Examples of Reaffirming Parties in a sentence
Each of the Reaffirming Parties further agrees to take any action that may be required or that is reasonably requested by the Administrative Agent to ensure compliance by Holdings and the Borrowers with Section 5.10 of the Amended Credit Agreement and hereby reaffirms its obligations under each similar provision of each Security Document to which it is party.
The governing law, submission to jurisdiction, waiver of venue, service of process and waiver of jury trial provisions set forth in Sections 10.14 and 10.15 of the Credit Agreement are hereby incorporated herein mutatis mutandis with all references to the “Agreement” therein being deemed references to this Ratification Agreement and all references to the “Borrower” therein being deemed references to the Reaffirming Parties.
Each of the Reaffirming Parties further agrees to take any action that may be required or that is reasonably requested by the Agent to ensure compliance by Borrower with Subparagraph 2.15(c) of the Restated Credit Agreement and hereby reaffirms its obligations under each similar provision of each Security Document to which it is party.
Each of the undersigned Reaffirming Parties further confirms that each Loan Document to which it is a party is and shall continue to be in full force and effect and the same are hereby ratified and confirmed in all respects.
Holdings hereby represents and warrants as of the date hereof that the Reaffirming Parties hereto constitute all of the Grantors under the Credit Agreement and the First Lien Intercreditor Agreement existing immediately prior to the date hereof.
Each of the Reaffirming Parties further agrees to take any action that may be required or that is reasonably requested by the Administrative Agent to ensure compliance by Holdings and the Borrower with Sections 5.12 and 5.13 of the Restated Credit Agreement to the extent such covenant pertains to such Reaffirming Party and hereby reaffirms its obligations under each similar provision of each Reaffirmed Document to which it is party.
Each of the Reaffirming Parties further agrees to take any action that may be required or that is reasonably requested by the Administrative Agent to ensure compliance by Holdings, Intermediate Holdings and the Borrowers with Section 5.10 of the Amended Credit Agreement and hereby reaffirms its obligations under each similar provision of each Security Document to which it is party.
Each of the Reaffirming Parties is party to one or more of the Security Documents referred to in the Credit Agreement, and each Reaffirming Party expects to realize, or has realized, substantial direct and indirect benefits as a result of the Restated Credit Agreement becoming effective and the consummation of the transactions contemplated thereby.
Each of the Reaffirming Parties hereby further ratifies and confirms that each of the Existing Security Documents (each as amended hereby) to which it is a party and the pledges and security interests created thereby secure such Reaffirming Party’s obligations under the Credit Agreement.
This Reaffirmation shall become effective on the date when (i) copies hereof which, when taken together, bear the signatures of each of the Reaffirming Parties and the Collateral Agent have been received by the Administrative Agent (or its counsel) and (ii) the First Amendment has become effective in accordance with its terms.