Common use of Confirmation and Undertaking Clause in Contracts

Confirmation and Undertaking. 5.1 The Borrower confirms that all of its respective obligations under or pursuant to each of the Security Documents to which it is a party remain in full force and effect, despite the amendments to the Loan Agreement made in this Supplemental Agreement, as if all references in any of the Security Documents to the Loan Agreement (however described) were references to the Loan Agreement as amended and supplemented by this Supplemental Agreement. 5.2 The definition of any term defined in any of the Security Documents shall, to the extent necessary, be modified to reflect the amendments to the Loan Agreement made in this Supplemental Agreement.

Appears in 1 contract

Sources: Supplemental Agreement to Secured Loan Facility Agreement (Top Ships Inc.)

Confirmation and Undertaking. 5.1 The Borrower confirms that all of its respective obligations under or pursuant to each of the Security Finance Documents to which it is a party remain in full force and effect, despite the amendments to the Loan Agreement and the Security Documents made in this Supplemental Agreement, as if all references in any of the Security Finance Documents to the Loan Agreement (however described) were references to the Loan Agreement as amended and supplemented by this Supplemental Agreement. 5.2 The definition of any term defined in any of the Security Finance Documents shall, to the extent necessary, be modified to reflect the amendments to the Loan Agreement made in this Supplemental Agreement.

Appears in 1 contract

Sources: Secured Loan Facility Agreement (DryShips Inc.)

Confirmation and Undertaking. 5.1 The Borrower confirms that all of its respective obligations under or pursuant to each of the Security Documents to which it is a party remain in full force and effect, despite the amendments to the Loan Agreement made in this Second Supplemental Agreement, as if all references in any of the Security Documents to the Loan Agreement (however described) were references to the Loan Agreement as amended and supplemented by this Second Supplemental Agreement. 5.2 The definition of any term defined in any of the Security Documents shall, to the extent necessary, be modified to reflect the amendments to the Loan Agreement made in this Second Supplemental Agreement.

Appears in 1 contract

Sources: Secured Loan Facility Agreement (Top Ships Inc.)

Confirmation and Undertaking. 5.1 The Borrower Each of the Security Parties confirms that all of its respective obligations under or pursuant to each of the Security Documents to which it is a party remain in full force and effect, despite the amendments to the Original Loan Agreement made in this Second Supplemental Agreement, as if all references in any of the Security Documents to the Original Loan Agreement (however described) were references to the Original Loan Agreement as amended and supplemented by this Second Supplemental Agreement. 5.2 The definition of any term defined in any of the Security Documents shall, to the extent necessary, be modified to reflect the amendments to the Original Loan Agreement made in this Second Supplemental Agreement.

Appears in 1 contract

Sources: Secured Loan Facility Agreement (DryShips Inc.)

Confirmation and Undertaking. 5.1 The Borrower confirms that all of its respective obligations under or pursuant to each of the Security Documents to which it is a party remain in full force and effect, despite the amendments to the Loan Original Facility Agreement made in this Second Supplemental Agreement, as if all references in any of the Security Documents to the Loan Original Facility Agreement (however described) were references to the Loan Original Facility Agreement as amended and supplemented by this Second Supplemental Agreement. 5.2 The definition of any term defined in any of the Security Finance Documents shall, to the extent necessary, be modified to reflect the amendments to the Loan Original Facility Agreement made in this Second Supplemental Agreement.

Appears in 1 contract

Sources: Secured Reducing Revolving Multi Currency Credit Facility Agreement (Safe Bulkers, Inc.)