Common use of Reaffirmations and Acknowledgments Clause in Contracts

Reaffirmations and Acknowledgments. The Borrower hereby acknowledges that, as of the date hereof, the security interests and Liens granted to the Agent and the Secured Parties under the Credit Agreement and the other Loan Documents are in full force and effect, are properly perfected and are enforceable in accordance with the terms of the Credit Agreement and the other Loan Documents, except as enforceability may be limited by bankruptcy, insolvency or similar laws affecting the enforcement of creditors’ rights generally and by general principles of equity.

Appears in 4 contracts

Samples: Credit Agreement (Pico Holdings Inc /New), Credit Agreement (Pico Holdings Inc /New), Credit Agreement (Pico Holdings Inc /New)

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Reaffirmations and Acknowledgments. The Each of the Borrower and the Parent Guarantor hereby acknowledges that, as of the date hereof, the security interests and Liens granted to the Agent and the Secured Parties under the Credit Agreement and the other Loan Documents are in full force and effect, are properly perfected and are enforceable in accordance with the terms of the Credit Agreement and the other Loan Documents, except as enforceability may be limited by bankruptcy, insolvency or similar laws affecting the enforcement of creditors’ rights generally and by general principles of equity.

Appears in 3 contracts

Samples: Credit Agreement (Pico Holdings Inc /New), Credit Agreement (Pico Holdings Inc /New), Credit Agreement (Pico Holdings Inc /New)

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Reaffirmations and Acknowledgments. The Borrower hereby acknowledges that, as of the date hereof, the security interests and Liens granted to the Agent and the Secured Parties under the Credit Agreement and the other Loan Documents are in full force and effect, are properly perfected and are enforceable in accordance with the terms of the Credit Agreement and the other Loan Documents, except as enforceability may be limited by bankruptcy, insolvency or similar laws affecting the enforcement of creditors’ rights generally and by general principles of equity.

Appears in 1 contract

Samples: Credit Agreement (Pico Holdings Inc /New)

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