Common use of Acknowledgment and Ratification Clause in Contracts

Acknowledgment and Ratification. The Borrower and the Guarantors each (i) consent to the agreements in this Second Amendment and (ii) agree and acknowledge that the execution, delivery, and performance of this Second Amendment shall in no way release, diminish, impair, reduce, or otherwise affect the respective obligations of the Borrower or any Guarantor under the Loan Documents to which it is a party, which Loan Documents shall remain in full force and effect, as amended and waived hereby, and all rights thereunder are hereby ratified and confirmed.

Appears in 6 contracts

Sources: Credit Agreement (Quest Resource Corp), Credit Agreement (Quest Energy Partners, L.P.), Second Amended and Restated Credit Agreement (PostRock Energy Corp)

Acknowledgment and Ratification. The Borrower As a material inducement to Agent and the Guarantors each Banks to execute and deliver this Second Amendment, Borrower (ia) consent consents to the agreements in this Second Amendment and (iib) agree agrees and acknowledge acknowledges that the execution, delivery, and performance of this Second Amendment shall in no way release, diminish, impair, reduce, or otherwise affect the respective obligations of the Borrower or any Guarantor under the Loan Documents to which it is a partyRecapitalization Agreement, which Loan Documents shall remain in full force and effect, as amended and waived hereby, and all rights thereunder are hereby ratified and confirmed.

Appears in 3 contracts

Sources: Recapitalization Agreement (Darling International Inc), Recapitalization Agreement (Darling International Inc), Recapitalization Agreement (Darling International Inc)

Acknowledgment and Ratification. The Borrower Borrowers and the Guarantors each (i) consent to the agreements in this Second Amendment and (ii) agree and acknowledge that the execution, delivery, and performance of this Second Amendment shall in no way release, diminish, impair, reduce, or otherwise affect the respective obligations of the Borrower Borrowers or any Guarantor under the Loan Documents to which it is a party, which Loan Documents shall remain in full force and effect, as amended and waived hereby, and all rights thereunder are hereby ratified and confirmed.

Appears in 2 contracts

Sources: Second Amended and Restated Credit Agreement (PostRock Energy Corp), Credit Agreement (Quest Resource Corp)

Acknowledgment and Ratification. The Borrower As a material inducement to ------------------------------- Agent and the Guarantors each Banks to execute and deliver this Second Amendment, Borrower (ia) consent consents to the agreements in this Second Amendment and (iib) agree agrees and acknowledge acknowledges that the execution, delivery, and performance of this Second Amendment shall in no way release, diminish, impair, reduce, or otherwise affect the respective obligations of the Borrower or any Guarantor under the Loan Documents to which it is a partyRecapitalization Agreement, which Loan Documents shall remain in full force and effect, as amended and waived hereby, and all rights thereunder are hereby ratified and confirmed.

Appears in 1 contract

Sources: Recapitalization Agreement (Bank One Corp)

Acknowledgment and Ratification. The Borrower As a material inducement to the Administrative Agent and the Guarantors each (i) consent Lenders to the agreements in execute and deliver this Second Amendment Amendment, the Borrower agrees and (ii) agree and acknowledge acknowledges that the execution, delivery, and performance of this Second Amendment shall shall, except as expressly provided herein, in no way release, diminish, impair, reduce, or otherwise affect the respective obligations of the Borrower or any Guarantor under the Loan Documents to which it is a partyDocuments, which Loan Documents shall remain in full force and effect, as amended and waived hereby, and all rights thereunder are hereby ratified and confirmed.

Appears in 1 contract

Sources: Credit Agreement (Enbridge Energy Partners Lp)