Reaffirmation of Pledge Agreement. The Borrower hereby reaffirms that the unpaid balance of the Notes and all of the other obligations of the Borrower under the Loan Agreement are now and shall hereafter continue to be secured by, among other things, a first priority, perfected security interest in the “Collateral” described in that certain Pledge Agreement dated May 5, 2003 executed by the Borrower in favor of the Bank. All of the terms, conditions, provisions, agreements, requirements, promises, obligations, duties, covenants and representations of the Borrower under such Pledge Agreement and any and all other documents and agreements entered into with respect to the obligations of the Borrower under the Loan Agreement (collectively, the “Loan Documents”) are incorporated herein by reference and are hereby ratified and affirmed in all respects by the Borrower.
Reaffirmation of Pledge Agreement a. Borrower and Alex-Lex hereby represent and warrant to Lender as follows:
Reaffirmation of Pledge Agreement. The terms and conditions of the Securities Pledge Agreement, dated as of December 7, 2001, between the Pledgor and Bank (the “Pledge Agreement”) are hereby ratified, reaffirmed and confirmed in all respects. The undersigned Pledgor hereby consents to the Amendment to which this Reaffirmation of Pledge Agreement is attached and acknowledges and agrees that the undersigned’s pledged Collateral is and shall remain as security for the full and prompt performance of the Liabilities (as defined in the Pledge Agreement) to the full extent provided in the Pledge Agreement, irrespective of the execution and delivery of this Amendment. TRANS-TEC SERVICES (UK) Ltd., a United Kingdom corporation /s/ XXXXXXX XXXXXX Xxxxxxx Xxxxxx, Director
Reaffirmation of Pledge Agreement. The Borrower acknowledges and agrees that the Pledge Agreement remains in full force and effect and continues to secure the obligations of the Borrower under the Credit Agreement, as amended hereby, and reaffirms and ratifies its obligations under the Pledge Agreement.
Reaffirmation of Pledge Agreement. 1. The Reaffirming Pledgor hereby: (a) consents to the Credit Agreement; and (b) reaffirms all of the obligations of the Reaffirming Pledgor under the Pledge Agreement.
Reaffirmation of Pledge Agreement. The Parent acknowledges that it has reviewed the Amendment and reaffirms that the Pledge Agreements shall continue in full force and effect in accordance with their respective terms notwithstanding the execution and delivery of the Amendment.
Reaffirmation of Pledge Agreement. Except as expressly set forth herein, the parties hereto agree and acknowledge that nothing contained in this Second Supplemental Indenture in any manner or respect limits or terminates any of the provisions of the Pledge Agreement and that the Pledge Agreement remains and continues in full force and effect and is hereby ratified and reaffirmed in all respects. All references to American Bank Note Holographics, Inc. and ABNH in the Pledge Agreement are hereby deleted.
Reaffirmation of Pledge Agreement. Pledgor hereby expressly:
Reaffirmation of Pledge Agreement. The Pledgor hereby reaffirms the security interest granted to the Bank in the Pledge Agreement and all of his respective obligations under the Pledge Agreement as heretofore modified and reaffirmed. The Pledgor acknowledges and agrees that as heretofore modified and reaffirmed, the Pledge Agreement is and shall continue to be in full force and effect and that, as of the date hereof, the Pledgor has no defenses, offsets or counterclaims to or against enforcement of the Pledge Agreement in accordance with its terms by Lender.
Reaffirmation of Pledge Agreement. The Borrowers shall execute and deliver to the Administrative Agent, for the benefit of the Banks, a reaffirmation of pledge agreement, substantially in the form of Exhibit D (herein, as the same may be amended or modified, called the "Reaffirmation of Pledge Agreement"), whereby each of the Borrowers shall reaffirm its obligations under the Pledge Agreement executed in connection with the Existing Credit Agreement covering, among other things, the pledge of all of the issued and outstanding common stock of Guarantor and/or PRIDES owned by each Borrower and purchased with proceeds of the Loans.
