Common use of Consent of Guarantor Clause in Contracts

Consent of Guarantor. The undersigned Guarantors hereby (a) consent to the transactions contemplated by this Agreement; and (b) agree that the Credit Agreement and the other Loan Documents (as amended, restated, supplemented or otherwise modified from time to time) are and shall remain in full force and effect. Although each undersigned Guarantor has been informed of the matters [IES] Second Amendment 11 set forth herein and has acknowledged and agreed to same, it understands that the Lender has no obligation to inform it of such matters in the future or to seek its acknowledgment or agreement to future amendments, and nothing herein shall create such a duty. Each of the undersigned acknowledges that its Guaranty is in full force and effect and ratifies the same, acknowledges that the undersigned has no defense, counterclaim, set-off or any other claim to diminish the undersigned’s liability under such documents, that the undersigned’s consent is not required to the effectiveness of the Credit Agreement and that no consent by it is required for the effectiveness of any future amendment, modification, forbearance or other action with respect to the Collateral, the Advances, the Credit Agreement or any of the other Loan Documents. [IES] Second Amendment 12

Appears in 1 contract

Samples: Credit and Security Agreement (Integrated Electrical Services, Inc.)

AutoNDA by SimpleDocs

Consent of Guarantor. The undersigned Guarantors hereby (a) consent to the transactions contemplated by this AgreementAmendment; and (b) agree that the Credit Agreement and the other Loan Documents (as amended, restated, supplemented or otherwise modified from time to time) are and shall remain in full force and effect. Although each undersigned Guarantor has been informed of the matters [IES] Second Amendment 11 set forth herein and has acknowledged and agreed to same, it understands that the Lender has no obligation to inform it of such matters in the future or to seek its acknowledgment or agreement to future amendments, and nothing herein shall create such a duty. Each of the undersigned acknowledges that its Guaranty is in full force and effect and ratifies the same, acknowledges that the undersigned has no defense, counterclaim, set-off or any other claim to diminish the undersigned’s liability under such documents, that the undersigned’s consent is not required to the effectiveness of the Credit Agreement and that no consent by it is required for the effectiveness of any future amendment, modification, forbearance or other action with respect to the Collateral, the Advances, the Term Loan, the Credit Agreement or any of the other Loan Documents. [IES] Second Amendment 12.

Appears in 1 contract

Samples: Credit and Security Agreement (Integrated Electrical Services Inc)

Consent of Guarantor. The undersigned Guarantors hereby (a) consent to the transactions contemplated by this AgreementAmendment; and (b) agree that the Credit Agreement and the other Loan Documents (as amended, restated, supplemented or otherwise modified from time to time) are and shall remain in full force and effect. Although each undersigned Guarantor has been informed of the matters [IES] Second Amendment 11 set forth herein and has acknowledged and agreed to same, it understands that the Lender has no obligation to inform it of such matters in the future or to seek its acknowledgment or agreement to future amendments, and nothing herein shall create such a duty. Each of the undersigned acknowledges that its Guaranty is in full force and effect and ratifies the same, acknowledges that the undersigned has no defense, counterclaim, set-off or any other claim to diminish the undersigned’s liability under such documents, that the undersigned’s consent is not required to the effectiveness of the Credit Agreement and that no consent by it is required for the effectiveness of any future amendment, modification, forbearance or other action with respect to the Collateral, the Advances, the Term Loan, the Credit Agreement or any of the other Loan Documents. [IES] Second Amendment 12IES – FIRST AMENDMENT TO CREDIT AND SECURITY AGREEMENT 15

Appears in 1 contract

Samples: Credit and Security Agreement (Integrated Electrical Services Inc)

AutoNDA by SimpleDocs

Consent of Guarantor. The undersigned Guarantors hereby (a) consent to the transactions contemplated by this AgreementAmendment; and (b) agree that the Credit Agreement and the other Loan Documents (as amended, restated, supplemented or otherwise modified from time to time) are and shall remain in full force and effect. Although each undersigned Guarantor has been informed of the matters [IES] Second Amendment 11 set forth herein and has acknowledged and agreed to same, it understands that the Lender has no obligation to inform it of such matters in the future or to seek its acknowledgment or agreement to future amendments, and nothing herein shall create such a duty. Each of the undersigned acknowledges that its Guaranty is in full force and effect and ratifies the same, acknowledges that the undersigned has no defense, counterclaim, set-off or any other claim to diminish the undersigned’s liability under such documents, that the undersigned’s consent is not required to the effectiveness of the Credit Agreement and that no consent by it is required for the effectiveness of any future amendment, modification, forbearance or other action with respect to the Collateral, the Advances, the Term Loan, the Credit Agreement or any of the other Loan Documents. [IES] Second Amendment 12IES – THIRD AMENDMENT TO CREDIT AND SECURITY AGREEMENT IES – THIRD AMENDMENT TO CREDIT AND SECURITY AGREEMENT

Appears in 1 contract

Samples: Credit and Security Agreement (Integrated Electrical Services Inc)

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