Common use of Reaffirmation of Guaranty and Security Documents Clause in Contracts

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.

Appears in 1 contract

Samples: Credit Agreement (Sinclair Broadcast Group Inc)

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Reaffirmation of Guaranty and Security Documents. By signing this AmendmentAgreement, each Obligor hereby confirms that (a) its obligations and liabilities under the Credit Agreement as modified hereby (including with respect to the New Incremental Tranche B-2b B-1 Term Loans contemplated by this AmendmentAgreement) 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 AmendmentAgreement, (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 New Incremental Tranche B-2b B-1 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.

Appears in 1 contract

Samples: Credit Agreement (Sinclair Broadcast Group Inc)

Reaffirmation of Guaranty and Security Documents. By signing this AmendmentAgreement, each Obligor hereby confirms that (a) its obligations and liabilities under the Credit Agreement as modified hereby (including with respect to the Incremental Tranche B-2b A Term Loans contemplated by this AmendmentAgreement) 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 AmendmentAgreement, (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 Incremental Tranche B-2b A 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.

Appears in 1 contract

Samples: Credit Agreement (Sinclair Broadcast Group Inc)

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, 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 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 Documentsrespects. 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.

Appears in 1 contract

Samples: Security Agreement (Sinclair Broadcast Group Inc)

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Reaffirmation of Guaranty and Security Documents. By signing this AmendmentAgreement, each Obligor hereby confirms that (a) its obligations and liabilities under the Credit Agreement as modified hereby (including with respect to the Incremental Tranche B-2b B Term Loans contemplated by this AmendmentAgreement) 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 AmendmentAgreement, (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 Incremental Tranche B-2b B 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.

Appears in 1 contract

Samples: Credit Agreement (Sinclair Broadcast Group Inc)

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