Confirmation by the Borrowers of Obligations and Lender Specified Defaults Sample Clauses

Confirmation by the Borrowers of Obligations and Lender Specified Defaults. (a) The U.S. Borrower acknowledges and agrees that, as of the Forbearance Effective Date (as hereinafter defined), the aggregate principal amount of outstanding U.S. Term Loans is $1,730,175,000.00 and the aggregate accrued and unpaid interest thereon is $3,996,704.25, the aggregate principal amount of outstanding Revolving Loans is $75,000,000.00 and the face amount of issued and outstanding Letters of Credit is $10,729,171.21. The EMEA Borrower acknowledges and agrees that, as of the Forbearance Effective Date, the aggregate principal amount of outstanding EMEA Term Loans denominated in Euros is €733,125,000.00 and the aggregate accrued and unpaid interest thereon is €1,853,177.09, and the aggregate principal amount of outstanding EMEA Term Loans denominated in Dollars is $139,300,000.00 and the aggregate accrued and unpaid interest thereon is $484,299.67.
Sample 1Sample 2
AutoNDA by SimpleDocs
Confirmation by the Borrowers of Obligations and Lender Specified Defaults. (a) The U.S. Borrower acknowledges and agrees that, as of the Forbearance Effective Date (as hereinafter defined), (i) the aggregate principal amount of outstanding U.S. Term Loans is $1,725,750,000.00 and the aggregate accrued and unpaid interest thereon is $12,799,312.50, (ii) the aggregate principal amount of Revolving Commitments is $85,718,058.65 and (iii) the aggregate principal amount of outstanding Revolving Loans is $74,834,827.03 and the aggregate accrued and unpaid interest thereon is $555,024.97 and the face amount of issued and outstanding Letters of Credit is $10,763,519.10. The EMEA Borrower acknowledges and agrees that, as of the Forbearance Effective Date, the aggregate principal amount of outstanding EMEA Term Loans denominated in Euros is €731,250,000.00 and the aggregate accrued and unpaid interest thereon is €5,875,390.63, and the aggregate principal amount of outstanding EMEA Term Loans denominated in Dollars is $138,950,000.00 and the aggregate accrued and unpaid interest thereon is $1,545,818.75.
Sample 1
Confirmation by the Borrowers of Obligations and Lender Specified Defaults 
Sample 1

Related to Confirmation by the Borrowers of Obligations and Lender Specified Defaults

  • Reaffirmation of Obligations Each Loan Party (a) acknowledges and consents to all of the terms and conditions of this Amendment, (b) affirms all of its obligations under the Loan Documents and (c) agrees that this Amendment and all documents executed in connection herewith do not operate to reduce or discharge such Loan Party’s obligations under the Loan Documents.

  • Repayment of Obligations Notwithstanding anything to the contrary contained herein, the Borrower shall repay the Advances Outstanding, all accrued and unpaid Yield, any Breakage Fees, Increased Costs, all accrued and unpaid costs and expenses of the Administrative Agent and Lenders and all other Obligations (other than unmatured contingent indemnification obligations) in full on the Facility Maturity Date.

  • Reference to and Effect on the Credit Agreement and the Other Loan Documents (a) On and after the effectiveness of this Amendment, each reference in the Credit Agreement to “this Agreement”, “hereunder”, “hereof” or words of like import referring to the Credit Agreement, and each reference in any other Loan Document to “the Credit Agreement”, “thereunder”, “thereof” or words of like import referring to the Credit Agreement, shall mean and be a reference to the Credit Agreement, as amended by this Amendment.

  • Confirmation of Obligations Executive hereby confirms and agrees to his continuing obligation under the Agreement after termination of employment not to directly or indirectly disclose to third parties or use any Confidential Information (as defined in the Agreement) that he may have acquired, learned, developed, or created by reason of his employment with the Company.

  • Reference to and Effect on the Credit Agreement and the Loan Documents (a) On and after the effectiveness of this Amendment, each reference in the Credit Agreement to “this Agreement”, “hereunder”, “hereof” or words of like import referring to the Credit Agreement, and each reference in the Notes and each of the other Loan Documents to “the Credit Agreement”, “thereunder”, “thereof” or words of like import referring to the Credit Agreement, shall mean and be a reference to the Credit Agreement, as amended by this Amendment.

  • Reinstatement of Obligations Guarantor agrees that this Guaranty shall continue to be effective or be reinstated, as the case may be, with respect to any Obligations if at any time payment of any such Obligations is rescinded or otherwise must be restored by the Agent and/or the Lenders upon the bankruptcy or reorganization of the Borrower or any Guarantor or otherwise.

  • Ratification of Obligations Except as specifically modified herein, the Indenture and the Notes are in all respects ratified and confirmed (mutatis mutandis) and shall remain in full force and effect in accordance with their terms.

  • Credit Agreement Covenants Each Guarantor shall observe, perform and comply with all covenants applicable to such Guarantor set forth in Articles VI and VII of the Credit Agreement, which by their terms the Borrowers are required to cause such Guarantor to observe, perform and comply with, as if such covenants were set forth in full herein.

  • Affirmation of Obligations Each of the Credit Parties hereby acknowledges, agrees and affirms (a) its obligations under the Credit Agreement and the other Loan Documents, including, without limitation, its guaranty obligations thereunder, (b) that such guaranty shall apply to the Obligations in accordance with the terms thereof, (c) the grant of the security interest in all of its assets pursuant to the Loan Documents and (d) that such liens and security interests created and granted are valid and continuing and secure the Obligations in accordance with the terms thereof.

  • Credit Agreement Representations All representations and warranties in the Credit Agreement relating to it are true and correct as of the date hereof and on each date the representations and warranties hereunder are restated pursuant to any of the Loan Documents with the same force and effect as if such representations and warranties had been made on and as of such date except to the extent that such representations and warranties relate specifically to another date.

Time is Money Join Law Insider Premium to draft better contracts faster.