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. 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.
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 a. Borrower and Alex-Lex hereby represent and warrant to Lender as follows:
i. Borrower owns a 1.0% interest (843.50 Units) as a limited partner in 59th Xxxxxx Xxxer (the "ALEX LIMITED PARTNER INTEREST").
ii. Alex-Lex owns a 49.0% interest (41,331.50 Units) as a general partner in 59th Xxxxxx Xxxer (the "ALEX-LEX GENERAL PARTNER INTEREST") and a 50.0% interest (42,175 Units) as a limited partner in 59th Xxxxxx Xxxer (the "ALEX-LEX LIMITED PARTNER INTEREST").
iii. The Alex Limited Partner Interest, the Alex-Lex General Partner Interest and the Alex-Lex Limited Partner Interest constitute in the aggregate one hundred percent (100%) of the partnership and equity interests in 59th Xxxxxx Xxxer, including, without limitation, all of the interest of the general partners and limited partners in 59th Xxxxxx Xxxer.
iv. Borrower continues to own all of the issued and outstanding capital stock of the Guarantors and Lender has a first priority and perfected security interest therein.
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:
(a) consents to the execution by Borrower and Lender of the Fourth Amendment to Loan Agreement and the other agreements, documents and instruments executed and delivered in connection therewith;
(b) acknowledges that the Liabilities (as defined in the Pledge Agreement) secured by the Pledge Agreement include all of the obligations and liabilities owing from time to time by Borrower to Lender, including, without limitation, under and pursuant to the Loan Agreement;
(c) acknowledges that all references in the Pledge Agreement to the term “Loan Agreement” means the Loan and Security Agreement dated as of March 31, 2009, as amended by that certain First Amendment to Loan and Security Agreement dated as of September 23, 2009, that certain Second Amendment to Loan and Security Agreement dated as of June 18, 2010, that certain Third Amendment to Loan and Security Agreement dated as of June 30, 2011, and that certain Fourth Amendment to Loan and Security Agreement of even date herewith, each by and between Lender and Borrower as further amended or restated from time to time;
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. Each Pledgor hereby confirms and agree that each Pledge Agreement, dated as of January 31, 1998, that each Pledgor is a party to, as heretofore reaffirmed from time to time, is and shall continue to be in full force and effect and is hereby ratified and confirmed, in all respects, as applied to the Credit Agreement as modified above.
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.
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.
2. The Reaffirming Pledgor hereby represents and warrants to the Lenders that the representations and warranties of Reaffirming Pledgor set forth in the Pledge Agreement are true and correct in all material respects with the same effect as if made on the date of this Reaffirmation.
3. The Reaffirming Pledgor hereby acknowledges and agrees that (a) the Pledge Agreement shall continue in full force and effect and is hereby ratified and confirmed; (b) the Reaffirming Pledgor as of the date hereof has no defenses, off-sets or counterclaims to or against enforcement of the Pledge Agreement by the Administrative Agent in accordance with its terms; and (c) none of the agreements contained in the Credit Agreement or any other document or instrument executed in connection therewith will limit, impair or otherwise affect any of the Reaffirming Pledgor's agreements, undertakings or obligations under the Pledge Agreement.
4. To secure the payment and performance of the Obligations, and ratifying, confirming and supplementing Reaffirming Pledgor's prior pledges of and grants of security interests in and Liens on the Pledged Collateral heretofore pledged and granted pursuant to the Pledge Agreement, Reaffirming Pledgor hereby, subject to the terms and conditions of the Pledge Agreement, pledges to and grants to the Administrative Agent, for its benefit and the ratable benefit of each other Secured Party, a security interest in and Lien on, and acknowledges and agrees that the Administrative Agent, for its benefit and the ratable benefit of each other Secured Party, has and shall continue to have a pledge of and a continuing security interest in and Lien on, any and all right, title and interest of Reaffirming Pledgor, whether now existing or hereafter acquired or arising, in and to all of the Pledged Collateral of Reaffirming Pledgor, as security for the prompt payment and performance of all Secured Obligations.
