Reaffirmation of Obligations Clause Example with 33 Variations from Business Contracts

This page contains Reaffirmation of Obligations clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Reaffirmation of Obligations. Borrower hereby reaffirms its obligations under each Loan Document to which it is a party. Borrower hereby further ratifies and reaffirms the validity and enforceability of all of the liens and security interests heretofore granted, pursuant to and in connection with any Loan Document to Collateral Agent, on behalf and for the benefit of each Lender and Bank Product Provider, as collateral security for the obligations under the Loan Documents in accordance with their respective terms, and acknow...ledges that all of such liens and security interests, and all collateral heretofore pledged as security for such obligations, continues to be and remain collateral for such obligations from and after the date hereof. View More

Variations of a "Reaffirmation of Obligations" Clause from Business Contracts

Reaffirmation of Obligations. Each Borrower hereby (a) acknowledges and reaffirms its obligations owing to Agent, each member of the Lender Group, and the Bank Product Providers under each Loan Document to which it is a party. party, and (b) agrees that each of the Loan Documents to which it is a party is and shall remain in full force and effect. Each Borrower hereby acknowledges and reaffirms its obligations under Section 6 of the Second Amendment (i) to cooperate with Agent to provide Agent with updated reporting relative... to Food Product Payables and other priority payables on or prior to July 24, 2017, and (ii) to pay each portion of the Second Amendment Fee on the date due and payable pursuant to the terms of Section 9 of the Second Amendment. Each Borrower hereby (i) further ratifies and reaffirms the validity and enforceability of all of the liens Liens and security interests heretofore granted, pursuant to and in connection with the Guaranty and Security Agreement or any other Loan Document to Collateral Agent, on behalf and for the benefit of each member of the Lender Group and each Bank Product Provider, as collateral security for the obligations under the Loan Documents in accordance with their respective terms, and (ii) acknowledges that all of such liens Liens and security interests, and all collateral Collateral heretofore pledged as security for such obligations, continues continue to be and remain collateral for such obligations from and after the date hereof. hereof (including, without limitation, from after giving effect to this Third Amendment and Limited Waiver). View More
Reaffirmation of Obligations. Each of Parent and Borrower hereby (a) acknowledges and reaffirms its obligations owing to Agent, the Bank Product Providers, and each other member of the Lender Group under each Loan Document to which it is a party. party, and (b) agrees that each of the Loan Documents to which it is a party is and shall remain in full force and effect. Each of Parent and Borrower hereby (i) further ratifies and reaffirms the validity and enforceability of all of the liens Liens and security interests heretofor...e granted, pursuant to and in connection with the Guaranty and Security Agreement or any other Loan Document Document, to Collateral Agent, on behalf and for the benefit of each the Lender Group and the Bank Product Provider, Providers, as collateral security for the obligations under the Loan Documents in accordance with their respective terms, and (ii) acknowledges that all of such liens Liens and security interests, and all collateral Collateral heretofore pledged as security for such obligations, continues continue to be and remain collateral for such obligations from and after the date hereof. hereof (including, without limitation, from after giving effect to this Amendment). Each Guarantor hereby reaffirms, acknowledges, agrees and confirms that it has granted a perfected security interest in the Collateral pursuant to and in connection with the Guaranty and Security Agreement to Agent in order to secure all of its present and future Guarantied Obligations (as defined in the Guaranty and Security Agreement). 5 14. RATIFICATION. Each of Parent and Borrower hereby restates, ratifies and reaffirms each and every term and condition set forth in the Agreement and the Loan Documents effective as of the date hereof and as amended hereby. All Obligations (including the Guarantied Obligations, as applicable) owing by each of Parent and Borrower are unconditionally owing by Parent and Borrower, as applicable, to Agent and the Lenders, without offset, defense, withholding, counterclaim or deduction of any kind, nature or description whatsoever. View More
Reaffirmation of Obligations. Borrower Each Loan Party hereby restates, ratifies and reaffirms its obligations under each Loan Document to which it is a party. Borrower party, effective as of the date hereof and amended hereby. Each Loan Party hereby further ratifies and reaffirms the validity and enforceability of all of the liens and security interests Liens heretofore granted, pursuant to and in connection with the Guarantee and Collateral Agreement or any other Loan Document to Collateral Agent, the Administrative Agent ...on behalf and for the benefit of each Lender the Lenders and Bank Product Provider, the Issuing Lender, as collateral security for the obligations under the Loan Documents in accordance with their respective terms, and acknowledges that all of such liens and security interests, Liens, and all collateral heretofore pledged as security for such obligations, continues to be and remain collateral for such obligations from and after the date hereof. -14- 13. Severability. In case any provision in this Amendment shall be invalid, illegal or unenforceable, such provision shall be severable from the remainder of this Amendment and the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. View More
Reaffirmation of Obligations. Borrower Each Loan Party hereby (a) acknowledges and reaffirms its obligations owing to Agent and each Lender under each Loan Document to which it is a party. Borrower party (including, in respect of Parent, its Guaranty of the Obligations), and (b) agrees that each of the Loan Documents to which it is a party is and shall remain in full force and effect. Each Loan Party hereby (i) further ratifies and reaffirms the validity and enforceability of all of the liens Liens and security interests her...etofore granted, pursuant to and in connection with the Security Agreement or any other Loan Document to Collateral Agent, on behalf and for the benefit of each Lender and Bank Product Provider, Lender, as collateral security for the obligations under the Loan Documents in accordance with their respective terms, and (ii) acknowledges that all of such liens Liens and security interests, and all collateral Collateral heretofore pledged as security for such obligations, continues continue to be and remain collateral for such obligations from and after the date hereof. hereof (including, without limitation, from after giving effect to this Amendment). 4 15. Severability. In case any provision in this Amendment shall be invalid, illegal or unenforceable, such provision shall be severable from the remainder of this Amendment and the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. View More
Reaffirmation of Obligations. Borrower Each Loan Party hereby (a) acknowledges and reaffirms its obligations owing to Agent and each Lender under each Loan Document to which it is a party. Borrower party (including, in respect of Parent, its Guaranty of the Obligations), and (b) agrees that each of the Loan Documents to which it is a party is and shall remain in full force and effect. Each Loan Party hereby (i) further ratifies and reaffirms the validity and enforceability of all of the liens Liens and security interests her...etofore granted, pursuant to and in connection with the Security Agreement or any other Loan Document to Collateral Agent, on behalf and for the benefit of each Lender and Bank Product Provider, Lender, as collateral security for the obligations under the Loan Documents in accordance with their respective terms, and (ii) acknowledges that all of such liens Liens and security interests, and all collateral Collateral heretofore pledged as security for such obligations, continues continue to be and remain collateral for such obligations from and after the date hereof. hereof (including, without limitation, from after giving effect to this Amendment). 4 16. Severability. In case any provision in this Amendment shall be invalid, illegal or unenforceable, such provision shall be severable from the remainder of this Amendment and the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. View More
Reaffirmation of Obligations. The Borrower hereby restates, ratifies and reaffirms its obligations under each and every term and condition set forth in the Credit Agreement and the other Loan Document Documents to which it is a party. party effective as of the date hereof and as amended hereby. The Borrower hereby further ratifies and reaffirms the validity and enforceability of all of the liens and security interests in the Collateral heretofore granted, pursuant to and in connection with any Loan Document to Collateral Age...nt, on behalf and for the benefit of each Lender and Bank Product Provider, Agent as collateral security for the obligations under the Loan Documents in accordance with their respective terms, and acknowledges that all of such liens and security interests, and all collateral Collateral heretofore pledged as security for such obligations, continues to be and remain collateral for such obligations from and after the date hereof. hereof, in each case except as otherwise expressly provided in the Loan Documents. 5 12. Severability. In case any provision in this Amendment shall be invalid, illegal or unenforceable, such provision shall be severable from the remainder of this Amendment and the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. View More
Reaffirmation of Obligations. Borrower Each Loan Party hereby reaffirms its obligations under each Loan Document to which it is a party. Borrower Each Loan Party hereby further ratifies and reaffirms the validity and enforceability of all of the liens Liens and security interests heretofore granted, pursuant to and in connection with the Guaranty and Security Agreement, the Aircraft and Engine Security Agreement, or any other Loan Document Document, to Collateral Agent, on behalf and for the benefit of each Lender and Bank P...roduct Provider, as collateral security for the obligations under the Loan Documents in accordance with their respective terms, and acknowledges that all of such liens Liens and security interests, and all collateral 6 heretofore pledged as security for such obligations, continues continue to be and remain collateral for such obligations from and after the date hereof. Each Loan Party hereby further does grant to Agent, for the benefit of each member of the Lender Group and the Bank Product Providers, a perfected security interest in the Collateral (as defined in the Guaranty and Security Agreement), the Collateral (as defined in the Aircraft and Engine Security Agreement), and the Collateral (as defined in the Spare Parts Security Agreement) in order to secure all of its present and future obligations under the Loan Documents. View More
Reaffirmation of Obligations. Borrower Each Loan Party hereby reaffirms its obligations under each Loan Document to which it is a party. Borrower Each Loan Party hereby further ratifies and reaffirms the validity and enforceability of all of the liens Liens and security interests heretofore granted, pursuant to and in connection with the Guaranty and Security Agreement, the Aircraft and Engine Security Agreement, or any other Loan Document Document, to Collateral Agent, on behalf and for the benefit of each Lender and Bank P...roduct Provider, as collateral security for the obligations under the Loan Documents in accordance with their respective terms, and acknowledges that all of such liens Liens and security interests, and all collateral heretofore pledged as security for such obligations, continues continue to be and remain collateral for such obligations from and after the date hereof. Each Loan Party hereby further does grant to Agent, for the benefit of each member of the Lender Group and the Bank Product Providers, a perfected security interest in the Collateral (as defined in the Guaranty and Security Agreement), the Collateral (as defined in the Aircraft and Engine Security Agreement), and the Collateral (as defined in the Spare Parts Security Agreement) in order to secure all of its present and future obligations under the Loan Documents. View More
Reaffirmation of Obligations. Borrower Each Loan Party hereby reaffirms its obligations under each Loan Document to which it is a party. Borrower Each Loan Party hereby further ratifies and reaffirms the validity and enforceability of all of the liens Liens and security interests heretofore granted, pursuant to and in connection with the Guaranty and Security Agreement, the Aircraft and Engine Security Agreement, or any other Loan Document Document, to Collateral Agent, on behalf and for the benefit of each Lender and Bank P...roduct Provider, as collateral security for the obligations under the Loan Documents in accordance with their respective terms, and acknowledges that all of such liens Liens and security interests, and all collateral heretofore pledged as security for such obligations, continues continue to be and remain collateral for such obligations from and after the date hereof. Each Loan Party hereby further does grant to Agent, for the benefit of each member of the Lender Group and the Bank Product Providers, a perfected security interest in the Collateral (as defined in the Guaranty and Security Agreement) and the Collateral (as defined in the Aircraft and Engine Security Agreement) in order to secure all of its present and future obligations under the Loan Documents. View More
Reaffirmation of Obligations. Each Borrower hereby (a) acknowledges and reaffirms its obligations owing to Agent, each member of the Lender Group, and the Bank Product Providers under each Loan Document to which it is a party. party, and (b) agrees that each of the Loan Documents to which it is a party is and shall remain in full force and effect. Each Borrower hereby (i) further ratifies and reaffirms the validity and enforceability of all of the liens Liens and security interests heretofore granted, pursuant to and in conn...ection with the Guaranty and Security Agreement or any other Loan Document to Collateral Agent, on behalf and for the benefit of each member of the Lender Group and each Bank Product Provider, as collateral security for the obligations under the Loan Documents in accordance with their respective terms, and (ii) acknowledges that all of such liens Liens and security interests, and all collateral Collateral heretofore pledged as security for such obligations, continues continue to be and remain collateral for such obligations from and after the date hereof. hereof (including, without limitation, from after giving effect to this Fourth Amendment and Limited Waiver). 10 19. Ratification. Each Borrower hereby restates, ratifies and reaffirms each and every term and condition set forth in the Credit Agreement and the Loan Documents effective as of the date hereof and as modified hereby. View More