Common use of Reaffirmation of Guaranty Clause in Contracts

Reaffirmation of Guaranty. Each of the undersigned Guarantors has read this Amendment and consents to the terms hereof and further hereby confirms and agrees that, notwithstanding the effectiveness of this Amendment, the obligations of such Guarantor under each of the Loan Documents to which such Guarantor is a party shall not be impaired and each of the Loan Documents to which such Guarantor is a party is, and shall continue to be, in full force and effect and is hereby confirmed and ratified in all respects. The Company hereby acknowledges and agrees that the “Guarantied Obligations” under, and as defined in, the Amended and Restated Parent Guaranty dated as of January 11, 2018, by the Company in favor of the Administrative Agent (the “Parent Guaranty”) will include all Obligations under, and as defined in, the Amended Credit Agreement. Each of the undersigned Subsidiary Guarantors hereby acknowledges and agrees that the “Guarantied Obligations” under, and as defined in, the Amended and Restated Subsidiary Guaranty dated as of January 11, 2018, as supplemented by the Joinders thereto, by the Subsidiary Guarantors in favor of the Administrative Agent (the “Subsidiary Guaranty”, and together with the Parent Guaranty, the “Guaranties”) will include all Obligations under, and as defined in, the Amended Credit Agreement.

Appears in 5 contracts

Samples: Revolving Credit Agreement (Xenia Hotels & Resorts, Inc.), Revolving Credit Agreement (Xenia Hotels & Resorts, Inc.), Revolving Credit Agreement (Xenia Hotels & Resorts, Inc.)

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Reaffirmation of Guaranty. Each of the undersigned Guarantors has read this Amendment and consents to the terms hereof and further hereby confirms and agrees that, notwithstanding the effectiveness of this Amendment, the obligations of such Guarantor under each of the Loan Documents to which such Guarantor is a party shall not be impaired and each of the Loan Documents to which such Guarantor is a party is, and shall continue to be, in full force and effect and is hereby confirmed and ratified in all respects. The Company hereby acknowledges and agrees that the “Guarantied Obligations” under, and as defined in, the Amended and Restated Parent Guaranty dated as of January 11September 13, 20182017, by the Company in favor of the Administrative Agent (the “Parent Guaranty”) will include all Obligations under, and as defined in, the Amended Credit Agreement. Each of the undersigned Subsidiary Guarantors hereby acknowledges and agrees that the “Guarantied Obligations” under, and as defined in, the Amended and Restated Subsidiary Guaranty dated as of January 11September 13, 20182017, as supplemented by the Joinders thereto, by the Subsidiary Guarantors in favor of the Administrative Agent (the “Subsidiary Guaranty”, and together with the Parent Guaranty, the “Guaranties”) will include all Obligations under, and as defined in, the Amended Credit Agreement.

Appears in 4 contracts

Samples: Term Loan Agreement (Xenia Hotels & Resorts, Inc.), Term Loan Agreement (Xenia Hotels & Resorts, Inc.), Term Loan Agreement (Xenia Hotels & Resorts, Inc.)

Reaffirmation of Guaranty. Each of the undersigned Guarantors has read this Amendment and consents to the terms hereof and further hereby confirms and agrees that, notwithstanding the effectiveness of this Amendment, the obligations of such Guarantor under each of the Loan Documents to which such Guarantor is a party shall not be impaired and each of the Loan Documents to which such Guarantor is a party is, and shall continue to be, in full force and effect and is hereby confirmed and ratified in all respects. The Company hereby acknowledges and agrees that the “Guarantied Obligations” under, and as defined in, the Amended and Restated Parent Guaranty dated as of January 11October 22, 20182015, by the Company in favor of the Administrative Agent (the “Parent Guaranty”) will include all Obligations under, and as defined in, the Amended Credit Agreement. Each of the undersigned Subsidiary Guarantors hereby acknowledges and agrees that the “Guarantied Obligations” under, and as defined in, the Amended and Restated Subsidiary Guaranty dated as of January 11October 22, 20182015, as supplemented by the Joinders thereto, by the Subsidiary Guarantors in favor of the Administrative Agent (the “Subsidiary Guaranty”, and together with the Parent Guaranty, the “Guaranties”) will include all Obligations under, and as defined in, the Amended Credit Agreement.

Appears in 4 contracts

Samples: Term Loan Agreement (Xenia Hotels & Resorts, Inc.), Term Loan Agreement (Xenia Hotels & Resorts, Inc.), Term Loan Agreement (Xenia Hotels & Resorts, Inc.)

Reaffirmation of Guaranty. Each of the undersigned Guarantors has read this Amendment and consents to the terms hereof and further hereby confirms and agrees that, notwithstanding the effectiveness of this Amendment, the obligations of such Guarantor under each of the Loan Documents to which such Guarantor is a party shall not be impaired and each of the Loan Documents to which such Guarantor is a party is, and shall continue to be, in full force and effect and is hereby confirmed and ratified in all respects. The Company hereby acknowledges and agrees that the “Guarantied Obligations” under, and as defined in, the Amended and Restated Parent Guaranty dated as of January 11August 21, 2018, by the Company in favor of the Administrative Agent (the “Parent Guaranty”) will include all Obligations under, and as defined in, the Amended Credit Agreement. Each of the undersigned Subsidiary Guarantors hereby acknowledges and agrees that the “Guarantied Obligations” under, and as defined in, the Amended and Restated Subsidiary Guaranty dated as of January 11August 21, 2018, as supplemented by the Joinders thereto, by the Subsidiary Guarantors in favor of the Administrative Agent (the “Subsidiary Guaranty”, and together with the Parent Guaranty, the “Guaranties”) will include all Obligations under, and as defined in, the Amended Credit Agreement.

Appears in 3 contracts

Samples: Term Loan Agreement (Xenia Hotels & Resorts, Inc.), Term Loan Agreement (Xenia Hotels & Resorts, Inc.), Term Loan Agreement (Xenia Hotels & Resorts, Inc.)

Reaffirmation of Guaranty. Each of the undersigned Guarantors Guarantor has read this Amendment No. 1 and consents to the terms hereof and further hereby confirms and agrees that, notwithstanding the effectiveness of this AmendmentAmendment No. 1, the obligations of such Guarantor under each of the Loan Documents to which such Guarantor is a party shall not be impaired and each of the Loan Documents to which such Guarantor is a party is, and shall continue to be, in full force and effect and is hereby confirmed and ratified in all respects. The Company Each of Borrower and the Guarantors hereby acknowledges and agrees that the Guarantied Obligations” Obligations under, and as defined in, the Amended and Restated Parent Guaranty dated as of January 11November 12, 20182013, by the Company such Guarantor in favor of the Administrative Agent and the Lenders (collectively, the “Parent Guaranty”) will include all Obligations under, and as defined in, the Amended Credit AgreementLoan Agreement (as amended hereby). Each of the undersigned Subsidiary Guarantors hereby Guarantor acknowledges and agrees that (i) notwithstanding the “Guarantied Obligations” underconditions to effectiveness set forth in this Amendment No. 1, and as defined in, the Amended and Restated Subsidiary Guaranty dated as of January 11, 2018, as supplemented such Guarantor is not required by the Joinders thereto, by the Subsidiary Guarantors in favor terms of the Administrative Agent Loan Agreement or any other Loan Document to consent to the amendments to the Loan Agreement effected pursuant to this Amendment No. 1 and (ii) nothing in the “Subsidiary Guaranty”Loan Agreement, and together with this Amendment No. 1 or any other Loan Document shall be deemed to require the Parent Guaranty, consent of such Guarantor to any future amendments to the “Guaranties”) will include all Obligations under, and as defined in, the Amended Credit Loan Agreement.

Appears in 1 contract

Samples: Term Loan Agreement (Taubman Centers Inc)

Reaffirmation of Guaranty. Each Guarantor reaffirms its guarantee of the undersigned Guarantors has read this Amendment Guaranteed Obligations (as defined in the Guaranty) under the terms and conditions of the Guaranty and agrees that such guarantee remains in full force and effect and is hereby ratified, reaffirmed and confirmed. Each Guarantor hereby confirms that it consents to the terms hereof and further hereby confirms and agrees that, notwithstanding the effectiveness of this Fourth Amendment, including, without limitation, the obligations refinancing in full of the Existing Term Loans under the Credit Agreement in the form of 2017 Refinancing Term Loans and which constitute “Guaranteed Obligations” of such Guarantor under the Guaranty as amended by this Fourth Amendment. Each Guarantor hereby (i) confirms that each of the Loan Documents Document to which such Guarantor it is a party shall not be impaired or is otherwise bound will continue to guarantee to the fullest extent possible in accordance with the Loan Documents, the payment and performance of the Guaranteed Obligations, including without limitation the payment and performance of all such applicable Guaranteed Obligations that are joint and several obligations of each Guarantor now or hereafter existing; (ii) acknowledges and agrees that its Guaranty and each of the Loan Documents to which such Guarantor it is a party is, and or otherwise bound shall continue to be, in full force and effect and is hereby confirmed that all of its obligations thereunder shall be valid and ratified in all respects. The Company hereby acknowledges enforceable and agrees that the “Guarantied Obligations” under, and as defined in, the Amended and Restated Parent Guaranty dated as of January 11, 2018, shall not be impaired or limited by the Company in favor execution or effectiveness of the Fourth Amendment; and (iii) acknowledges, agrees and warrants for the benefit of the Administrative Agent and each Secured Party that there are no rights of set-off or counterclaim, nor any defenses of any kind, whether legal, equitable or otherwise, that would enable such Guarantor to avoid or delay timely performance of its obligations under the Loan Documents (except to the “Parent Guaranty”) will include all extent such obligations constitute Excluded Swap Obligations under, and (as defined in, in the Amended Credit Agreement. Each of the undersigned Subsidiary Guarantors hereby acknowledges and agrees that the “Guarantied Obligations” under, and as defined in, the Amended and Restated Subsidiary Guaranty dated as of January 11, 2018, as supplemented by the Joinders thereto, by the Subsidiary Guarantors in favor of the Administrative Agent (the “Subsidiary Guaranty”, and together ) with the Parent Guaranty, the “Guaranties”) will include all Obligations under, and as defined in, the Amended Credit Agreementrespect to such Guarantor).

Appears in 1 contract

Samples: Credit Agreement (Life Time Group Holdings, Inc.)

Reaffirmation of Guaranty. Each of the undersigned Guarantors Guarantor has read this Amendment No. 1 and consents to the terms hereof and further hereby confirms and agrees that, notwithstanding the effectiveness of this AmendmentAmendment No. 1, the obligations of such Guarantor under each of the Loan Documents to which such Guarantor is a party shall not be impaired and each of the Loan Documents to which such Guarantor is a party is, and shall continue to be, in full force and effect and is hereby confirmed and ratified in all respects. The Company Each of Borrower and the Guarantors hereby acknowledges and agrees that the Guarantied Obligations” Obligations under, and as defined in, the Amended and Restated Parent Guaranty Guaranty, dated as of January 11February 28, 20182013, by the Company Guarantors in favor of the Administrative Agent and the Lenders (the “Parent Guaranty”) will include all Obligations under, and as defined in, the Amended Credit AgreementAgreement (as amended hereby). Each of the undersigned Subsidiary Guarantors hereby Guarantor acknowledges and agrees that (i) notwithstanding the “Guarantied Obligations” underconditions to effectiveness set forth in this Amendment No. 1, and as defined in, the Amended and Restated Subsidiary Guaranty dated as of January 11, 2018, as supplemented such Guarantor is not required by the Joinders thereto, by the Subsidiary Guarantors in favor terms of the Administrative Agent Credit Agreement or any other Loan Document to consent to the amendments to the Credit Agreement effected pursuant to this Amendment No. 1 and (ii) nothing in the “Subsidiary Guaranty”Credit Agreement, and together with this Amendment No. 1 or any other Loan Document shall be deemed to require the Parent Guaranty, consent of such Guarantor to any future amendments to the “Guaranties”) will include all Obligations under, and as defined in, the Amended Credit Agreement.

Appears in 1 contract

Samples: Revolving Credit Agreement (Taubman Centers Inc)

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Reaffirmation of Guaranty. Each of the undersigned Guarantors Guarantor has read this Amendment No. 2 and consents to the terms hereof and further hereby confirms and agrees that, notwithstanding the effectiveness of this AmendmentAmendment No. 2, the obligations of such Guarantor under each of the Loan Documents to which such Guarantor is a party shall not be impaired and each of the Loan Documents to which such Guarantor is a party is, and shall continue to be, in full force and effect and is hereby confirmed and ratified in all respects. The Company Each of Borrower and the undersigned Guarantors hereby acknowledges and agrees that the Guarantied Obligations” Obligations under, and as defined in, the Amended and Restated Parent Guaranty dated as of January 11November 12, 20182013, by the Company such Guarantor in favor of the Administrative Agent and the Lenders (collectively, the “Parent Guaranty”) will include all Obligations under, and as defined in, the Amended Credit AgreementLoan Agreement (as amended hereby). Each of the undersigned Subsidiary Guarantors hereby Guarantor acknowledges and agrees that (i) notwithstanding the “Guarantied Obligations” underconditions to effectiveness set forth in this Amendment No. 2, and as defined in, the Amended and Restated Subsidiary Guaranty dated as of January 11, 2018, as supplemented such Guarantor is not required by the Joinders thereto, by the Subsidiary Guarantors in favor terms of the Administrative Agent Loan Agreement or any other Loan Document to consent to the amendments to the Loan Agreement effected pursuant to this Amendment No. 2 and (ii) nothing in the “Subsidiary Guaranty”Loan Agreement, and together with this Amendment No. 2 or any other Loan Document shall be deemed to require the Parent Guaranty, consent of such Guarantor to any future amendments to the “Guaranties”) will include all Obligations under, and as defined in, the Amended Credit Loan Agreement.

Appears in 1 contract

Samples: Term Loan Agreement (Taubman Centers Inc)

Reaffirmation of Guaranty. Each of the undersigned Guarantors Guarantor has read this Amendment No. 2 and consents to the terms hereof and further hereby confirms and agrees that, notwithstanding the effectiveness of this AmendmentAmendment No. 2, the obligations of such Guarantor under each of the Loan Documents to which such Guarantor is a party shall not be impaired and each of the Loan Documents to which such Guarantor is a party is, and shall continue to be, in full force and effect and is hereby confirmed and ratified in all respects. The Company Each of Borrower and the Guarantors hereby acknowledges and agrees that the Guarantied Obligations” Obligations under, and as defined in, the Amended and Restated Parent Guaranty dated as of January 11February 28, 20182013 or the Guaranty dated as of November 12, 2013, as applicable, by the Company such Guarantor in favor of the Administrative Agent and the Lenders (collectively, the “Parent Guaranty”) will include all Obligations under, and as defined in, the Amended Credit AgreementAgreement (as amended hereby). Each of the undersigned Subsidiary Guarantors hereby Guarantor acknowledges and agrees that (i) notwithstanding the “Guarantied Obligations” underconditions to effectiveness set forth in this Amendment No. 2, and as defined in, the Amended and Restated Subsidiary Guaranty dated as of January 11, 2018, as supplemented such Guarantor is not required by the Joinders thereto, by the Subsidiary Guarantors in favor terms of the Administrative Agent Credit Agreement or any other Loan Document to consent to the amendments to the Credit Agreement effected pursuant to this Amendment No. 2 and (ii) nothing in the “Subsidiary Guaranty”Credit Agreement, and together with this Amendment No. 2 or any other Loan Document shall be deemed to require the Parent Guaranty, consent of such Guarantor to any future amendments to the “Guaranties”) will include all Obligations under, and as defined in, the Amended Credit Agreement.

Appears in 1 contract

Samples: Revolving Credit Agreement (Taubman Centers Inc)

Reaffirmation of Guaranty. Each Guarantor reaffirms its guarantee of the undersigned Guarantors has read this Amendment Guaranteed Obligations (as defined in the Guaranty) under the terms and conditions of the Guaranty and agrees that such guarantee remains in full force and effect and is hereby ratified, reaffirmed and confirmed. Each Guarantor hereby confirms that it consents to the terms hereof and further hereby confirms and agrees that, notwithstanding the effectiveness of this First Amendment, including, without limitation, the extension of additional credit to the Borrower in the form of the New Term Loans in an aggregate principal amount of $150,000,000, which is in addition to the obligations owed by the Loan Parties under the Credit Agreement immediately prior to the First Amendment Effective Date and which constitutes “Guaranteed Obligations” of such Guarantor under the Guaranty as amended by this First Amendment. Each Guarantor hereby (i) confirms that each of the Loan Documents Document to which such Guarantor it is a party shall not be impaired or is otherwise bound will continue to guarantee to the fullest extent possible in accordance with the Loan Documents, the payment and performance of the Guaranteed Obligations, including without limitation the payment and performance of all such applicable Guaranteed Obligations that are joint and several obligations of each Guarantor now or hereafter existing; (ii) acknowledges and agrees that its Guaranty and each of the Loan Documents to which such Guarantor it is a party is, and or otherwise bound shall continue to be, in full force and effect and is hereby confirmed that all of its obligations thereunder shall be valid and ratified in all respects. The Company hereby acknowledges enforceable and agrees that the “Guarantied Obligations” under, and as defined in, the Amended and Restated Parent Guaranty dated as of January 11, 2018, shall not be impaired or limited by the Company in favor execution or effectiveness of the First Amendment; and (iii) acknowledges, agrees and warrants for the benefit of the Administrative Agent and each Secured Party that there are no rights of set-off or counterclaim, nor any defenses of any kind, whether legal, equitable or otherwise, that would enable such Guarantor to avoid or delay timely performance of its obligations under the Loan Documents (except to the “Parent Guaranty”) will include all extent such obligations constitute Excluded Swap Obligations under, and (as defined in, in the Amended Credit Agreement. Each of the undersigned Subsidiary Guarantors hereby acknowledges and agrees that the “Guarantied Obligations” under, and as defined in, the Amended and Restated Subsidiary Guaranty dated as of January 11, 2018, as supplemented by the Joinders thereto, by the Subsidiary Guarantors in favor of the Administrative Agent (the “Subsidiary Guaranty”, and together ) with the Parent Guaranty, the “Guaranties”) will include all Obligations under, and as defined in, the Amended Credit Agreementrespect to such Guarantor).

Appears in 1 contract

Samples: First Lien Credit Agreement (Advantage Solutions Inc.)

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