Common use of Reaffirmations and Acknowledgments Clause in Contracts

Reaffirmations and Acknowledgments. Each of ▇▇▇▇▇▇▇▇ and Guarantor hereby: (i) acknowledges, confirms, affirms and reaffirms in all respects the terms and provisions of, and confirms the validity and effectiveness of, each of the Loan Documents to which it is a party; (ii) acknowledges, confirms, affirms and reaffirms its respective obligations, guarantees and security interests under each of the Loan Documents to which it is a party; and (iii) confirms and agrees that it has no defenses to or offsets against any of its respective obligations under any of the Loan Documents to which it is a party (any such offset, defense or counterclaim as may exist being hereby irrevocable waived by each of Borrower and Guarantor).

Appears in 2 contracts

Sources: Credit Agreement (FlexShopper, Inc.), Credit Agreement (FlexShopper, Inc.)

Reaffirmations and Acknowledgments. Each of ▇▇▇▇▇▇▇▇ Borrower and each Guarantor hereby: (i) acknowledges, confirms, affirms and reaffirms in all respects the terms and provisions of, and confirms the validity and effectiveness of, each of the Loan Documents to which it is a party; (ii) acknowledges, confirms, affirms and reaffirms its respective obligations, guarantees and security interests under each of the Loan Documents to which it is a party; and (iii) confirms and agrees that it has no defenses to or offsets against any of its respective obligations under any of the Loan Documents to which it is a party (any such offset, defense or counterclaim as may exist being hereby irrevocable waived by each of Borrower and such Guarantor).

Appears in 2 contracts

Sources: Credit Agreement (FlexShopper, Inc.), Credit Agreement (FlexShopper, Inc.)