Common use of No Further Amendments; Ratification of Liability Clause in Contracts

No Further Amendments; Ratification of Liability. Except as amended hereby, the Loan Agreement and each of the other Loan Instruments shall remain in full force and effect in accordance with their respective terms. Borrower hereby ratifies and confirms its liabilities, obligations and agreements under the Loan Agreement and the other Loan Instruments, all as amended by this Agreement, and the Liens created thereby, and acknowledges that (i) it has no defenses, claims or set-offs to the enforcement by FINOVA of such liabilities, obligations and agreements, (ii) FINOVA has fully performed all obligations to Borrower which it may have had or has on and as of the date hereof and (iii) other than as specifically set forth herein, FINOVA does not waive, diminish or limit any term or condition contained in the Loan Agreement or the other Loan Instruments. The Loan Instruments, as amended by this Agreement, contain the entire agreement between FINOVA and Borrower with respect to the transactions contemplated hereby.

Appears in 3 contracts

Samples: Forbearance Agreement (Aquis Communications Group Inc), Forbearance Agreement (Aquis Communications Group Inc), Forbearance Agreement (Aquis Communications Group Inc)

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No Further Amendments; Ratification of Liability. Except as amended hereby, the Loan Agreement and each of the other Loan Instruments Documents shall remain in full force and effect in accordance with their respective terms. Each Borrower hereby ratifies and confirms its liabilities, obligations and agreements under the Loan Agreement and the other Loan InstrumentsDocuments, all as amended by this AgreementAmendment, and the Liens created thereby, and acknowledges that (i) it has no defenses, claims or set-offs to the enforcement by FINOVA of such liabilities, obligations and agreements, (ii) FINOVA has fully performed all obligations to Borrower Borrowers which it may have had or has on and as of the date hereof and (iii) other than as specifically set forth herein, FINOVA does not waive, diminish or limit any term or condition contained in the Loan Agreement or the other Loan InstrumentsDocuments. The Loan Instruments, as amended by FINOVA's agreement to the terms of this Agreement, contain the entire agreement between Amendment shall not be deemed to establish or create a custom or course of dealing among FINOVA and Borrower with respect to the transactions contemplated herebyBorrowers.

Appears in 1 contract

Samples: Loan and Security Agreement (Leather Factory Inc)

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