Common use of Effect on Agreements Clause in Contracts

Effect on Agreements. (a) Except as expressly set forth in Sections 1.1 and 1.2 of this Amendment, the Loan Documents and the Warrants shall be and remain in full force and effect in accordance with their terms. The Loan Documents and the Warrants, as amended by Sections 1.1 and 1.2 of this Amendment, are hereby ratified and confirmed in all respects. (b) Nothing contained herein shall in any way impair the Debentures now held for the Obligations, nor affect or impair any rights, powers, or remedies under the Loan Documents, it being the intent of the parties hereto that this Amendment shall not constitute a novation of the Debentures or an accord and satisfaction of the Obligations. The Company hereby ratifies and reaffirms the validity and enforceability of all of the liens and security interests heretofore granted pursuant to the Loan Documents, as collateral security for the Obligations, and acknowledges that all of such liens and security interests, and all Collateral heretofore pledged as security for the Obligations, continues to be and remains Collateral for the Obligations from and after the date hereof.

Effect on Agreements. (a) Except as expressly set forth in Sections Section 1.1 and 1.2 of this Amendment, the Loan Documents and the Warrants shall be and remain in full force and effect in accordance with their terms. The Loan Documents and the WarrantsDocuments, as amended by Sections Section 1.1 and 1.2 of this Amendment, are hereby ratified and confirmed in all respects. (b) Nothing contained herein shall in any way impair the Debentures now held for the Obligations, nor affect or impair any rights, powers, or remedies under the Loan Documents, it being the intent of the parties hereto that this Amendment shall not constitute a novation of the Debentures or an accord and satisfaction of the Obligations. The Company hereby ratifies and reaffirms the validity and enforceability of all of the liens and security interests heretofore granted pursuant to the Loan Documents, as collateral security for the Obligations, and acknowledges that all of such liens and security interests, and all Collateral heretofore pledged as security for the Obligations, continues to be and remains Collateral for the Obligations from and after the date hereof.