Reaffirmation of Loan Agreements Sample Clauses

Reaffirmation of Loan Agreements. The Borrowers reaffirm and agree that all of the Loan Agreements are fully enforceable and in full force and effect and have not been waived or modified in any manner except as expressly set forth in this Amendment No. 1, and that the Loan Agreements, as modified by this Amendment No. 1, are fully enforceable and in full force and effect on the date of this Amendment No. 1.
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Reaffirmation of Loan Agreements. The Borrowers reaffirm and agree that all of the Loan Agreements are fully enforceable and in full force and effect and have not been waived or modified in any manner except as expressly set forth in the Forbearance Agreement, Amendment Xx. 0, Xxxxxxxxx Xx. 0, Xxxxxxxxx Xx. 0, Xxxxxxxxx Xx. 0, Xxxxxxxxx Xx. 0 and this Amendment No. 6, and that the Loan Agreements, as modified by this Amendment No. 6, are fully enforceable and in full force and effect on the date of this Amendment No. 6.
Sample 1
Reaffirmation of Loan Agreements. Borrower reaffirms all of its obligations under the Loan Agreements.
Sample 1
Reaffirmation of Loan Agreements. In consideration of the Bank's agreement to forbear to the extent provided hereunder in the manner of enforcement of its remedies, the Borrower agrees and reaffirms that the Loan Documents constitute valid and legally binding obligations of the Borrower, and that the Loan Documents are enforceable against the Borrower in accordance with their terms; neither this Forbearance Agreement nor any other documents described herein shall be deemed or construed to be a satisfaction, reinstatement, novation or release of, the Loan Documents or any of them, or a waiver by the Bank under the Loan Documents, or any of them or at law or in equity; the Borrower has no defenses, set-offs, claims, counterclaims or causes of action of any kind or nature whatsoever with respect to the Indebtedness or the Loan Documents, or with respect to any other documents or instruments now or heretofore evidencing, securing, or in any way relating to any Loan Documents, or with respect to the administration or funding by the Bank of any loans or other transactions that gave rise to any of the Indebtedness, or any of the property of the Borrower, and the Borrower hereby expressly waives, releases and relinquishes any and all such defenses, set-offs, claims counterclaims and causes of action existing as of the date of this Forbearance Agreement against the Bank. Upon any Default or other occurrence or date permitting the Bank to exercise its rights under this Forbearance Agreement or the Loan Documents, and upon notice, the Bank shall have sole and exclusive discretionary authority to apply the collateral, security or the proceeds thereof to any of the Loans, in any order or amount as the Bank, in its sole discretion shall deem appropriate. The Borrower specifically and expressly waives any and all claimed rights to contest the Bank's rights in application of payment of such proceeds in the manner so chosen by the Bank.
Sample 1

Related to Reaffirmation of Loan Agreements

  • Reaffirmation of Loan Agreement Except as modified by the terms hereof, all of the terms and conditions of the Loan Agreement, as amended, and all other of the Existing Financing Agreements are hereby reaffirmed and shall continue in full force and effect as therein written.

  • Reaffirmation of Loan Documents Any and all of the terms and provisions of the Credit Agreement and the Loan Documents shall, except as amended and modified hereby, remain in full force and effect. This Amendment shall not limit or impair any Liens securing the Obligations, each of which are hereby ratified, affirmed and extended to secure the Obligations as it may be increased pursuant hereto. This Amendment constitutes a Loan Document.

  • Reaffirmation of Loan Documents and Liens Except as amended and modified hereby, any and all of the terms and provisions of the Credit Agreement and the other Loan Documents shall remain in full force and effect and are hereby in all respects ratified and confirmed by each Credit Party. Each Credit Party hereby agrees that the amendments and modifications herein contained shall in no manner affect or impair the liabilities, duties and obligations of any Credit Party under the Credit Agreement and the other Loan Documents or the Liens securing the payment and performance thereof.

  • RATIFICATION OF LOAN DOCUMENTS Borrower hereby ratifies, confirms, and reaffirms all terms and conditions of all security or other collateral granted to the Bank, and confirms that the indebtedness secured thereby includes, without limitation, the Obligations.

  • Ratification and Confirmation of Loan Documents The Borrower hereby consents, acknowledges and agrees to the amendments set forth herein and hereby confirms and ratifies in all respects the Loan Documents to which the Borrower is a party.

  • Modification of Loan Documents At any time or from time to time and any number of times, without notice to Guarantor and without affecting the liability of Guarantor, all of the following will apply:

  • Modification of Loan Documents, etc Neither the Administrative Agent nor any other Secured Party shall incur any liability to any Guarantor as a result of any of the following, and none of the following shall impair or release this Guaranty or any of the obligations of any Guarantor under this Guaranty:

  • Confirmation of Loan Documents Except as expressly contemplated hereby, the terms, provisions, conditions and covenants of the Credit Agreement, as amended by this Amendment, and the other Loan Documents remain in full force and effect and are hereby ratified and confirmed, and the execution, delivery and performance of this Amendment shall not, except as expressly set forth in this Amendment, operate as a waiver of, consent to or amendment of any term, provision, condition or covenant thereof. Without limiting the generality of the foregoing, except pursuant hereto or as expressly contemplated or amended hereby, nothing contained herein shall be deemed: (a) to constitute a waiver of compliance or consent to noncompliance by any Loan Party with respect to any term, provision, condition or covenant of the Credit Agreement or any other Loan Document; (b) to prejudice any right or remedy that the Administrative Agent or any Lender may now have or may have in the future under or in connection with the Credit Agreement or any other Loan Document; or (c) to constitute a waiver of compliance or consent to noncompliance by the Borrower with respect to the terms, provisions, conditions and covenants of the Credit Agreement and the other Loan Documents made the subject hereof.

  • Execution of Loan Documents Unless the Administrative Agent otherwise specifies with respect to any Loan Document, (a) this Agreement and any other Loan Document may be executed in any number of counterparts and any party hereto or thereto may execute any counterpart, each of which when executed and delivered will be deemed to be an original and all of which counterparts of this Agreement or any other Loan Document, as the case may be, when taken together will be deemed to be but one and the same instrument and (b) execution of any such counterpart may be evidenced by a telecopier transmission of the signature of such party. The execution of this Agreement or any other Loan Document by any party hereto or thereto will not become effective until counterparts hereof or thereof, as the case may be, have been executed by all the parties hereto or thereto.

  • Reaffirmation of Liens (a) Each of the Borrower and each Guarantor (i) is party to certain Security Documents securing and supporting the Borrower’s and Guarantors’ obligations under the Loan Documents, (ii) 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 Borrower’s and Guarantors’ obligations under the Loan Documents, as the same may be amended, supplemented, or otherwise modified, and (iii) acknowledges, represents, and warrants that the liens and security interests created by the Security Documents are valid and subsisting and create a first and prior Lien (subject only to Permitted Liens) in the Collateral to secure the Secured Obligations.

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