Example ContractsClausesReaffirmation of the Loan Parties
Reaffirmation of the Loan Parties
Reaffirmation of the Loan Parties contract clause examples

Reaffirmation of the Loan Parties. Each of the Loan Parties confirms and agrees that, notwithstanding the effectiveness of this Agreement, each Loan Document to which each Loan Party is a party is, and the obligations of each Loan Party contained in the Credit Agreement, this Agreement or in any other Loan Document to which it is a party are, and shall continue to be, in full force and effect and are hereby ratified and confirmed in all respects, in each case as amended by this Agreement. For greater certainty and without limiting the foregoing, each of the Loan Parties hereby confirms that the existing security interests granted by each Loan Party in favor of the Administrative Agent for the benefit of, among others, the Lenders pursuant to the Loan Documents in the Collateral described therein shall continue to secure the obligations of the Loan Parties under the Credit Agreement and the other Loan Documents as and to the extent provided in the Loan Documents.

Reaffirmation of Loan Parties. Each Loan Party # consents to the execution and delivery of this Amendment, # reaffirms all of its obligations and covenants under the Loan Documents (including, without limitation, the Collateral Documents and the Loan Guaranty) to which it is a party, and # agrees that none of its respective obligations and covenants shall be reduced or limited by the execution and delivery of this Amendment.

Reaffirmation of the Loan. Borrower reaffirms all of its obligations under the Loan Agreement, and Borrower acknowledges that it has no claims, offsets, or defenses with respect to payment of sums due under the Loan Agreement or the Original Note.

Reaffirmation of the Loan Parties. Each Loan Party hereby consents to the amendment of the Existing Credit Agreement effected hereby and confirms and agrees that, notwithstanding the effectiveness of this Amendment, each Loan Document to which any Loan Party is a party is, and the obligations of such Loan Party contained in the Existing Credit Agreement, this Amendment or in any other Loan Document to which it is a party are, and shall continue to be, in full force and effect and are hereby ratified and confirmed in all respects, in each case as amended by this Amendment. For the avoidance of doubt and without limiting the foregoing, each Loan Party hereby confirms that # the Guaranties shall continue in full force and effect and are hereby reaffirmed and # the existing security interests granted by such Loan Party in favor of the Collateral Agent for the benefit of the Secured Parties (including, without limitation, the 2020 Revolving Credit Lenders[[Borrower:Organization]] pursuant to the Loan Documents in the Collateral described therein shall continue to secure the Secured Obligations of the Loan Parties under the Amended Credit Agreement, the other Group Amended Credit Agreements, as applicable, and the other Loan Documents as and to the extent provided in the Loan Documents.

will cause the management, business and affairs of the Company and its Restricted Subsidiaries to be conducted in such a manner (including, without limitation, by keeping separate books of account, furnishing separate balance sheets and income statements of Unrestricted Subsidiaries to creditors and potential creditors thereof (to the extent required hereunder) and by not permitting properties of Unrestricted Subsidiaries to be commingled with those of the Loan Parties) so that each Unrestricted Subsidiary will be treated as an entity separate and distinct from the Company and its Restricted Subsidiaries;

Loan Parties. Set forth on [Schedule 5.18(b)] is a complete and accurate list of all Loan Parties, showing as of the Closing Date: # the exact legal name; # any former legal names of such Loan Party in the five (5) years prior to the Closing Date; # the jurisdiction of its incorporation or organization, as applicable; # the address of its chief executive office; # its U.S. federal taxpayer identification number; and # the organization identification number (if any).

Reaffirmation of the Loan Parties. Each Loan Party and each Mission Equity Holder hereby consents to the amendment of the Existing Credit Agreement effected hereby and confirms and agrees that, notwithstanding the effectiveness of this Amendment, each Loan Document to which any Loan Party or Mission Equity Holder is a party is, and the obligations of such Person contained in the Existing Credit Agreement, this Amendment or in any other Loan Document to which it is a party are, and shall continue to be, in full force and effect and are hereby ratified and confirmed in all respects, in each case as amended by this Amendment. For the avoidance of doubt and without limiting the foregoing, each Loan Party and each Mission Equity Holder hereby confirms that # the Guaranties shall continue in full force and effect and are hereby reaffirmed and # the existing security interests granted by such Person in favor of the Collateral Agent for the benefit of the Secured Parties (including, without limitation, the Term B-4 Lender[[Borrower:Organization]] pursuant to the Loan Documents in the Collateral described therein shall continue to secure the Secured Obligations of the Loan Parties under the Amended Credit Agreement and the other Group Credit Agreements, as applicable, and the other Loan Documents as and to the extent provided in the Loan Documents.

will cause the management, business and affairs of the Company and its Restricted Subsidiaries to be conducted in such a manner (including, without limitation, by keeping separate books of account, furnishing separate balance sheets and income statements of Unrestricted Subsidiaries to creditors and potential creditors thereof (to the extent required hereunder) and by not permitting properties of Unrestricted Subsidiaries to be commingled with those of the Loan Parties) so that each Unrestricted Subsidiary will be treated as an entity separate and distinct from the Company and its Restricted Subsidiaries;

Reaffirmation of the Loan Parties. Each Loan Party and each Mission Equity Holder hereby consents to the amendment of the Existing Credit Agreement effected hereby and confirms and agrees that, notwithstanding the effectiveness of this Amendment, each Loan Document to which any Loan Party or Mission Equity Holder is a party is, and the obligations of such Person contained in the Existing Credit Agreement, this Amendment or in any other Loan Document to which it is a party are, and shall continue to be, in full force and effect and are hereby ratified and confirmed in all respects, in each case as amended by this Amendment. For the avoidance of doubt and without limiting the foregoing, each Loan Party and each Mission Equity Holder hereby confirms that # the Guaranties shall continue in full force and effect and are hereby reaffirmed and # the existing security interests granted by such Person in favor of the Collateral Agent for the benefit of the Secured Parties (including, without limitation, the 2020 Revolving Credit Lenders[[Borrower:Organization]] pursuant to the Loan Documents in the Collateral described therein shall continue to secure the Secured Obligations of the Loan Parties under the Amended Credit Agreement, the Amended Nexstar Credit Agreement, and the other Loan Documents as and to the extent provided in the Loan Documents.

Reaffirmation of the Loan. Borrower reaffirms all of its obligations under the Loan Agreement, and Borrower acknowledges that it has no claims, offsets, or defenses with respect to payment of sums due under the Loan Agreement or the Original Note.

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