Common use of Validity of Liens and Loan Documents Clause in Contracts

Validity of Liens and Loan Documents. Each of the Borrower and the Parent hereby ratifies and reaffirms the validity and enforceability of the Liens and security interests granted to the Agent for the benefit of the Secured Parties to secure any of the Obligations (including after giving effect to this Agreement) by the Borrower and the Parent pursuant to the Loan Documents. Each of the Borrower and the Parent hereby consents to this Agreement and the amendments effectuated hereby, and hereby confirms and agrees that notwithstanding the effectiveness of this Agreement and except as expressly amended by this Agreement, each of the Loan Document to which such Person is a party is, and shall continue to be, in full force and effect and each is hereby ratified and confirmed in all respects, except that, on and after the Effective Date, each reference in the Loan Documents to the “Credit Agreement”, “thereunder” (with respect to the Credit Agreement), “thereof” (with respect to the Credit Agreement) (and each reference in the Credit Agreement to this “Agreement”, “hereunder” or “hereof”) or words of like import shall mean and be a reference to the Credit Agreement as amended by, and after giving effect to, this Agreement.

Validity of Liens and Loan Documents. Each of the Borrower and Enterasys hereby agrees and confirms that the Parent Credit Agreement and each other Loan Document constitutes a legal, valid, and binding obligation of the Borrower and Enterasys, in each case, to the extent party to such Loan Document, enforceable against the Borrower and Enterasys in accordance with its terms. Each of the Borrower and Enterasys hereby ratifies and reaffirms the validity and enforceability (without defense, counterclaim or offset of any kind) of the Liens and security interests granted to the Administrative Agent for the benefit of the Secured Parties to secure any of the Obligations (including after giving effect to this Agreement) by the Borrower and the Parent or Enterasys pursuant to the Loan Documents. Each Documents to which any of the Borrower and the Parent hereby consents to this Agreement and the amendments effectuated hereby, or Enterasys is a party and hereby confirms and agrees that notwithstanding the effectiveness of this Agreement Agreement, and except as expressly amended by this Agreement, each of the such Loan Document to which such Person is a party is, and shall continue to be, in full force and effect and each is hereby ratified and confirmed in all respects, except that, on and after the Effective Dateeffectiveness of this Agreement, each reference in the Loan Documents to the “Credit Agreement”, “thereunder” (with respect to the Credit Agreement)”, “thereof” (with respect to the Credit Agreement) (and each reference in the Credit Agreement to this “Agreement”, “hereunder” or “hereof”) or words of like import shall mean and be a reference to the Credit Agreement as amended by, and after giving effect to, by this Agreement.

Validity of Liens and Loan Documents. Each of Holdings, the Borrower and the Parent each other Loan Party hereby ratifies and reaffirms the validity and enforceability (without defense, counterclaim or offset of any kind) of the Liens and security interests granted to the Administrative Agent for the benefit of the Secured Parties to secure any of the Obligations (including after giving effect to this Agreement) by Holdings, the Borrower and the Parent or any other Loan Party pursuant to the Loan Documents. Each Documents to which any of Holdings, the Borrower and the Parent hereby consents to this Agreement and the amendments effectuated hereby, or any other Loan Party is a party and hereby confirms and agrees that notwithstanding the effectiveness of this Agreement Amendment, and except as expressly amended by this AgreementAmendment, each of the such Loan Document to which such Person is a party is, and shall continue to be, in full force and effect and each is hereby ratified and confirmed in all respects, except that, on and after the Effective Dateeffectiveness of this Amendment, each reference in the Loan Documents to the “Credit Agreement”, “thereunder” (with respect to the Credit Agreement)”, “thereof” (with respect to the Credit Agreement) (and each reference in the Credit Agreement to this “Agreement”, “hereunder” or “hereof”) or words of like import shall mean and be a reference to the Credit Agreement as amended by, and after giving effect to, by this Amendment. This Amendment shall constitute a “Loan Document” for purposes of the Credit Agreement.