New Documents definition
Examples of New Documents in a sentence
However, except as otherwise expressly so amended or supplemented by New Documents, the Original Loan Documents remain in full force and effect.
Borrower hereby reaffirms the validity and continued enforceability of each and every term of the Original Loan Documents as set forth therein, except as expressly modified in this Agreement and other New Documents.
The Original Loan Documents shall be deemed to have been modified and supplemented as expressly set forth in this Agreement, including by the New Documents described below.
The term "Loan Documents" used in this Agreement and in Article III of the Loan Agreement (and elsewhere in the Loan Agreement) shall be deemed to refer not only to the Original Loan Documents, but also to this Agreement, the New Documents, all documents and agreements executed pursuant thereto, and all other duly executed written amendments or supplements thereto or modifications thereof.
The New Documents are Loan Documents under all of the Original Loan Documents.
Said liens and security interests in favor of the Bank securing the obligations described herein, in the New Note and the other New Documents executed pursuant hereto is of first priority, subject to no liens, claims, encumbrances, offsets or defenses of any kind.
The Bank shall have received duly executed consents, releases, and acknowledgements executed by the Partnership and/or the LLC and the other partners in the Partnership and/or the members in the LLC relating to the Collateral for the obligations owing to the Bank and the other issues raised by the transactions described herein, in the form of the New Documents described in Sections 3.1(d), (e) and (f).
Further, NIR and the Company mutually agree that the New Documents shall supersede the Original Documents in all respects.
Notwithstanding whether the Release Date occurs, neither the New Documents nor any of their terms shall be offered or received as evidence in any proceeding in any forum as an admission of any liability or wrongdoing on the party of any of the parties hereto.
No approval, authorization or other action of any court, governmental authority or agency is required to be obtained by Breakaway in connection with the execution, delivery and performance by Breakaway of this Settlement Agreement and the New Documents.