Assumption, Ratification and Confirmation Sample Clauses

Assumption, Ratification and Confirmation. PMCULC Amalco hereby unconditionally assumes, and shall hereafter pay, perform and discharge, all Obligations of PMCULC and PMCLP under the Credit Agreement and the other Loan Documents, including any and all Obligations of PMCULC and/or PMCLP in its capacity as a Canadian Borrower under the Credit Agreement. PMCULC Amalco hereby ratifies and confirms each such Obligation and confirms that (i) any and all such Obligations constitute the legal, valid and binding obligations of PMCULC Amalco, enforceable in accordance with their terms except as such enforcement may be limited by bankruptcy, insolvency or similar Laws of general application relating to the enforcement of creditors’ rights and general principles of equity, and (ii) all rights of Lender Parties under the Loan Documents are preserved unimpaired by the Canadian Restructuring, and all Obligations of PMCULC and/or PMCLP under the Loan Documents are the Obligations of PMCULC Amalco and may be enforced against PMCULC Amalco to the same extent as if said Obligations had been incurred or contracted by PMCULC Amalco.
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Assumption, Ratification and Confirmation. Plains Midstream Canada hereby unconditionally assumes, and shall hereafter pay, perform and discharge, all Obligations of RPC under the Credit Agreement and the other Loan Documents, including any and all Obligations of RPC in its capacity as a Canadian Borrower under the Credit Agreement. Plains Midstream Canada hereby ratifies and confirms each such Obligation and confirms that (i) any and all such Obligations constitute the legal, valid and binding obligations of Plains Midstream Canada, enforceable in accordance with their terms except as such enforcement may be limited by bankruptcy, insolvency or similar Laws of general application relating to the enforcement of creditors’ rights and general principles of equity, and (ii) all rights of Lender Parties under the Loan Documents are preserved unimpaired by the Rangeland Transactions, and all Obligations of RPC under the Loan Documents attach to Plains Midstream Canada and may be enforced against Plains Midstream Canada to the same extent as if said Obligations had been incurred or contracted by Plains Midstream Canada.
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Assumption, Ratification and Confirmation. The Frontier Borrower hereby irrevocably assigns all of its rights, duties, liabilities and obligations as a Borrower under the Credit Agreement and the Assigned Loan Documents (as defined below) to Kodiak Corp (including, without limitation, the right to obtain Loans on the terms and subject to the conditions set forth in the Credit Agreement), and Kodiak Corp hereby irrevocably accepts such assignment from the Frontier Borrower and as of the date hereof (i) agrees to be bound by all of the terms, conditions and provisions of the Credit Agreement and the Assigned Loan Documents, (ii) assumes all of the rights, duties, liabilities and obligations of the Frontier Borrower under the Credit Agreement and the Assigned Loan Documents and (iii) promises to keep and perform all covenants, terms, provisions and agreements of the Frontier Borrower under the Credit Agreement and the Assigned Loan Documents. Kodiak Corp hereby expressly ratifies and confirms the Credit Agreement and the Assigned Loan Documents and hereby confirms that (x) the Credit Agreement and the Assigned Loan Documents constitute the legal, valid and binding obligations of Kodiak Corp enforceable in accordance with their terms, except as the enforceability thereof may be limited by bankruptcy, insolvency or similar laws affecting creditors’ rights generally, and the availability of equitable remedies may be limited by equitable principles of general application, and (y) all rights Exhibit 10.12
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Related to Assumption, Ratification and Confirmation

  • Adoption, Ratification and Confirmation The Original Indenture, as supplemented and amended by this Supplemental Indenture, is in all respects hereby adopted, ratified and confirmed.

  • Ratification and Confirmation Except as specifically amended herein, the Note Agreement shall remain in full force and effect, and is hereby ratified and confirmed.

  • Reaffirmation and Confirmation Borrower hereby ratifies, affirms, acknowledges and agrees that the Credit Agreement and the other Loan Documents to which it is a party represent the valid, enforceable and collectible obligations of Borrower, and further acknowledges that there are no existing claims, defenses, personal or otherwise, or rights of setoff whatsoever with respect to the Credit Agreement or any other Loan Document. Borrower hereby agrees that this Amendment in no way acts as a release or relinquishment of the Liens and rights securing payments of the Obligations. The Liens and rights securing payment of the Obligations are hereby ratified and confirmed by Borrower in all respects.

  • Ratification and Reaffirmation Each Borrower hereby ratifies and reaffirms the Obligations, each of the Loan Documents and all of such Borrower's covenants, duties, indebtedness and liabilities under the Loan Documents.

  • Ratification and Confirmation of Loan Documents The Borrower hereby consents, acknowledges and agrees to the amendments set forth herein and hereby confirms and ratifies in all respects the Loan Documents to which the Borrower is a party.

  • Acknowledgement and Confirmation Each party to this Amendment hereby confirms and agrees that, after giving effect to this Amendment and the amendments contemplated hereby, and except as expressly modified hereby, the Credit Agreement and the other Credit Documents to which it is a party remain in full force and effect and enforceable against such party in accordance with their respective terms and shall not be discharged, diminished, limited or otherwise affected in any respect.

  • Reaffirmation Each of the Credit Parties that is a party hereto, as debtor, grantor, pledgor, guarantor, assignor, or in other any other similar capacity in which such Credit Party grants liens or security interests in its property or otherwise acts as accommodation party or guarantor, as the case may be, hereby (i) ratifies and reaffirms all of its payment and performance obligations, contingent or otherwise, under each of the Financing Documents to which it is a party (after giving effect hereto) and (ii) to the extent such Credit Party granted liens on or security interests in any of its property pursuant to any such Financing Document as security for or otherwise guaranteed the Borrowers’ Obligations under or with respect to the Financing Documents, ratifies and reaffirms such guarantee and grant of security interests and liens and confirms and agrees that such security interests and liens hereafter secure all of the Obligations as amended hereby. Each of the Credit Parties hereby consents to this Amendment and acknowledges that each of the Financing Documents remains in full force and effect and is hereby ratified and reaffirmed, subject to the amendments, consents and waivers set forth herein. The execution of this Amendment shall not operate as a waiver of any right, power or remedy of the Agent or Lenders or constitute a waiver of any provision of any of the Financing Documents (except as expressly set forth herein) or serve to effect a novation of the Obligations.

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