Common use of Scope of Amendment; Reaffirmation; Release Clause in Contracts

Scope of Amendment; Reaffirmation; Release. All references to the Loan Agreement shall refer to the Loan Agreement as amended by this Amendment. Except as affected by this Amendment, the Loan Agreement and Security Instruments (collectively, the “Loan Documents”) are unchanged and continue in full force and effect. However, in the event of any inconsistency between the terms of the Loan Agreement (as amended by this Amendment) and any other Loan Document, the terms of the Loan Agreement shall control and such other document shall be deemed to be amended to conform to the terms of the Loan Agreement. Each Borrower hereby reaffirms its obligations under the Loan Documents to which it is a party and agrees that all Loan Documents to which it is a party remain in full force and effect and continue to be legal, valid, and binding obligations enforceable in accordance with their terms (as the same are affected by this Amendment). Each Borrower hereby releases Lender from any liability for actions or omissions in connection with the Loan Agreement and the other Loan Documents prior to the date of this Amendment.

Appears in 4 contracts

Samples: Loan Agreement (Adams Resources & Energy Inc), Loan Agreement (Adams Resources & Energy, Inc.), Loan Agreement (Adams Resources & Energy, Inc.)

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Scope of Amendment; Reaffirmation; Release. All references to the Loan Credit Agreement shall refer to the Loan Credit Agreement as amended affected by this Amendment. Except as affected by this Amendment, the Loan Agreement and Security Instruments (collectively, the “Loan Documents”) Documents are unchanged and continue in full force and effect. However, in the event of any inconsistency between the terms of the Loan Credit Agreement (as amended affected by this Amendment) and any other Loan Document, the terms of the Loan Credit Agreement (as affected by this Amendment) shall control and such other document shall be deemed to be amended to conform to the terms of the Loan AgreementCredit Agreement (as amended by this Amendment). Each Borrower hereby reaffirms its obligations under the Loan Documents to which it is a party and agrees that all Loan Documents to which it is a party remain in full force and effect and continue to be legal, valid, and binding obligations enforceable in accordance with their terms (as the same are affected by this Amendment). Each Borrower hereby releases Lender from any liability for actions or omissions in connection with the Loan Agreement and the other Loan Documents prior to the date of this Amendment.

Appears in 3 contracts

Samples: Security Agreement (Arabian American Development Co), Credit Agreement (Arabian American Development Co), Credit Agreement (Arabian American Development Co)

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Scope of Amendment; Reaffirmation; Release. All references to the Loan Credit Agreement shall refer to the Loan Credit Agreement as amended by this Fifth Amendment. Except as affected by this Fifth Amendment, the Loan Agreement and Security Instruments (collectively, the “Loan Documents”) Documents are unchanged and continue in full force and effect. However, in the event of any inconsistency between the terms of the Loan Credit Agreement (as amended by this Fifth Amendment) and any other Loan Document, the terms of the Loan Credit Agreement shall control and such other document shall be deemed to be amended to conform to the terms of the Loan Credit Agreement. Each Borrower hereby reaffirms its obligations under the Loan Documents to which it is a party and agrees that all Loan Documents to which it is they are a party remain in full force and effect and continue to be legal, valid, and binding obligations enforceable in accordance with their terms (as the same are affected by this Fifth Amendment). Each Borrower hereby releases Lender from any liability for actions or omissions (other than any liability resulting from Lender’s gross negligence or willful misconduct) in connection with the Loan Credit Agreement and the other Loan Documents prior to the date of this AmendmentFifth Amendment Closing Date.

Appears in 1 contract

Samples: Term Credit Agreement (Rancher Energy Corp.)

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