CONSENT AND REAFFIRMATION OF GUARANTORS. Each of the undersigned Guarantors hereby consents to the execution, delivery and performance by Borrower and the Agent of the foregoing Amendment No. 3 ("Amendment No. 3"). In connection therewith, each of the undersigned expressly and knowingly reaffirms its liability under the Guaranty to which it is a party executed and delivered by such Guarantor in favor of the Agent (on behalf of the Lenders), and expressly agrees to be and remain liable under the terms of such Guaranty for the Guarantied Obligations described therein and acknowledges that it has no defense, offset or counterclaim whatsoever against the Agent or the Lenders with respect to such Guaranty. Each of the undersigned further agrees that such Guaranty shall remain in full force and effect and is hereby ratified and confirmed.
Appears in 1 contract
Sources: Revolving Loan Agreement (Central Financial Acceptance Corp)
CONSENT AND REAFFIRMATION OF GUARANTORS. Each of the undersigned Guarantors hereby consents to the execution, delivery and performance by Borrower and the Agent of the foregoing Amendment No. 3 2 ("Amendment No. 32"). In connection therewith, each of the undersigned expressly and knowingly reaffirms its liability under the Guaranty to which it is a party executed and delivered by such Guarantor in favor of the Agent (on behalf of the Lenders), and expressly agrees to be and remain liable under the terms of such Guaranty for the Guarantied Obligations described therein and acknowledges that it has no defense, offset or counterclaim whatsoever against the Agent or the Lenders with respect to such Guaranty. Each of the undersigned further agrees that such Guaranty shall remain in full force and effect and is hereby ratified and confirmed.
Appears in 1 contract
Sources: Revolving Loan Agreement (Central Financial Acceptance Corp)