RATIFICATION AND ACKNOWLEDGEMENT Sample Clauses
The Ratification and Acknowledgement clause serves to formally confirm and validate the actions, agreements, or obligations previously undertaken by the parties involved. In practice, this clause ensures that all parties explicitly recognize and accept the terms, conditions, or prior acts as binding and enforceable, even if those actions occurred before the formal execution of the agreement. Its core function is to eliminate any doubt about the legitimacy or enforceability of prior commitments, thereby providing legal certainty and preventing future disputes over the validity of earlier actions.
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RATIFICATION AND ACKNOWLEDGEMENT. The Company and the Rights Agent hereby ratify, acknowledge, and agree to be bound by all the provisions, obligations, warranties, representations, and covenants of the Agreement as amended by this Amendment.
RATIFICATION AND ACKNOWLEDGEMENT. The Borrower, each of the Initial Guarantors and the Lender does hereby adopt, ratify and confirm the Agreement, as the same is amended hereby, and acknowledges and agrees that the Agreement, as amended hereby, is and remains in full force and effect. Each of the Borrower and the Lender hereby agrees and acknowledges that, as of the date of execution of this Amendment, the Borrowing Base is $5,000,000 and the Monthly Reduction Amount is $0, which amounts it is agreed shall remain in effect until the next redetermination of the Borrowing Base and the Monthly Reduction Amount in accordance with the applicable provisions of the Agreement.
RATIFICATION AND ACKNOWLEDGEMENT. Each of the parties hereto does hereby adopt, ratify and confirm the Agreement, as amended by this Amendment, and the other Loan Documents to which it is a party and acknowledges that the Agreement, as amended by this Amendment, and the other Loan Documents to which it is a party are and remain in full force and effect. Furthermore, each of the parties hereto acknowledges that the Borrowing Base, as of the Effective Date, is $86,000,000 and shall remain at $86,000,000 until the next redetermination of the Borrowing Base in accordance with the provisions of Section 2.9 of the Agreement.
RATIFICATION AND ACKNOWLEDGEMENT. The Borrower, each of the Guarantors and the Lender does hereby adopt, ratify and confirm the Agreement, as the same is amended hereby, and acknowledges and agrees that the Agreement, as amended hereby, is and remains in full force and effect.
RATIFICATION AND ACKNOWLEDGEMENT. Each of the Borrowers, the Agent and the Lender does hereby adopt, ratify and confirm the Agreement, as the same is amended hereby, and each of the other Loan Documents to which it is a party and acknowledges and agrees that the Agreement, as amended hereby, and each of the other Loan Documents to which it is a party is and remains in full force and effect.
RATIFICATION AND ACKNOWLEDGEMENT. All of the representations, warranties, provisions, covenants, terms and conditions of the Agreement shall remain unaltered and in full force and effect and, as amended hereby, the Agreement is in all respects agreed to, ratified and confirmed by the Company. The Company acknowledges and agrees that the amendments granted herein shall not be construed as establishing a course of conduct on the part of the Purchasers upon which the Company may rely at any time in the future.
RATIFICATION AND ACKNOWLEDGEMENT. Each Credit Party hereby ratifies and reaffirms each and every term, covenant and condition set forth in the Credit Agreement and all other documents delivered by such company in connection therewith (including without limitation the other Loan Documents to which such Credit Party is a party), effective as of the date hereof.
RATIFICATION AND ACKNOWLEDGEMENT