Common use of Amendment Only Clause in Contracts

Amendment Only. This Amendment is only an agreement amending certain provisions of the Financing Agreement. All of the provisions of the Financing Agreement are incorporated herein by reference and shall continue in full force and effect as amended by this Amendment. The Borrower hereby ratifies and confirms all of its obligations, liabilities and indebtedness under the provisions of the Financing Agreement as amended by this Amendment. The Lender and the Borrower agree it is their intention that nothing herein shall be construed to extinguish, release or discharge or constitute, create or effect a novation of, or an agreement to extinguish, any of the obligations, indebtedness and liabilities of the Borrower or any other party under the provisions of the Financing Agreement or under any of the other Financing Documents, or any assignment or pledge to the Lender of, or any security interest or lien granted to the Lender in or on, any collateral and security for such obligations, indebtedness and liabilities.

Appears in 1 contract

Sources: Financing and Security Agreement (Optelecom-Nkf, Inc.)

Amendment Only. This Amendment is only an agreement amending certain provisions of the Financing Agreement. All of the provisions of the Financing Agreement are incorporated herein by reference and shall continue in full force and effect as amended by this Amendment. The Borrower Obligors hereby ratifies ratify and confirms confirm all of its obligations, liabilities and indebtedness under the provisions of the Financing Agreement as amended by this Amendment. The Lender and the Borrower Obligors agree it is their intention that nothing herein shall be construed to extinguish, release or discharge or constitute, create or effect a novation of, or an agreement to extinguish, any of the obligations, indebtedness and liabilities of the Borrower Obligors or any other party under the provisions of the Financing Agreement or under any of the other Financing Documents, or any assignment or pledge to the Lender of, or any security interest or lien granted to the Lender in or on, any collateral and security for such obligations, indebtedness and liabilities.

Appears in 1 contract

Sources: Financing and Security Agreement (Optelecom-Nkf, Inc.)