Ratification of Guarantees. Each of the Guarantors hereby acknowledges and consents to all of the terms and conditions of this Second Amendment and hereby ratifies and confirms its respective guarantee under the Guaranty dated as of May 2, 2008 (the “Guaranty”) for the benefit of CIT. Each Guarantor hereby represents and acknowledges that the execution and delivery of this Second Amendment shall in no way diminish or modify its obligations as a Guarantor under the Guaranty and shall not constitute a waiver by CIT of any of CIT’s rights against such Guarantor.
Appears in 1 contract
Samples: Forbearance and Amendment Agreement (Meridian Resource Corp)
Ratification of Guarantees. Each of the Guarantors hereby acknowledges and consents to all of the terms and conditions of this Second Amendment Agreement and hereby ratifies and confirms its respective guarantee under the Guaranty dated as of May 2, 2008 (the “Guaranty”) for the benefit of CIT. Each Guarantor hereby represents and acknowledges that the execution and delivery of this Second Amendment Agreement shall in no way diminish or modify its obligations as a Guarantor under the Guaranty and shall not constitute a waiver by CIT of any of CIT’s rights against such Guarantor.
Appears in 1 contract
Samples: Forbearance and Amendment Agreement (Meridian Resource Corp)
Ratification of Guarantees. Each of the Guarantors hereby acknowledges and consents to all of the terms and conditions of this Second Amendment and hereby ratifies and confirms its respective guarantee under the Guaranty dated as of May 2, 2008 (the “Guaranty”) for the benefit of CIT. Each Guarantor hereby represents and acknowledges that the execution and delivery of this Second Amendment shall in no way diminish or modify its obligations as a Guarantor under the Guaranty and shall not constitute a waiver by CIT of any of CIT’s rights against such Guarantor.
Appears in 1 contract
Samples: Forbearance and Amendment Agreement (Meridian Resource Corp)
Ratification of Guarantees. Each of the Guarantors hereby acknowledges and consents to all of the terms and conditions of this Second Third Amendment and hereby ratifies and confirms its respective guarantee under the Guaranty dated as of May 2, 2008 (the “Guaranty”) for the benefit of CIT. Each Guarantor hereby represents and acknowledges that the execution and delivery of this Second Third Amendment shall in no way diminish or modify its obligations as a Guarantor under the Guaranty and shall not constitute a waiver by CIT of any of CIT’s rights against such Guarantor.
Appears in 1 contract
Samples: Forbearance and Amendment Agreement (Meridian Resource Corp)