Consent of Obligors Sample Clauses

Consent of Obligors. Each of the Obligors acknowledges and consents to the execution and delivery by the Borrower and Xxxxx of this Agreement on the terms specified herein and the performance by each such Person of its respective obligations hereunder, under the Credit Agreement (as amended hereby), the other Operative Documents and the Financing Agreements. Each Obligor, by signing this Agreement, confirms and agrees with the Banks that (a) all of its obligations under the Guarantee and/or the Pledge Agreement (as the case may be) shall remain in full force and effect and are hereby ratified and confirmed, and (b) its grant (as the case may be) to the Banks of a security interest under the Operative Documents to which it is a party shall remain in full force and effect and is hereby ratified and confirmed.
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Consent of Obligors. Each Obligor consents to the foregoing and agrees that any Lender acquiring a participation pursuant to the foregoing arrangements may exercise against such Obligor all rights of set-off, banker’s lien, counterclaim or similar rights with respect to such participation as fully as if such Lender were a direct creditor of such Obligor in the amount of such participation.
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Consent of Obligors. Each Obligor hereby consents to the provisions of this Agreement and the intercreditor arrangements provided for herein and agrees that the obligations of the Obligors under the Debt Documents will in no way be diminished or otherwise affected by such provisions or arrangements.
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Consent of Obligors. The Obligors agree that, subject to the terms hereof, the Bank may take possession of the Collateral pursuant to N.J.S.A. 12A:9-503 of the Code and, upon receipt by the Bank of the Initial Payment and upon payment in full of the Note, such amounts shall be credited against the outstanding principal amount of the Revolving Note. The Obligors, the Purchaser and the Stockholder agree that, notwithstanding anything in N.J.S.A. 12A-9-504 to the contrary, the security interest of the Bank in the Collateral granted by the Company shall continue in full force and effect upon the sale of the Collateral to the Purchaser as collateral security for all obligations of the Obligors to the Bank under the Loan Agreement and the other Loan Documents. The Obligors shall continue to be fully liable for the remaining outstanding principal amount of the Revolving Note and all other obligations under the Loan Documents.
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Consent of Obligors. Each of the Obligors acknowledges and consents to the execution and delivery of this Amendment Agreement on the terms specified herein and the performance by each such Person of its respective obligations hereunder, under the Credit Agreement (as amended hereby) and the other Loan Documents. Each Obligor, by signing this Amendment Agreement, confirms and agrees with the Lenders and the Agents that (a) all of its obligations under the relevant Security Documents shall remain in full force and effect and are hereby ratified and confirmed, and (b) its grant (as the case may be) to the Lenders and the Agents of a security interest under the Security Documents to which it is a party shall remain in full force and effect and is hereby ratified and confirmed.
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Related to Consent of Obligors

  • Release of Obligors Any full or partial release of the liability of Borrower on the Guaranteed Obligations, or any part thereof, or of any co-guarantors, or any other person or entity now or hereafter liable, whether directly or indirectly, jointly, severally, or jointly and severally, to pay, perform, guarantee or assure the payment of the Guaranteed Obligations, or any part thereof, it being recognized, acknowledged and agreed by Guarantor that Guarantor may be required to pay the Guaranteed Obligations in full without assistance or support of any other party, and Guarantor has not been induced to enter into this Guaranty on the basis of a contemplation, belief, understanding or agreement that other parties will be liable to pay or perform the Guaranteed Obligations, or that Lender will look to other parties to pay or perform the Guaranteed Obligations.

  • Reaffirmation of Obligations Each Loan Party (a) acknowledges and consents to all of the terms and conditions of this Amendment, (b) affirms all of its obligations under the Loan Documents and (c) agrees that this Amendment and all documents executed in connection herewith do not operate to reduce or discharge such Loan Party’s obligations under the Loan Documents.

  • Supplemental Agreements with Consent of Holders With the consent of the Holders of not less than a majority of the outstanding Purchase Contracts voting together as one class, by Act of said Holders delivered to the Company and the Agent, the Company, when authorized by a Board Resolution, and the Agent may enter into an agreement or agreements supplemental hereto for the purpose of modifying in any manner the terms of the Purchase Contracts, or the provisions of this Agreement or the rights of the Holders in respect of the Securities; provided, however, that, except as contemplated herein, no such supplemental agreement shall, without the consent of the Holder of each Outstanding Security affected thereby,

  • Affirmation of Obligations Each of the Credit Parties hereby acknowledges, agrees and affirms (a) its obligations under the Credit Agreement and the other Loan Documents, including, without limitation, its guaranty obligations thereunder, (b) that such guaranty shall apply to the Obligations in accordance with the terms thereof, (c) the grant of the security interest in all of its assets pursuant to the Loan Documents and (d) that such liens and security interests created and granted are valid and continuing and secure the Obligations in accordance with the terms thereof.

  • Ratification of Obligations Except as specifically modified herein, the Indenture and the Notes are in all respects ratified and confirmed (mutatis mutandis) and shall remain in full force and effect in accordance with their terms.

  • Amendments with Consent of Holders (a) Subject to Section 5.1 (which amendments pursuant to Section 5.1 may be made without the consent of any Holder), with the written consent of the Holders of not less than a majority of the outstanding CVRs as set forth in the CVR Register, whether evidenced in writing or taken at a meeting of the Holders, Parent and the Rights Agent may enter into one or more amendments hereto for the purpose of adding, eliminating or changing any provisions of this Agreement, even if such addition, elimination or change is materially adverse to the interest of the Holders.

  • Supplemental Agreements Without Consent of Holders Without the consent of any Holders, the Company and the Agent, at any time and from time to time, may enter into one or more agreements supplemental hereto, in form satisfactory to the Company and the Agent, for any of the following purposes:

  • Acknowledgment of Obligations I acknowledge that my obligations under this Agreement are in addition to, and do not limit, any and all obligations concerning the same subject matter arising under any applicable law including, without limitation, common law duties of loyalty and common law and statutory law relating to trade secrets.

  • Independence of Obligations The covenants and obligations of Stockholder set forth in this Agreement shall be construed as independent of any other agreement or arrangement between Stockholder, on the one hand, and the Company or Parent, on the other. The existence of any claim or cause of action by Stockholder against the Company or Parent shall not constitute a defense to the enforcement of any of such covenants or obligations against Stockholder.

  • Consent of Guarantors Each of the Guarantors shall have executed and delivered to the Agent the Consent.

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