Common use of Ratification and Affirmation of Obligors Clause in Contracts

Ratification and Affirmation of Obligors. Each of the Obligors hereby expressly (i) acknowledges the terms of this Third Amendment, (ii) ratifies and affirms its obligations under its respective Guaranty Agreement and the other Security Instruments to which it is a party, (iii) acknowledges, renews and extends its continued liability under its respective Guaranty Agreement and the other Security Instruments to which it is a party and agrees that its respective Guaranty Agreement and the other Security Instruments to which it is a party remains in full force and effect with respect to the Indebtedness as amended hereby.

Appears in 1 contract

Samples: Credit Agreement (Queen Sand Resources Inc)

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Ratification and Affirmation of Obligors. Each of the Obligors hereby expressly (i) acknowledges the terms of this Third Amendment, (ii) ratifies and affirms its obligations under its respective the Guaranty Agreement and the other Security Instruments to which it is a party, (iii) acknowledges, renews and extends its continued liability under its respective the Guaranty Agreement and the other Security Instruments to which it is a party and (iv) agrees that its respective guarantee under the Guaranty Agreement and the other Security Instruments to which it is a party remains in full force and effect with respect to the Indebtedness as amended hereby.

Appears in 1 contract

Samples: Credit Agreement (Legacy Reserves Lp)

Ratification and Affirmation of Obligors. Each of the Obligors hereby expressly (i) acknowledges the terms of this Third Amendment, (ii) ratifies and affirms its obligations under its respective Guaranty Agreement and the other Security Instruments Loan Documents to which it is a party, (iii) acknowledges, renews and extends its continued liability under its respective Guaranty Agreement Agreement, if applicable, and the other Security Instruments to which it is a party and agrees that its respective Guaranty Agreement Agreement, if applicable, and the other Security Instruments to which it is a party remains in full force and effect with respect to the Indebtedness as amended hereby.

Appears in 1 contract

Samples: Credit Agreement (Corrida Resources Inc)

Ratification and Affirmation of Obligors. Each of the Obligors hereby expressly (i) acknowledges the terms of this Third Fourth Amendment, (ii) ratifies and affirms its obligations under its respective the Guaranty Agreement and the other Security Instruments to which it is a party, (iii) acknowledges, renews and extends its continued liability under its respective the Guaranty Agreement and the other Security Instruments to which it is a party and (iv) agrees that its respective guarantee under the Guaranty Agreement and the other Security Instruments to which it is a party remains in full force and effect with respect to the Indebtedness as amended hereby.

Appears in 1 contract

Samples: Credit Agreement (Legacy Reserves Lp)

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Ratification and Affirmation of Obligors. Each of the Obligors hereby expressly (ia) acknowledges the terms of this Third Amendment, (iib) ratifies and affirms its obligations under its respective the Facility Guaranty Agreement and the other Security Instruments Loan Papers to which it is a party, (iiic) acknowledges, renews and extends its continued liability under its respective the Facility Guaranty Agreement and the other Security Instruments Loan Papers to which it is a party and (d) agrees that its respective guarantee under the Facility Guaranty Agreement and the other Security Instruments Loan Papers to which it is a party remains in full force and effect with respect to the Indebtedness Obligations as amended hereby.

Appears in 1 contract

Samples: Credit Agreement (Laredo Petroleum Holdings, Inc.)

Ratification and Affirmation of Obligors. Each of the Obligors hereby expressly (i) acknowledges the terms of this Third Fourth Amendment, (ii) ratifies and affirms its obligations under its respective Guaranty Agreement and the other Security Instruments Loan Documents to which it is a party, (iii) acknowledges, renews and extends its continued liability under its respective Guaranty Agreement Agreement, if applicable, and the other Security Instruments to which it is a party and agrees that its respective Guaranty Agreement Agreement, if applicable, and the other Security Instruments to which it is a party remains remain in full force and effect with respect to the Indebtedness as amended hereby.

Appears in 1 contract

Samples: Credit Agreement (Corrida Resources Inc)

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