Common use of Ratification of Guaranty Clause in Contracts

Ratification of Guaranty. Far East hereby: (i) confirms and agrees that, notwithstanding this Amendment and consummation of the transactions contemplated hereby, the Guaranty Agreement dated as of December 28, 2016 and executed by Far East (the “Far East Guaranty”) and all of Far East’s covenants, obligations, agreements, waivers and liabilities under the Far East Guaranty continue in full force and effect in accordance with their terms with respect to the obligations guaranteed, as the same may be modified by this Amendment; (ii) reaffirms its waivers of each and every one of the defenses to such obligations as set forth in the Far East Guaranty; (iii) reaffirms that Far East’s obligations under the Far East Guaranty are separate and distinct from the obligations of any other party under the Loan Agreement (as modified by this Amendment) and the other Loan Documents; and (iv) waives any defense which might arise due to the execution and delivery of this Amendment, and the performance of the terms hereof or of the Loan Agreement (as modified by this Amendment).

Appears in 2 contracts

Samples: Loan and Security Agreement (Blonder Tongue Laboratories Inc), Loan and Security Agreement (Blonder Tongue Laboratories Inc)

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Ratification of Guaranty. Far East Digirad hereby: (i) confirms and agrees that, notwithstanding this Amendment Amendment, the consent and partial release granted herein and consummation of the transactions contemplated hereby, the Guaranty Agreement dated as of December 28March 29, 2016 2019 and executed by Far East Digirad (the “Far East Digirad Guaranty”) and all of Far EastDigirad’s covenants, obligations, agreements, waivers and liabilities under the Far East Digirad Guaranty continue in full force and effect in accordance with their terms with respect to the obligations guaranteed, as the same may be modified by this Amendment; (ii) reaffirms its waivers of each and every one of the defenses to such obligations as set forth in the Far East Digirad Guaranty; (iii) reaffirms that Far EastDigirad’s obligations under the Far East Digirad Guaranty are separate and distinct from the obligations of any other party under the Loan Agreement (as modified by this Amendment) and the other Loan Documents; and (iv) waives any defense which might arise due to the execution and delivery of this Amendment, and the performance of the terms hereof or of the Loan Agreement (as modified by this Amendment).

Appears in 2 contracts

Samples: Loan and Security Agreement (Star Equity Holdings, Inc.), Loan and Security Agreement (Star Equity Holdings, Inc.)

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Ratification of Guaranty. Far East hereby: (i) confirms and agrees that, notwithstanding this Amendment and consummation of the transactions contemplated hereby, the Guaranty Agreement dated as of December 28, 2016 and executed by Far East (the "Far East Guaranty") and all of Far East’s 's covenants, obligations, agreements, waivers and liabilities under the Far East Guaranty continue in full force and effect in accordance with their terms with respect to the obligations guaranteed, as the same may be modified by this Amendment; (ii) reaffirms its waivers of each and every one of the defenses to such obligations as set forth in the Far East Guaranty; (iii) reaffirms that Far East’s 's obligations under the Far East Guaranty are separate and distinct from the obligations of any other party under the Loan Agreement (as modified by this Amendment) and the other Loan Documents; and (iv) waives any defense which might arise due to the execution and delivery of this Amendment, and the performance of the terms hereof or of the Loan Agreement (as modified by this Amendment).

Appears in 1 contract

Samples: Loan and Security Agreement (Blonder Tongue Laboratories Inc)

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