Examples of Existing Obligations in a sentence
This Agreement is in no way intended to constitute a novation of the Existing Credit Agreement or the Existing Obligations.
Such Existing Obligations, together with any and all additional Obligations incurred by Borrowers under this Agreement or under any of the other Loan Documents, shall continue to be secured by, among other things, the Collateral, whether now existing or hereafter acquired and wheresoever located, all as more specifically set forth in the Loan Documents.
This Agreement is in no way intended to constitute a novation of the Original Credit Agreement or the Existing Obligations.
Each consent and each waiver contained in this Guaranty shall survive the revocation or termination hereof with respect to all Existing Obligations and Lender shall continue to have the right to rely upon all such consents and all such waivers with respect to all Existing Obligations (including but not limited to all renewals, extensions and material modifications thereof subsequent to the date of revocation) as though no revocation or termination had occurred.
The Existing Obligations shall continue in full force and effect, as amended hereby, and the effectiveness of this Agreement on the Closing Date shall not constitute a novation or repayment of the Existing Obligations.