Interest in the Collateral to secure the Obligations under the Loan Documents, as the same may be amended, supplemented, or otherwise modified.
Reaffirmation of Guaranty and Security Documents. The undersigned acknowledges receipt of a copy of the Fifth Amendment to Credit Agreement and Consent dated as of September 15, 2014, consents to such amendments and to each of the transactions referenced therein and hereby reaffirms its obligations under the Subsidiary Guaranty and the Security Documents.
Reaffirmation of Guaranty and Security Documents. Each of the undersigned acknowledges receipt of a copy of Amendment No. 2 (the “Amendment”) dated as of April 8, 2011 between ScanSource, Inc., a Delaware corporation (the “Borrower”) the Subsidiary Borrowers party thereto (together with the Borrower, the “Borrowers”), JPMorgan Chase Bank, N. A., individually and as administrative agent (the “Administrative Agent”), and the other financial institutions signatory thereto, of the Credit Agreement dated as of September 28, 2007 (as previously amended, the “Credit Agreement”) between the Borrowers, the Administrative Agent and the financial institutions party thereto, consents to such Amendment and each of the transactions referenced therein, and hereby reaffirms its obligations under each of the Parent Guaranty, the Subsidiary Guaranty, and each of the applicable Security Documents (each as defined in the Credit Agreement). Each of the undersigned which is a party to the Security Agreement agrees to be bound by Section 5 of the Amendment. Each of the undersigned which is a party to the Pledge Agreement dated as of September 22, 2007 agrees to be bound by Section 6 of the Amendment.
Reaffirmation of Guaranty and Security Documents. The undersigned acknowledges receipt of a copy of the Consent dated as of October 15, 2014, agrees to such consents and to each of the transactions referenced therein and hereby reaffirms its obligations under the Subsidiary Guaranty and the Security Documents.
Reaffirmation of Guaranty and Security Documents. The ------------------------------------------------ undersigned Company and each of the Guarantors of the obligations of the Company to the Banks under the Credit Agreement and the other Loan Documents each hereby: (i) consents to the execution and delivery of the foregoing Amendment, (ii) agrees that the Amendment shall not limit or diminish the obligations of the undersigned under the Credit Agreement as the Company or as Guarantors or under any of the Security Documents as pledgors, debtors, grantors or otherwise, (iii) reaffirms its obligations under its Guaranty, in the case of the Guarantors, and each Security Document, (iv) agrees that the Guaranty and each Security Document remains in full force and effect and is hereby ratified and confirmed and (v) agrees that each reference in the Guaranty and each Security Document to the "Obligations," the "Guaranteed Obligations," the "Secured Obligations," or any analogous term shall include, without limitation, all obligations to pay or otherwise in respect of the Tranche C Term Loans.
