Acknowledgment of Liens and Priority. Except for Permitted Liens, pursuant to the Existing Loan Documents, to the best of Borrowers' knowledge, the Lender Group holds first priority, perfected security interests in and liens upon the Borrowers' assets, wherever located, including assets now owned or hereafter acquired, and as more specifically described in the Existing Loan Documents. Such security interests and liens secure all of the Obligations now or hereafter incurred, including, without limitation, the Current Outstanding Obligations and all other amounts now or hereafter owed by the Borrowers to the Lender Group under the Existing Loan Documents. For purposes of this Fourth Amendment, the word "Obligations" shall mean any and all obligations and liabilities of the Borrowers to the Lender Group, of every kind and description, direct and indirect, absolute and contingent, sole, joint, several, or joint and several, primary or secondary, due or to become due, now existing or hereafter arising, regardless of how they arise or by what agreement or instrument they may be evidenced or whether evidenced by any agreement or instrument and includes obligations to perform acts and refrain from taking actions as well as obligations to pay money, and also includes the Current Outstanding Obligations.
Acknowledgment of Liens and Priority. Each Loan Party acknowledges and agrees that pursuant to the Credit Agreement and the Loan Documents, Administrative Agent holds first priority, perfected security interests in, and Liens upon all of the Collateral of each Loan Party wherever located, now owned or hereafter acquired or arising, subject only to Permitted Liens.
Acknowledgment of Liens and Priority. The Borrower, the U.S. Guarantors and the European Subsidiaries as of the date of this Second Waiver Agreement acknowledge and agree that pursuant to the Loan Documents, as security for all of the Obligations, the Bank holds, and the Borrower and U.S. Guarantors hereby grant and reaffirm their prior grant of, first priority, perfected security interests in and liens upon all of the Borrower's and U.S. Guarantors' assets, wherever located, now owned or hereafter acquired, including, without limitation, such assets as more specifically described in the Loan Documents, and first priority mortgage liens upon and security interests in: (i) the Pennsylvania Property, (ii) the Ohio Property, and (iii) the Minnesota Property (all of the foregoing assets and property, collectively "Bank's Mortgages, Liens and Security Interests").
Acknowledgment of Liens and Priority. Pursuant to the Credit Documents and except as specifically set forth therein, the Collateral Agent, for the benefit of the Secured Creditors, holds first priority, perfected security interests in and liens upon all of the Collateral, wherever located, including all Collateral now owned or hereafter acquired, and as more specifically described in the Credit Documents. Holdings and LaSalle Re Holdings will, and each will cause its Subsidiaries to, as promptly as possible, take all actions and execute all documents requested by the Collateral Agent in regard to such security interests and liens as required by the Credit Documents. Such security interests and liens secure all of the Obligations (as defined in the Pledge Agreement), including, without limitation, the Current Outstanding Obligations.
Acknowledgment of Liens and Priority. The Borrower, the Guarantors, and the European Subsidiaries acknowledge and agree that pursuant to the Loan Documents, the Bank holds first priority, perfected security interests in and liens upon all of the Borrower's and Guarantors assets, wherever located, now owned or hereafter acquired, and as more specifically described in the Loan Documents, and a first priority mortgage lien upon and security interest in: (i) the Pennsylvania Property, (ii) the Ohio Property, and (iii) the Minnesota Property (collectively "Bank's Mortgages, Liens and Security Interests").
Acknowledgment of Liens and Priority. Pursuant to the Existing Loan Documents, the Bank holds first priority, perfected security interests in, liens upon and charges against all of the ECC Group's assets, wherever located, now owned or hereafter acquired, and as more specifically described in the Existing Loan Documents. Such security interests, liens and charges secure all of the Obligations including, without limitation, all amounts owed under the Existing Loan Documents. For purposes of this Forbearance Agreement, the word "Obligations" shall mean any and all obligations and liabilities to the Bank, of every kind and description, direct and indirect, absolute and contingent, sole, joint, several, or joint and several, primary or secondary, due or to become due, now existing or hereafter arising, regardless of how they arise or by what agreement or instrument they may be evidenced or whether evidenced by any agreement or instrument and includes obligations to perform acts and refrain from taking actions as well as obligations to pay money, and also includes the "Liabilities" as defined in the Existing Loan Documents and the Current Outstanding Obligations.
Acknowledgment of Liens and Priority. Pursuant to the Credit Documents and except as specifically set forth therein or herein, the Agent, for the benefit of the Lenders, holds first priority, perfected security interests in and liens upon all of the Borrowers' assets, wherever located, including assets now owned or hereafter acquired, and as more specifically described in
Acknowledgment of Liens and Priority. Pursuant to the Existing Loan Documents, the Bank holds first priority, perfected security interests in, liens upon and charges against all of the ECC Group's assets, wherever located, now owned or hereafter acquired, and as more specifically described in the Existing Loan Documents. Such security interests, liens and charges secure all of the Obligations including, without limitation, all amounts owed under the Existing Loan Documents.
Acknowledgment of Liens and Priority. Upon proper recordation of the South Carolina Mortgage and the proper filing of the UCC-l financing statements executed in connection herewith, the Borrowers acknowledge that the Bank holds perfected security interests in and liens upon all of each Borrower's personal property, real estate and fixtures wherever located, now or hereafter acquired. Such liens and security interests granted to the Bank secure all of the Bank Indebtedness, including, without limitation, all amounts owed by the Borrowers to the Bank under the Loan Agreement, the Amended Note and the other Loan Documents.
Acknowledgment of Liens and Priority. Each Borrower agrees and acknowledges that pursuant to the Loan Documents and except as specifically set forth therein, the Lender holds (a) first priority, perfected security interests in and liens upon all of each Borrower's assets and property rights (other than those specified in clause (b) below), wherever located, including assets now owned or hereafter acquired, as more specifically described in the Security Agreements and (b) second priority, perfected security interests in and liens upon all of Akorn's right, title and interest in and to the real property located in Macon County, State of Illinois, all improvements located thereon, and all rents, profits and income generated thereby, as more specifically described in the Junior Mortgage. Such security interests and liens secure all of the Obligations now or hereafter incurred, including, without limitation, the Current Outstanding Obligations and all other amounts now or hereafter owed by the Borrowers to the Lender under any of the Loan Documents.
