Common use of New Grace Clause in Contracts

New Grace. By signing this Amendment, all of the parties hereto hereby: (i) acknowledge that as of the Effective Date, New Grace will be a party to the Credit Agreement, as modified hereby, and, as such, will be bound by the terms and provisions thereof as if an original party thereto, and (ii) acknowledge and agree that, commencing with the Effective Date, Grace Delaware and New Grace will be jointly and severally bound as guarantors under Section 12 of the Credit Agreement, until Grace Delaware is released in accordance with Section 13.16 of the Credit Agreement.

Appears in 4 contracts

Samples: Credit Agreement (W R Grace & Co), Credit Agreement (W R Grace & Co), First Amendment (W R Grace & Co)

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