Common use of Ratification of Obligations Clause in Contracts

Ratification of Obligations. Borrower ratifies and reaffirms the --------------------------- Obligations, without setoff, defense, or counterclaim. Borrower agrees fully and faithfully to pay, perform and discharge, as and when payment, performance and discharge are due, all of the Obligations under the Loan Agreement, as amended hereby.

Appears in 2 contracts

Sources: Revolving Loan and Security Agreement (Iprint Technologies Inc), Revolving Credit and Security Agreement (Avanex Corp)

Ratification of Obligations. Borrower ratifies and reaffirms the --------------------------- Obligations, without setoff, defense, or counterclaim. Borrower agrees fully and faithfully to pay, perform and discharge, as and when payment, performance and discharge are due, all of the Obligations under the Loan Agreement, as amended hereby.

Appears in 1 contract

Sources: Revolving Credit and Security Agreement (Avanex Corp)