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.
Appears in 4 contracts
Samples: Credit Agreement (Digerati Technologies, Inc.), Forbearance Agreement (Digerati Technologies, Inc.), Forbearance Agreement (Digerati Technologies, Inc.)