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

Reaffirmation of Security Interests and Guaranty. (a) Each Loan Party hereby expressly acknowledges the terms of this Amendment and reaffirms, as of the date hereof, (i) the covenants and agreements contained in each Loan Document to which it is a party, including, in each case, such covenants and agreements as in effect immediately after giving effect to this Amendment and the transactions contemplated hereby, (ii) its guarantee of the Obligations under the Guarantee and (iii) its grant of Liens on its Collateral to the Administrative Agent for the benefit of the Lenders to secure the prompt payment and performance in full when due of the Obligations pursuant to the Collateral Documents. (b) Each Loan Party acknowledges and agrees that each of the Loan Documents to which it is a party or otherwise bound shall continue in full force and effect as amended on the date hereof and that all of its obligations thereunder shall be valid and enforceable and shall not be impaired or limited by the execution or effectiveness of this Amendment. On and after the Amendment No. 2 Effective Date, the parties hereto confirm and acknowledge that, unless the context otherwise requires, (i) each reference in each Loan Documents to “Credit Agreement”, “thereunder”, “thereof” or words of like import shall be a reference to the Credit Agreement as amended by this Amendment, and as the same may be otherwise amended, amended and restated, modified or supplemented and in effect from time to time, and (ii) the definition of any term defined in any Loan Document by reference to the terms defined in the “Credit Agreement” shall reference the defined terms in the Credit Agreement as amended by this Amendment, as the same may be otherwise amended, amended and restated, modified or supplemented and in effect from time to time.

Appears in 2 contracts

Samples: Credit Agreement (Green Plains Inc.), Credit Agreement (Green Plains Partners LP)

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Reaffirmation of Security Interests and Guaranty. (a) Each Loan Party hereby expressly acknowledges the terms of this Amendment and reaffirms, as of the date hereof, (i) the covenants and agreements contained in each Loan Document to which it is a party, including, in each case, such covenants and agreements as in effect immediately after giving effect to this Amendment and the transactions contemplated hereby, (ii) its guarantee of the Obligations under the Guarantee and (iii) its grant of Liens on its Collateral to the Administrative Agent for the benefit of the Lenders to secure the prompt payment and performance in full when due of the Obligations pursuant to the Collateral Documents. (b) Each Loan Party acknowledges and agrees that each of the Loan Documents to which it is a party or otherwise bound shall continue in full force and effect as amended on the date hereof and that all of its obligations thereunder shall be valid and enforceable and shall not be impaired or limited by the execution or effectiveness of this Amendment. On and after the Amendment No. 2 3 Effective Date, the parties hereto confirm and acknowledge that, unless the context otherwise requires, (i) each reference in each Loan Documents to “Credit Agreement”, “thereunder”, “thereof” or words of like import shall be a reference to the Existing Credit Agreement as amended by this Amendment, and as the same may be otherwise amended, amended and restated, modified or supplemented and in effect from time to time, and (ii) the definition of any term defined in any Loan Document by reference to the terms defined in the “Credit Agreement” shall reference the defined terms in the Existing Credit Agreement as amended by this Amendment, as the same may be otherwise amended, amended and restated, modified or supplemented and in effect from time to time.

Appears in 2 contracts

Samples: Credit Agreement (Green Plains Inc.), Credit Agreement (Green Plains Partners LP)

Reaffirmation of Security Interests and Guaranty. (a) Each Loan Party hereby expressly acknowledges the terms of this Amendment and reaffirms, as of the date hereof, (i) the covenants and agreements contained in each Loan Document to which it is a party, including, in each case, such covenants and agreements as in effect immediately after giving effect to this Amendment and the transactions contemplated hereby, (ii) its guarantee of the Obligations under the Guarantee Subsidiary Guaranty and (iii) its grant of Liens on its the Collateral to the Administrative Collateral Agent for the benefit of the Lenders to secure the prompt payment and performance in full when due of the Obligations pursuant to the Collateral Documents. (b) Each Loan Party acknowledges and agrees that each of the Loan Documents to which it is a party or otherwise bound shall continue in full force and effect as amended on the date hereof and that all of its obligations thereunder shall be valid and enforceable and shall not be impaired or limited by the execution or effectiveness of this Amendment. On and after the Second Amendment No. 2 Effective Date, the parties hereto confirm and acknowledge that, with respect to each Loan Document not amended or modified restated in connection with the Second Amendment that unless the context otherwise requires, requires (i) each reference in each such Loan Documents to “Credit Agreement”, “thereunder”, “thereof” or words of like import shall be a reference to the Credit Agreement as amended by this the Second Amendment, and as the same such agreement may be otherwise amended, amended and restated, modified or supplemented and in effect from time to time, time and (ii) the definition of any term defined in any such Loan Document by reference to the terms defined in the “Credit Agreement” shall reference the defined terms in the Credit Agreement Agreement, as amended by this Amendmenthereby, as the same may be otherwise amended, amended and restated, modified or supplemented and in effect from time to time.

Appears in 1 contract

Samples: Credit Agreement (Zekelman Industries, Inc.)

Reaffirmation of Security Interests and Guaranty. (a) Each Loan Party hereby expressly acknowledges the terms of this Amendment and reaffirms, as of the date hereof, (i) the covenants and agreements contained in each Loan Document to which it is a party, including, in each case, such covenants and agreements as in effect immediately after giving effect to this Amendment and the transactions contemplated hereby, (ii) its guarantee of the Obligations under the Guarantee Subsidiary Guaranty and (iii) its grant of Liens on its the Collateral to the Administrative Collateral Agent for the benefit of the Lenders to secure the prompt payment and performance in full when due of the Obligations pursuant to the Collateral Documents. (b) Each Loan Party acknowledges and agrees that each of the Loan Documents to which it is a party or otherwise bound shall continue in full force and effect as amended on the date hereof and that all of its obligations thereunder shall be valid and enforceable and shall not be impaired or limited by the execution or effectiveness of this Amendment. On and after the Third Amendment No. 2 Effective Date, the parties hereto confirm and acknowledge that, with respect to each Loan Document not amended or modified restated in connection with the Third Amendment that unless the context otherwise requires, requires (i) each reference in each such Loan Documents to “Credit Agreement”, “thereunder”, “thereof” or words of like import shall be a reference to the Credit Agreement as amended by this the Third Amendment, and as the same such agreement may be otherwise amended, amended and restated, modified or supplemented and in effect from time to time, time and (ii) the definition of any term defined in any such Loan Document by reference to the terms defined in the “Credit Agreement” shall reference the defined terms in the Credit Agreement Agreement, as amended by this Amendmenthereby, as the same may be otherwise amended, amended and restated, modified or supplemented and in effect from time to time.

Appears in 1 contract

Samples: Credit Agreement (Zekelman Industries, Inc.)

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Reaffirmation of Security Interests and Guaranty. (a) Each Loan Party hereby expressly acknowledges the terms of this Amendment and reaffirms, as of the date hereof, (i) the covenants and agreements contained in each Loan Document to which it is a party, including, in each case, such covenants and agreements as in effect immediately after giving effect to this Amendment and the transactions contemplated hereby, (ii) its guarantee of the Obligations under the Guarantee Subsidiary Guaranty and (iii) its grant of Liens on its the Collateral to the Administrative Collateral Agent for the benefit of the Lenders to secure the prompt payment and performance in full when due of the Obligations pursuant to the Collateral Documents. (b) Each Loan Party acknowledges and agrees that each of the Loan Documents to which it is a party or otherwise bound shall continue in full force and effect as amended on the date hereof and that all of its obligations thereunder shall be valid and enforceable and shall not be impaired or limited by the execution or effectiveness of this Amendment. On and after the First Amendment No. 2 Effective Date, the parties hereto confirm and acknowledge that, with respect to each Loan Document not amended or modified restated in connection with the First Amendment that unless the context otherwise requires, requires (i) each reference in each such Loan Documents to “Credit Agreement”, “thereunder”, “thereofor words of like import shall be a reference to the Credit Agreement as amended by this the First Amendment, and as the same such agreement may be otherwise amended, amended and restated, modified or supplemented and in effect from time to time, time and (ii) the definition of any term defined in any such Loan Document by reference to the terms defined in the “Credit Agreement” shall reference the defined terms in the Credit Agreement Agreement, as amended by this Amendmenthereby, as the same may be otherwise amended, amended and restated, modified or supplemented and in effect from time to time.

Appears in 1 contract

Samples: Credit Agreement (Zekelman Industries, Inc.)

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