Common use of RATIFICATION AND REAFFIRMATION OF OBLIGATIONS AND LIENS Clause in Contracts

RATIFICATION AND REAFFIRMATION OF OBLIGATIONS AND LIENS. (a) Each Loan Party hereby ratifies and reaffirms the validity and enforceability of all of the Obligations (including, without limitation, all Obligations under Section 2.09 of the Credit Agreement) and of the Credit Agreement and the other Loan Documents, and agrees that its obligations under the Credit Agreement, the other Loan Documents and this Amendment are its legal, valid and binding obligations enforceable against it in accordance with the respective terms thereof. Each Loan Party further acknowledges and agrees that all payments to be made by such Loan Party under the Credit Agreement shall be made without condition or deduction for any counterclaim, defense, recoupment or set-off in accordance with the terms of the Credit Agreement and the other Loan Documents.

Appears in 6 contracts

Samples: Credit Agreement (dELiAs, Inc.), Credit Agreement and Limited Waiver (Kid Brands, Inc), Credit Agreement (dELiAs, Inc.)

AutoNDA by SimpleDocs

RATIFICATION AND REAFFIRMATION OF OBLIGATIONS AND LIENS. (a) Each Loan Party (as used herein shall exclude Brand) hereby ratifies and reaffirms the validity and enforceability of all of the Obligations (including, without limitation, all Obligations under Section 2.09 of the Credit Agreement) and of the Credit Agreement and the other Loan Documents), and agrees that its obligations under the Credit Agreement, the other Loan Documents and this Amendment are its legal, valid and binding obligations enforceable against it in accordance with the respective terms thereof. Each Loan Party further acknowledges and agrees that all payments to be made by such Loan Party under the Credit Agreement shall be made without condition or deduction for any counterclaim, defense, recoupment or set-off in accordance with the terms of the Credit Agreement and the other Loan Documents.

Appears in 1 contract

Samples: Credit Agreement And (dELiAs, Inc.)

RATIFICATION AND REAFFIRMATION OF OBLIGATIONS AND LIENS. (a) Each Loan Party hereby ratifies and reaffirms the validity and enforceability of all of the Obligations (including, without limitation, all Obligations under Section 2.09 of the Credit AgreementAgreement as amended by the Fee Letter Amendment (as defined below) and of the Credit Agreement and the other Loan Documents, and agrees that its obligations under the Credit Agreement, the other Loan Documents and this Amendment are its legal, valid and binding obligations enforceable against it in accordance with the respective terms thereof. Each Loan Party further acknowledges and agrees that all payments to be made by such Loan Party under the Credit Agreement shall be made without condition or deduction for any counterclaim, defense, recoupment or set-off in accordance with the terms of the Credit Agreement and the other Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (dELiAs, Inc.)

AutoNDA by SimpleDocs

RATIFICATION AND REAFFIRMATION OF OBLIGATIONS AND LIENS. (a) Each Loan Party hereby ratifies and reaffirms the validity and enforceability of all of the Obligations (including, without limitation, all Obligations under Section 2.09 of the Credit AgreementAgreement as amended by the Fee Letter Amendment (as defined below)) and of the Credit Agreement and the other Loan Documents, and agrees that its obligations under the Credit Agreement, the other Loan Documents and this Amendment are its legal, valid and binding obligations enforceable against it in accordance with the respective terms thereof. Each Loan Party further acknowledges and agrees that all payments to be made by such Loan Party under the Credit Agreement shall be made without condition or deduction for any counterclaim, defense, recoupment or set-off in accordance with the terms of the Credit Agreement and the other Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (dELiAs, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.