Common use of Ratification by Borrower Clause in Contracts

Ratification by Borrower. Except as expressly modified and superseded by this Fourth Amendment, the terms and provisions of the Loan Agreement are ratified and confirmed and continue in full force and effect. The Loan Agreement as amended by this Fourth Amendment and the other Loan Documents continue to be legal, valid, binding and enforceable in accordance with their respective terms.

Appears in 2 contracts

Sources: Loan Agreement (United Mortgage Trust), Loan Agreement (United Mortgage Trust)