Common use of Consent and Affirmation Clause in Contracts

Consent and Affirmation. Without limiting the generality of the foregoing, by its execution hereof, (i) each of the Borrower and the Subsidiary Guarantors hereby to the extent applicable as of the Amendment No. 4 Effective Date consents to this Amendment and the transactions contemplated hereby and (ii) each of the Borrower and the Subsidiary Guarantors hereby to the extent applicable as of the Amendment No. 4 Effective Date (x) agrees that the Guarantee and Security Agreement and each of the other Security Documents is in full force and effect, (y) confirms its guarantee (solely in the case of the Subsidiary Guarantors) and affirms its obligations under the Guarantee and Security Agreement and confirms its grant of a security interest in its assets as Collateral for the Secured Obligations (as defined in the Guarantee and Security Agreement), and (z) acknowledges and affirms that such guarantee and/or grant, as applicable, is in full force and effect in respect of, and to secure, the Secured Obligations (as defined in the Guarantee and Security Agreement).

Appears in 1 contract

Samples: Secured Revolving Credit Agreement (THL Credit, Inc.)

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Consent and Affirmation. a. Without limiting the generality of the foregoing, by its execution hereof, (i) each of the Borrower and the Subsidiary Guarantors hereby to the extent applicable as of the Amendment No. 4 2 Effective Date (i) consents to this Amendment and the transactions contemplated hereby (including the prepayment as to each Exiting Lender as described in Section 2.11 and the increased Commitments described in Section 2.11), (ii) each of the Borrower and the Subsidiary Guarantors hereby to the extent applicable as of the Amendment No. 4 Effective Date (x) agrees that the Guarantee and Security Agreement and each of the other Security Documents is in full force and effect, (yiii) confirms its guarantee (solely in the case of the Subsidiary Guarantors) and affirms its obligations under the Guarantee and Security Agreement and confirms its grant of a security interest in its assets as Collateral for the Secured Obligations (as defined in the Guarantee and Security Agreement), and (ziv) acknowledges and affirms that such guarantee and/or grant, as applicable, is in full force and effect in respect of, and to secure, the Secured Obligations (as defined in the Guarantee and Security Agreement).

Appears in 1 contract

Samples: Secured Revolving Credit Agreement (Sierra Income Corp)

Consent and Affirmation. Without limiting the generality of the foregoing, by its execution hereof, (i) each of the Borrower and the Subsidiary Guarantors hereby to the extent applicable as of the Amendment No. 4 3 Effective Date consents to this Amendment and the transactions contemplated hereby and (ii) each of the Borrower and the Subsidiary Guarantors hereby to the extent applicable as of the Amendment No. 4 3 Effective Date (x) agrees that the Guarantee and Security Agreement and each of the other Security Documents is in full force and effect, (y) confirms its guarantee (solely in the case of the Subsidiary Guarantors) and affirms its obligations under the Guarantee and Security Agreement and confirms its grant of a security interest in its assets as Collateral for the Secured Obligations (as defined in the Guarantee and Security Agreement), and (z) acknowledges and affirms that such guarantee and/or grant, as applicable, is in full force and effect in respect of, and to secure, the Secured Obligations (as defined in the Guarantee and Security AgreementAgreement ).. ACTIVE/101850926.2

Appears in 1 contract

Samples: Senior Secured Revolving Credit Agreement (THL Credit, Inc.)

Consent and Affirmation. Without limiting the generality of the foregoing, by its execution hereof, (i) each of the Borrower and the each Subsidiary Guarantors Guarantor hereby to the extent applicable as of the date hereof and on the Amendment No. 4 3 Effective Date (i) consents to this Amendment and the transactions (including the Exiting Lenders, the Decreasing Lenders and the Commitment Increase) contemplated hereby and hereby, (ii) each of the Borrower and the Subsidiary Guarantors hereby to the extent applicable as of the Amendment No. 4 Effective Date (x) agrees that the Guarantee and Security Agreement and each of the other Security Documents is in full force and effect, (yiii) confirms its guarantee (solely in the case of the each Subsidiary GuarantorsGuarantor) and affirms its obligations under the Guarantee and Security Agreement and confirms its grant of a security interest in its assets as Collateral for the Secured Obligations (as defined in the Guarantee and Security Agreement), and (ziv) acknowledges and affirms that such guarantee and/or grant, as applicable, is in full force and effect in respect of, and to secure, the Secured Obligations (as defined in the Guarantee and Security Agreement).

Appears in 1 contract

Samples: Secured Revolving Credit Agreement (Barings BDC, Inc.)

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Consent and Affirmation. Without limiting the generality of the foregoing, by its execution hereof, (i) each of the Borrower and the Subsidiary Guarantors hereby to the extent applicable as of the Amendment No. 4 5 Effective Date consents to this Amendment and the transactions contemplated hereby and (ii) each of the Borrower and the Subsidiary Guarantors hereby to the extent applicable as of the Amendment No. 4 5 Effective Date (x) agrees that the Guarantee and Security Agreement and each of the other Security Documents is in full force and effect, (y) confirms its guarantee (solely in the case of the Subsidiary Guarantors) and affirms its obligations under the Guarantee and Security Agreement and confirms its grant of a security interest in its assets as Collateral for the Secured Obligations (as defined in the Guarantee and Security Agreement), and (z) acknowledges and affirms that such guarantee and/or grant, as applicable, is in full force and effect in respect of, and to secure, the Secured Obligations (as defined in the Guarantee and Security Agreement).

Appears in 1 contract

Samples: Secured Revolving Credit Agreement (THL Credit, Inc.)

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