Common use of Acknowledgment and Ratification Clause in Contracts

Acknowledgment and Ratification. As a material inducement to the Administrative Agent and the Lenders to execute and deliver this Amendment, the Borrower acknowledges and agrees that the execution, delivery, and performance of this Amendment shall, except as expressly provided herein, in no way release, diminish, impair, reduce, or otherwise affect the obligations of the Borrower under the Loan Documents, which Loan Documents shall remain in full force and effect.

Appears in 3 contracts

Sources: Credit Agreement (RSP Permian, Inc.), Credit Agreement (RSP Permian, Inc.), Credit Agreement (RSP Permian, Inc.)

Acknowledgment and Ratification. As a material inducement to the Administrative Agent and the Lenders to execute and deliver this Amendment, the Borrower acknowledges Borrowers acknowledge and agrees agree that the execution, delivery, and performance of this Amendment shall, except as expressly provided herein, in no way release, diminish, impair, reduce, or otherwise affect the obligations of the Borrower Credit Parties under the Loan Documents, which Loan Documents shall remain in full force and effect.

Appears in 2 contracts

Sources: Revolving and Term Loan Credit Agreement (American Midstream Partners, LP), Revolving and Term Loan Credit Agreement (American Midstream Partners, LP)

Acknowledgment and Ratification. As a material inducement to the Administrative Agent and the Lenders Bank to execute and deliver this Amendment, the each Borrower acknowledges and agrees that the execution, delivery, and performance of this Amendment shall, except as expressly provided herein, in no way release, diminish, impair, reduce, or otherwise affect the obligations of the any Borrower under the Loan DocumentsAgreement and each other document executed in connection therewith, which Loan Documents documents shall remain in full force and effect.

Appears in 2 contracts

Sources: Loan Agreement (Mexco Energy Corp), Loan Agreement (Mexco Energy Corp)

Acknowledgment and Ratification. As a material inducement to the Administrative Agent and the Lenders to execute and deliver this Amendment, the Borrower agrees and acknowledges and agrees that the execution, delivery, and performance of this Amendment shall, except as expressly provided herein, in no way release, diminish, impair, reduce, or otherwise affect the obligations of the Borrower under the Loan Documents, which Loan Documents shall remain in full force and effect.

Appears in 2 contracts

Sources: Credit Agreement (Enbridge Energy Partners Lp), Credit Agreement (Enbridge Energy Partners Lp)

Acknowledgment and Ratification. As a material inducement to the Administrative Agent and the Lenders to execute and deliver this Amendment, the Borrower agrees and acknowledges and agrees that the execution, delivery, and performance of this Amendment shall, except as expressly provided herein, in no way release, diminish, impair, reduce, or otherwise affect the obligations Obligations of the Borrower under the Loan Documents, which Loan Documents shall remain in full force and effect.

Appears in 1 contract

Sources: Credit Agreement (Enbridge Energy Partners Lp)

Acknowledgment and Ratification. As a material inducement to the Administrative Agent Each of New Borrower and the Lenders to execute Existing Borrower agrees and deliver this Amendment, the Borrower acknowledges and agrees that the execution, delivery, and performance of this Amendment shall, except as expressly provided herein, in no way release, diminish, impair, reduce, or otherwise affect the obligations of the Borrower “Borrower” under the Loan Documents, which Loan Documents shall remain in full force and effect.

Appears in 1 contract

Sources: Credit Agreement (Equitable Resources Inc /Pa/)

Acknowledgment and Ratification. As a material inducement to the Administrative Agent and the Lenders to execute and deliver this Amendment, the Borrower acknowledges and agrees that the execution, delivery, and performance of this Amendment shall, except as expressly provided herein, in no way release, diminish, impair, reduce, or otherwise affect the obligations of the Borrower and each Guarantor under the Loan Documents, which Loan Documents shall remain in full force and effect.

Appears in 1 contract

Sources: Credit Agreement (RSP Permian, Inc.)

Acknowledgment and Ratification. As a material inducement to the Administrative Agent The Borrower agrees and the Lenders to execute and deliver this Amendment, the Borrower acknowledges and agrees that the execution, delivery, and performance of this Amendment shall, except as expressly provided herein, in no way release, diminish, impair, reduce, or otherwise affect the obligations of the Borrower under the Loan Documents, which Loan Documents shall remain in full force and effect.

Appears in 1 contract

Sources: Credit Agreement (Equitable Resources Inc /Pa/)

Acknowledgment and Ratification. As a material inducement to the Administrative Agent Agent, the L/C Issuer and the Lenders to execute and deliver this Amendment, the Borrower acknowledges and agrees that the execution, delivery, and performance of this Amendment shall, except as expressly provided herein, shall in no way release, diminish, impair, reduce, or otherwise affect the obligations of the Borrower under the Loan DocumentsDocuments to which it is a party, which Loan Documents shall remain in full force and effect.

Appears in 1 contract

Sources: Credit Agreement (Oneok Inc /New/)