Common use of Acknowledgement of Security Interests Clause in Contracts

Acknowledgement of Security Interests. Each Loan Party hereby acknowledges, confirms and agrees that the Collateral Agent, for itself and the benefit of Senior Secured Parties, has and shall continue to have valid, enforceable and perfected first-priority liens (subject only to Permitted Liens) upon and security interests in the Collateral granted to the Collateral Agent, for itself and the benefit of Senior Secured Parties, pursuant to the Financing Documents.

Appears in 7 contracts

Samples: Credit Agreement (Pacific Ethanol, Inc.), Credit Agreement (Pacific Ethanol, Inc.), Credit Agreement (Pacific Ethanol, Inc.)

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Acknowledgement of Security Interests. Each Loan Party hereby acknowledges, confirms and agrees that the Collateral Agent, for itself and the benefit of Senior Secured PartiesAgents and Lenders, has and shall continue to have valid, enforceable and perfected first-priority liens (subject only to Permitted Liens) upon and security interests in the Collateral granted to the Collateral Agent, for itself and the benefit of Senior Secured Partiesthe Agent and Lenders, pursuant to the Financing DocumentsLoan Documents or otherwise granted to or held by Collateral Agent, for itself and the benefit of the Agents and Lenders.

Appears in 4 contracts

Samples: Forbearance Agreement, Credit Agreement (Imperial Petroleum Inc), Credit Agreement (Imperial Petroleum Inc)

Acknowledgement of Security Interests. Each Loan Party hereby acknowledges, confirms and agrees that the Collateral Agent, for itself and the benefit of Senior Secured PartiesAgent and the Lenders, has and shall continue to have valid, enforceable and perfected first-priority liens (subject only to Permitted Liens) upon and security interests in the Collateral granted to the Collateral Agent, for itself and the benefit of Senior Secured PartiesAgent and the Lenders, pursuant to the Financing DocumentsLoan Documents or otherwise granted to or held by Agent, for the benefit Agent and the Lenders.

Appears in 3 contracts

Samples: Forbearance Agreement (Paincare Holdings Inc), Forbearance Agreement (Paincare Holdings Inc), Forbearance Agreement (Paincare Holdings Inc)

Acknowledgement of Security Interests. Each Loan Borrower Party hereby acknowledges, confirms and agrees that the Collateral Agent, for itself and the benefit of Senior Secured Parties, has and shall continue to have valid, enforceable and perfected first-priority liens (subject only to Permitted Liens) upon and security interests in the Collateral granted to the Collateral Agent, for itself and the benefit of Senior Secured Parties, pursuant to the Financing Documents.

Appears in 2 contracts

Samples: Credit Agreement (Pacific Ethanol, Inc.), Credit Agreement (Pacific Ethanol, Inc.)

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Acknowledgement of Security Interests. Each Loan Party hereby acknowledges, confirms and agrees that the Collateral Agent, for itself and the benefit of Senior Secured PartiesAgents and Lenders, has and shall continue to have valid, enforceable and perfected first-first- priority liens (subject only to Permitted Liens) upon and security interests in the Collateral granted to the Collateral Agent, for itself and the benefit of Senior Secured Partiesthe Agents and Lenders, pursuant to the Financing DocumentsLoan Documents or otherwise granted to or held by Collateral Agent, for itself and the benefit of the Agents and Lenders.

Appears in 1 contract

Samples: Forbearance Agreement (Imperial Petroleum Inc)

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